Greater Elizabeth Chamber of Commerce

EIN: 223499687 Community Improvement

Elizabeth, NJ

Total Revenue
$354,102
Total Expenses
$302,321
Total Assets
$303,411
Net Assets
$288,225
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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
1999
Legal Domicile
NJ
Phone
9083557600
Tax Period
2024-01-01 to 2024-12-31

Greater Elizabeth Chamber of Commerce, founded in 1999, is a small nonprofit in the Community Improvement sector that reported $354K in total revenue in fiscal year 2024. Revenue decreased 18% compared to the prior year. Expenses of $302K left a modest 15% surplus.

Mission

Promote the cultural, economic, social, civic, commercial, industrial, education, employment interest and business development of its members, the City of Elizabeth and the surrounding communities.

Program Service Accomplishments

Program 1
Expenses: $209,463 Revenue: $0

Promote the cultural, economic, social, civil, commercial, industrial, educational, employment interest and business development of its members, the City of Elizabeth and the surrounding communities,

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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 (2024)

Revenue Breakdown

Contributions & Grants $157,685
Program Service Revenue $182,329
Investment Income $3,187
Other Revenue $10,901
TOTAL REVENUE $354,102

Expense Breakdown

Grants Paid $0
Salaries & Benefits $140,178
Fundraising Expenses $0
Program Expenses $209,463
Other Expenses $162,143
TOTAL EXPENSES $302,321

Year-over-Year Comparison

2024 2023 Change
Revenue $354,102 $429,865 -0.2%
Expenses $302,321 $289,913 +0.0%
Net Income $51,781 $139,952 -0.6%
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

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Governance

Voting Members
23
Independent Members
23
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
9
$137,376
Total Directors
23
$137,376
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jennifer Costa President 2.00
Officer Director
$137,376 $0 $137,376
Gordon F Hass President Emeritus 2.00
Director
$0 $0 $0
Matthew Beyerstedt Chairperson of the Board 2.00
Officer Director
$0 $0 $0
Micheal Collettie Treasurer 2.00
Officer Director
$0 $0 $0
William Holzapfel Secretary 2.00
Officer Director
$0 $0 $0
Stepen Hehl Vice Chairperson 2.00
Officer Director
$0 $0 $0
Lisa Hiscano Vice Chairperson 2.00
Officer Director
$0 $0 $0
Carmine Liotta Vice Chairperson 2.00
Officer Director
$0 $0 $0
Carmen Rivera Vice Chairperson 2.00
Officer Director
$0 $0 $0
Michael Santos Vice Chairperson 2.00
Officer Director
$0 $0 $0
Ingrid Andrade Member 2.00
Director
$0 $0 $0
Giovanni Antonuccio Member 2.00
Director
$0 $0 $0
Mary Arias Member 2.00
Director
$0 $0 $0
Miguel Carvalho Member 2.00
Director
$0 $0 $0
Andrew Chorney Member 2.00
Director
$0 $0 $0
Nadine Clark Member 2.00
Director
$0 $0 $0
Nany DiLiegro Member 2.00
Director
$0 $0 $0
Paul Grande Member 2.00
Director
$0 $0 $0
Michael Lamberty Member 2.00
Director
$0 $0 $0
Curtis Myers Member 2.00
Director
$0 $0 $0
Joyce Powers Member 2.00
Director
$0 $0 $0
Raymond Rivera Member 2.00
Director
$0 $0 $0
Jin Wang Member 2.00
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
2024 $354,102 $302,321 $303,411 $51,781
2023 $429,865 $289,913 $252,215 $139,952
2022 $254,496 $374,322 $240,024 $-119,826
2021 $328,189 $203,098 $258,415 $125,091
2020 $192,407 $150,307 $138,122 $42,100
2019 $359,592 $383,724 $110,998 $-24,132
2018 $330,929 $341,650 $134,352 $-10,721
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