Kenmore-Town of Tonawanda Chamber of Commerce

EIN: 222551380

Kenmore, NY

Total Revenue
$229,481
Total Expenses
$182,589
Total Assets
$92,217
Net Assets
$65,287
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1972
Legal Domicile
NY
Principal Officer
Catherine Piciulo
Phone
7168741202
Tax Period
2021-01-01 to 2021-12-31

Kenmore-Town of Tonawanda Chamber of Commerce, founded in 1972, is a small nonprofit that reported $229K in total revenue in fiscal year 2021. Revenue surged 157% from the prior year, signaling strong growth momentum. The organization ran a surplus of $47K, a strong 20% operating margin.

Mission

The Kenmore-Town of Tonawanda Chamber of Commerce, Inc is organized to advance the general welfare and prosperity of the Kenmore-Town of Tonawanda trading area so that its citizens and all areas of its business community shall prosper. All necessary means of promotion shall be provided and particular attention and emphasis shall be given to the economic, civic, commercial, cultural, industrial, and educational interests of the trading area.

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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 (2021)

Revenue Breakdown

Contributions & Grants $91,185
Program Service Revenue $100,000
Investment Income $51
Other Revenue $38,245
TOTAL REVENUE $229,481

Expense Breakdown

Grants Paid $0
Salaries & Benefits $86,658
Fundraising Expenses $30,415
Program Expenses $120,420
Other Expenses $95,931
TOTAL EXPENSES $182,589

Year-over-Year Comparison

2021 2020 Change
Revenue $229,481 $89,456 +1.6%
Expenses $182,589 $79,465 +1.3%
Net Income $46,892 $9,991 +3.7%
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

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Governance

Voting Members
13
Independent Members
13
Employees
1
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
5
$78,491
Total Directors
13
$78,491
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Catherine Piciulo President & CEO 40.00
Officer Director
$78,491 $0 $78,491
Jonathan Jasinski Chairman 1.00
Officer Director
$0 $0 $0
Bob Gilmour Vice Chairman 1.00
Officer Director
$0 $0 $0
David Stinner Treasurer 1.00
Officer Director
$0 $0 $0
Colleen Burke Secretary 1.00
Officer Director
$0 $0 $0
Jessica Marinez Board Member 1.00
Director
$0 $0 $0
Andrew Croisdale Board Member 1.00
Director
$0 $0 $0
Nina Heard Board Member 1.00
Director
$0 $0 $0
Barbara Olsafsky Board Member 1.00
Director
$0 $0 $0
David Miller Board Member 1.00
Director
$0 $0 $0
Jim Bower Board Member 1.00
Director
$0 $0 $0
Carl Szarek Board Member 1.00
Director
$0 $0 $0
Jim Millard Board Member 1.00
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
2021 $229,481 $182,589 $92,217 $46,892
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