RENSSELAER COUNTY REGIONAL CHAMBER OF COMMERCE INC

EIN: 141127090

TROY, NY

Total Revenue
$717,845
Total Expenses
$783,547
Total Assets
$1,586,349
Net Assets
$568,661
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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
1900
Legal Domicile
NY
Principal Officer
CHRIS LOSZYNSKI
Phone
5182747020
Tax Period
2023-01-01 to 2023-12-31

RENSSELAER COUNTY REGIONAL CHAMBER OF COMMERCE INC, founded in 1900, is a small nonprofit that reported $718K in total revenue in fiscal year 2023.

Mission

THE RENSSELAER COUNTY REGIONAL CHAMBER OF COMMERCE IS A BUSINESS, CIVIC AND ECONOMIC ALLIANCE THAT STRIVES TO ENHANCE THE ECONOMIC VITALITY OF RENSSELAER COUNTY AND THE NEIGHBORING GATEWAY COMMUNITIES OF COHOES, GREEN ISLAND, WATERFORD AND WATERVLIET. THE CHAMBER ALSO SEEKS TO IMPROVE THE QUALITY OF LIFE IN THE COMMUNITY FOR BOTH RESIDENTS AND 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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $611,841
Investment Income $219
Other Revenue $105,785
TOTAL REVENUE $717,845

Expense Breakdown

Grants Paid $0
Salaries & Benefits $388,946
Fundraising Expenses $0
Program Expenses $368,657
Other Expenses $394,601
TOTAL EXPENSES $783,547

Year-over-Year Comparison

2023 2022 Change
Revenue $717,845 $691,086 +0.0%
Expenses $783,547 $616,012 +0.3%
Net Income $-65,702 $75,074 -1.9%
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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Governance

Voting Members
29
Independent Members
29
Employees
11
Volunteers
16

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
2
$94,884
Total Directors
30
$94,884
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOE BONILLA BOARD MEMBER 1.00
Director
$0 $0 $0
ASHLEY CASTLE BOARD MEMBER 1.00
Director
$0 $0 $0
CHRISTOPHER CONWAY BOARD MEMBER 1.00
Director
$0 $0 $0
KATHARINE K DORAN CPA BOARD CHAIR 1.00
Director
$0 $0 $0
MARK DUFFY BOARD MEMBER 1.00
Director
$0 $0 $0
MIKE HAMEL TREASURER 1.00
Officer Director
$0 $0 $0
KENDRA HART BOARD CHAIR 1.00
Director
$0 $0 $0
RUSSELL HUTA BOARD MEMBER 1.00
Director
$0 $0 $0
CHRISTOPHER LOSZYNSKI BOARD CHAIR 1.00
Director
$0 $0 $0
KATHLEEN PINGELSKI BOARD CHAIR 1.00
Director
$0 $0 $0
ELIZABETH REISS BOARD MEMBER 1.00
Director
$0 $0 $0
STARLETTA R SMITH BOARD MEMBER 1.00
Director
$0 $0 $0
BRIAN J WILLIAMS BOARD CHAIR 1.00
Director
$0 $0 $0
KELLI ARNOLD BOARD MEMBER 1.00
Director
$0 $0 $0
RACHAEL E CAPO ESQ BOARD MEMBER 1.00
Director
$0 $0 $0
TIMOTHY KOSTO BOARD MEMBER 1.00
Director
$0 $0 $0
KIM BAKER BOARD MEMBER 1.00
Director
$0 $0 $0
CLAUDIA BUTLER BOARD MEMBER 1.00
Director
$0 $0 $0
JASON CHEVRIER BOARD MEMBER 1.00
Director
$0 $0 $0
BRYCE CUTLER BOARD CHAIR 1.00
Director
$0 $0 $0
BRENDA DICKINSON BOARD MEMBER 1.00
Director
$0 $0 $0
JOANMARIE DOWLING ESQ BOARD CHAIR 1.00
Director
$0 $0 $0
AAARON FAGAN BOARD MEMBER 1.00
Director
$0 $0 $0
PAUL KELLY BOARD MEMBER 1.00
Director
$0 $0 $0
DENNIS KENNEDY BOARD MEMBER 1.00
Director
$0 $0 $0
JAMES MONKS BOARD MEMBER 1.00
Director
$0 $0 $0
TOBI SAULNIER BOARD MEMBER 1.00
Director
$0 $0 $0
BOB SHEVY BOARD MEMBER 1.00
Director
$0 $0 $0
TARA WHITTLE BOARD MEMBER 1.00
Director
$0 $0 $0
NORRIS PEARSON PRESIDENT 40.00
Officer Director
$94,884 $0 $94,884
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 No data No data No data No data
2023 $717,845 $783,547 $1,586,349 $-65,702
2023 No data No data No data No data
2022 $691,086 $616,012 $1,750,504 $75,074
2021 $775,485 $701,512 $879,581 $73,973
2020 $680,472 $621,968 $800,924 $58,504
2019 $904,630 $849,297 $764,783 $55,333
2018 $868,907 $787,258 $693,422 $81,649
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