THE WARREN AREA CHAMBER OF COMMERC… - 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

1986

Legal Domicile

Principal Officer

GUY COVIELLO

Phone

3307442131

Tax Period

2023-01-01 to 2023-12-31

THE WARREN AREA CHAMBER OF COMMERCE ECONOMIC DEVELOPMENT FOUNDATION INC, founded in 1986, is a micro nonprofit that reported $40K in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year. The organization ran a surplus of $36K, a strong 92% operating margin.

Mission

TO PROMOTE ECONOMIC DEVELOPMENT IN TRUMBULL COUNTY, OHIO.

Program Service Accomplishments

Program 1

GRANTS MADE TO THE YOUNGSTOWN WARREN REGIONAL CHAMBER OF COMMERCE FOUNDATION TO PROMOTE ECONOMIC DEVELOPMENT IN TRUMBULL COUNTY.

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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 $0

Program Service Revenue $0

Investment Income $39,799

Other Revenue $11

TOTAL REVENUE $39,810

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $3,374

TOTAL EXPENSES $3,374

Year-over-Year Comparison

	2023	2022	Change
Revenue	$39,810	$42,618	-0.1%
Expenses	$3,374	$3,428	0.0%
Net Income	$36,436	$39,190	-0.1%

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
SAM COVELLI	VICE CHAIR	1.00	Officer Director	$0	$0	$0
STEVE SAVA	BOARD MEMBER	1.00	Director	$0	$0	$0
STERLING WILLIAMS	BOARD MEMBER	1.00	Director	$0	$0	$0
MATTHEW BLAIR	TREASURER	1.00	Officer Director	$0	$0	$0
JESSE POTTER	BOARD MEMBER	1.00	Director	$0	$0	$0
SIMON WERLE	CHAIR	1.00	Officer Director	$0	$0	$0
DREW SCHNEIDER	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN MASTERNICK	BOARD MEMBER	1.00	Director	$0	$0	$0
ELLIE PLATT	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	$39,810	$3,374	$859,537	$36,436
2022	$42,618	$3,428	$823,101	$39,190
2021	$124,175	$104,692	$783,911	$19,483
2020	$188,146	$208,249	$764,428	$-20,103
2019	$15,314	$53,362	$784,531	$-38,048
2018	$113,013	$56,208	$822,579	$56,805

THE WARREN AREA CHAMBER OF COMMERCE ECONOMIC DEVELOPMENT FOUNDATION INC