Greater Elizabeth Chamber of Commerce (EIN 223499687) - 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

1999

Legal Domicile

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.

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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 $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

Governance

Voting Members

Independent Members

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

$137,376

Total Directors

$137,376

Key Employees

Highest Compensated

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

Greater Elizabeth Chamber of Commerce