CHAMBER OF COMMERCE OF COLUMBIA COU

EIN: 141599033

HUDSON, NY

Total Revenue
$431,852
Total Expenses
$377,762
Total Assets
$270,321
Net Assets
$216,889
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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
1964
Legal Domicile
NY
Principal Officer
MARK FINGAR
Phone
5188284417
Tax Period
2024-01-01 to 2024-12-31

CHAMBER OF COMMERCE OF COLUMBIA COU, founded in 1964, is a small nonprofit that reported $432K in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $378K left a modest 13% surplus.

Mission

TO BE THE LEADING VOICE OF BUSINESS IN COUMBIA COUNTY PROVIDING ADVOCACY, PROMOTION, AND BENEFIT SOLUTIONS TO ITS MEMBERS.

Program Service Accomplishments

Program 1
Expenses: $288,364

TO BE THE LEADING VOICE OF BUSINESS IN COLUMBIA COUNTY PROVIDING ADVOCACY, PROMOTION, AND BENEFIT SOLUTIONS TO ITS MEMBERS.

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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 $0
Program Service Revenue $429,639
Investment Income $2,213
Other Revenue $0
TOTAL REVENUE $431,852

Expense Breakdown

Grants Paid $0
Salaries & Benefits $237,708
Fundraising Expenses $0
Program Expenses $377,762
Other Expenses $140,054
TOTAL EXPENSES $377,762

Year-over-Year Comparison

2024 2023 Change
Revenue $431,852 $381,688 +0.1%
Expenses $377,762 $365,738 +0.0%
Net Income $54,090 $15,950 +2.4%
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
18
Independent Members
18
Employees
6
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
11
$89,135
Total Directors
17
$89,135
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WILLIAM GERLACH EXECUTIVE DI 40.00
Officer Director
$89,135 $0 $89,135
MONTY BOPP DIRECTOR 2.00
Director
$0 $0 $0
MORGEN BOWERS DIRECTOR 2.00
Officer Director
$0 $0 $0
BETSY BRALEY DIRECTOR 2.00
Director
$0 $0 $0
ARICA COOPER DIRECTOR 2.00
Director
$0 $0 $0
CASEY WHITBECK CPA DIRECTOR 2.00
Officer Director
$0 $0 $0
MICHAEL A TORCHIA JR CPA TREASURER 10.00
Officer Director
$0 $0 $0
MARK FINGAR BOARD CHAIR 10.00
Officer Director
$0 $0 $0
PEGGY FISHER DIRECTOR 2.00
Director
$0 $0 $0
BETH HARRING DIRECTOR 2.00
Director
$0 $0 $0
BARBARA KLASSEN DIRECTOR 2.00
Officer Director
$0 $0 $0
KATHY KYME DIRECTOR 2.00
Officer Director
$0 $0 $0
MARTHA LANE SECRETARY 2.00
Officer Director
$0 $0 $0
MARY LAWRIE DIRECTOR 2.00
Director
$0 $0 $0
MARK TAYLOR VICE CHAIR 2.00
Officer Director
$0 $0 $0
DR VICTORIA WALSH TRUSTEE / DI 2.00
Officer Director
$0 $0 $0
JOCK WINCH DIRECTOR 2.00
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
2024 $431,852 $377,762 $270,321 $54,090
2023 $381,688 $365,738 $200,955 $15,950
2022 $414,796 $340,595 $221,554 $74,201
2021 $341,113 $276,827 $146,588 $64,286
2020 $256,920 $237,650 $222,607 $19,270
2019 $358,438 $357,777 $156,253 $661
2018 $353,886 $308,441 $152,818 $45,445
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