MORRIS COUNTY CHAMBER OF COMMERCE

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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

1920

Legal Domicile

Principal Officer

MEGHAN HUNSCHER

Phone

9735393882

Tax Period

2023-01-01 to 2023-12-31

MORRIS COUNTY CHAMBER OF COMMERCE, founded in 1920, is a community nonprofit that reported $2.4M in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $2.1M left a modest 11% surplus.

Mission

BUSINESS MEMBERSHIP ORGANIZATION

Program Service Accomplishments

Program 1

Expenses: $1,113,206 Revenue: $1,103,033

THE CHAMBER OF COMMERCE IS A MEMBERSHIP ORGANIZATION THAT RUNS PROGRAMS, MEETINGS, CONVENTIONS, AND OTHER ACTIVITIES REGARDING VARIOUS ASPECTS OF BUSINESS ACTIVITY IN MORRIS COUNTY FOR ITS MEMBERS...

THE CHAMBER OF COMMERCE IS A MEMBERSHIP ORGANIZATION THAT RUNS PROGRAMS, MEETINGS, CONVENTIONS, AND OTHER ACTIVITIES REGARDING VARIOUS ASPECTS OF BUSINESS ACTIVITY IN MORRIS COUNTY FOR ITS MEMBERS. ALL MEETINGS CONVENTIONS AND FUNCTIONS ARE SUPPORTED BY DUES AND INVESTMENT INCOME TO PROMOTE MEMBERSIPS AND BUSINESS ACTIVITY IN MORRIS COUNTY BY ACCESSING MEMBERS TO EACH OUTHER AND TO THE GENERAL PUBLIC. BALANCE OF THE FUNDS ARE FOR ADMINISTRATIVE COSTS TO MAINTAIN CHAMBER OF COMMERCE FACILITIES AND SUPPORTING STAFF. OTHER REVENUE PROJECTS ARE UTILIZED TO ABSORB THE COST OF FULL TIME STAFF NOT OTHERWISE FUNDED.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,148,078

Program Service Revenue $1,103,033

Investment Income $20,941

Other Revenue $109,314

TOTAL REVENUE $2,381,366

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,001,456

Fundraising Expenses $0

Program Expenses $1,113,206

Other Expenses $1,129,366

TOTAL EXPENSES $2,130,822

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,381,366	$2,020,429	+0.2%
Expenses	$2,130,822	$2,310,512	-0.1%
Net Income	$250,544	$-290,083	-1.9%

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

225

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

Total Directors

Key Employees

$220,256

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MEGHAN HUNSCHER	PRESIDENT &	37.50	Key Emp	$217,835	$2,421	$220,256
MARCUS BANKS	MEMBER	N/A	Director	$0	$0	$0
JOSEPH D'AURIA	MEMBER	N/A	Director	$0	$0	$0
ROSANNE DETORRES	MEMBER	N/A	Director	$0	$0	$0
DEIRDRE R WHEATLEY - LISS ESQ	CHAIRMAN OF	N/A	Officer Director	$0	$0	$0
BOB FLYNN	MEMBER	N/A	Director	$0	$0	$0
CASEY GOCEL	MEMBER	N/A	Director	$0	$0	$0
ANDY HILTON	MEMBER	N/A	Director	$0	$0	$0
TONY IACONO	VICE CHAIR	N/A	Officer Director	$0	$0	$0
ILEANA IVANCIU	MEMBER	N/A	Director	$0	$0	$0
JAMES JACOBI	MEMBER	N/A	Director	$0	$0	$0
BARBARA KATZ	MEMBER	N/A	Director	$0	$0	$0
TOM LYONS	TREASURER	N/A	Officer Director	$0	$0	$0
DONNA MILLER	MEMBER	N/A	Director	$0	$0	$0
JACK MILLER	MEMBER	N/A	Director	$0	$0	$0
SUSAN ROOS	MEMBER	N/A	Director	$0	$0	$0
DAVID SCHLUER	MEMBER	N/A	Director	$0	$0	$0
EVERTON SCOTT	MEMBER	N/A	Director	$0	$0	$0
ERIC SEGUIN	MEMBER	N/A	Director	$0	$0	$0
TOM SERLUCO	MEMBER	N/A	Director	$0	$0	$0
RANDY STODARD	MEMBER	N/A	Director	$0	$0	$0
RANDY STODARD	MEMBER	N/A	Director	$0	$0	$0
JASON WALDENSTEIN	MEMBER	N/A	Director	$0	$0	$0
JASON WALDSTEIN	MEMBER	N/A	Director	$0	$0	$0
CHRISTINE COX WEST	MEMBER	N/A	Director	$0	$0	$0
CHRISTINE COX WEST	MEMBER	N/A	Director	$0	$0	$0
DEBBIE WOLPOV	MEMBER	N/A	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	No data	No data	No data	No data
2023	$2,381,366	$2,130,822	$2,251,926	$250,544
2022	$2,020,429	$2,310,512	$2,149,646	$-290,083
2021	$1,691,602	$1,900,762	$1,342,255	$-209,160
2020	$1,653,419	$1,558,606	$1,427,872	$94,813