SARATOGA COUNTY CHAMBER OF COMMERCE INC

EIN: 140558213

SARATOGA SPRINGS, NY

Total Revenue
$1,376,596
Total Expenses
$1,352,933
Total Assets
$1,636,689
Net Assets
$1,078,562
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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
NY
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

FOSTERING TRADE AND COMMERCE

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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 $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

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Governance

Voting Members
27
Independent Members
27
Employees
7
Volunteers
50

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
$240,703
Total Directors
28
$0
Key Employees
0
$0
Highest Compensated
1
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
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