MALONE CHAMBER OF COMMERCE

🔒

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

Financial Trends

Organization Details

Formation Year

1966

Legal Domicile

Principal Officer

BARRY ARMSTRONG

Phone

5184833760

Tax Period

2023-07-01 to 2024-06-30

MALONE CHAMBER OF COMMERCE, founded in 1966, is a micro nonprofit in the Community Improvement sector that reported $81K in total revenue in fiscal year 2023. Expenses of $94K exceeded revenue, resulting in a 15% operating deficit.

Mission

THE CHAMBER WORKS TO BRING VARIOUS EVENTS THAT WILL ATTRACT VISITORS TO THE AREA. THE CHAMBER ALSO SPONSORS LOCAL EVENTS, PROMOTES TOURISM AND EDUCATIONAL PROGRAMS.

Program Service Accomplishments

Program 1

BUSINESS PROMOTION/ MEMBER SERVICES

🔒

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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $81,482

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $81,482

Expense Breakdown

Grants Paid $0

Salaries & Benefits $39,357

Fundraising Expenses $19,537

Other Expenses $54,479

TOTAL EXPENSES $93,836

Year-over-Year Comparison

	2023	2022	Change
Revenue	$81,482	$80,317	+0.0%
Expenses	$93,836	$97,877	0.0%
Net Income	$-12,354	$-17,560	-0.3%

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

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
KATHY ALMOND	DIRECTOR	N/A	Director	$0	$0	$0
BARRY ARMSTRONG	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
GARY BROWN	MEMBER	N/A	Director	$0	$0	$0
COURTNEY COOPER	DIRECTOR	N/A	Director	$0	$0	$0
AMANDA DAY	DIRECTOR	N/A	Director	$0	$0	$0
HANAH FISHER	DIRECTOR	N/A	Director	$0	$0	$0
SHEILA HARGRAVE	EXECUTIVE AS	N/A	Officer Director	$0	$0	$0
ADAM ORAPALLO	DIRECTOR	N/A	Director	$0	$0	$0
ANNE RAVILLE	SECRETARY	N/A	Officer Director	$0	$0	$0
MARY SCHARF	PRESIDENT	N/A	Officer Director	$0	$0	$0
MARK WELLS	TREASURER	N/A	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
2025	No data	No data	No data	No data
2024	$81,482	$93,836	$32,421	$-12,354
2023	$80,317	$97,877	$51,135	$-17,560
2022	$77,315	$61,715	$72,936	$15,600
2021	$82,831	$52,627	$63,381	$30,204
2020	$66,728	$72,466	$33,740	$-5,738
2019	$70,703	$64,344	$36,401	$6,359