NORTH JERSEY CHAMBER OF COMMERCE (EIN 220826285) - Form 990 Financial Analysis & Trantor Score

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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

1991

Legal Domicile

Principal Officer

MICHELLE VERNUCCIO

Phone

9734709300

Tax Period

2024-01-01 to 2024-12-31

NORTH JERSEY CHAMBER OF COMMERCE, founded in 1991, is a small nonprofit that reported $271K in total revenue in fiscal year 2024.

Mission

THE NORTH JERSEY CHAMBER OF COMMERCE PROMOTES BUSINESS AND ECONOMIC DEVELOPMENT IN THE REGION BY PROVIDING SUPPORT SERVICES, TRAINING, NETWORKING AND ADVERTISING OPPORTUNITIES TO STIMULATE GROWTH AND PROFITABILITY FOR OUR 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $99,366

Program Service Revenue $70,125

Investment Income $3,316

Other Revenue $98,524

TOTAL REVENUE $271,331

Expense Breakdown

Grants Paid $0

Salaries & Benefits $157,964

Fundraising Expenses $0

Program Expenses $120,414

Other Expenses $122,899

TOTAL EXPENSES $280,863

Year-over-Year Comparison

	2024	2023	Change
Revenue	$271,331	$256,875	+0.1%
Expenses	$280,863	$258,778	+0.1%
Net Income	$-9,532	$-1,903	+4.0%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$98,832

Total Directors

$98,832

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRICIA DIAZ	TREASURER	0.50	Officer Director	$0	$0	$0
PHIL WAGENTI	BOARD OF DIRECTOR	0.50	Director	$0	$0	$0
MICHELLE VERNUCCIO	PRESIDENT	40.00	Officer Director	$91,425	$7,407	$98,832
CHERYL MUCHA	CHAIRWOMAN	0.50	Officer Director	$0	$0	$0
JAYMES DEJESUS	BOARD OF DIRECTOR	0.50	Director	$0	$0	$0
KIM ALVAREZ	BOARD OF DIRECTOR	0.50	Director	$0	$0	$0
THANIA ARRANGO	BOARD OF DIRECTOR	0.50	Director	$0	$0	$0
PETER D'ANGELO	BOARD OF DIRECTOR	0.50	Director	$0	$0	$0
CHRISTINA SCHWINDT	BOARD OF DIRECTOR	0.50	Director	$0	$0	$0
EDWARD DAVIES	BOARD OF DIRECTOR	0.50	Director	$0	$0	$0
MATTHEW DALY	BOARD OF DIRECTOR	0.50	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
2024	$271,331	$280,863	$84,875	$-9,532
2023	$256,875	$258,778	$94,407	$-1,903
2022	$226,490	$243,312	$96,310	$-16,822
2021	$246,202	$220,367	$120,132	$25,835
2020	$147,400	$196,361	$120,142	$-48,961
2019	$173,123	$171,589	$64,858	$1,534
2018	$161,146	$129,885	$67,036	$31,261

NORTH JERSEY CHAMBER OF COMMERCE