NEW JERSEY STATE CHAMBER OF COMMERCE

EIN: 221153980

TRENTON, NJ

Total Revenue
$3,286,254
Total Expenses
$3,439,320
Total Assets
$3,223,760
Net Assets
$1,562,260
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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
THOMAS A BRACKEN
Phone
6099897888
Tax Period
2024-01-01 to 2024-12-31

NEW JERSEY STATE CHAMBER OF COMMERCE, founded in 1911, is a community nonprofit that reported $3.3M in total revenue in fiscal year 2024.

Mission

TO PROMOTE A VIBRANT BUSINESS ENVIRONMENT AND ECONOMIC PROSPERITY.

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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 $123,740
Program Service Revenue $3,053,133
Investment Income $99,381
Other Revenue $10,000
TOTAL REVENUE $3,286,254

Expense Breakdown

Grants Paid $2,600
Salaries & Benefits $2,381,070
Fundraising Expenses $0
Other Expenses $1,055,650
TOTAL EXPENSES $3,439,320

Year-over-Year Comparison

2024 2023 Change
Revenue $3,286,254 $3,141,097 +0.0%
Expenses $3,439,320 $3,170,158 +0.1%
Net Income $-153,066 $-29,061 +4.3%
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
101
Independent Members
101
Employees
33
Volunteers
106

