THE WARREN AREA CHAMBER OF COMMERCE EDUCATION CIVIC & CULTURAL FOUNDATION

EIN: 341670497 501(c)(3)

YOUNGSTOWN, OH

Total Revenue
$27,459
Total Expenses
$112,698
Total Assets
$890,332
Net Assets
$890,332
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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
OH
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.

Program Service Accomplishments

Program 1
Expenses: $107,000

CONTRIBUTIONS ARE MADE FROM TIME TO TIME TO VARIOUS EDUCATIONAL, CIVIC, AND CULTURAL ENTITIES IN ORDER TO PROMOTE AND ENHANCE THE WARREN, OHIO REGIONAL AREA.

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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 (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

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Governance

Voting Members
8
Independent Members
8
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
4
$106,427
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
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
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