THE WARREN AREA CHAMBER OF COMMERCE EDUCATION CIVIC & CULTURAL FOUNDATION (EIN 341670497) - 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

1991

Legal Domicile

Principal Officer

GUY COVIELLO

Phone

3307442131

Tax Period

2023-01-01 to 2023-12-31

THE WARREN AREA CHAMBER OF COMMERCE EDUCATION CIVIC & CULTURAL FOUNDATION, founded in 1991, is a micro nonprofit that reported $27K in total revenue in fiscal year 2023. Revenue fell 62% from the prior year — a significant decline worth monitoring. Expenses of $113K exceeded revenue, resulting in a 310% operating deficit.

Mission

TO PROMOTE EDUCATIONAL, CIVIC AND CULTURAL ENHANCEMENT IN TRUMBULL COUNTY, OHIO.

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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 (2023)

Revenue Breakdown

Contributions & Grants $457

Program Service Revenue $0

Investment Income $27,002

Other Revenue $0

TOTAL REVENUE $27,459

Expense Breakdown

Grants Paid $107,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $107,000

Other Expenses $5,698

TOTAL EXPENSES $112,698

Year-over-Year Comparison

	2023	2022	Change
Revenue	$27,459	$72,118	-0.6%
Expenses	$112,698	$88,610	+0.3%
Net Income	$-85,239	$-16,492	+4.2%

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

$106,427

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIC LANHAM	BOARD MEMBER	1.00	Director	$0	$0	$0
JASON ALTOBELLI	CHAIR	1.00	Officer Director	$0	$0	$0
DEBBI GRINSTEIN	TREASURER	1.00	Officer Director	$0	$0	$0
ALAN FRIEDKIN	VICE CHAIR	1.00	Officer Director	$0	$0	$0
KENNY HAIDARIS	BOARD MEMBER	1.00	Director	$0	$0	$0
MARVIN LOGAN	BOARD MEMBER	1.00	Director	$0	$0	$0
WENDY MILLER	BOARD MEMBER	1.00	Director	$0	$0	$0
PHIL O'HARA	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL MCGIFFIN	SECRETARY	1.00	Officer	$0	$24,635	$106,427

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	No data	No data	No data	No data
2023	$27,459	$112,698	$890,332	$-85,239
2022	$72,118	$88,610	$975,571	$-16,492
2021	$132,525	$62,430	$992,063	$70,095
2020	$160,175	$8,900	$921,968	$151,275
2019	$24,895	$35,538	$770,693	$-10,643
2018	$112,342	$22,693	$781,336	$89,649

THE WARREN AREA CHAMBER OF COMMERCE EDUCATION CIVIC & CULTURAL FOUNDATION