Chambers Center For Well-Being LLC

EIN: 832620066 501(c)(3) Health Care

Morristown, NJ

Total Revenue
$1,458,526
Total Expenses
$2,886,247
Total Assets
N/A
Net Assets
$-5,609,492
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
NJ
Principal Officer
Michael Walter
Phone
9734512005
Tax Period
2023-01-01 to 2023-12-31

Chambers Center For Well-Being LLC, founded in 2018, is a community nonprofit in the Health Care sector that reported $1.5M in total revenue in fiscal year 2023. Revenue surged 62% from the prior year, signaling strong growth momentum. Expenses of $2.9M exceeded revenue, resulting in a 98% operating deficit.

Mission

The purpose of the Chambers Center for Well-Being LLC is to operate as an integrative medicine facility including physician consultations, nutrition, fitness, stress management, complementary treatment services and other charitable or educational services.

Program Service Accomplishments

Program 1
Expenses: $2,394,142 Revenue: $1,458,526

Operates the Chambers Center for Well-Being, an integrative medicine facility including physician consultation, nutrition, fitness, stress management and complementary treatment services.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,458,526
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,458,526

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,710,858
Fundraising Expenses $3,463
Program Expenses $2,394,142
Other Expenses $1,175,389
TOTAL EXPENSES $2,886,247

Year-over-Year Comparison

2023 2022 Change
Revenue $1,458,526 $902,752 +0.6%
Expenses $2,886,247 $2,221,052 +0.3%
Net Income $-1,427,721 $-1,318,300 +0.1%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
4
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
6
$20,786,109
Total Directors
4
$12,515,879
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Brian Gragnolati President & CEO 2.00
Officer Director
$0 $1,137,448 $9,510,516
Nichell Sumpter EVP-Chief Administrative O 2.00
Officer Director
$0 $243,678 $1,813,884
Julia Walker VP-Corp Legal Services 2.00
Officer Director
$0 $59,992 $541,679
Christopher Zipp DO Trustee 2.00
Officer Director
$0 $41,303 $649,800
Michael Walter SVP-Chief Financial Office 2.00
Officer
$0 $137,577 $1,108,761
Kevin Lenahan EVP-Chief Business & Strat 2.00
Officer
$0 $406,954 $7,161,469
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 $1,458,526 $2,886,247 No data $-1,427,721
2022 $902,752 $2,221,052 No data $-1,318,300
2021 $713,235 $2,066,601 No data $-1,353,366
2020 $300,815 $1,648,320 No data $-1,347,505
Explore More Nonprofits
→Top 100 Nonprofits in New Jersey →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare Chambers Center For Well-Being LLC with other nonprofits in New Jersey and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.