FINNISH AMERICAN CHAMBER OF COMMER… - Form 990 Financial Data

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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

1948

Legal Domicile

Phone

9176227076

Tax Period

2020-05-01 to 2021-04-30

FINNISH AMERICAN CHAMBER OF COMMERCE INC, founded in 1948, is a micro nonprofit that reported $88K in total revenue in fiscal year 2020. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $82K left a modest 7% surplus.

Mission

THE 1948-FOUNDED FINNISH AMERICAN CHAMBER OF COMMERCE NEW YORK PROMOTES AND FOSTERS TRADE, BUSINESS, FINANCIAL AND PROFESSIONAL INTEREST AND COMMERCIAL RELATIONS BETWEEN FINLAND AND THE U.S.

Program Service Accomplishments

Program 1

VIRTUAL BRIDGE MARKET ENTRY PROGRAM FOR FINNISH COMPANIES ENTERING THE US MARKET

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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 $87,586

Program Service Revenue $608

Investment Income $0

Other Revenue $0

TOTAL REVENUE $88,194

Expense Breakdown

Grants Paid $0

Salaries & Benefits $66,056

Fundraising Expenses $0

Other Expenses $5,548

TOTAL EXPENSES $81,604

Year-over-Year Comparison

	2020	2019	Change
Revenue	$88,194	$74,107	+0.2%
Expenses	$81,604	$64,706	+0.3%
Net Income	$6,590	$9,401	-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

N/A

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

Total Directors

Key Employees

$60,000

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARKO SALONEN	EXECUTIVE DIRECTOR	35.00	Key Emp	$60,000	$0	$60,000
KATI KAIVONEN	CHAIRMAN & PRESIDENT	8.00	Officer	$0	$0	$0
EMMA AER	VICE PRESIDENT	2.00	Officer	$0	$0	$0
STEVEN TSENG	VICE PRESIDENT	4.00	Officer	$0	$0	$0
GEORGE CARABERIS	DIRECTOR	2.00	Director	$0	$0	$0
KENNETH RAMOS	DIRECTOR	2.00	Director	$0	$0	$0
ERNO TAURIAINEN	DIRECTOR	2.00	Director	$0	$0	$0
NEAL BEATON	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL STUDENT SULLIVAN	DIRECTOR	2.00	Director	$0	$0	$0
ARTHUR BORGES	DIRECTOR	2.00	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
2021	$88,194	$81,604	$15,169	$6,590

FINNISH AMERICAN CHAMBER OF COMMERCE INC