EDISON PARK CHAMBER OF COMMERCE

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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

GEORGE MCCARTHY

Phone

7736310063

Tax Period

2024-01-01 to 2024-12-31

EDISON PARK CHAMBER OF COMMERCE, founded in 1986, is a small nonprofit that reported $229K in total revenue in fiscal year 2024. Revenue fell 26% from the prior year — a significant decline worth monitoring. Expenses of $270K exceeded revenue, resulting in a 18% operating deficit.

Mission

TO DRIVE ECONOMIC GROWTH AND PROSPERITY WITHIN OUR REGION BY CHAMPIONING LOCAL BUSINESSES THROUGH ADVOCACY, STRATEGIC NETWORKING, AND ACCESS TO ESSENTIAL RESOURCES -- FOSTERING A DYNAMIC AND RESILIENT BUSINESS COMMUNITY

Program Service Accomplishments

Program 1

Expenses: $104,947 Revenue: $4,501

THE EDISON PARK FEST - A THREE-DAY COMMUNITY EVENT ENCOMPASSING A DIVERSE ARRAY OF ATTRACTIONS, INCLUDING A BUSINESS EXPOSITION, ARTS AND CRAFTS DISPLAYS, A PARADE, LIVE ENTERTAINMENT, A DOG SHOW...

THE EDISON PARK FEST - A THREE-DAY COMMUNITY EVENT ENCOMPASSING A DIVERSE ARRAY OF ATTRACTIONS, INCLUDING A BUSINESS EXPOSITION, ARTS AND CRAFTS DISPLAYS, A PARADE, LIVE ENTERTAINMENT, A DOG SHOW, BINGO, RAFFLES, THE TASTE OF EDISON PARK, A CARNIVAL, AND VARIOUS GAMES. THE FESTIVAL SERVES AS A CATALYST FOR ECONOMIC DEVELOPMENT BY ATTRACTING VISITORS TO THE AREA AND HIGHLIGHTING THE OFFERINGS OF LOCAL BUSINESSES.

Program 2

COMMUNITY PROGRAMS - A DIVERSE RANGE OF INITIATIVES DESIGNED TO BENEFIT THE EDISON PARK COMMUNITY, INCLUDING EDISON PARK RESTAURANT WEEK, THE SUNDAY FUNDAY ST. PATRICK'S CELEBRATION, AND THE SANTA...

COMMUNITY PROGRAMS - A DIVERSE RANGE OF INITIATIVES DESIGNED TO BENEFIT THE EDISON PARK COMMUNITY, INCLUDING EDISON PARK RESTAURANT WEEK, THE SUNDAY FUNDAY ST. PATRICK'S CELEBRATION, AND THE SANTA EXPRESS HOLIDAY FESTIVAL. THESE EVENTS SERVE TO ENHANCE COMMUNITY ENGAGEMENT WHILE PROMOTING AND SUPPORTING LOCAL BUSINESSES THROUGHOUT THE AREA.

Program 3

PARKING DEVELOPMENT - OWN AND MANAGE TWO PARKING LOTS TO BE BENEFIT THE CORE BUSINESS DISTRICT OF THE COMMUNITY.

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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 $107,476

Program Service Revenue $102,521

Investment Income $0

Other Revenue $19,116

TOTAL REVENUE $229,113

Expense Breakdown

Grants Paid $0

Salaries & Benefits $93,075

Fundraising Expenses $0

Program Expenses $104,947

Other Expenses $176,864

TOTAL EXPENSES $269,939

Year-over-Year Comparison

	2024	2023	Change
Revenue	$229,113	$309,536	-0.3%
Expenses	$269,939	$294,872	-0.1%
Net Income	$-40,826	$14,664	-3.8%

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

200

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

$60,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JACKIE ADAMS	DIRECTOR	1.00	Director	$0	$0	$0
KELLY CLARK	SECRETARY	2.00	Officer Director	$0	$0	$0
DENNIS GANCARZ	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
DAN KIERES	DIRECTOR	1.00	Director	$0	$0	$0
LEWIS LUBURICH	DIRECTOR	1.00	Director	$0	$0	$0
GEORGE MCCARTHY	PRESIDENT	2.00	Officer Director	$0	$0	$0
ANTHONY MULLARKEY	DIRECTOR	1.00	Director	$0	$0	$0
KRISTI ROQUE	DIRECTOR	1.00	Director	$0	$0	$0
AUGUST GENOVESI	TREASURE	2.00	Officer Director	$0	$0	$0
KERRY CORSO	DIRECTOR	1.00	Director	$0	$0	$0
MATTHEW SKAGGS	DIRECTOR	1.00	Director	$0	$0	$0
SAM CHIAPPETTA	DIRECTOR	1.00	Director	$0	$0	$0
PATRICK TWARDAK	DIRECTOR	1.00	Director	$0	$0	$0
KATIE MCFADDEN	DIRECTOR	1.00	Director	$0	$0	$0
AMANDA HARRIS	EXECUTIVE DIRECTOR	40.00	Officer	$60,000	$0	$60,000

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
2025	No data	No data	No data	No data
2024	$229,113	$269,939	$600,137	$-40,826
2023	$309,536	$294,872	$635,871	$14,664
2022	$348,631	$254,066	$631,862	$94,565
2021	$269,173	$250,321	$577,970	$18,852
2020	$170,304	$234,166	$549,559	$-63,862
2019	$313,173	$312,168	$594,092	$1,005
2018	$321,601	$301,802	$624,936	$19,799