FULTON MONTGOMERY REGIONAL CHAMBER OF COMMERCE INC

EIN: 140697900

GLOVERSVILLE, NY

Total Revenue
$563,117
Total Expenses
$500,211
Total Assets
$482,602
Net Assets
$206,019
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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
1922
Legal Domicile
NY
Principal Officer
ANNE BOLES
Phone
5187250641
Tax Period
2024-01-01 to 2024-12-31

FULTON MONTGOMERY REGIONAL CHAMBER OF COMMERCE INC, founded in 1922, is a small nonprofit that reported $563K in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $500K left a modest 11% surplus.

Mission

THE CHAMBER SUPPORTS OUR MEMBERS AND OUR REGION AS A PARTNER FOR BUSINESS, WORKFORCE AND TOURISM DEVELOPMENT.

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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 $233,837
Program Service Revenue $273,360
Investment Income $0
Other Revenue $55,920
TOTAL REVENUE $563,117

Expense Breakdown

Grants Paid $4,475
Salaries & Benefits $293,263
Fundraising Expenses $0
Program Expenses $375,785
Other Expenses $202,473
TOTAL EXPENSES $500,211

Year-over-Year Comparison

2024 2023 Change
Revenue $563,117 $521,397 +0.1%
Expenses $500,211 $489,771 +0.0%
Net Income $62,906 $31,626 +1.0%
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
18
Independent Members
18
Employees
11
Volunteers
40

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
$75,340
Total Directors
18
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANNE BOLES EXECUTIVE DI 35.00
Officer
$75,340 $0 $75,340
ELIZABETH BRIDGE DIRECTOR 1.00
Director
$0 $0 $0
SETH BROWN DIRECTOR 1.00
Director
$0 $0 $0
ASHLEY CAPOBIANCO DIRECTOR 1.00
Director
$0 $0 $0
CHRISTIE DAVIS DIRECTOR 1.00
Director
$0 $0 $0
ASHLEY DELANEY DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL DIMEZZA DIRECTOR 1.00
Director
$0 $0 $0
JANINE DYKEMAN DIRECTOR 1.00
Director
$0 $0 $0
RYAN FAVILLE DIRECTOR 1.00
Director
$0 $0 $0
RYAN HECK DIRECTOR 1.00
Director
$0 $0 $0
COLLEEN IOELE-DECRISTOFARO DIRECTOR 1.00
Director
$0 $0 $0
DAVID JANKOWSKI TREASURER 1.00
Officer Director
$0 $0 $0
PETER LAWRENCE DIRECTOR 1.00
Director
$0 $0 $0
CARL MARUCCI SECRETARY 1.00
Officer Director
$0 $0 $0
JEFFREY METHVEN VICE CHAIR 1.00
Officer Director
$0 $0 $0
MATT OSSENFORT DIRECTOR 1.00
Director
$0 $0 $0
GEOFF PECK CHAIR 1.00
Officer Director
$0 $0 $0
MICHAEL SCHAUS DIRECTOR 1.00
Director
$0 $0 $0
JANET STANLEY DIRECTOR 1.00
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 $563,117 $500,211 $482,602 $62,906
2023 $521,397 $489,771 $298,065 $31,626
2022 $974,079 $979,129 $270,678 $-5,050
2021 $918,001 $901,309 $270,781 $16,692
2020 $714,107 $773,375 $273,631 $-59,268
2018 $761,339 $755,745 $226,758 $5,594
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