PHILA CHAPT FRENCH-AMERICAN CHAMBE… - 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

1989

Legal Domicile

Phone

2159390028

Tax Period

2024-01-01 to 2024-12-31

PHILA CHAPT FRENCH-AMERICAN CHAMBER OF COMMERCE IN US INC, founded in 1989, is a small nonprofit that reported $175K in total revenue in fiscal year 2024.

Mission

THE FRENCH-AMERICAN CHAMBER OF COMMERCE (FACC-PHILADELPHIA) IS AN INDEPENDENT BI-NATIONAL, NON-PROFIT, MEMBERSHIP ORGANIZATION. OUR MISSION IS TO FOSTER A THRIVING ECONOMIC RELATIONSHIP BETWEEN THE UNITED STATES AND FRANCE AND TO WELCOME AND SUPPORT FRENCH BUSINESSES, ENTREPRENEURS, AND PROFESSIONALS IN PENNSYLVANIA, DELAWARE, AND SOUTHERN NEW JERSEY. TO ACHIEVE THIS OBJECTIVE: WE ENCOURAGE THE SALE OF GOODS AND SERVICES BETWEEN BOTH COUNTRIES AND STRIVE TO PROMOTE BETTER INTERNATIONAL UNDERSTANDING; WE COOPERATE WITH VARIOUS FRENCH AND U.S. GOVERNMENTAL AND ECONOMIC AGENCIES, DIPLOMATIC AND CONSULAR AGENTS, AND OTHER ASSOCIATIONS IN FRANCE AND THE U.S. THAT PURSUE SIMILAR GOALS; WE ARE COMMITTED TO PROVIDING THE HIGHEST LEVEL OF SERVICE FOR OUR MEMBERS AND TO SERVING THE UNIQUE INTERESTS OF OUR MEMBERSHIP; WE FACILITATE INTERACTION BETWEEN OUR MEMBERS IN ORDER TO FOSTER EXCELLENT FRENCH-AMERICAN BUSINESS RELATIONS WITHIN THE U.S. AND WITH FRANCE.

Program Service Accomplishments

Program 1

VARIOUS PROGRAMS TO EDUCATE AND PROVIDE NETWORKING OPPORTUNITIES TO PROMOTE US-FRENCH BUSINESS. 350 MEMBERS PLUS APPROXIMATELY 650 NON-MEMBER CONTACTS INVITED WITH 20-100 ATTENDING EACH PROGRAM.

Program 2

COMMUNICATIONS: E-NEWSLETTER AND WEBSITE PROVIDE TRADE AND BUSINESS RESOURCES AND CONTACTS. NEWSLETTER IS DISTRIBUTED TO 350 MEMBERS AND APPROXIMATELY 650 NON-MEMBER CONTACTS.

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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 $0

Program Service Revenue $174,305

Investment Income $689

Other Revenue $0

TOTAL REVENUE $174,994

Expense Breakdown

Grants Paid $0

Salaries & Benefits $125,771

Fundraising Expenses $0

Program Expenses $0

Other Expenses $46,916

TOTAL EXPENSES $172,687

Year-over-Year Comparison

	2024	2023	Change
Revenue	$174,994	$163,247	+0.1%
Expenses	$172,687	$163,653	+0.1%
Net Income	$2,307	$-406	-6.7%

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

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

$116,773

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BLANDINE CHANTEPIE-KARI	VICE PRESIDENT	1.0	Officer Director	$0	$0	$0
JEREMY HEEP ESQ	PRESIDENT EMERITUS	1.0	Officer Director	$0	$0	$0
Marie-Dominique Ortiz-Landazabal	SECRETARY	1.0	Officer Director	$0	$0	$0
MICHAEL MIGNOGNA CPA	TREASURER	1.0	Officer Director	$0	$0	$0
WILLIAM BURNS CPA	PRESIDENT	1.0	Officer Director	$0	$0	$0
ARMELLE COFFI CPA	BOARD MEMBER	0.5	Director	$0	$0	$0
ASHLEY BRINN ESQ	BOARD MEMBER	0.5	Director	$0	$0	$0
DAVID BRIEL	BOARD MEMBER	0.5	Director	$0	$0	$0
DOREEN BARON	BOARD MEMBER	0.5	Director	$0	$0	$0
JEAN-FRANCOIS PHELIZON PHD	BOARD MEMBER	0.5	Director	$0	$0	$0
JEFFREY SCHNEIDER	BOARD MEMBER	0.5	Director	$0	$0	$0
JOHN WALKER CPA	BOARD MEMBER	0.5	Director	$0	$0	$0
JONATHAN GRODE ESQ	BOARD MEMBER	0.5	Director	$0	$0	$0
LEEN AL-ALAMI ESQ	BOARD MEMBER	0.5	Director	$0	$0	$0
MARTY GARLAND CPA	BOARD MEMBER	0.5	Director	$0	$0	$0
MATT ADAMS	BOARD MEMBER	0.5	Director	$0	$0	$0
MICHAEL SCULLIN ESQ	BOARD MEMBER	0.5	Director	$0	$0	$0
OLIVIER DELABROY PHD	BOARD MEMBER	0.5	Director	$0	$0	$0
PATRICIA MCCARTHY	BOARD MEMBER	0.5	Director	$0	$0	$0
PETER TUCCI ESQ	BOARD MEMBER	0.5	Director	$0	$0	$0
PIERRE-OLIVIER LUGEZ	BOARD MEMBER	0.5	Director	$0	$0	$0
JUDITH UJOBAI	EXECUTIVE DIRECTOR	80.0	Officer	$95,000	$21,773	$116,773

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	$174,994	$172,687	$122,905	$2,307
2023	$163,247	$163,653	$121,649	$-406
2022	$198,945	$161,417	$123,627	$37,528
2021	$157,468	$155,431	$86,805	$2,037
2020	$170,908	$142,739	$84,262	$28,169
2019	$175,354	$214,143	$6,093	$-38,789

PHILA CHAPT FRENCH-AMERICAN CHAMBER OF COMMERCE IN US INC