North Brooklyn Chamber of Commerce Inc (EIN 461128358) - 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

1930

Legal Domicile

Tax Period

2024-01-01 to 2024-12-31

North Brooklyn Chamber of Commerce Inc, founded in 1930, is a micro nonprofit in the Community Improvement sector that reported $51K in total revenue in fiscal year 2024. Revenue fell 93% from the prior year — a significant decline worth monitoring. Expenses of $148K exceeded revenue, resulting in a 189% operating deficit.

Mission

To unite, support, promote, and advocate for Bushwick, Greenpoint, and Williamsburg businesses. Our goal is to positively affect the communitys commercial landscape and help stimulate the local economy in North Brooklyn New York City

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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 $26,620

Program Service Revenue $0

Investment Income $24,731

Other Revenue $0

TOTAL REVENUE $51,351

Expense Breakdown

Grants Paid $0

Salaries & Benefits $84,000

Fundraising Expenses $0

Other Expenses $64,324

TOTAL EXPENSES $148,324

Year-over-Year Comparison

	2024	2023	Change
Revenue	$51,351	$788,578	-0.9%
Expenses	$148,324	$58,570	+1.5%
Net Income	$-96,973	$730,008	-1.1%

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

N/A

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

$84,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Paul R Samulski	President	10.00	Officer	$84,000	$0	$84,000
Kevin M Thompson	Treasurer	5.00	Officer	$0	$0	$0

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	$51,351	$148,324	$633,742	$-96,973
2023	$788,578	$58,570	$730,715	$730,008
2019	$63,572	$69,524	$22,350	$-5,952
2018	$104,041	$114,101	$28,302	$-10,060

North Brooklyn Chamber of Commerce Inc