GREATER WATERTOWN-NORTH COUNTRY CHAMBER OF COMMERCE INC (EIN 150486030) - 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

1903

Legal Domicile

Principal Officer

KAYLA JAMIESON

Phone

3157884400

Tax Period

2023-01-01 to 2023-12-31

GREATER WATERTOWN-NORTH COUNTRY CHAMBER OF COMMERCE INC, founded in 1903, is a small nonprofit that reported $265K in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year. Expenses of $356K exceeded revenue, resulting in a 34% operating deficit.

Mission

CONTINUALLY INCREASE THE ECONOMIC STRENGTH AND QUALITY OF LIFE IN THE REGION BY HELPING MEMBERS GROW AND PROSPER BY SUPPORTING EXISTING BUSINESSES, AND BY ASSISTING IN ATTRACTING AND DEVELOPING NEW BUSINESS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $80,641

Program Service Revenue $235,293

Investment Income $-51,678

Other Revenue $974

TOTAL REVENUE $265,230

Expense Breakdown

Grants Paid $0

Salaries & Benefits $159,852

Fundraising Expenses $0

Program Expenses $247,879

Other Expenses $196,398

TOTAL EXPENSES $356,250

Year-over-Year Comparison

	2023	2022	Change
Revenue	$265,230	$296,299	-0.1%
Expenses	$356,250	$361,581	0.0%
Net Income	$-91,020	$-65,282	+0.4%

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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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

$69,784

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LAURIE PODVIN	DIRECTOR	1.00	Director	$0	$0	$0
ALLISON CARLOS	CHAIR OF THE BOARD	5.00	Officer Director	$0	$0	$0
JENNIFER VOSS	1ST VICE CHAIR	5.00	Officer Director	$0	$0	$0
MAX DELSIGNORE	2ND VICE CHAIR	5.00	Officer Director	$0	$0	$0
MCKENZEE FISK-KAMIDE	DIRECTOR	1.00	Director	$0	$0	$0
MEGAN STADLER	DIRECTOR	1.00	Director	$0	$0	$0
MARK THOMPSON	DIRECTOR	1.00	Director	$0	$0	$0
STEVE BRADLEY	DIRECTOR	1.00	Director	$0	$0	$0
SONJA DRAUGHT	DIRECTOR	1.00	Director	$0	$0	$0
MARSHALL WEIR	SECRETARY/TREASURER	5.00	Officer Director	$0	$0	$0
TOM CARMAN	DIRECTOR	1.00	Director	$0	$0	$0
SHANE SIMSER	DIRECTOR	1.00	Director	$0	$0	$0
TRISHA HOWELL	DIRECTOR	1.00	Director	$0	$0	$0
STEPHANIE SUTTON	DIRECTOR	1.00	Director	$0	$0	$0
DOUG DIER	DIRECTOR	1.00	Director	$0	$0	$0
BYRON PERRY	IMMEDIATE PAST CHAIR	5.00	Officer Director	$0	$0	$0
KAYLA JAMIESON	PRESIDENT & CEO	40.00	Officer	$62,744	$7,040	$69,784

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	$265,230	$356,250	$378,516	$-91,020
2022	$296,299	$361,581	$396,397	$-65,282
2022	$296,299	$351,960	$396,397	$-55,661
2021	$432,754	$352,087	$438,181	$80,667
2020	$327,642	$309,258	$416,505	$18,384
2019	$453,342	$456,702	$277,411	$-3,360
2018	$422,112	$455,069	$293,042	$-32,957

GREATER WATERTOWN-NORTH COUNTRY CHAMBER OF COMMERCE INC