MEADOWLANDS REGIONAL CHAMBER OF CO… - Form 990 Financial Data

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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

1973

Legal Domicile

Principal Officer

JAMES KIRKOS

Phone

2019390707

Tax Period

2024-11-01 to 2025-10-31

MEADOWLANDS REGIONAL CHAMBER OF COMMERCE, founded in 1973, is a community nonprofit that reported $2.3M in total revenue in fiscal year 2024. Revenue surged 27% from the prior year, signaling strong growth momentum.

Mission

THE MEADOWLANDS REGIONAL CHAMBER (MRC) IS A RESPECTED BUSINESS SERVICE ORGANIZATION THAT ACCELERATES ECONOMIC, COMMUNITY AND BUSINESS DEVELOPMENT BY PROVIDING NETWORKING AND RELATIONSHIP BUILDING; DESTINATION AND TOURISM MARKETING; BUSINESS EDUCATION AND LEADERSHIP TRAINING; LEGISLATIVE AND PUBLIC AFFAIRS ADVOCACY, AND WORKFORCE DEVELOPMENT TO BUSINESSES OF ALL SIZES ALL ACROSS INDUSTRY SECTORS. MRC ASSISTS ITS MEMBER BUSINESSES BY BEING A CONDUIT OF INFORMATION AND PROVIDING REAL-TIME BUSINESS INTELLIGENCE AND REFERRAL SERVICES AS WELL AS COST SAVING VALUE ADDED MEMBER BENEFITS.

Program Service Accomplishments

Program 1

THE CHAMBER OF COMMERCE IS A BUSINESS SERVICE ORGANIZATION PROMOTING INNOVATIVE AND SUSTAINABLE ECONOMIC GROWTH AND EXPOSURE TO BUSINESS DEVELOPMENT OPPORTUNITIES FOR SMALL TO LARGE SIZE COMPANIES...

THE CHAMBER OF COMMERCE IS A BUSINESS SERVICE ORGANIZATION PROMOTING INNOVATIVE AND SUSTAINABLE ECONOMIC GROWTH AND EXPOSURE TO BUSINESS DEVELOPMENT OPPORTUNITIES FOR SMALL TO LARGE SIZE COMPANIES ACROSS ALL INDUSTRY SECTORS. BEYOND ITS CREATIVE SERVICES AND ADVOCACY, MEADOWLANDS REGIONAL CHAMBER ENCOMPASSES A NATIONALLY ACCREDITED CONVENTION AND VISITOR'S BUREAU AND WIDELY-CIRCULATED BUSINESS PUBLICATIONS THAT WILL ADVANCE CHAMBER AND CONVENTION AND VISITOR'S BUREAU INITIATIVES.

Program 2

THE MEADOWLANDS LIBERTY CONVENTION AND VISITORS BUREAU UTILIZES THE LATEST TECHNOLOGY TO MARKET THE REGION TO NATIONAL AND INTERNATIONAL VISITORS THROUGH A VIRTUAL NETWORK OF WEBSITES. WHETHER...

THE MEADOWLANDS LIBERTY CONVENTION AND VISITORS BUREAU UTILIZES THE LATEST TECHNOLOGY TO MARKET THE REGION TO NATIONAL AND INTERNATIONAL VISITORS THROUGH A VIRTUAL NETWORK OF WEBSITES. WHETHER BUSINESS OR LEISURE, INDIVIDUAL OR GROUP TRAVEL, OR SEEKING THE IDEAL CONVENTION OR CONFERENCE LOCATION, THE MEADOWLANDS LIBERTY CONVENTION AND VISITORS BUREAU HELPS YOU DETERMINE WHERE TO MEET, STAY, EAT, AND PLAY FOR A MEMORABLE EXPERIENCE.

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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 $1,024,751

Program Service Revenue $1,192,486

Investment Income $11,831

Other Revenue $83,992

TOTAL REVENUE $2,313,060

Expense Breakdown

Grants Paid $0

Salaries & Benefits $687,669

Fundraising Expenses $109,643

Other Expenses $1,566,350

TOTAL EXPENSES $2,254,019

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,313,060	$1,826,543	+0.3%
Expenses	$2,254,019	$1,805,963	+0.2%
Net Income	$59,041	$20,580	+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

