NEW BRONX CHAMBER OF COMMERCE INC

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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

2002

Legal Domicile

Principal Officer

ANTHONY MORMILE

Phone

7188283900

Tax Period

2024-07-01 to 2025-06-30

NEW BRONX CHAMBER OF COMMERCE INC, founded in 2002, is a community nonprofit in the Community Improvement sector that reported $1.3M in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Expenses of $1.1M left a modest 12% surplus.

Mission

MEMBERSHIP MEETINGS AND EVENTS NETWORKING THE BUSINESS COMMUNITY AND ADDRESSING THE NEEDS OF THE COMMUNITY AND LOCAL BUSINESSES.

Program Service Accomplishments

Program 1

Expenses: $926,549

MEMBERSHIP MEETINGS AND NETWORKING THE BUSINESS COMMUNITY AND ADDRESSING THE NEEDS OF THE COMMUNITY AND LOCAL BUSINESSES.

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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 $1,191,432

Program Service Revenue $0

Investment Income $24,751

Other Revenue $93,629

TOTAL REVENUE $1,309,812

Expense Breakdown

Grants Paid $0

Salaries & Benefits $747,210

Fundraising Expenses $0

Program Expenses $926,549

Other Expenses $399,868

TOTAL EXPENSES $1,147,078

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,309,812	$1,398,101	-0.1%
Expenses	$1,147,078	$1,169,877	0.0%
Net Income	$162,734	$228,224	-0.3%

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

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

Total Directors

Key Employees

$190,500

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEVIN ALICEA	DIRECTOR	1.00	Director	$0	$0	$0
ALFREDO ANGUEIRA	DIRECTOR	1.00	Director	$0	$0	$0
CLARENCE LILDHARRIE	DIRECTOR	1.00	Director	$0	$0	$0
APRIL HORTON	DIRECTOR	1.00	Director	$0	$0	$0
JOHN CALVELLI	DIRECTOR	1.00	Director	$0	$0	$0
DR SUSAN BURNS	DIRECTOR	1.00	Director	$0	$0	$0
FRANCHESCA DIAZ	DIRECTOR	1.00	Director	$0	$0	$0
STEVEN SQUITIERI	DIRECTOR	1.00	Director	$0	$0	$0
IVAN GARCIA	DIRECTOR	1.00	Director	$0	$0	$0
EVE COLAVITO	DIRECTOR	1.00	Director	$0	$0	$0
RHONDA JAMES	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH GALITTO	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL MAX KNOBBE	DIRECTOR	1.00	Director	$0	$0	$0
NICOLE MCNULTY	DIRECTOR	1.00	Director	$0	$0	$0
DR FERNANDO DELGADO	DIRECTOR	1.00	Director	$0	$0	$0
JOHN MCEVOY	DIRECTOR	1.00	Director	$0	$0	$0
TARYN DUFFY	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT WALSH	DIRECTOR	1.00	Director	$0	$0	$0
KYLE MUNOZ	DIRECTOR	1.00	Director	$0	$0	$0
BARBARA SELESKY	DIRECTOR	1.00	Director	$0	$0	$0
CRALEY GARCIA	DIRECTOR	1.00	Director	$0	$0	$0
ADIL NAJIB	DIRECTOR	1.00	Director	$0	$0	$0
JEFFREY UNDERWEISER ESQ	LEGAL COUNSEL	5.00	Director	$0	$0	$0
MARYSOL RODRIGUEZ	DIRECTOR	1.00	Director	$0	$0	$0
YESENIA QUINONES	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN SMITH	DIRECTOR	1.00	Director	$0	$0	$0
ZODET NEGRON	DIRECTOR	1.00	Director	$0	$0	$0
JAMES QUENT	DIRECTOR	1.00	Director	$0	$0	$0
PHILLIP GRANT	VICE PRESIDENT	5.00	Officer	$0	$0	$0
JESSICA GONZALEZ	TREASURER	5.00	Officer	$0	$0	$0
JOHN BONIZIO	VICE PRESIDENT	5.00	Officer	$0	$0	$0
LIZ NEUMARK	VICE PRESIDENT	5.00	Officer	$0	$0	$0
GILBERT VEGA	VICE PRESIDENT	5.00	Officer	$0	$0	$0
KATHERINE ZAMESCHANSKY	VICE PRESIDENT	5.00	Officer	$0	$0	$0
JOANNA SIMONE	VICE PRESIDENT	5.00	Officer	$0	$0	$0
ELIZABETH FIGUEROA	SECRETARY	5.00	Officer	$0	$0	$0
STEPHEN JEROME	VICE PRESIDENT	5.00	Officer	$0	$0	$0
SANDRA ERICKSON	VICE PRESIDENT	5.00	Officer	$0	$0	$0
ANTHONY MORMILE	CHAIRMAN	10.00	Officer	$0	$0	$0
GREG GONZALEZ	VICE PRESIDENT	5.00	Officer	$0	$0	$0
MADELINE MARQUEZ	VICE CHAIRMAN	5.00	Officer	$0	$0	$0
LISA ALVARADO SORIN	PRESIDENT	40.00	Key Emp	$190,500	$0	$190,500

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	$1,309,812	$1,147,078	$1,495,499	$162,734
2024	$1,398,101	$1,169,877	$1,315,976	$228,224
2023	$1,425,032	$1,066,097	$1,088,251	$358,935
2022	$1,329,426	$966,945	$780,789	$362,481
2021	$665,408	$568,123	$388,690	$97,285
2020	$462,774	$460,140	$307,568	$2,634
2019	$566,167	$413,703	$272,435	$152,464
2018	$427,995	$540,390	$196,665	$-112,395