GATEWAY REGIONAL CHAMBER OF COMMERCEINC

EIN: 220887600

ELIZABETH, NJ

Total Revenue
$284,642
Total Expenses
$417,975
Total Assets
$209,810
Net Assets
$209,810
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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
1911
Legal Domicile
NJ
Principal Officer
BRIAN TANGORA
Phone
9083520900
Tax Period
2023-07-01 to 2024-06-30

GATEWAY REGIONAL CHAMBER OF COMMERCEINC, founded in 1911, is a small nonprofit that reported $285K in total revenue in fiscal year 2023. Revenue fell 31% from the prior year — a significant decline worth monitoring. Expenses of $418K exceeded revenue, resulting in a 47% operating deficit.

Mission

THE MISSION OF THE GATEWAY CHAMBER OF COMMERCE IS TO PROMOTE AND ENHANCE THE ECONOMIC VITALITY OF OUR REGION BY CONNECTING BUSINESSES, FOSTERING PARTNERSHIPS, AND PROVIDING VALUABLE RESOURCES AND SERVICES. WE ARE COMMITTED TO ADVOCATING FOR A BUSINESS-FRIENDLY ENVIRONMENT, FACILITATING NETWORKING OPPORTUNITIES, AND OFFERING EDUCATIONAL PROGRAMS THAT EMPOWER OUR MEMBERS TO THRIVE IN AN EVER-CHANGING MARKETPLACE. AS A CATALYST FOR ECONOMIC EXCELLENCE, WE CHAMPION THE PROSPERITY OF OUR MEMBERS WHILE CONTRIBUTING TO THE OVERALL WELL-BEING OF THE COMMUNITIES WE SERVE.

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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 $0
Program Service Revenue $282,594
Investment Income $17
Other Revenue $2,031
TOTAL REVENUE $284,642

Expense Breakdown

Grants Paid $0
Salaries & Benefits $309,609
Fundraising Expenses $0
Program Expenses $240,603
Other Expenses $108,366
TOTAL EXPENSES $417,975

Year-over-Year Comparison

2023 2022 Change
Revenue $284,642 $409,762 -0.3%
Expenses $417,975 $466,415 -0.1%
Net Income $-133,333 $-56,653 +1.4%
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

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
29
Independent Members
29
Employees
N/A
Volunteers
29

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
$80,846
Total Directors
29
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ELIZABETH MANZO CHAIR 2.00
Officer Director
$0 $0 $0
SANDY HILENSKI VICE CHAIR 2.00
Officer Director
$0 $0 $0
LOU BECKERMAN TREASURER 2.00
Officer Director
$0 $0 $0
EBONY PARHAM DIRECTOR 1.00
Director
$0 $0 $0
DENIS CONNELL DIRECTOR 1.00
Director
$0 $0 $0
ROCIO ESCALANTE DIRECTOR 1.00
Director
$0 $0 $0
PAMELA PARDES DIRECTOR 1.00
Director
$0 $0 $0
JOHN C DUNCAN DIRECTOR 1.00
Director
$0 $0 $0
KEITH BALLA DIRECTOR 1.00
Director
$0 $0 $0
KELLY MOLINARI DIRECTOR 1.00
Director
$0 $0 $0
TODD HAY DIRECTOR 1.00
Director
$0 $0 $0
LEE HOLTZMAN DIRECTOR 1.00
Director
$0 $0 $0
MIRIAM KOPPEL DIRECTOR 1.00
Director
$0 $0 $0
TREMAINE BEMBRY DIRECTOR 1.00
Director
$0 $0 $0
ERIC LARSEN DIRECTOR 1.00
Director
$0 $0 $0
SHERYL FOLSOM DIRECTOR 1.00
Director
$0 $0 $0
GARY MARMO DIRECTOR 1.00
Director
$0 $0 $0
LINDA WELLBROCK DIRECTOR 1.00
Director
$0 $0 $0
CLEVONNE HILLAIRE DIRECTOR 1.00
Director
$0 $0 $0
SHERRYLL PENNEY DIRECTOR 1.00
Director
$0 $0 $0
LAUREN YEDVAB DIRECTOR 1.00
Director
$0 $0 $0
JARED STADLIN DIRECTOR 1.00
Director
$0 $0 $0
DAN GALLAGHER DIRECTOR 1.00
Director
$0 $0 $0
ROB LESLIE DIRECTOR 1.00
Director
$0 $0 $0
ADAM ZELLNER DIRECTOR 1.00
Director
$0 $0 $0
ROBERT PUGLISI DIRECTOR 1.00
Director
$0 $0 $0
DAN SILVA DIRECTOR 1.00
Director
$0 $0 $0
MARY BAKER DIRECTOR 1.00
Director
$0 $0 $0
OYLUM SEKER DIRECTOR 1.00
Director
$0 $0 $0
BRIAN TANGORA PRESIDENT & CEO 39.00
Officer
$66,489 $14,357 $80,846
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
2024 $284,642 $417,975 $209,810 $-133,333
2023 $409,762 $466,415 $357,809 $-56,653
2022 $660,476 $628,376 $414,462 $32,100
2021 $547,456 $536,282 $460,609 $11,174
2020 $549,486 $581,071 $369,668 $-31,585
2019 $768,686 $712,149 $402,271 $56,537
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