GREATER BINGHAMTON CHAMBER OF COMMERCE (EIN 150245930) - 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

1964

Legal Domicile

Principal Officer

KEVIN BLAKE

Phone

6077728860

Tax Period

2024-01-01 to 2024-12-31

GREATER BINGHAMTON CHAMBER OF COMMERCE, founded in 1964, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2024. Expenses of $1.9M exceeded revenue, resulting in a 14% operating deficit.

Mission

THE CHAMBER'S MISSION IS TO SERVE AS THE PREMIER RESOURCE FOR BUSINESS DEVELOPMENT IN THE GREATER BINGHAMTON REGION BY SUPPORTING THE EXISTING LOCAL BUSINESS COMMUNITY AND ATTRACTING NEW BUSINESSES TO THE REGION THROUGH MEMBER-DRIVEN PROGRAMS AND SERVICES, INCLUDING THE DEVELOPMENT OF STRATEGIC COMMUNITY PARTNERSHIPS AND EFFECTIVE POLITICAL ADVOCACY.

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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 $89,203

Program Service Revenue $1,484,899

Investment Income $12,392

Other Revenue $32,129

TOTAL REVENUE $1,618,623

Expense Breakdown

Grants Paid $84,203

Salaries & Benefits $788,527

Fundraising Expenses $0

Other Expenses $979,078

TOTAL EXPENSES $1,851,808

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,618,623	$1,543,353	+0.0%
Expenses	$1,851,808	$1,890,539	0.0%
Net Income	$-233,185	$-347,186	-0.3%

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

200

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALISON DONNELLY	DIRECTOR	0.14	Director	$0	$0	$0
ANTHONY MAIONE	DIRECTOR	0.14	Director	$0	$0	$0
BRAD BENNETT	DIRECTOR	0.14	Director	$0	$0	$0
CAROLYN MANCINI	DIRECTOR	0.14	Director	$0	$0	$0
DAVID BONCZEK	DIRECTOR	0.14	Director	$0	$0	$0
DAVID SOBOTKA	DIRECTOR	0.14	Director	$0	$0	$0
JARED MACK	DIRECTOR	0.14	Director	$0	$0	$0
JENNIFER LUPO DESOUZA	DIRECTOR	0.14	Director	$0	$0	$0
JOHN M CARRIGG	DIRECTOR	0.14	Director	$0	$0	$0
JON SARRA	IMMEDIATE PAST CHAIRMAN	0.28	Officer Director	$0	$0	$0
KATHRYN CONNERTON	SECRETARY	0.28	Officer Director	$0	$0	$0
KEVIN BLAKE	CHAIRMAN	0.28	Officer Director	$0	$0	$0
KIRK GRAVELY	DIRECTOR	0.14	Director	$0	$0	$0
MARC NEWMAN	DIRECTOR	0.14	Director	$0	$0	$0
MELISSA KLINKO	DIRECTOR	0.14	Director	$0	$0	$0
MIKE VANBRUNT	DIRECTOR	0.14	Director	$0	$0	$0
NAIMA KRADJIAN	DIRECTOR	0.14	Director	$0	$0	$0
PATRICIA NILSEN	DIRECTOR	0.14	Director	$0	$0	$0
ROBERT DYKEMA	ASSISTANT TREASURER	0.28	Officer Director	$0	$0	$0
SCOTT KURKOSKI	TREASURER	0.28	Officer Director	$0	$0	$0
SCOTT WEISSMANN	DIRECTOR	0.14	Director	$0	$0	$0
SHEILA DOYLE	CHAIRMAN-ELECT	0.28	Officer Director	$0	$0	$0
TIM STRONG	DIRECTOR	0.14	Director	$0	$0	$0
TINA CASTANO	DIRECTOR	0.14	Director	$0	$0	$0
TONY HAWKINS	DIRECTOR	0.14	Director	$0	$0	$0
JESSICA COX	SECRETARY (PART YEAR)	0.28	Officer Director	$0	$0	$0
STACEY DUNCAN	PRESIDENT & CEO	40.00	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	$1,618,623	$1,851,808	$1,164,119	$-233,185
2023	$1,543,353	$1,890,539	$1,405,218	$-347,186
2022	$1,899,789	$1,642,999	$1,846,294	$256,790
2021	$1,519,097	$1,323,811	$1,583,769	$195,286
2020	$1,563,829	$1,479,206	$1,385,728	$84,623
2019	$1,890,323	$1,819,199	$1,333,797	$71,124
2018	$1,721,894	$1,788,686	$1,287,766	$-66,792

GREATER BINGHAMTON CHAMBER OF COMMERCE