GREECE REGIONAL CHAMBER OF COMMERC… - 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

1986

Legal Domicile

Principal Officer

JOE ROBACH

Phone

5852277272

Tax Period

2023-07-01 to 2024-06-30

GREECE REGIONAL CHAMBER OF COMMERCE INC, founded in 1986, is a small nonprofit that reported $208K in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year. Expenses of $255K exceeded revenue, resulting in a 23% operating deficit.

Mission

TO PROVIDE INFORMATION TO THE GREECE COMMUNITY THROUGH PUBLICATIONS, PROMOTIONS, AND MARKETING. THE CHAMBER CONCENTRATES ON MEMBERSHIP, ECONOMIC PROSPERITY, ORGANIZATIONAL IMAGE AND IMPACT, AND ORGANIZATIONAL EFFECTIVENESS.THE ORGANIZATION ALSO PROVIDES HEALTH AND DENTAL INSURANCE TO ITS MEMBERS. PREMIUMS ARE BILLED TO THE ORGANIZATION AND THEN RE-BILLED TO MEMBERS AS A PASS-THROUGH. THE ORGANIZATION RECEIVES COMPENSATION IN THE FORM OF AN ADMINISTRATIVE FEE FOR THIS SERVICE.

Program Service Accomplishments

Program 1

TO PROVIDE INFORMATION TO THE GREECE COMMUNITY THROUGH PUBLICATIONS, PROMOTIONS, AND MARKETING. THE CHAMBER CONCENTRATES ON MEMBERSHIP, ECONOMIC PROSPERITY, ORGANIZATIONAL IMAGE AND IMPACT, AND...

Program 2

THE ORGANIZATION ALSO PROVIDES HEALTH, DENTAL AND VISION INSURANCE TO ITS MEMBERS. HEALTHCARE PREMIUMS ARE BILLED TO THE MEMBERS THROUGH A THIRD-PARTY VENDOR. PREMIUMS FOR DENTAL AND VISION INSURANCE ARE BILLED TO THE MEMBERS BY THE CHAMBER. THE ORGANIZATION RECEIVES COMPENSATION IN THE FORM OF AN ADMINISTRATIVE FEE.

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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 $0

Program Service Revenue $203,450

Investment Income $2,326

Other Revenue $1,800

TOTAL REVENUE $207,576

Expense Breakdown

Grants Paid $0

Salaries & Benefits $171,582

Fundraising Expenses $0

Other Expenses $83,499

TOTAL EXPENSES $255,081

Year-over-Year Comparison

	2023	2022	Change
Revenue	$207,576	$224,335	-0.1%
Expenses	$255,081	$214,389	+0.2%
Net Income	$-47,505	$9,946	-5.8%

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

Total Directors

$89,530

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID PEROTTO	IMMEDIATE PAST CHAIR	2.00	Officer Director	$0	$0	$0
ANTHONY ARIOLA	BOARD MEMBER	1.00	Director	$0	$0	$0
EUGENE WELCH ESQ	CHAIR	2.00	Officer Director	$0	$0	$0
MICHAEL TORNATORE	BOARD MEMBER	1.00	Director	$0	$0	$0
MATT WEINRICH	BOARD MEMBER	1.00	Director	$0	$0	$0
LENORA PAIGE	SECRETARY	1.00	Officer Director	$0	$0	$0
THOMAS DAMBRA	BOARD VICE CHAIR	1.00	Officer Director	$0	$0	$0
DR ADINA JUCAN	BOARD MEMBER	1.00	Director	$0	$0	$0
TERESA MANISCALCO	BOARD MEMBER	1.00	Director	$0	$0	$0
MARIA SCALISE	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN ADAMS	TREASURER	2.00	Officer Director	$0	$0	$0
SAMANTHA KNATAITIS	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHELLE SCIPIONI	BOARD MEMBER	1.00	Director	$0	$0	$0
A CHRISTINA BREEN-HALE	BOARD MEMBER	1.00	Director	$0	$0	$0
SARAH LENTINI	PRESIDENT & CEO (UNTIL MAR. 2024)	1.00	Director	$86,436	$3,094	$89,530
JOE ROBACH	PRESIDENT & CEO	40.00	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
2025	No data	No data	No data	No data
2024	$207,576	$255,081	$110,973	$-47,505
2023	$224,335	$214,389	$189,524	$9,946
2022	$264,545	$214,029	$177,477	$50,516
2021	$222,253	$253,090	$252,109	$-30,837
2020	$258,345	$228,317	$233,290	$30,028
2019	$340,775	$267,101	$207,241	$73,674
2018	$1,780,402	$1,799,015	$496,250	$-18,613

GREECE REGIONAL CHAMBER OF COMMERCE INC