GREATER NEW YORK CHAMBER OF COMMERC

EIN: 134037331

NEW YORK, NY

Total Revenue
$651,404
Total Expenses
$780,182
Total Assets
$635,013
Net Assets
$152,622
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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
1994
Legal Domicile
NY
Principal Officer
MARK JAFFE
Tax Period
2023-10-01 to 2024-09-30

GREATER NEW YORK CHAMBER OF COMMERC, founded in 1994, is a small nonprofit that reported $651K in total revenue in fiscal year 2023. Revenue fell 20% from the prior year — a significant decline worth monitoring. Expenses of $780K exceeded revenue, resulting in a 20% operating deficit.

Mission

PROMOTING BUSINESS AND CIVIC CAUSES IN METRO NY, BY PROVIDING EDUCATIONAL AND NETWORKING OPPORTUNITES,INFORMATION,SURVEYS,ADVOCACY BUSINESS AND LEGAL SERVICES FOR OUR MEMBERS AND GUESTS

Program Service Accomplishments

Program 1
Expenses: $399,000

Providing advocacy, business education and networking service

Program 2
Expenses: $165,000

Providing Legal and export documeentation

Program 3
Expenses: $73,000

PROVIDING Tourism services and Goodwill

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $421,205
Program Service Revenue $230,199
Investment Income $0
Other Revenue $0
TOTAL REVENUE $651,404

Expense Breakdown

Grants Paid $0
Salaries & Benefits $471,641
Fundraising Expenses $0
Program Expenses $780,182
Other Expenses $308,541
TOTAL EXPENSES $780,182

Year-over-Year Comparison

2023 2022 Change
Revenue $651,404 $816,417 -0.2%
Expenses $780,182 $681,361 +0.1%
Net Income $-128,778 $135,056 -2.0%
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

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Governance

Voting Members
9
Independent Members
7
Employees
16
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
2
$358,174
Total Directors
9
$358,174
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARK JAFFE CEO 50.00
Officer Director
$161,089 $28,777 $191,366
HELANA NATT EXECUTIVE DIRECTOR 50.00
Officer Director
$126,417 $37,391 $166,808
Howard Teich DIRECTOR 0.50
Director
$0 $0 $0
Richard Weinberg DIRECTOR 0.50
Director
$0 $0 $0
George HULSE DIRECTOR 0.50
Director
$0 $0 $0
Gregory Kirsopp DIRECTOR 0.50
Director
$0 $0 $0
CYNTHIA DIBARTOLO DIRECTOR 0.50
Director
$0 $0 $0
TERRANCE HOLLIDAY CHAIR 1.00
Director
$0 $0 $0
Clinton Blume DIRECTOR 0.50
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 $651,404 $780,182 $635,013 $-128,778
2023 $816,417 $681,361 $778,951 $135,056
2022 $577,478 $675,667 $665,965 $-98,189
2021 $625,000 $563,471 $764,154 $61,529
2019 $744,655 $728,833 $235,342 $15,822
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