QUEENS CHAMBER OF COMMERCE FOUNDATION INC (EIN 113514824) - Form 990 Financial Analysis & Trantor Score

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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

2013

Legal Domicile

Principal Officer

MARIAN CONWAY

Phone

7188988500

Tax Period

2024-01-01 to 2024-12-31

QUEENS CHAMBER OF COMMERCE FOUNDATION INC, founded in 2013, is a micro nonprofit in the Community Improvement sector that reported $33K in total revenue in fiscal year 2024. Revenue fell 95% from the prior year — a significant decline worth monitoring. Expenses of $278K exceeded revenue, resulting in a 733% operating deficit.

Mission

PROVIDE SCHOLARSHIPS TO STUDENTS AND SUPPORT FOR BUSINESSES SUFFERING CATASTROPHIC LOSSES.

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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 $33,412

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $33,412

Expense Breakdown

Grants Paid $37,000

Salaries & Benefits $27,038

Fundraising Expenses $2,909

Program Expenses $245,230

Other Expenses $214,186

TOTAL EXPENSES $278,224

Year-over-Year Comparison

	2024	2023	Change
Revenue	$33,412	$703,730	-1.0%
Expenses	$278,224	$129,917	+1.1%
Net Income	$-244,812	$573,813	-1.4%

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

N/A

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

$252,373

Total Directors

$252,373

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARIAN CONWAY	PRESIDENT	4.00	Officer Director	$0	$0	$0
THOMAS J GRECH	VICE PRESIDENT	4.00	Officer Director	$0	$0	$252,373
JUDY NG	TREASURER	4.00	Officer Director	$0	$0	$0
MAYRA DIRICO	SECRETARY	1.00	Officer Director	$0	$0	$0
KENNETH ADAMS	DIRECTOR	1.00	Director	$0	$0	$0
JAY HENDERSON	DIRECTOR	1.00	Director	$0	$0	$0
JOSHUA BIENSTOCK	DIRECTOR	1.00	Director	$0	$0	$0
JOHN RACANELLI	DIRECTOR	1.00	Director	$0	$0	$0
MARK KUPFERBERG	DIRECTOR	1.00	Director	$0	$0	$0
EILEEN AULD	DIRECTOR	1.00	Director	$0	$0	$0
MARK SCHIENBERG	DIRECTOR	1.00	Director	$0	$0	$0

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	$33,412	$278,224	$499,067	$-244,812
2023	$703,730	$129,917	$718,978	$573,813
2022	$866,080	$878,497	$272,060	$-12,417
2021	$350,501	$316,664	$532,606	$33,837

QUEENS CHAMBER OF COMMERCE FOUNDATION INC