LAKE PLACID CHAMBER OF COMMERCE INC

EIN: 141354120

LAKE PLACID, NY

Total Revenue
$5,236,462
Total Expenses
$5,826,820
Total Assets
$3,372,824
Net Assets
$2,565,556
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1950
Legal Domicile
NY
Principal Officer
NICK POLITI
Phone
5185232445
Tax Period
2023-01-01 to 2023-12-31

LAKE PLACID CHAMBER OF COMMERCE INC, founded in 1950, is a community nonprofit that reported $5.2M in total revenue in fiscal year 2023. Revenue fell 32% from the prior year — a significant decline worth monitoring. Expenses of $5.8M exceeded revenue, resulting in a 11% operating deficit.

Mission

TOURISM DESTINATION PROMOTION AND BUSINESS DEVELOPMENT.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $134,220
Program Service Revenue $5,006,326
Investment Income $-548
Other Revenue $96,464
TOTAL REVENUE $5,236,462

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,484,489
Fundraising Expenses $0
Program Expenses $5,310,219
Other Expenses $3,342,331
TOTAL EXPENSES $5,826,820

Year-over-Year Comparison

2023 2022 Change
Revenue $5,236,462 $7,661,865 -0.3%
Expenses $5,826,820 $7,112,067 -0.2%
Net Income $-590,358 $549,798 -2.1%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
16
Independent Members
16
Employees
42
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
5
$0
Total Directors
15
$0
Key Employees
1
$216,102
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMES B MCKENNA CHIEF EXEC. 35.00
Key Emp
$216,102 $0 $216,102
KAREN JUDGE DALTON DIRECTOR 1.50
Director
$0 $0 $0
STEPHANIE DEZALIA DIRECTOR 1.50
Director
$0 $0 $0
MARC GALVIN TREASURER 3.00
Officer Director
$0 $0 $0
JOSEPH GEHM DIRECTOR 1.50
Director
$0 $0 $0
CHARLES GRUNDON DIRECTOR 1.50
Director
$0 $0 $0
JODI GUNTHER DIRECTOR 1.50
Director
$0 $0 $0
LISA HESS-MARKS DIRECTOR 1.50
Director
$0 $0 $0
MARK JESSIE DIRECTOR 1.50
Director
$0 $0 $0
LESLIE KARASIN DIRECTOR 1.50
Director
$0 $0 $0
JAMES LEMONS DIRECTOR 1.50
Director
$0 $0 $0
HILLARIE LOGAN-DECHENE SECRETARY 2.00
Officer Director
$0 $0 $0
NICK POLITI CHAIR 5.00
Officer Director
$0 $0 $0
CHANDLER RALPH VICE CHAIR 2.00
Officer Director
$0 $0 $0
MARIANNE RAPPLE DIRECTOR 1.50
Director
$0 $0 $0
MATT STANLEY DIRECTOR 1.50
Director
$0 $0 $0
GARRICK SMITH TREASURER 1.50
Officer
$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 No data No data No data No data
2023 $5,236,462 $5,826,820 $3,372,824 $-590,358
2022 $7,661,865 $7,112,067 $5,409,263 $549,798
2021 $6,938,582 $5,806,075 $4,857,333 $1,132,507
2020 $4,558,213 $3,715,066 $3,082,521 $843,147
2019 $4,921,794 $5,021,611 $1,055,464 $-99,817
2018 $4,825,037 $4,791,318 $985,434 $33,719
Explore More Nonprofits
→Top 100 Nonprofits in New York →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare LAKE PLACID CHAMBER OF COMMERCE INC with other nonprofits in New York and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.