European-American Chamber of Commerce

EIN: 205745762 Community Improvement

Cincinnati, OH

Total Revenue
$444,419
Total Expenses
$382,126
Total Assets
$303,686
Net Assets
$146,287
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2007
Legal Domicile
OH
Principal Officer
Nicole Fenyo
Phone
5132160847
Tax Period
2023-01-01 to 2023-12-31

European-American Chamber of Commerce, founded in 2007, is a small nonprofit in the Community Improvement sector that reported $444K in total revenue in fiscal year 2023. Revenue surged 31% from the prior year, signaling strong growth momentum. Expenses of $382K left a modest 14% surplus.

Mission

To stimulate business and networking relations between Europe and the Cincinnati Tri-State Region through education, exchanges, trade missions, increasing awareness, enhancing the Region and Europe's image, providing information & resources, increasing social & personal interaction, and improving the European expatriate community's experience in the region.

Program Service Accomplishments

Program 1

Business Development Initiative - a dynamic platform for EACC member companies and organizations to invest in the EACC's mission and to support U.S. and European businesses in the region grow the...

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Business Development Initiative - a dynamic platform for EACC member companies and organizations to invest in the EACC's mission and to support U.S. and European businesses in the region grow the scope and profitability of their businesses through programs that: 1. Connect member companies and organizations to each other and to resources that can support growth. 2. Provide information (legal/policy updates; Cross-cultural awareness, etc.) that help organizations better understand and capitalize on opportunities and challenges. 3. Allow member organizations to demonstrate their unique value proposition to other companies.

Program 2

Economic Development Initiative - 1. Work with local and regional economic development organizations (EDO's) to raise awareness in Europe of the Cincinnati Tri-State Region as an attractive...

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Economic Development Initiative - 1. Work with local and regional economic development organizations (EDO's) to raise awareness in Europe of the Cincinnati Tri-State Region as an attractive destination for foreign direct investment. 2. Support U.S. companies seeking information about export and investment opportunities in Europe. 3. Work directly with European and U.S. potential investors to connect them to the resources that can support their investment decisions. 4. Build relationships with European trade commissioners, local and bilateral Chambers of Commerce, Diplomats and others as tools in support of the points above.

Program 3

Talent Development Initiative - 1. Celebrate EACC member companies and organizations that are leading local efforts to train and retain the skilled workforce needed for the 21st Century. 2. Connect...

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Talent Development Initiative - 1. Celebrate EACC member companies and organizations that are leading local efforts to train and retain the skilled workforce needed for the 21st Century. 2. Connect EACC member companies to resources that can help then meet their workforce needs. 3. Advocate for more positive attitudes and a better appreciation for the possibilities of careers in manufacturing and trades. 4. Support European and other executives arriving in the Cincinnati Tri-State region (and their families) by helping them feel welcome and to connect to peers and resources that ease the transition both personally and professionally. 5. Support retention of young professionals (35 and under) with programs that connect them to each other and to local executives demonstrating that great international careers can happen in the Cincinnati Tri-State region.

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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 $23,611
Program Service Revenue $453,329
Investment Income $0
Other Revenue $-32,521
TOTAL REVENUE $444,419

Expense Breakdown

Grants Paid $0
Salaries & Benefits $177,113
Fundraising Expenses $0
Other Expenses $205,013
TOTAL EXPENSES $382,126

Year-over-Year Comparison

2023 2022 Change
Revenue $444,419 $339,552 +0.3%
Expenses $382,126 $397,471 0.0%
Net Income $62,293 $-57,919 -2.1%
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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Governance

Voting Members
30
Independent Members
30
Employees
4
Volunteers
30

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
5
$85,838
Total Directors
30
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Kai Bitter Board Member 0.50
Director
$0 $0 $0
Michele Blair Board Member 0.50
Director
$0 $0 $0
Nelly Bonniol Board President 1.00
Officer Director
$0 $0 $0
Joe Brown Board Member - Start 10/23 0.50
Director
$0 $0 $0
Cierra Clymer Board Secretary 1.00
Officer Director
$0 $0 $0
Michael Dektas Board Treasurer 1.00
Officer Director
$0 $0 $0
George DuChaine Board Member 0.50
Director
$0 $0 $0
Dominic Franchini Board Member 0.50
Director
$0 $0 $0
Julie George Board Member 0.50
Director
$0 $0 $0
Joshua Katzman Board Member 0.50
Director
$0 $0 $0
Dave Mills Board Member - Exit 10/23 0.50
Director
$0 $0 $0
Antonio Pagano Board Member 0.50
Director
$0 $0 $0
Kimberly Rossetti Board Member 0.50
Director
$0 $0 $0
Yannick Schilly Board Member - Exit 04/23 0.50
Director
$0 $0 $0
Fabian Schmahl Board Member 0.50
Director
$0 $0 $0
Thorsten Schroeder Board Member 0.50
Director
$0 $0 $0
Chad Shaffer Board Member 0.50
Director
$0 $0 $0
Bobby Spann Board Member 0.50
Director
$0 $0 $0
Chris Tyler Board Member 0.50
Director
$0 $0 $0
Gabriel Venzin Board Member 0.50
Director
$0 $0 $0
Beth Vice Board Member 0.50
Director
$0 $0 $0
Joren Knockaert Board Member - Start 01/23 0.50
Director
$0 $0 $0
Steve Melink Board Member - Exit 04/23 0.50
Director
$0 $0 $0
Hans Philippo Board Member - Start 01/23 0.50
Director
$0 $0 $0
Andrea Pirondini Board Member - Start 01/23 0.50
Director
$0 $0 $0
Joshua Smith Board Member - Exit 04/23 0.50
Director
$0 $0 $0
Samantha Wagner Board Member - Start 01/23 0.50
Director
$0 $0 $0
Anne Cappel Board Member - Start 04/23 0.50
Director
$0 $0 $0
Seth Parker Board Member - Start 04/23 0.50
Director
$0 $0 $0
Jody Gunderson Board Member - Start 04/23 0.50
Director
$0 $0 $0
Nicole Fenyo Executive Director - Start 06/23 40.00
Officer
$64,545 $0 $64,545
Todd Schwartz Executive Director - Exit 03/23 40.00
Officer
$21,293 $0 $21,293
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 $444,419 $382,126 $303,686 $62,293
2022 $339,552 $397,471 $282,311 $-57,919
2021 $280,500 $258,459 $281,663 $22,041
2020 $189,864 $213,707 $217,946 $-23,843
2019 $233,601 $239,335 $220,485 $-5,734
2018 $223,141 $266,265 $256,703 $-43,124
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