THE CHAMBER OF COMMERCE OF NIAGARA INC

EIN: 161613520 Community Improvement

SANBORN, NY

Total Revenue
$178,738
Total Expenses
$215,995
Total Assets
$49,640
Net Assets
$-91,142
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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
2001
Legal Domicile
NY
Principal Officer
CRAIG TURNER
Phone
7162851702
Tax Period
2024-01-01 to 2024-12-31

THE CHAMBER OF COMMERCE OF NIAGARA INC, founded in 2001, is a small nonprofit in the Community Improvement sector that reported $179K in total revenue in fiscal year 2024. Revenue surged 23% from the prior year, signaling strong growth momentum. Expenses of $216K exceeded revenue, resulting in a 21% operating deficit.

Mission

TO PROMOTE THE ECONOMIC DEVELOPMENT OF NIAGARA COUNTY, NEW YORK

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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 (2024)

Revenue Breakdown

Contributions & Grants $13,047
Program Service Revenue $78,154
Investment Income $332
Other Revenue $87,205
TOTAL REVENUE $178,738

Expense Breakdown

Grants Paid $0
Salaries & Benefits $168,690
Fundraising Expenses $0
Other Expenses $47,305
TOTAL EXPENSES $215,995

Year-over-Year Comparison

2024 2023 Change
Revenue $178,738 $145,021 +0.2%
Expenses $215,995 $199,564 +0.1%
Net Income $-37,257 $-54,543 -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

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Governance

Voting Members
30
Independent Members
30
Employees
3
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
4
$0
Total Directors
26
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NASREEN AKHTAR BOARD MEMBER 1.00
Director
$0 $0 $0
ROSEMARY BLANDO BOARD MEMBER 1.00
Director
$0 $0 $0
TIM BOLDT BOARD MEMBER 1.00
Director
$0 $0 $0
CHRIS BROWN BOARD MEMBER 1.00
Director
$0 $0 $0
LORI CASO BOARD MEMBER 1.00
Director
$0 $0 $0
EDWARD DAMICO BOARD MEMBER 1.00
Director
$0 $0 $0
DOUG ELIA PAST CHAIRMA 1.00
Director
$0 $0 $0
MARC GESCHWENDER BOARD MEMBER 1.00
Director
$0 $0 $0
JAMES MAHER BOARD MEMBER 1.00
Director
$0 $0 $0
KIMBERLY MINKEL BOARD MEMBER 1.00
Director
$0 $0 $0
GAY MOLNAR BOARD MEMBER 1.00
Director
$0 $0 $0
ROBERT MORREALE BOARD MEMBER 1.00
Director
$0 $0 $0
JENNIFER MUNDY BOARD MEMBER 1.00
Director
$0 $0 $0
WILLIAM MURABITO BOARD MEMBER 1.00
Director
$0 $0 $0
LUCY MUTO BOARD MEMBER 1.00
Director
$0 $0 $0
CHARLES NESBITT BOARD MEMBER 1.00
Director
$0 $0 $0
LOU PAONESSA BOARD MEMBER 1.00
Director
$0 $0 $0
JOHN PERCY BOARD MEMBER 1.00
Director
$0 $0 $0
CHERYL PHILLIPS BOARD MEMBER 1.00
Director
$0 $0 $0
DAMON PIATEK BOARD MEMBER 1.00
Director
$0 $0 $0
JIM SMYTH BOARD MEMBER 1.00
Director
$0 $0 $0
ANNETTE TOMLIN BOARD MEMBER 1.00
Director
$0 $0 $0
ROGER TREVINO BOARD MEMBER 1.00
Director
$0 $0 $0
HEIDI URBAN BOARD MEMBER 1.00
Director
$0 $0 $0
EARL WELLS BOARD MEMBER 1.00
Director
$0 $0 $0
LIZ ZULAWSKI BOARD MEMBER 1.00
Director
$0 $0 $0
JULIE BERRIGAN SECRETARY 1.00
Officer
$0 $0 $0
RUSSELL PETROZZI VICE CHAIR 1.00
Officer
$0 $0 $0
ROCCO SURACE TREASURER 1.00
Officer
$0 $0 $0
CRAIG TURNER CHAIRMAN 1.00
Officer
$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 $178,738 $215,995 $49,640 $-37,257
2023 $145,021 $199,564 $83,513 $-54,543
2022 $197,081 $171,838 $122,744 $25,243
2021 $190,538 $188,804 $125,101 $1,734
2020 $143,759 $166,595 $165,192 $-22,836
2019 $187,701 $176,197 $19,164 $11,504
2018 $196,535 $187,172 $20,068 $9,363
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