Greater Toms River Chamber of Commerce

EIN: 210667144

Toms River, NJ

Total Revenue
$237,593
Total Expenses
$226,325
Total Assets
$178,663
Net Assets
$163,663
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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
1953
Legal Domicile
NJ
Principal Officer
Adam Servodio
Phone
7323490220
Tax Period
2024-01-01 to 2024-12-31

Greater Toms River Chamber of Commerce, founded in 1953, is a small nonprofit that reported $238K in total revenue in fiscal year 2024. Expenses of $226K left a modest 5% surplus.

Mission

The primary goal is to foster economic growth and community well being through development of the commercial, professional, industrial, civic, cultural, recreational, and general interests of the community.

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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 $141,490
Program Service Revenue $51,356
Investment Income $0
Other Revenue $44,747
TOTAL REVENUE $237,593

Expense Breakdown

Grants Paid $0
Salaries & Benefits $152,714
Fundraising Expenses $0
Other Expenses $73,611
TOTAL EXPENSES $226,325

Year-over-Year Comparison

2024 2023 Change
Revenue $237,593 $223,178 +0.1%
Expenses $226,325 $214,087 +0.1%
Net Income $11,268 $9,091 +0.2%
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
N/A
Employees
4
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
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Bob McLane 1st VP 5.00
Officer Director
$0 $0 $0
Adam Servodio Chairman 25.00
Officer Director
$0 $0 $0
Jan Kirsten Secretary 5.00
Officer Director
$0 $0 $0
Frank Monetti Treasurer 5.00
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 $237,593 $226,325 $178,663 $11,268
2023 $223,178 $214,087 $152,395 $9,091
2022 $157,517 $152,315 $143,304 $5,202
2021 $207,008 $171,371 $138,168 $35,637
2020 $164,389 $132,062 $103,185 $32,327
2019 $194,651 $182,472 $71,775 $12,179
2018 $154,385 $166,619 $62,313 $-12,234
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