ATLANTIC CITY CHAMBER OF COMMERCE

EIN: 210398240

NORTHFIELD, NJ

Total Revenue
$557,422
Total Expenses
$670,367
Total Assets
$489,385
Net Assets
$-112,366
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1977
Legal Domicile
NJ
Phone
6093454524
Tax Period
2023-06-01 to 2024-05-31

ATLANTIC CITY CHAMBER OF COMMERCE, founded in 1977, is a small nonprofit that reported $557K in total revenue in fiscal year 2023. Expenses of $670K exceeded revenue, resulting in a 20% operating deficit.

Mission

TO CREATE A FAVORABLE BUSINESS CLIMATE IN ATLANTIC CITY AND SURROUNDING MAINLAND COMMUNITIES BY PROVIDING MEANINGFUL SERVICES TO ITS MEMBERS. ALSO, TO SERVE AS A STRONG BUSINESS ADVOCACY THAT HELPS SHAPE PUBLIC POLICY AND TO WORK TO CREATE BUSINESS OPPORTUNITIES FOR THE MEMBERS AND TO LOWER THEIR COST OF DOING BUSINESS.

Program Service Accomplishments

Program 1

PROGRAM SERVICES ARE FOCUSED ON THE CHAMBER'S STRONG BUSINESS ADVOCACY ROLE, HELPING TO SHAPE PUBLIC POLICY, AND WORKING ON CREATING BUSINESS OPPORTUNITIES FOR ITS MEMBERS.

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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 $9,250
Program Service Revenue $511,653
Investment Income $2,414
Other Revenue $34,105
TOTAL REVENUE $557,422

Expense Breakdown

Grants Paid $0
Salaries & Benefits $269,220
Fundraising Expenses $0
Other Expenses $401,147
TOTAL EXPENSES $670,367

Year-over-Year Comparison

2023 2022 Change
Revenue $557,422 $570,383 0.0%
Expenses $670,367 $650,859 +0.0%
Net Income $-112,945 $-80,476 +0.4%
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
59
Independent Members
46
Employees
3
Volunteers
112

