CHAMBER OF COMMERCE OF THE TONAWANDAS INC

EIN: 160371125

NORTH TONAWANDA, NY

Total Revenue
$109,248
Total Expenses
$91,244
Total Assets
$82,709
Net Assets
$80,311
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1938
Legal Domicile
NY
Principal Officer
ROBERT PECORARO
Phone
7166925120
Tax Period
2021-01-01 to 2021-12-31

CHAMBER OF COMMERCE OF THE TONAWANDAS INC, founded in 1938, is a small nonprofit that reported $109K in total revenue in fiscal year 2021. The organization ran a surplus of $18K, a strong 16% operating margin.

Mission

THE CHAMBER OF COMMERCE OF THE TONAWANDAS, INC. IS A MEMBERSHIP ORGANIZATION THAT PROVIDES SOURCES OF SERVICE, SUPPORT AND NETWORKING FOR BUSINESSES AND COMMUNITY ORGANIZATIONS. THE CHAMBER CREATES A POSITIVE ENVIRONMENT FOR THE BUSINESS CLIMATE AS WELL AS GIVE ATTENTION TO ALL ECONOMIC, CIVIC, COMMERCIAL, CULTURAL AND EDUCATIONAL INTERESTS.

Program Service Accomplishments

Program 1
Expenses: $77,299

DURING THE YEAR, VARIOUS SPECIAL EVENTS WERE HELD TO PROVIDE THE COMMUNITY AND ITS BUSINESSES OPPORTUNITIES TO NETWORK. THESE EVENTS INCLUDED THE ANNUAL DINNER, A HOLIDAY MIXER, THE GOLF TOURNAMENT...

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DURING THE YEAR, VARIOUS SPECIAL EVENTS WERE HELD TO PROVIDE THE COMMUNITY AND ITS BUSINESSES OPPORTUNITIES TO NETWORK. THESE EVENTS INCLUDED THE ANNUAL DINNER, A HOLIDAY MIXER, THE GOLF TOURNAMENT, AND THE CLAMBAKE.

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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 (2021)

Revenue Breakdown

Contributions & Grants $100,122
Program Service Revenue $2,609
Investment Income $0
Other Revenue $6,517
TOTAL REVENUE $109,248

Expense Breakdown

Grants Paid $0
Salaries & Benefits $51,478
Fundraising Expenses $0
Program Expenses $77,299
Other Expenses $39,766
TOTAL EXPENSES $91,244

Year-over-Year Comparison

2021 2020 Change
Revenue $109,248 $102,784 +0.1%
Expenses $91,244 $105,088 -0.1%
Net Income $18,004 $-2,304 -8.8%
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

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Liquidity & Cash Position

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Governance

Voting Members
15
Independent Members
15
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
6
$32,723
Total Directors
17
$32,723
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBERT PECORARO PRESIDENT 1.00
Officer Director
$0 $0 $0
THOMAS SCIME 1ST VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
MARGARET HIGGINS 2ND VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
BEVERLY LOXTERMAN SECRETARY 1.00
Officer Director
$0 $0 $0
CATHY ODDO EXECUTIVE DIRECTOR 1.00
Officer Director
$0 $0 $0
SARAH NELSON DIRECTOR OF MARKETING AND 40.00
Officer Director
$32,723 $0 $32,723
JOSEPH CASSATA DIRECTOR 1.00
Director
$0 $0 $0
VALERIE CRONIN DIRECTOR 1.00
Director
$0 $0 $0
GEORGE FERBER DIRECTOR 1.00
Director
$0 $0 $0
KRISTA VINCE GARLAND DIRECTOR 1.00
Director
$0 $0 $0
DEBORAH JAEGER DIRECTOR 1.00
Director
$0 $0 $0
CHRISTINE PILOZZI DIRECTOR 1.00
Director
$0 $0 $0
COREY ROSSI DIRECTOR 1.00
Director
$0 $0 $0
STEVEN SURAWSKI DIRECTOR 1.00
Director
$0 $0 $0
DOUGLAS TAYLOR DIRECTOR 1.00
Director
$0 $0 $0
LAURA WILSON DIRECTOR 1.00
Director
$0 $0 $0
EVELYN ZUPO 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
2021 $109,248 $91,244 $82,709 $18,004
2020 $102,784 $105,088 $64,223 $-2,304
2019 $138,371 $124,718 $86,716 $13,653
2018 $154,931 $127,423 $73,294 $27,508
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