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
7
$702,295
Total Directors
101
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GARY DAHMS CHAIR 0.50
Officer Director
$0 $0 $0
GIL MEDINA 1ST VICE CHAIR 0.50
Officer Director
$0 $0 $0
LISA CHOWANSKY 2ND VICE CHAIR 0.50
Officer Director
$0 $0 $0
TED ZANGARI SECRETARY 0.50
Officer Director
$0 $0 $0
DIANE WASSER TREASURER 0.50
Officer Director
$0 $0 $0
ANDREW G AGGER DIRECTOR 0.50
Director
$0 $0 $0
MICHAEL BERNSTEIN DIRECTOR 0.50
Director
$0 $0 $0
WALTER J BRASCH DIRECTOR 0.50
Director
$0 $0 $0
RICHARD BUTKUS JR DIRECTOR 0.50
Director
$0 $0 $0
TOM BYRNE DIRECTOR 0.50
Director
$0 $0 $0
RUTHI BYRNE DIRECTOR 0.50
Director
$0 $0 $0
A MICHAEL CANDIDO DIRECTOR 0.50
Director
$0 $0 $0
WILLIAM CARUSO DIRECTOR 0.50
Director
$0 $0 $0
MONICA PADOVANO CASIELLO DIRECTOR 0.50
Director
$0 $0 $0
CHARLES A CERNIGLIA DIRECTOR 0.50
Director
$0 $0 $0
PATRICIA CLAYBROOK DIRECTOR 0.50
Director
$0 $0 $0
PETER J COCOZIELLO DIRECTOR 0.50
Director
$0 $0 $0
HOWARD COHEN DIRECTOR 0.50
Director
$0 $0 $0
THOMAS H COMISKEY DIRECTOR 0.50
Director
$0 $0 $0
DIANE CONBOY KIRSHENBAUM DIRECTOR 0.50
Director
$0 $0 $0
RAFAEL E CUELLAR DIRECTOR 0.50
Director
$0 $0 $0
ROB CURLEY DIRECTOR 0.50
Director
$0 $0 $0
MARK A DANIELE ESQ DIRECTOR 0.50
Director
$0 $0 $0
ENRICO A DELLA CORNA DIRECTOR 0.50
Director
$0 $0 $0
STEPHEN DILTS DIRECTOR 0.50
Director
$0 $0 $0
SAMUEL DONELSON DIRECTOR 0.50
Director
$0 $0 $0
PETER DONTAS DIRECTOR 0.50
Director
$0 $0 $0
ERICA DROZD DIRECTOR 0.50
Director
$0 $0 $0
BISHOP DAVID G EVANS DIRECTOR 0.50
Director
$0 $0 $0
DALE FAVORS DIRECTOR 0.50
Director
$0 $0 $0
W RAYMOND FELTON DIRECTOR 0.50
Director
$0 $0 $0
MADELINE FERRARO DIRECTOR 0.50
Director
$0 $0 $0
ALBERT GAROFALO DIRECTOR 0.50
Director
$0 $0 $0
ROBERT GARRETT DIRECTOR 0.50
Director
$0 $0 $0
SANDRA D GILYARD DIRECTOR 0.50
Director
$0 $0 $0
CHRISTOPHER J GUITON DIRECTOR 0.50
Director
$0 $0 $0
WILLIAM R HAGAMAN JR DIRECTOR 0.50
Director
$0 $0 $0
MERODIE ANNE HANCOCK DIRECTOR 0.50
Director
$0 $0 $0
KIM HANEMANN DIRECTOR 0.50
Director
$0 $0 $0
KEVIN HANEY DIRECTOR 0.50
Director
$0 $0 $0
JAMES HANSON II DIRECTOR 0.50
Director
$0 $0 $0
JOHN HARMON SR DIRECTOR 0.50
Director
$0 $0 $0
DEBBIE HART DIRECTOR 0.50
Director
$0 $0 $0
LESLIE HIRSCH DIRECTOR 0.50
Director
$0 $0 $0
JONATHAN HIRSCHFELD DIRECTOR 0.50
Director
$0 $0 $0
DR KIMBERLY KILLMER HOLLISTER DIRECTOR 0.50
Director
$0 $0 $0
ALI HOUSHMAND DIRECTOR 0.50
Director
$0 $0 $0
PETER J HOVANIAN DIRECTOR 0.50
Director
$0 $0 $0
LAWRENCE R INSERRA III DIRECTOR 0.50
Director
$0 $0 $0
RALPH IZZO DIRECTOR 0.50
Director
$0 $0 $0
AJ JOHNSON DIRECTOR 0.50
Director
$0 $0 $0
TERRILL JORDAN DIRECTOR 0.50
Director
$0 $0 $0
JACLYN KATOR DIRECTOR 0.50
Director
$0 $0 $0
STEVE KLEIN DIRECTOR 0.50
Director
$0 $0 $0
LAWRENCE H KRAMPF DIRECTOR 0.50
Director
$0 $0 $0
PAUL KRIEGER DIRECTOR 0.50
Director
$0 $0 $0
RONALD S LADELL DIRECTOR 0.50
Director
$0 $0 $0
JOSEPH J LEBEL III DIRECTOR 0.50
Director
$0 $0 $0