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
1
$113,155
Total Directors
59
$113,155
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL CHAIT President 40.00
Officer Director
$113,155 $0 $113,155
LARRY SIEG BOARDMEMBER 0.00
Director
$0 $0 $0
CHARLIE WIMBERG IMMED PAST PRES 0.00
Director
$0 $0 $0
KEN CALEMMO ECON DEV CHAIR 0.00
Director
$0 $0 $0
DERRICK BENNS BOARDMEMBER 0.00
Director
$0 $0 $0
JANICE JOHNSTON CHAIRWOMAN 0.00
Director
$0 $0 $0
BARB DEMARCO PUB POLICY CHAI 0.00
Director
$0 $0 $0
KEVIN DUFFY BOARDMEMBER 0.00
Director
$0 $0 $0
ERIC NEIDERMAN BOARDMEMBER 0.00
Director
$0 $0 $0
JEFF ROPIECKI Chairman 0.00
Director
$0 $0 $0
ALEXANDER MARINO BOARDMEMBER 0.00
Director
$0 $0 $0
ALICIA NEWCOMB BOARDMEMBER 0.00
Director
$0 $0 $0
ANN BARZDA BOARDMEMBER 0.00
Director
$0 $0 $0
JOSEPH SOMERS BOARDMEMBER 0.00
Director
$0 $0 $0
CANDACE GAMBLAIN BOARDMEMBER 0.00
Director
$0 $0 $0
MITCH ZITOMER BOARDMEMBER 0.00
Director
$0 $0 $0
MIKE FEDORKO BOARDMEMBER 0.00
Director
$0 $0 $0
PAUL GALLAGHER BOARDMEMBER 0.00
Director
$0 $0 $0
GREG BELL BOARDMEMBER 0.00
Director
$0 $0 $0
GABE STAINO MBRSHP/AMB CHAI 0.00
Director
$0 $0 $0
MATT LEVINSON BOARDMEMBER 0.00
Director
$0 $0 $0
BLAIR ALBRIGHT BOARDMEMBER 0.00
Director
$0 $0 $0
CHARLES GARRETT BOARDMEMBER 0.00
Director
$0 $0 $0
CHUCK BIONDI BOARDMEMBER 0.00
Director
$0 $0 $0
CARLA CAULK BOARDMEMBER 0.00
Director
$0 $0 $0
MICHAEL COHEN BOARDMEMBER 0.00
Director
$0 $0 $0
KEITH DAVIS BOARDMEMBER 0.00
Director
$0 $0 $0
FRED DEANDREA BOARDMEMBER 0.00
Director
$0 $0 $0
LANCE LANDGRAF BOARDMEMBER 0.00
Director
$0 $0 $0
DIANE DIXON BOARDMEMBER 0.00
Director
$0 $0 $0
KRISTIN MCEVOY BOARDMEMBER 0.00
Director
$0 $0 $0
JOE DOUGHERTY BOARDMEMBER 0.00
Director
$0 $0 $0
CHRIS DOWNEY BOARDMEMBER 0.00
Director
$0 $0 $0
JACOB PERSKIE BOARDMEMBER 0.00
Director
$0 $0 $0
DOLORES GOLDSTEIN BOARDMEMBER 0.00
Director
$0 $0 $0
BARBARA GABA BOARDMEMBER 0.00
Director
$0 $0 $0
JEAN MCALISTER BOARDMEMBER 0.00
Director
$0 $0 $0
TIM GLENN BOARDMEMBER 0.00
Director
$0 $0 $0
JOHN HEINZ EVENTS CO-CHAIR 0.00
Director
$0 $0 $0
JON HENDERSON BOARDMEMBER 0.00
Director
$0 $0 $0
GREG BATZ BOARDMEMBER 0.00
Director
$0 $0 $0
NANCY FASOLD BOARDMEMBER 0.00
Director
$0 $0 $0
JOHN GRAY BOARDMEMBER 0.00
Director
$0 $0 $0
ED MCFADDEN BOARDMEMBER 0.00
Director
$0 $0 $0
JON SCHLEIFER BOARDMEMBER 0.00
Director
$0 $0 $0
DAN LOMBARDO BOARDMEMBER 0.00
Director
$0 $0 $0
SHARON FRANZ BOARDMEMBER 0.00
Director
$0 $0 $0
LAUREN SCHIAVO BOARDMEMBER 0.00
Director
$0 $0 $0
STEVE EWING BOARDMEMBER 0.00
Director
$0 $0 $0
TETJE LINSK BOARDMEMBER 0.00
Director
$0 $0 $0
VINCE MAZZEO BOARDMEMBER 0.00
Director
$0 $0 $0
MARK CALLAZZO BOARDMEMBER 0.00
Director
$0 $0 $0
MIKE RUBLE BOARDMEMBER 0.00
Director
$0 $0 $0
ANTHONY GUAD BOARDMEMBER 0.00
Director
$0 $0 $0
MICHAEL SANTORI BOARDMEMBER 0.00
Director
$0 $0 $0
JOE JINGOLI BOARDMEMBER 0.00
Director
$0 $0 $0
DAVID ZAPPARIELLO BOARDMEMBER 0.00
Director
$0 $0 $0
ALAN ZUCKERMAN BOARDMEMBER 0.00
Director
$0 $0 $0
BILL HANSEN BOARDMEMBER 0.00
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
2025 No data No data No data No data
2024 $557,422 $670,367 $489,385 $-112,945
2023 $570,383 $650,859 $504,540 $-80,476
2022 $549,875 $452,745 $499,748 $97,130
2021 $361,209 $284,392 $361,903 $76,817
2020 $1,111,861 $1,028,337 $126,812 $83,524
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