GREATER PATERSON CHAMBER OF COMMERCE (EIN 221187770) - 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

Legal Domicile

Principal Officer

Orlando Cruz

Phone

9738817300

Tax Period

2023-01-01 to 2023-12-31

GREATER PATERSON CHAMBER OF COMMERCE is a small nonprofit that reported $182K in total revenue in fiscal year 2023. Revenue fell 46% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $51K, a strong 28% operating margin.

Mission

Community & business promotion

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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 $20,100

Program Service Revenue $44,599

Investment Income $300

Other Revenue $117,073

TOTAL REVENUE $182,072

Expense Breakdown

Grants Paid $0

Salaries & Benefits $85,205

Fundraising Expenses $0

Other Expenses $45,637

TOTAL EXPENSES $130,842

Year-over-Year Comparison

	2023	2022	Change
Revenue	$182,072	$340,107	-0.5%
Expenses	$130,842	$169,897	-0.2%
Net Income	$51,230	$170,210	-0.7%

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

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

$41,600

Total Directors

$41,600

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Orlando Cruz	Executive Dir.	40.00	Officer Director	$41,600	$0	$41,600
James White Jr	Vice President	5.00	Officer Director	$0	$0	$0
Teri Duda	Vice President	5.00	Officer Director	$0	$0	$0
Donald Vanderbeck Jr	Director	5.00	Director	$0	$0	$0
Matthew Evans	Vice Chairman	5.00	Officer Director	$0	$0	$0
Fernando Porras	Director	5.00	Director	$0	$0	$0
Sean Ryan	Director	5.00	Director	$0	$0	$0
Nicholas Tselepis	Director	5.00	Director	$0	$0	$0
Dr Steven Rose	Director	5.00	Director	$0	$0	$0
Joseph M Sterba	Director	5.00	Director	$0	$0	$0
Dan Shiver	Director	5.00	Director	$0	$0	$0
Kenneth Morris Jr	Chairman	5.00	Director	$0	$0	$0
Art Scialla Jr	Director	5.00	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
2023	$182,072	$130,842	$55,915	$51,230
2022	$340,107	$169,897	$38,849	$170,210
2021	$107,555	$108,086	$23,778	$-531
2020	$107,011	$100,019	$27,643	$6,992
2019	$179,155	$166,468	$31,652	$12,687
2018	$177,406	$185,500	$32,551	$-8,094

GREATER PATERSON CHAMBER OF COMMERCE