HUDSON VALLEY GATEWAY CHAMBER OF COMMERCE

EIN: 131701133

PEEKSKILL, NY

Total Revenue
$221,314
Total Expenses
$216,488
Total Assets
$599,358
Net Assets
$569,083
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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
1915
Legal Domicile
NY
Principal Officer
CAROLE VOISEY
Phone
9147373600
Tax Period
2022-07-01 to 2023-06-30

HUDSON VALLEY GATEWAY CHAMBER OF COMMERCE, founded in 1915, is a small nonprofit that reported $221K in total revenue in fiscal year 2022. Revenue decreased 10% compared to the prior year. Net assets of $569K represent 31 months of operating reserves.

Mission

LOCAL ORGANIZATION FOR SMALL 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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $114,475
Program Service Revenue $37,339
Investment Income $4,545
Other Revenue $64,955
TOTAL REVENUE $221,314

Expense Breakdown

Grants Paid $0
Salaries & Benefits $129,951
Fundraising Expenses $0
Other Expenses $86,537
TOTAL EXPENSES $216,488

Year-over-Year Comparison

2022 2021 Change
Revenue $221,314 $247,012 -0.1%
Expenses $216,488 $221,065 0.0%
Net Income $4,826 $25,947 -0.8%
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
20
Independent Members
20
Employees
3
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
15
$0
Key Employees
1
$19,685
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CAROLE J VOISEY EXECUTIVE DIRECTOR 040.00
Key Emp Highest
$19,685 $0 $19,685
KISH MELWANI DIRECTOR 000.30
Director
$0 $0 $0
ELLEN BLOOM DIRECTOR 000.30
Director
$0 $0 $0
BETH GRUBER DIRECTOR AT LARGE 000.50
Director
$0 $0 $0
CYNTHIA LIPPOLIS DIRECTOR AT LARGE 000.50
Director
$0 $0 $0
JANN MIRCHANDANI DIRECTOR 000.30
Director
$0 $0 $0
KECIA PALMER-COUSINS DIRECTOR 000.30
Director
$0 $0 $0
JOHN VAN DEKKER DIRECTOR 000.30
Director
$0 $0 $0
VIVIAN MCKENZIE DIRECTOR 000.30
Director
$0 $0 $0
MARK FRANZOSO DIRECTOR 000.30
Director
$0 $0 $0
DAVID SCHEPPERLY DIRECTOR 000.30
Director
$0 $0 $0
ROGER CAMPOS DIRECTOR 000.30
Director
$0 $0 $0
MARION HENSON DIRECTOR 000.30
Director
$0 $0 $0
CYNTHIA B KNOX DIRECTOR AT LARGE 000.50
Director
$0 $0 $0
MARY FOSTER DIRECTOR 000.30
Director
$0 $0 $0
JIM CREIGHTON DIRECTOR 000.30
Director
$0 $0 $0
MARIANNE OROS IMMEDIATE PAST CHAIR 000.50
Officer
$0 $0 $0
LISA MONTALTO CHAIRPERSON 001.50
Officer
$0 $0 $0
TIM WARN VICE CHAIR PERSON 001.50
Officer
$0 $0 $0
MAUREEN WHELAN TREASURER 010.00
Officer
$0 $0 $0
JUSTIN WINGENROTH SECRETARY 001.50
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 No data No data No data No data
2023 $221,314 $216,488 $599,358 $4,826
2022 $247,012 $221,065 $576,756 $25,947
2021 $332,953 $213,865 $555,512 $119,088
2020 $248,321 $271,740 $503,212 $-23,419
2019 $234,037 $287,790 $570,334 $-53,753
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