LAMBERTVILLE AREA CHAMBER OF COMMERCE

EIN: 222038168

LAMBERTVILLE, NJ

Total Revenue
$124,044
Total Expenses
$136,925
Total Assets
$31,513
Net Assets
$31,513
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1973
Legal Domicile
NJ
Phone
6099472977
Tax Period
2019-01-01 to 2019-12-31

LAMBERTVILLE AREA CHAMBER OF COMMERCE, founded in 1973, is a small nonprofit that reported $124K in total revenue in fiscal year 2019. Revenue fell 32% from the prior year — a significant decline worth monitoring. Expenses of $137K exceeded revenue, resulting in a 10% operating deficit.

Mission

OUR MISSION IS TO SUPPORT BUSINESS OWNERS THROUGH THE CREATION AND EXECUTION OF CONSUMER EVENTS, BUSINES PROGRAMS, CHARITABLE ENDEAVORS, AND EDUCATIONAL INITIATIVES THAT SUPPORT AND GROW ALL BUSINESSES IN THE RIVER TOWNS.

Program Service Accomplishments

Program 1
Expenses: $31,078 Revenue: $142,254

OUR INTERACTIVE WEBSITE PRODUCED WEEKLY NEWSLETTERS, THOUSANDS OF SOCIAL MEDIA POSTS MANY OF WHICH INCLUDED PHOTOS AND VIDEOS. THE WEBSITE ACHIEVED 87,000 VIEWS IN 2019. ACTIVELY PROMOTED THE RIVER...

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OUR INTERACTIVE WEBSITE PRODUCED WEEKLY NEWSLETTERS, THOUSANDS OF SOCIAL MEDIA POSTS MANY OF WHICH INCLUDED PHOTOS AND VIDEOS. THE WEBSITE ACHIEVED 87,000 VIEWS IN 2019. ACTIVELY PROMOTED THE RIVER TOWNS VIA FACEBOOK, INSTAGRAM, AND TWITTER. FACEBOOK, INSTAGRAM, AND TWITTER HAD OVER 69,000 USERS. PROMOTED MANY EVENTS THROUGH SPONSORED SOCIAL MEDIA POSTS TO TARGET VISITORS FROM NORTHERN NEW JERSEY, PHILADELPHIA, AND NEW YORK.

Program 2

HOSTED NUMEROUS COMMUNITY AND HOLIDAY EVENTS TO ATTRACT THOUSANDS OF VISITORS SUCH AS ARTS & ANTIQUES WEEKEND, HOLIDAY TREE LIGHTING AND PARADE, FOUR SUMMER FIREWORK DISPLAYS, PASSPORT PROGRAM...

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HOSTED NUMEROUS COMMUNITY AND HOLIDAY EVENTS TO ATTRACT THOUSANDS OF VISITORS SUCH AS ARTS & ANTIQUES WEEKEND, HOLIDAY TREE LIGHTING AND PARADE, FOUR SUMMER FIREWORK DISPLAYS, PASSPORT PROGRAM, RESTAURANT WEEK, BUSINESS NETWORKING EVENTS, SHAD FEST, AND TURKEY TROT.

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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 (2019)

Revenue Breakdown

Contributions & Grants $54,772
Program Service Revenue $0
Investment Income $0
Other Revenue $69,272
TOTAL REVENUE $124,044

Expense Breakdown

Grants Paid $0
Salaries & Benefits $50,108
Fundraising Expenses $26,995
Program Expenses $31,078
Other Expenses $86,817
TOTAL EXPENSES $136,925

Year-over-Year Comparison

2019 2018 Change
Revenue $124,044 $183,285 -0.3%
Expenses $136,925 $183,015 -0.3%
Net Income $-12,881 $270 -48.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
15
Independent Members
N/A
Employees
N/A
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
2
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SAM GRILLO BOARD MEMBER 3.00
Director
$0 $0 $0
WENDY KELLY BOARD MEMBER 2.00
Director
$0 $0 $0
LINDA SGHIATTI BOARD MEMBER 1.00
Director
$0 $0 $0
ELIANE TALEC BOARD MEMBER 5.00
Director
$0 $0 $0
HEATHER WALTER BOARD MEMBER 2.00
Director
$0 $0 $0
JANE WESBY BOARD MEMBER 1.00
Director
$0 $0 $0
BRYAN SCHREK BOARD MEMBER 1.00
Director
$0 $0 $0
LINDSAY SIRCHIO BOARD MEMBER 1.00
Director
$0 $0 $0
CAROLYN HOLDSWORTH PRESIDENT 5.00
Officer
$0 $0 $0
BETH JACPHEN TREASURER 2.00
Officer
$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
2019 $124,044 $136,925 $31,513 $-12,881
2018 $183,285 $183,015 $44,577 $270
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