HUNTERDON COUNTY CHAMBER OF COMMERCE FOUNDATION (EIN 462604491) - 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

2013

Legal Domicile

Principal Officer

CHRISTOPHER PHELAN

Phone

9087827115

Tax Period

2023-01-01 to 2023-12-31

HUNTERDON COUNTY CHAMBER OF COMMERCE FOUNDATION, founded in 2013, is a small nonprofit in the Community Improvement sector that reported $496K in total revenue in fiscal year 2023. Revenue surged 272% from the prior year, signaling strong growth momentum. The organization ran a surplus of $225K, a strong 45% operating margin.

Mission

THE GOALS OF THIS ORGANIZATION ARE TO ESTABLISH A CENTER FOR BUSINESS & ENTREPRENEURSHIP AND ALSO EFFECTIVELY FOCUSING THE SKILLS AND RESOURCES OF THE GREATER HUNTERDON COUNTY BUSINESS COMMUNITY THROUGH BUSINESS RESOURCES, ECONOMIC & WORKFORCE DEVELOPMENT, LEADERSHIP DEVELOPMENT, TOURISM, PHILANTHROPY, AND THE PROMOTION OF THE CIVIC, EDUCATIONAL, CULTURAL AND ECONOMIC INTEREST OF THE REGION.

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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 $448,785

Program Service Revenue $18,260

Investment Income $245

Other Revenue $28,300

TOTAL REVENUE $495,590

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $16,729

Program Expenses $217,568

Other Expenses $270,287

TOTAL EXPENSES $270,287

Year-over-Year Comparison

	2023	2022	Change
Revenue	$495,590	$133,355	+2.7%
Expenses	$270,287	$153,007	+0.8%
Net Income	$225,303	$-19,652	-12.5%

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

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AMY CONOVER	BOARD MEMBER	1.00	Director	$0	$0	$0
NICHOLAS PELLITTA ESQ	IMMEDIATE PA	1.00	Officer Director	$0	$0	$0
ROSEMARY FELLNER	BOARD MEMBER	1.00	Director	$0	$0	$0
EDWARD KUROWICKI	BOARD MEMBER	1.00	Director	$0	$0	$0
ELIZABETH LOEW	BOARD MEMBER	1.00	Director	$0	$0	$0
JANIS REGA	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMES ROBINSON	BOARD MEMBER	1.00	Director	$0	$0	$0
KAREN WIDICO	EXECUTIVE DI	1.00	Officer Director	$0	$0	$0
DANIEL JAMES WRIGHT	CHAIR	1.00	Officer Director	$0	$0	$0
CHRISTOPHER PHELAN	PRES./CEO/SE	15.00	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
2024	No data	No data	No data	No data
2023	$495,590	$270,287	$1,607,445	$225,303
2022	$133,355	$153,007	$1,425,597	$-19,652
2021	$178,178	$164,745	$1,487,018	$13,433
2020	$207,783	$162,649	$1,538,829	$45,134
2019	$158,968	$265,291	$1,151,824	$-106,323
2018	$113,928	$213,747	$1,186,170	$-99,819

HUNTERDON COUNTY CHAMBER OF COMMERCE FOUNDATION