GREATER SMITHTOWN CHAMBER OF COMMERCE

EIN: 113030977

SMITHTOWN, NY

Total Revenue
$167,551
Total Expenses
$179,929
Total Assets
$36,178
Net Assets
$16,449
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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
1961
Legal Domicile
NY
Phone
6319798069
Tax Period
2024-01-01 to 2024-12-31

GREATER SMITHTOWN CHAMBER OF COMMERCE, founded in 1961, is a small nonprofit that reported $168K in total revenue in fiscal year 2024. Revenue decreased 5% compared to the prior year.

Mission

TO MAKE SMITHTOWN ATTRACTIVE TO RESIDENTS, PROMOTE BUSINESS IN THE AREA AND MAINTAIN A CLOSE WORKING RELATIONSHIP WITH VILLAGE AND TOWN OFFICIALS, SCHOOL BOARDS AND CIVIC ORGANIZATIONS

Program Service Accomplishments

Program 1
Expenses: $153,312

ON DEMAND INFORMATION TO ANY ORGANIZATION OR INDIVIDUAL ABOUT SMITHTOWN, ITS BUSINESSES, SCHOOLS, DEMOGRAPHY, RECREATION AND PERTINENT FACTS. PROVIDE PAMPHLETS ABOUT EMERGENCY TELEPHONE NUMBERES FOR...

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ON DEMAND INFORMATION TO ANY ORGANIZATION OR INDIVIDUAL ABOUT SMITHTOWN, ITS BUSINESSES, SCHOOLS, DEMOGRAPHY, RECREATION AND PERTINENT FACTS. PROVIDE PAMPHLETS ABOUT EMERGENCY TELEPHONE NUMBERES FOR DRUG AND ALCOHOL PROBLEMS, MAPS, GUIDES, RESTAURANTS, PHYSICIANS, TOWN BOOKLETS AND RELOCATION KITS.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $96,436
Program Service Revenue $0
Investment Income $492
Other Revenue $70,623
TOTAL REVENUE $167,551

Expense Breakdown

Grants Paid $0
Salaries & Benefits $104,923
Fundraising Expenses $0
Program Expenses $153,312
Other Expenses $75,006
TOTAL EXPENSES $179,929

Year-over-Year Comparison

2024 2023 Change
Revenue $167,551 $176,445 -0.1%
Expenses $179,929 $168,485 +0.1%
Net Income $-12,378 $7,960 -2.6%
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

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Governance

Voting Members
11
Independent Members
11
Employees
2
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
5
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BARBARA FRANCO EXECUTIVE DIRECTOR 40.00
Director
$0 $0 $0
AYMAN AWAD PAST PRESIDENT 2.00
Director
$0 $0 $0
JOHN ZOLLO DIRECTOR 2.00
Director
$0 $0 $0
PAUL MASTROROCCO DIRECTOR 2.00
Director
$0 $0 $0
STACY MURASKIN DIRECTOR 2.00
Director
$0 $0 $0
WILLIAM MAYNARD DIRECTOR 2.00
Director
$0 $0 $0
SUSAN HUGHES SECRETARY 2.00
Officer Director
$0 $0 $0
JEFF TROIANO PRESIDENT 2.00
Officer Director
$0 $0 $0
MARY ELLEN MCCROSSEN 1ST VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
KATHY ALBRECHT TREASURER 2.00
Officer Director
$0 $0 $0
TONY CLEMENTE 2ND VICE PRESIDENT 2.00
Officer Director
$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 $167,551 $179,929 $36,178 $-12,378
2023 $176,445 $168,485 $54,396 $7,960
2022 $151,821 $182,822 $24,844 $-31,001
2021 $60,349 $52,964 $55,845 $7,385
2021 $124,828 $108,709 $67,388 $16,119
2020 $117,550 $129,765 $50,408 $-12,215
2019 $153,184 $155,033 $44,556 $-1,849
2018 $150,575 $156,734 $48,337 $-6,159
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