LAKE GEORGE REGIONAL CHAMBER OF COMMERCE (EIN 141271072) - Form 990 Financial Analysis & Trantor Score

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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

1952

Legal Domicile

Phone

5186685755

Tax Period

2024-10-01 to 2025-09-30

LAKE GEORGE REGIONAL CHAMBER OF COMMERCE, founded in 1952, is a small nonprofit that reported $435K in total revenue in fiscal year 2024. Revenue fell 39% from the prior year — a significant decline worth monitoring.

Mission

TO PROMOTE BUSINESS AND COMMUNITY GROWTH AND DEVELOPMENT WHILE PRESERVING THE COMPETITIVE ENTERPRISE SYSTEM OF BUSINESS BY CREATING A BETTER UNDERSTANDING ANS APPRECIATION OF THE IMPORTANCE OF BUSINESS PEOPLE AND A CONCERN FOR THEIR PROBLEMS.

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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 $292,735

Program Service Revenue $142,268

Investment Income $48

Other Revenue $0

TOTAL REVENUE $435,051

Expense Breakdown

Grants Paid $0

Salaries & Benefits $261,719

Fundraising Expenses $0

Other Expenses $190,196

TOTAL EXPENSES $469,452

Year-over-Year Comparison

	2024	2023	Change
Revenue	$435,051	$709,300	-0.4%
Expenses	$469,452	$813,640	-0.4%
Net Income	$-34,401	$-104,340	-0.7%

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

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

Total Directors

Key Employees

$111,595

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GINA MINTZER	EXEC DIRECTOR	40.00	Key Emp Highest	$111,595	$0	$111,595
VINCENT CROCITTO III	PRES	8.00	Officer Director	$0	$0	$0
TYLER HERRICK	1ST VP	5.00	Officer Director	$0	$0	$0
JANICE FOX	2ND VP	5.00	Officer Director	$0	$0	$0
GARY THORNQUIST	SECTY	8.00	Officer Director	$0	$0	$0
LAURA KOHLS	TREAS	8.00	Officer 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
2025	$435,051	$469,452	$164,733	$-34,401
2024	$709,300	$813,640	$210,880	$-104,340
2023	$1,349,890	$1,220,586	$431,690	$129,304
2022	$1,182,054	$1,331,163	$280,843	$-149,109
2021	$1,331,718	$1,218,983	$453,930	$112,735
2020	$1,420,900	$1,253,700	$304,283	$167,200
2019	$1,325,794	$1,334,311	$175,342	$-8,517
2018	$710,463	$685,179	$141,713	$25,284

LAKE GEORGE REGIONAL CHAMBER OF COMMERCE