SARATOGA COUNTY CHAMBER OF COMMERC… - Form 990 Financial Data

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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

1918

Legal Domicile

Principal Officer

TODD SHIMKUS

Phone

5185843255

Tax Period

2024-01-01 to 2024-12-31

SARATOGA COUNTY CHAMBER OF COMMERCE INC, founded in 1918, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2024. Revenue fell 21% from the prior year — a significant decline worth monitoring.

Mission

TO PRESERVE, ENHANCE AND ADVANCE COMMERCIAL, INDUSTRIAL, AGRICULTURAL, RECREATIONAL, YOUTH, CIVIC, CULTURAL AND GENERAL INTEREST OF THE POLITICAL SUBDIVISIONS AND GEOGRAPHICAL LOCATIONS WHERE ITS MEMBERS ARE LOCATED; TO PROMOTE AND EXPAND THE TRADE, INDUSTRY, TOURISM, CULTURAL PURSUITS AND THE PUBLIC WELFARE OF SARATOGA COUNTY, NEW YORK, SO AS TO EXPAND THE INCOME POTENTIAL OF ALL BUSINESSES LOCATED THEREIN; AND INCREASE THE FUNCTIONAL AND AESTHETIC VALUES OF THE COMMUNITY AND TO PREVENT CONTROVERSIES WHICH ARE DETRIMENTAL TO EXPANSION AND GROWTH OF BUSINESS IN THE COMMUNITY OR TO ADJUST THEM IF THEY SHOULD ARISE.

Program Service Accomplishments

Program 1

Expenses: $994,437 Revenue: $1,341,748

CHAMBER SERVICES ARE FOCUSED ON PROMOTING LOCAL BUSINESSES AND NONPROFITS ACROSS SARATOGA COUNTY AND HELPING THEM TO SUCCEED, GROW, AND THRIVE.

Program 2

Expenses: $7,000

PROMOTE SARATOGA COUNTY AS A GREAT PLACE TO VISIT WITH A TARGET MARKET OF LEISURE TRAVELERS PREDOMINANTLY FROM 100 TO 300 MILES AWAY. HOSPITALITY SECTOR IS THE SECOND LARGEST INDUSTRY IN SARATOGA...

PROMOTE SARATOGA COUNTY AS A GREAT PLACE TO VISIT WITH A TARGET MARKET OF LEISURE TRAVELERS PREDOMINANTLY FROM 100 TO 300 MILES AWAY. HOSPITALITY SECTOR IS THE SECOND LARGEST INDUSTRY IN SARATOGA COUNTY SO THE SUCCESS OF THIS PROMOTION IS VITAL TO LOCAL BUSINESSES AND THE COUNTY'S 235,000 RESIDENTS.

Program 3

Expenses: $54,227 Revenue: $5,000

LEADERSHIP SARATOGA IS A PROGRAM THAT HELPS LOCAL INDIVIDUALS TO LEARN ABOUT SARATOGA COUNTY AND TO BECOME BETTER VOLUNTEER LEADERS WHICH HELPS DOZENS OF NONPROFITS SERVING A RANGE OF NEEDS IN...

LEADERSHIP SARATOGA IS A PROGRAM THAT HELPS LOCAL INDIVIDUALS TO LEARN ABOUT SARATOGA COUNTY AND TO BECOME BETTER VOLUNTEER LEADERS WHICH HELPS DOZENS OF NONPROFITS SERVING A RANGE OF NEEDS IN SARATOGA COUNTY.

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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 $36,500

Program Service Revenue $1,330,362

Investment Income $5,328

Other Revenue $4,406

TOTAL REVENUE $1,376,596

Expense Breakdown

Grants Paid $0

Salaries & Benefits $870,297

Fundraising Expenses $0

Program Expenses $1,055,664

Other Expenses $482,636

TOTAL EXPENSES $1,352,933

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,376,596	$1,731,642	-0.2%
Expenses	$1,352,933	$1,876,725	-0.3%
Net Income	$23,663	$-145,083	-1.2%

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

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

$240,703

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SUE COMMANDA	DIRECTOR	0.30	Director	$0	$0	$0
HEATH AMES	DIRECTOR	0.30	Director	$0	$0	$0
TOM BELLHOUSE	DIRECTOR	0.30	Director	$0	$0	$0
TERRI STRIPLING	DIRECTOR	0.30	Director	$0	$0	$0
MICHAEL O'CONNELL	DIRECTOR	0.30	Director	$0	$0	$0
MAGGIE FRONK	DIRECTOR	0.30	Director	$0	$0	$0
NIL GHOSHAL	DIRECTOR	0.30	Director	$0	$0	$0
ALEXANDRA GUTELIUS	DIRECTOR	0.30	Director	$0	$0	$0
MATT CUDEMO	DIRECTOR	0.30	Director	$0	$0	$0
MELISSA JOHNSON	DIRECTOR	0.30	Director	$0	$0	$0
DENNIS KIINGATI	DIRECTOR	0.30	Director	$0	$0	$0
VINCE LAURENZO	DIRECTOR	0.30	Director	$0	$0	$0
PAUL LOOMIS	DIRECTOR	0.30	Director	$0	$0	$0
CHRIS LYONS	DIRECTOR	0.30	Director	$0	$0	$0
JOHN ROGAN	DIRECTOR	0.30	Director	$0	$0	$0
DAVID ROSENBERG	DIRECTOR	0.30	Director	$0	$0	$0
ANDREA LITCHFIELD	DIRECTOR	0.30	Director	$0	$0	$0
NAJJA THOMPSON	DIRECTOR	0.30	Director	$0	$0	$0
JILL VAN KUREN	DIRECTOR	0.30	Director	$0	$0	$0
DAN GRAHAM	DIRECTOR	0.30	Director	$0	$0	$0
MELISSA WARD	DIRECTOR	0.30	Director	$0	$0	$0
ANDY WISE	DIRECTOR	0.30	Director	$0	$0	$0
AMY SMITH	CHAIR	1.00	Officer Director	$0	$0	$0
CHAD KIESOW	CHAIR ELECT	1.00	Officer Director	$0	$0	$0
RANDY METEVIER	VICE CHAIR	1.00	Officer Director	$0	$0	$0
ERIC HENNESSEY	TREASURY/SECRETARY	1.00	Officer Director	$0	$0	$0
TARA ANNE PLEAT	IMMEDIATE PAST CHAIR	1.00	Officer Director	$0	$0	$0
TUCKER BONOW	DIRECTOR	0.30	Director	$0	$0	$0
TODD SHIMKUS	PRESIDENT	50.00	Officer	$205,699	$35,004	$240,703
GREG DIXON	CHIEF STRATEGY OFFICER	40.00	Highest	$127,985	$9,652	$137,637

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	$1,376,596	$1,352,933	$1,636,689	$23,663
2023	$1,731,642	$1,876,725	$1,406,240	$-145,083
2022	$1,717,700	$1,825,008	$1,548,914	$-107,308
2021	$1,778,807	$1,539,330	$1,641,952	$239,477
2020	$1,582,023	$1,639,341	$1,376,941	$-57,318
2019	$1,770,441	$1,783,991	$1,405,998	$-13,550
2018	$1,711,567	$1,775,974	$1,347,252	$-64,407

SARATOGA COUNTY CHAMBER OF COMMERCE INC