BROOKLYN CHAMBER OF COMMERCE INC

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1918

Legal Domicile

Principal Officer

RANDOLPH PEERS

Phone

7188751000

Tax Period

2024-01-01 to 2024-12-31

BROOKLYN CHAMBER OF COMMERCE INC, founded in 1918, is a small nonprofit that reported $868K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

THE PRIMARY PURPOSE OF BROOKLYN CHAMBER OF COMMERCE, INC.("BCC") IS TO ASSIST BROOKLYN BUSINESSES BY PROVIDING SERVICES, INCLUDING MARKETING, EDUCATION AND ADVOCACY, IN WAYS THAT PROMOTE AND MONITOR ECONOMIC GROWTH.

Program Service Accomplishments

Program 1

Expenses: $331,527 Revenue: $707,697

MEMBERSHIP EVENTS AND ACTIVITIES - EVENTS AND ACTIVITIES THROUGHOUT THE YEAR TO FOSTER NETWORKING BETWEEN, AND PROVIDE TOPICAL BUSINESS INFORMATION TO, MEMBERS/NON-MEMBERS OF THE BROOKLYN COMMUNITY...

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $148,991

Program Service Revenue $707,697

Investment Income $0

Other Revenue $11,422

TOTAL REVENUE $868,110

Expense Breakdown

Grants Paid $0

Salaries & Benefits $443,874

Fundraising Expenses $0

Program Expenses $331,527

Other Expenses $420,969

TOTAL EXPENSES $864,843

Year-over-Year Comparison

	2024	2023	Change
Revenue	$868,110	$789,175	+0.1%
Expenses	$864,843	$805,321	+0.1%
Net Income	$3,267	$-16,146	-1.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$538,386

Total Directors

$350,337

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RANDOLPH PEERS	PRESIDENT & CEO	10.00	Officer Director	$99,508	$31,617	$350,337
ANA OLIVEIRA	CHAIRMAN	9.00	Officer Director	$0	$0	$0
PASQUALE PATRONE	TREASURER	5.00	Officer Director	$0	$0	$0
KENDALL CHRISTIANSEN	SECRETARY	5.00	Officer Director	$0	$0	$0
SUSAN DOBAN	MEMBER	1.00	Director	$0	$0	$0
BRADLEY KORN	MEMBER	1.00	Director	$0	$0	$0
KENNETH FISHER	MEMBER	1.00	Director	$0	$0	$0
DOZIER HASTY	MEMBER	1.00	Director	$0	$0	$0
ELADIA CAUSIL RODRIGUEZ	MEMBER	1.00	Director	$0	$0	$0
GARY TERRINONI	MEMBER	1.00	Director	$0	$0	$0
JEFF LINDOR	MEMBER	1.00	Director	$0	$0	$0
JUAN PEREZ	MEMBER	1.00	Director	$0	$0	$0
KAREN AUSTER	MEMBER	1.00	Director	$0	$0	$0
KEVIN THOMPSON	MEMBER	1.00	Director	$0	$0	$0
LISA BING	MEMBER	1.00	Director	$0	$0	$0
MAGGIE GU	MEMBER	1.00	Director	$0	$0	$0
OFER COHEN	MEMBER	1.00	Director	$0	$0	$0
PENDA AIKEN	MEMBER	1.00	Director	$0	$0	$0
PHILIP GUARNIERI	MEMBER	1.00	Director	$0	$0	$0
RALPH BUMBACA	MEMBER	1.00	Director	$0	$0	$0
SAYER LONIAL	MEMBER	1.00	Director	$0	$0	$0
STEVEN KLEIN	MEMBER	1.00	Director	$0	$0	$0
THOMAS SORRENTINO	MEMBER	1.00	Director	$0	$0	$0
TIMOTHY KING	MEMBER	1.00	Director	$0	$0	$0
TUCKER REED	MEMBER	1.00	Director	$0	$0	$0
KENDALL CHARTER	MEMBER	1.00	Director	$0	$0	$0
TYQUANA HENDERSON-RIVERS	MEMBER	1.00	Director	$0	$0	$0
PHYLLIS PRESSA	MEMBER	1.00	Director	$0	$0	$0
JED WALENTAS	MEMBER	1.00	Director	$0	$0	$0
JAMES BRENNAN	MEMBER	1.00	Director	$0	$0	$0
LINDSAY GREENE	MEMBER	1.00	Director	$0	$0	$0
JOHN ABI HABIB	MEMBER	1.00	Director	$0	$0	$0
BLONDELL PINNOCK	MEMBER	1.00	Director	$0	$0	$0
MARY QUINONES	MEMBER	1.00	Director	$0	$0	$0
TIMOTHY CECERE	MEMBER	1.00	Director	$0	$0	$0
DONALD BOOMGAARDEN	MEMBER	1.00	Director	$0	$0	$0
ROBERT CORNEGY	MEMBER	1.00	Director	$0	$0	$0
BRYAN GRIMALDI	MEMBER	1.00	Director	$0	$0	$0
JESSICA SCHUMER	MEMBER	1.00	Director	$0	$0	$0
GIL CYGLER	VICE CHAIR	1.00	Officer Director	$0	$0	$0
GINA ARGENTO	MEMBER	1.00	Director	$0	$0	$0
JOY SWEET	MEMBER	1.00	Director	$0	$0	$0
CHANDRABAN MOTILALL	CHIEF FINANCIAL OFFICER	4.00	Officer	$18,329	$25,060	$188,049
RICHARD RUSSO	CHIEF OPERATING OFFICER	12.00	Highest	$70,302	$2,544	$162,559
KATHIE LEE	EXECUTIVE VICE PRESIDENT	4.00	Highest	$56,049	$0	$223,949

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$868,110	$864,843	$548,741	$3,267
2023	$789,175	$805,321	$565,472	$-16,146
2022	$920,544	$643,860	$602,525	$276,684
2021	$868,409	$904,213	$305,714	$-35,804
2020	$661,310	$1,004,330	$2,445,993	$-343,020
2019	$704,940	$1,023,350	$2,170,849	$-318,410
2018	$1,671,525	$1,665,194	$2,071,338	$6,331