COOPERSTOWN CHAMBER OF COMMERCE

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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

1917

Legal Domicile

Principal Officer

ANDREW MARIETTA

Phone

6075479983

Tax Period

2024-01-01 to 2024-12-31

COOPERSTOWN CHAMBER OF COMMERCE, founded in 1917, is a small nonprofit that reported $126K in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. Expenses of $113K left a modest 10% surplus.

Mission

TO SERVE AS A RESOURCE AND CATALYST TO DEVELOP, PROMOTE, AND SUPPORT BUSINESS IN THE COOPERSTOWN AREA, WHILE ACTING AS AN AMBASSADOR ON BEHALF OF THE MEMBERSHIP. CHAMBER PROGRAMS FOSTER A DIVERSE BUSINESS CLIMATE, BENEFIT THE MEMBERSHIP, AND PROMOTE TOURISM.

Program Service Accomplishments

Program 1

EXPENSES FOR THE CHAMBERS PROGRAMS THAT CONTRIBUTE TO THE PROMOTION OF COOPERSTOWN AND COOPERSTOWNS BUSINESSES. EXAMPLES INCLUDE BUSINESS GUIDES, THE INTERNET BASED WEBSITE, PARADES, AND AN...

EXPENSES FOR THE CHAMBERS PROGRAMS THAT CONTRIBUTE TO THE PROMOTION OF COOPERSTOWN AND COOPERSTOWNS BUSINESSES. EXAMPLES INCLUDE BUSINESS GUIDES, THE INTERNET BASED WEBSITE, PARADES, AND AN INFORMATIONAL MAP OF LOCAL BUSINESSES.

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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 $96,214

Program Service Revenue $13,145

Investment Income $3

Other Revenue $16,377

TOTAL REVENUE $125,739

Expense Breakdown

Grants Paid $0

Salaries & Benefits $34,752

Fundraising Expenses $8,517

Other Expenses $77,887

TOTAL EXPENSES $112,639

Year-over-Year Comparison

	2024	2023	Change
Revenue	$125,739	$135,263	-0.1%
Expenses	$112,639	$143,549	-0.2%
Net Income	$13,100	$-8,286	-2.6%

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LYNETTE MOORE-WITTE	PRESIDENT	2.00	Director	$0	$0	$0
CASSANDRA HARRINGTON	CO-VICE PRESIDENT	2.00	Director	$0	$0	$0
SCOTT BARTON	CO-VICE PRESIDENT	2.00	Director	$0	$0	$0
CAITLIN OGDEN	SECRETARY	2.00	Director	$0	$0	$0
ANDREW MARIETTA	TREASURER	2.00	Director	$0	$0	$0
MARY EARL	BOARD MEMBER	2.00	Director	$0	$0	$0
PETER HOBAICA	BOARD MEMBER	2.00	Director	$0	$0	$0
JESS GORMAN	BOARD MEMBER	2.00	Director	$0	$0	$0
MOLLY HERNANDEZ	BOARD MEMBER	2.00	Director	$0	$0	$0
JESS LANZA	BOARD MEMBER	2.00	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	$125,739	$112,639	$193,674	$13,100
2023	$135,263	$143,549	$176,586	$-8,286
2022	$172,067	$163,544	$191,551	$8,523
2021	$158,145	$158,581	$226,934	$-436
2020	$166,914	$136,521	$201,199	$30,393
2019	$228,293	$174,071	$100,256	$54,222
2018	$200,516	$217,634	$55,746	$-17,118