GARDEN CITY 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

1989

Legal Domicile

Principal Officer

DENNIS DONNELLY

Phone

5162489100

Tax Period

2020-01-01 to 2020-12-31

GARDEN CITY CHAMBER OF COMMERCE INC, founded in 1989, is a small nonprofit that reported $135K in total revenue in fiscal year 2020. Revenue fell 63% from the prior year — a significant decline worth monitoring. Expenses of $183K exceeded revenue, resulting in a 35% operating deficit.

Mission

TO PRESERVE THE BUSINESS CONDITIONS OF VARIOUS LINES OF BUSINESS IN THE VILLAGE OF GARDEN CITY

Program Service Accomplishments

Program 1

TO PRESERVE THE BUSINESS CONDITIONS OF VARIOUS LINES OF BUSINESS IN THE VILLAGE OF GARDEN CITY

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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 (2020)

Revenue Breakdown

Contributions & Grants $135,322

Program Service Revenue $0

Investment Income $6

Other Revenue $0

TOTAL REVENUE $135,328

Expense Breakdown

Grants Paid $0

Salaries & Benefits $106,816

Fundraising Expenses $0

Other Expenses $76,007

TOTAL EXPENSES $182,823

Year-over-Year Comparison

	2020	2019	Change
Revenue	$135,328	$369,717	-0.6%
Expenses	$182,823	$368,472	-0.5%
Net Income	$-47,495	$1,245	-39.1%

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

270

Independent Members

270

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

$57,330

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SEAN MARTENS	PRESIDENT	5.00	Officer	$0	$0	$0
ROBERT KLOEPFER	1ST VICE PRESIDENT	5.00	Officer	$0	$0	$0
LISA SMITH	2ND VICE PRESIDENT	5.00	Officer	$0	$0	$0
TOM MCCAMBRIDGE	SECRETARY & TREASURER	5.00	Officer	$0	$0	$0
DENNIS DONNELLY	EXECUTIVE DIRECTOR	5.00	Officer	$57,330	$0	$57,330

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
2020	$135,328	$182,823	$11,521	$-47,495
2019	$369,717	$368,472	$87,030	$1,245
2018	$354,672	$376,292	$85,585	$-21,620