FRENCH-AMERICAN CHAMBER OF COMMERC… - 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

1986

Legal Domicile

Principal Officer

PIERRE-MARIE LAGNAUD

Phone

2128670123

Tax Period

2023-01-01 to 2023-12-31

FRENCH-AMERICAN CHAMBER OF COMMERCE IN THE UNITED STATES INC NEW YORK CHAPTER, founded in 1986, is a community nonprofit that reported $2.6M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $2.4M left a modest 9% surplus.

Mission

TO CONTRIBUTE TO THE IMPROVEMENT OF ECONOMIC, COMMERCIAL, AND FINANCIAL RELATIONS BETWEEN FRANCE AND THE UNITED STATES, ALL IN COMPLIANCE WITH THE RULES APPLICABLE TO NOT-FOR-PROFIT CORPORATIONS.

Program Service Accomplishments

Program 1

PUBLIC AND SPECIAL EVENTS TO IMPROVE INTERNATIONAL TRADE BETWEEN FRENCH AND AMERICAN COMPANIES.

Program 2

EXCHANGE PROGRAMS AND MEMBERSHIP PROGRAMS TO FOSTER TRADE AND BUSINESS BETWEEN FRANCE AND THE UNITED STATES.

Program 3

TRADE AND OTHER SERVICES ASSISTANCE TO FRENCH-OWNED ENTERPRISES IN THE USA. SERVICES AND ADVICE FOR U.S. OWNED ENTERPRISES INVESTING IN FRANCE.

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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 $403,343

Program Service Revenue $1,906,102

Investment Income $271,896

Other Revenue $3,602

TOTAL REVENUE $2,584,943

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,489,587

Fundraising Expenses $0

Other Expenses $874,810

TOTAL EXPENSES $2,364,397

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,584,943	$2,322,549	+0.1%
Expenses	$2,364,397	$1,889,513	+0.3%
Net Income	$220,546	$433,036	-0.5%

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

$162,099

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARC SOMNOLET	PRESIDENT	10.00	Officer Director	$0	$0	$0
ELSA BERRY	CO-CHAIR	1.00	Officer Director	$0	$0	$0
STEPHEN L DREYFUS	EXECUTIVE VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
PIERRE-MARIE LAGNAUD	TREASURER	1.00	Officer Director	$0	$0	$0
MICHAEL ELKIN	SECRETARY	1.00	Officer Director	$0	$0	$0
ADRIANNA AGBO	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL BUFFET	DIRECTOR	1.00	Director	$0	$0	$0
FRACOIS CHATEAU	DIRECTOR	1.00	Director	$0	$0	$0
ARIANE DAGUIN	DIRECTOR	1.00	Director	$0	$0	$0
JEAN-FRANCOIS DE VALDIVIA	DIRECTOR	1.00	Director	$0	$0	$0
YONI ELAMLEM	DIRECTOR	1.00	Director	$0	$0	$0
DOAA FAHNY	DIRECTOR	1.00	Director	$0	$0	$0
PHILIPPE FAU	DIRECTOR	1.00	Director	$0	$0	$0
VIKAS KHANDELWAL	DIRECTOR	1.00	Director	$0	$0	$0
KARIN LESTELLE	DIRECTOR	1.00	Director	$0	$0	$0
ALEXIS MARTIN	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW MASSAT	DIRECTOR	1.00	Director	$0	$0	$0
STEPHANIE MESSAS	DIRECTOR	1.00	Director	$0	$0	$0
ANNE-MARIE MOTTE	DIRECTOR	1.00	Director	$0	$0	$0
CARLOS PEREZ	DIRECTOR	1.00	Director	$0	$0	$0
SKIP RANKIN	DIRECTOR	1.00	Director	$0	$0	$0
JEAN ROSANVALLON	DIRECTOR	1.00	Director	$0	$0	$0
THAIS RODA	DIRECTOR	1.00	Director	$0	$0	$0
DEBORAH VANDERHEYDEN	DIRECTOR	1.00	Director	$0	$0	$0
GUIDO VAN HAUWERMEIREN	DIRECTOR	1.00	Director	$0	$0	$0
POLINA BOGDANOVITCH	MANAGING DIRECTOR	40.00	Officer	$150,000	$12,099	$162,099

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	No data	No data	No data	No data
2023	$2,584,943	$2,364,397	$9,562,519	$220,546
2022	$2,322,549	$1,889,513	$8,591,165	$433,036
2021	$1,410,181	$1,424,482	$9,384,169	$-14,301
2020	$1,509,768	$2,603,011	$9,339,804	$-1,093,243
2019	$3,027,806	$3,001,100	$9,887,539	$26,706
2018	$2,987,659	$2,358,372	$8,821,760	$629,287

FRENCH-AMERICAN CHAMBER OF COMMERCE IN THE UNITED STATES INC NEW YORK CHAPTER