GREATER ASBURY PARK CHAMBER OF COMMERCE (EIN 222144484) - 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

Formation Year

2002

Legal Domicile

Phone

7327757676

Tax Period

2024-01-01 to 2024-12-31

GREATER ASBURY PARK CHAMBER OF COMMERCE, founded in 2002, is a small nonprofit that reported $196K in total revenue in fiscal year 2024. Revenue grew 20% year-over-year, indicating healthy expansion. The organization ran a surplus of $66K, a strong 34% operating margin.

Mission

Our mission, which is similar to traditional chambers of commerce, is to advocate, promote and support the success of the business community.

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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 $33,872

Program Service Revenue $0

Investment Income $0

Other Revenue $161,679

TOTAL REVENUE $195,551

Expense Breakdown

Grants Paid $0

Salaries & Benefits $91,321

Fundraising Expenses $0

Program Expenses $94,862

Other Expenses $38,487

TOTAL EXPENSES $129,808

Year-over-Year Comparison

	2024	2023	Change
Revenue	$195,551	$163,268	+0.2%
Expenses	$129,808	$161,234	-0.2%
Net Income	$65,743	$2,034	+31.3%

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

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

Total Directors

Key Employees

$82,303

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
SYLVIA SYLVIA-CIOFFI	EXECUTIVE DIRECTOR	Key Emp	$15,000	$0	$15,000
MATTHEW WHELAN	EXECUTIVE DIRECTOR	Key Emp	$56,103	$0	$56,103
EMMA SILVA	MARKETING & ADMIN	Key Emp	$11,200	$0	$11,200
CHRISTOPHER FEMIANO	PRESIDENT	Officer	$0	$0	$0
JENIFER STINE-SCHULMAN	1ST VICE PRESIDENT	Officer	$0	$0	$0
KRISTINA BANNON	2ND VICE PRESIDENT	Officer	$0	$0	$0
SUSAN PECKMAN	SECRETARY	Officer	$0	$0	$0
BRIAN CHERIPKA	TRUSTEE	Director	$0	$0	$0
DJ PRESTO	TRUSTEE	Director	$0	$0	$0
LARRY STEIN	TRUSTEE	Director	$0	$0	$0
THOMAS HAYES	TRUSTEE	Director	$0	$0	$0
LOU PARISI	TRUSTEE	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	$195,551	$129,808	$91,462	$65,743
2023	$163,268	$161,234	$33,816	$2,034
2022	$150,238	$166,643	$37,339	$-16,405
2021	$71,868	$94,411	$56,648	$-22,543
2020	$48,096	$73,580	No data	$-25,484
2019	$162,910	$306,292	No data	$-143,382
2018	$158,037	$169,306	No data	$-11,269

GREATER ASBURY PARK CHAMBER OF COMMERCE