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

$260,176

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES KIRKOS	President & CEO	38.00	Officer	$251,436	$8,740	$260,176
TIM WHITE	BOARD MEMBER	0.50	Director	$0	$0	$0
DAN BAER	BOARD MEMBER	0.50	Director	$0	$0	$0
ANTHONY SCARDINO	BOARD MEMBER	0.50	Director	$0	$0	$0
PETER UNANUE	BOARD MEMBER	0.50	Director	$0	$0	$0
ALLEN PARADISE	BOARD MEMBER	0.50	Director	$0	$0	$0
AMANDA MISSEY	BOARD MEMBER	0.50	Director	$0	$0	$0
ANDREA LOKSHIN	BOARD MEMBER	0.50	Director	$0	$0	$0
ANDREW MOSS	BOARD MEMBER	0.50	Director	$0	$0	$0
NICK DINALLO	BOARD MEMBER	0.50	Director	$0	$0	$0
ANTHONY GUZZO	BOARD MEMBER	0.50	Director	$0	$0	$0
ANTHONY IOVINO	BOARD MEMBER	0.50	Director	$0	$0	$0
DONALD FERRELL	BOARD MEMBER	0.50	Director	$0	$0	$0
MILDRED MIHLON	BOARD MEMBER	0.50	Director	$0	$0	$0
BILL SULLIVAN	BOARD MEMBER	0.50	Director	$0	$0	$0
POOJA DESAI	BOARD MEMBER	0.50	Director	$0	$0	$0
BOB EVANS	BOARD MEMBER	0.50	Director	$0	$0	$0
BOB KILROY	Treasurer	0.50	Officer Director	$0	$0	$0
DAVE MEREDITH	BOARD MEMBER	0.50	Director	$0	$0	$0
DANNY WOOD	BOARD MEMBER	0.50	Director	$0	$0	$0
DEL MCLENNON	BOARD MEMBER	0.50	Director	$0	$0	$0
SANTIAGO GIRALDO	BOARD MEMBER	0.50	Director	$0	$0	$0
DIANA FAINBERG	BOARD MEMBER	0.50	Director	$0	$0	$0
ELISSE GLENNON	BOARD MEMBER	0.50	Director	$0	$0	$0
ROBERT PIGNATELLO	BOARD MEMBER	0.50	Director	$0	$0	$0
FRANK RECINE	BOARD MEMBER	0.50	Director	$0	$0	$0
FRANK VUONO	BOARD MEMBER	0.50	Director	$0	$0	$0
ERIC FRIEDMAN	BOARD MEMBER	0.50	Director	$0	$0	$0
JAMES BROWN	VICE CHAIR	0.50	Officer Director	$0	$0	$0
JAMES O'CONNOR	BOARD MEMBER	0.50	Director	$0	$0	$0
JOHN MAZUR JR	BOARD MEMBER	0.50	Director	$0	$0	$0
KAREN DAVIS-FARAGE	BOARD MEMBER	0.50	Director	$0	$0	$0
JAMES RHATICAN	BOARD MEMBER	0.50	Director	$0	$0	$0
CINDY JEBB	BOARD MEMBER	0.50	Director	$0	$0	$0
DAVID MAIRO	BOARD MEMBER	0.50	Director	$0	$0	$0
MICHAEL MAKARSKI	BOARD MEMBER	0.50	Director	$0	$0	$0
MICHAEL COLETTI	BOARD MEMBER	0.50	Director	$0	$0	$0
MICHAEL TURNER	BOARD MEMBER	0.50	Director	$0	$0	$0
NINA NARDONE	BOARD MEMBER	0.50	Director	$0	$0	$0
DEBORAH VISCONI	BOARD MEMBER	0.50	Director	$0	$0	$0
PATTI GOLDFARB	BOARD MEMBER	0.50	Director	$0	$0	$0
PHIL KOLM	BOARD MEMBER	0.50	Director	$0	$0	$0
GEORGE MEGLIO	BOARD MEMBER	0.50	Director	$0	$0	$0
PRADEEP KAPOOR	BOARD MEMBER	0.50	Director	$0	$0	$0
RANDY STODARD	BOARD MEMBER	0.50	Director	$0	$0	$0
RICK DABAGIAN	BOARD MEMBER	0.50	Director	$0	$0	$0
ROBIN CUNEO	BOARD MEMBER	0.50	Director	$0	$0	$0
SALLY ALTMAN	BOARD MEMBER	0.50	Director	$0	$0	$0
SARAH RUTHERFORD	BOARD MEMBER	0.50	Director	$0	$0	$0
SCOTT PORTER	CHAIR	0.50	Officer Director	$0	$0	$0
STEPHEN ORENCHUK	BOARD MEMBER	0.50	Director	$0	$0	$0
STEVE GOLDMAN	BOARD MEMBER	0.50	Director	$0	$0	$0
SUE SCIMONE-BELLINI	BOARD MEMBER	0.50	Director	$0	$0	$0
TOM ALLESSANDRELLO	BOARD MEMBER	0.50	Director	$0	$0	$0
TOM BRUINOOGE	BOARD MEMBER	0.50	Director	$0	$0	$0
TOM EASTWICK	BOARD MEMBER	0.50	Director	$0	$0	$0
KATHERINE WYSOKOWSKI	BOARD MEMBER	0.50	Director	$0	$0	$0
BILL HELLER	BOARD MEMBER	0.50	Director	$0	$0	$0
MATT KOCH	BOARD MEMBER	0.50	Director	$0	$0	$0
CHRIS LAMBO	BOARD MEMBER	0.50	Director	$0	$0	$0
BRENDA LAPADAT	BOARD MEMBER	0.50	Director	$0	$0	$0
NINA LARSON	BOARD MEMBER	0.50	Director	$0	$0	$0
RONNA MARCHELLO	BOARD MEMBER	0.50	Director	$0	$0	$0
DENNIS MIKULA	BOARD MEMBER	0.50	Director	$0	$0	$0
SARAH PENA	BOARD MEMBER	0.50	Director	$0	$0	$0
CHRIS SCHIFANO	BOARD MEMBER	0.50	Director	$0	$0	$0
EYDIE SHAPIRO	BOARD MEMBER	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
2025	$2,313,060	$2,254,019	$1,943,301	$59,041
2024	$1,826,543	$1,805,963	$2,349,727	$20,580
2023	$1,742,472	$1,888,083	$1,697,377	$-145,611
2022	$1,573,539	$1,598,120	$1,366,254	$-24,581
2021	$1,687,807	$1,430,019	$1,527,679	$257,788
2020	$1,551,656	$1,443,249	$1,599,388	$108,407
2019	$1,831,013	$1,324,620	$1,597,689	$506,393
2018	$1,460,703	$1,350,932	$660,776	$109,771

MEADOWLANDS REGIONAL CHAMBER OF COMMERCE