GREATER SPRING LAKE CHAMBER OF COMMERCE (EIN 223276292) - 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

1978

Legal Domicile

Principal Officer

GEORGE D'AMICO

Phone

7324490577

Tax Period

2024-10-01 to 2025-09-30

GREATER SPRING LAKE CHAMBER OF COMMERCE, founded in 1978, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $78K in total revenue in fiscal year 2024. The organization ran a surplus of $13K, a strong 16% operating margin.

Mission

THE ORGANIZATION WAS FORMED TO UNIFY MEMBERS OF THE BUSINESS COMMUNITY, TO SHARE AND EXCHANGE IDEAS, TO BETTER SERVE THE COMMUNITY THROUGH A UNIFIED EFFORT AND TO MUTUALLY SUPPORT AND COOPERATE WITH THE TOWN.

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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 $21,512

Program Service Revenue $0

Investment Income $0

Other Revenue $56,940

TOTAL REVENUE $78,452

Expense Breakdown

Grants Paid $690

Salaries & Benefits $26,225

Fundraising Expenses $0

Program Expenses $51,803

Other Expenses $38,836

TOTAL EXPENSES $65,751

Year-over-Year Comparison

	2024	2023	Change
Revenue	$78,452	$76,053	+0.0%
Expenses	$65,751	$77,378	-0.2%
Net Income	$12,701	$-1,325	-10.6%

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

$26,225

Total Directors

$26,225

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL INGALLS	PRESIDENT	1.00	Officer	$0	$0	$0
JERRY DELLA TORRE	FIRST VICE PRESIDENT	1.00	Officer	$0	$0	$0
CHARLES LUPO	SECOND VICE PRESIDENT	1.00	Officer	$0	$0	$0
JOHN CASAGRANDE	SECRETARY	1.00	Officer	$0	$0	$0
COLLEEN HARRINGTON	TREASURER	1.00	Director	$0	$0	$0
GEORGE D'AMICO	TRUSTEE	1.00	Director	$0	$0	$0
BORIS RABINOVICH	TRUSTEE	1.00	Director	$0	$0	$0
RICHARD CLAYTON	TRUSTEE	1.00	Director	$0	$0	$0
CHARLES GROSSO	TRUSTEE	1.00	Director	$0	$0	$0
MOYA RUSHE	TRUSTEE	1.00	Director	$0	$0	$0
JOSEPH VALENTINO	TRUSTEE	1.00	Director	$0	$0	$0
ELIZABETH CAPONE	EXECUTIVE DIRECTOR	10.00	Officer Director	$26,225	$0	$26,225

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	$78,452	$65,751	$26,260	$12,701
2024	$76,053	$77,378	$13,210	$-1,325
2023	$75,889	$83,892	$14,535	$-8,003
2022	$51,585	$58,316	$22,539	$-6,731
2021	$43,567	$36,001	$29,270	$7,566
2020	$48,268	$47,182	$21,129	$1,086

GREATER SPRING LAKE CHAMBER OF COMMERCE