Chamber Of Commerce Of the CIT (EIN 131738023) - 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

Legal Domicile

Principal Officer

KEVIN T CACACE

Tax Period

2023-01-01 to 2023-12-31

Chamber Of Commerce Of the CIT is a small nonprofit that reported $201K in total revenue in fiscal year 2023. Revenue fell 60% from the prior year — a significant decline worth monitoring. Expenses of $287K exceeded revenue, resulting in a 43% operating deficit.

Mission

Serving the citizens merchants of the city of Yonkers by develolping jobs commerce through the community provide training programs for

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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 (2023)

Revenue Breakdown

Contributions & Grants $144,490

Program Service Revenue $75,835

Investment Income $1,000

Other Revenue $-20,643

TOTAL REVENUE $200,682

Expense Breakdown

Grants Paid $0

Salaries & Benefits $139,562

Fundraising Expenses $0

Other Expenses $147,245

TOTAL EXPENSES $286,807

Year-over-Year Comparison

	2023	2022	Change
Revenue	$200,682	$501,136	-0.6%
Expenses	$286,807	$566,505	-0.5%
Net Income	$-86,125	$-65,369	+0.3%

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

N/A

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

$40,417

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEVIN CACACE	PRESIDENT	35.00	Officer	$40,417	$0	$40,417
MOIRA KIERNAN	CHAIRWOMAN	1.000	Officer Director	$0	$0	$0
PAUL RANIERI	VICECHAIRMAN	1.000	Officer Director	$0	$0	$0
THOMAS MCSPEDON	TREASURER	1.000	Officer Director	$0	$0	$0
STEPHEN VENERUSO	COUNSEL	1.000	Director	$0	$0	$0
RON CORTI	EXECUTIVE BOARD MEMBER	1.000	Director	$0	$0	$0
PATRICK DAUGHERTY	EXECUTIVE BOARD MEMBER	1.000	Director	$0	$0	$0
BRIAN HARRINGTON	EXECUTIVE BOARD MEMBER	1.000	Director	$0	$0	$0
HOWARD E BERMAN	EXECUTIVE BOARD MEMBER	1.000	Director	$0	$0	$0
EBEN WALKER	EXECUTIVE BOARD MEMBER	1.000	Director	$0	$0	$0
GREG ARCARO	BOARD MEMBER	1.000	Director	$0	$0	$0
JOSEPH COOKE	BOARD MEMBER	1.000	Director	$0	$0	$0
JOSEPH MARRA	BOARD MEMBER	1.000	Director	$0	$0	$0
MICHAEL MINERVA	BOARD MEMBER	1.000	Director	$0	$0	$0
RONALD RIENAS	BOARD MEMBER	1.000	Director	$0	$0	$0
CRISTIAN CRUZ	BOARD MEMBER	1.000	Director	$0	$0	$0
JOHN SARACENO	BOARD MEMBER	1.000	Director	$0	$0	$0
STEPHEN SZULHAN	BOARD MEMBER	1.000	Director	$0	$0	$0
WILSON TERRERO	BOARD MEMBER	1.000	Director	$0	$0	$0
VINCENT VOLINO	BOARD MEMBER	1.000	Director	$0	$0	$0
BERNICE WHITE-GAYNOR	BOARD MEMBER	1.000	Director	$0	$0	$0
HENRY DJONBALAJ	BOARD MEMBER	1.000	Director	$0	$0	$0
AMANI MARJIEH	BOARD MEMBER	1.000	Director	$0	$0	$0
ORLANDO ALVES	BOARD MEMBER	1.000	Director	$0	$0	$0
HARRY SINGH	BOARD MEMBER	1.000	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
2023	$200,682	$286,807	$242,077	$-86,125
2022	$501,136	$566,505	$233,945	$-65,369
2021	$443,584	$517,090	$489,752	$-73,506
2021	$443,584	$517,090	$489,752	$-73,506
2020	$522,152	$495,388	$213,370	$26,764
2019	$231,773	$388,447	$145,111	$-156,674
2018	$781,805	$678,377	$310,740	$103,428

Chamber Of Commerce Of the CIT