CHRISTOPHER LEPRE DIRECTOR 0.50
Director
$0 $0 $0
MAX LEVENTHAL DIRECTOR 0.50
Director
$0 $0 $0
OLIVER LEWIS DIRECTOR 0.50
Director
$0 $0 $0
DR TEIK LIM DIRECTOR 0.50
Director
$0 $0 $0
KEVIN L LUING DIRECTOR 0.50
Director
$0 $0 $0
PETER MANGIN DIRECTOR 0.50
Director
$0 $0 $0
AMY MANSUE DIRECTOR 0.50
Director
$0 $0 $0
GENE MCCARTHY DIRECTOR 0.50
Director
$0 $0 $0
MARK MCDONOUGH DIRECTOR 0.50
Director
$0 $0 $0
BRIAN F MCEVILY DIRECTOR 0.50
Director
$0 $0 $0
CARLOS MEDINA DIRECTOR 0.50
Director
$0 $0 $0
PATRICK MIGLIACCIO DIRECTOR 0.50
Director
$0 $0 $0
DOUG MOKOID DIRECTOR 0.50
Director
$0 $0 $0
BRIAN J MOLLOY DIRECTOR 0.50
Director
$0 $0 $0
WILL MOREY DIRECTOR 0.50
Director
$0 $0 $0
MIKE MUNOZ DIRECTOR 0.50
Director
$0 $0 $0
VITO NARDELLI DIRECTOR 0.50
Director
$0 $0 $0
COLIN NEWMAN DIRECTOR 0.50
Director
$0 $0 $0
MELISSA ORSEN DIRECTOR 0.50
Director
$0 $0 $0
KAREN PATRUNO SHEEHY DIRECTOR 0.50
Director
$0 $0 $0
BRYAN PICKEL DIRECTOR 0.50
Director
$0 $0 $0
BRAXTON PLUMMER DIRECTOR 0.50
Director
$0 $0 $0
ROBERT L PODVEY DIRECTOR 0.50
Director
$0 $0 $0
AARON PRICE DIRECTOR 0.50
Director
$0 $0 $0
MIKE REAGAN DIRECTOR 0.50
Director
$0 $0 $0
DR LAMONT REPOLLET DIRECTOR 0.50
Director
$0 $0 $0
DUSTIN RICCIO DIRECTOR 0.50
Director
$0 $0 $0
STEVEN M ROSE DIRECTOR 0.50
Director
$0 $0 $0
WILLIAM RUCKERT DIRECTOR 0.50
Director
$0 $0 $0
NICHOLAS SAN FILIPPO IV DIRECTOR 0.50
Director
$0 $0 $0
JEFFREY C SCHEININGER DIRECTOR 0.50
Director
$0 $0 $0
TOM SCOTT DIRECTOR 0.50
Director
$0 $0 $0
ERIC SEGUIN DIRECTOR 0.50
Director
$0 $0 $0
ANTHONY SGAMMATO DIRECTOR 0.50
Director
$0 $0 $0
JENNIFER A SHIMEK DIRECTOR 0.50
Director
$0 $0 $0
DEFOREST B SOARIES JR DIRECTOR 0.50
Director
$0 $0 $0
MICHAEL SOMMER DIRECTOR 0.50
Director
$0 $0 $0
DENNIS M TOFT DIRECTOR 0.50
Director
$0 $0 $0
PHILLIP VAVALA DIRECTOR 0.50
Director
$0 $0 $0
DEBORAH VISCONI DIRECTOR 0.50
Director
$0 $0 $0
KELLY WATSON DIRECTOR 0.50
Director
$0 $0 $0
CAROLYN WELSH DIRECTOR 0.50
Director
$0 $0 $0
DENNIS WILSON DIRECTOR 0.50
Director
$0 $0 $0
THOMAS BRACKEN PRESIDENT/CEO 40.00
Officer
$503,025 $25,430 $528,455
REBECCA TURETZKIN VP OF FINANCE 40.00
Officer
$143,897 $29,943 $173,840
MICHAEL EGENTON VP OF GOVERNMENT AFFAIRS 40.00
Highest
$220,401 $42,638 $263,039
KEVIN FRIEDLANDER VP OF COMMUNICATIONS 40.00
Highest
$182,824 $41,560 $224,384
DONNA CUSTARD PRESIDENT - NJ CHAMBER FDN 0.50
Highest
$160,060 $27,586 $187,646
NEIL WILDONGER VP OF OPERATIONS 40.00
Highest
$142,991 $18,680 $161,671
SANDRA GLOVER-STROTHERS EXECUTIVE DIRECTOR - JAG NJ 0.50
Highest
$118,955 $29,053 $148,008
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 $3,286,254 $3,439,320 $3,223,760 $-153,066
2023 $3,141,097 $3,170,158 $2,857,419 $-29,061
2022 $2,863,441 $3,166,928 $2,915,136 $-303,487
2021 $3,463,173 $3,061,994 $3,348,713 $401,179
2020 $2,814,700 $2,803,831 $2,745,719 $10,869
2019 $3,192,158 $3,034,040 $2,698,430 $158,118
2018 $3,126,390 $2,947,605 $2,693,725 $178,785
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