GENESEE COUNTY CHAMBER OF COMMERCE… - Form 990 Financial Data

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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

1961

Legal Domicile

Principal Officer

BRIAN COUSINS

Phone

5853437440

Tax Period

2023-01-01 to 2023-12-31

GENESEE COUNTY CHAMBER OF COMMERCE INC, founded in 1961, is a small nonprofit that reported $931K in total revenue in fiscal year 2023. Expenses of $1.0M exceeded revenue, resulting in a 10% operating deficit.

Mission

THE GENESEE COUNTY CHAMBER OF COMMERCE LEADS IN THE PURSUIT OF CREATING AN ENVIRONMENT FOR BUSINESS SUCCESS WHICH WILL ENHANCE THE QUALITY OF LIFE FOR THE CITIZENS OF GENESEE COUNTY. THE CHAMBER IS A NEW YORK STATE NOT-FOR-PROFIT CORPORATION DEDICATED TO PRESERVING THE COMPETITIVE FREE ENTERPRISE SYSTEM OF BUSINESS AND PROMOTING BUSINESS AND COMMUNITY PROGRESS AND DEVELOPMENT. THE CHAMBER IS COMMITTED TO PROMOTING TOURISM WITHIN THE COUNTY. INCLUDED IN THE CHAMBER ACTIVITIES ARE: LOW INTEREST LOANS TO BUSINESSES, WORKSHOPS, SEMINARS, EXPOSITIONS, PERIODIC ROUNDTABLES, ANNUAL MEETINGS, AND PROMOTIONS TARGETED TO EDUCATE AND IMPROVE THE BUSINESS CLIMATE IN THE COUNTY.

Program Service Accomplishments

Program 1

PROMOTION OF GENESEE COUNTY TOURISM, WHICH INCLUDES THE "I LOVE NY" MATCHING FUNDS PROGRAM, AND A GRANT RECEIVED FROM GENESEE COUNTY, BOTH OF WHICH ALLOW THE CHAMBER TO ADVERTISE AND PROMOTE BOTH...

PROMOTION OF GENESEE COUNTY TOURISM, WHICH INCLUDES THE "I LOVE NY" MATCHING FUNDS PROGRAM, AND A GRANT RECEIVED FROM GENESEE COUNTY, BOTH OF WHICH ALLOW THE CHAMBER TO ADVERTISE AND PROMOTE BOTH TOURISM AND BUSINESS IN GENESEE COUNTY.

Program 2

THE GENERAL PROGRAM IS ORGANIZED TO PRESERVE THE COMPETITIVE FREE ENTERPRISE SYSTEM OF BUSINESS AND PROMOTE BUSINESS AND COMMUNITY DEVELOPMENT.

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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 $644,983

Program Service Revenue $270,563

Investment Income $2,499

Other Revenue $13,089

TOTAL REVENUE $931,134

Expense Breakdown

Grants Paid $0

Salaries & Benefits $374,596

Fundraising Expenses $0

Other Expenses $651,486

TOTAL EXPENSES $1,026,082

Year-over-Year Comparison

	2023	2022	Change
Revenue	$931,134	$955,430	0.0%
Expenses	$1,026,082	$892,157	+0.2%
Net Income	$-94,948	$63,273	-2.5%

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

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

$75,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN WHITING	CHAIR	0.50	Officer Director	$0	$0	$0
JEREMY LILES	CHAIR - ELECT	0.50	Officer Director	$0	$0	$0
JOE FORSYTH	TREASURER	0.50	Officer Director	$0	$0	$0
JANICE JONES	SECRETARY	0.50	Officer Director	$0	$0	$0
MICKEY HYDE	IMMEDIATE PAST CHAIR	0.50	Officer Director	$0	$0	$0
DAN FISCHER	BOARD MEMBER	0.50	Director	$0	$0	$0
TAMMY HATHAWAY	BOARD MEMBER (HALF-YEAR)	0.50	Director	$0	$0	$0
PAUL GISTER	BOARD MEMBER	0.50	Director	$0	$0	$0
BETH KEMP	BOARD MEMBER	0.50	Director	$0	$0	$0
PATRICK MCGEE	BOARD MEMBER	0.50	Director	$0	$0	$0
JUSTIN KIPFER	BOARD MEMBER	0.50	Director	$0	$0	$0
PEGGY WEISSEND	BOARD MEMBER	0.50	Director	$0	$0	$0
BARBARA O'ROURKE	BOARD MEMBER	0.50	Director	$0	$0	$0
CHRIS DEVAY	BOARD MEMBER	0.50	Director	$0	$0	$0
RICHARD SUTHERLAND	BOARD MEMBER	0.50	Director	$0	$0	$0
BRIAN COUSINS	PRESIDENT	40.00	Director	$75,000	$0	$75,000
DAN IRELAND	BOARD MEMBER	0.50	Director	$0	$0	$0
KRISTINA RAFFA	BOARD MEMBER	0.50	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	No data	No data	No data	No data
2023	$931,134	$1,026,082	$1,317,838	$-94,948
2022	$955,430	$892,157	$1,318,450	$63,273
2021	$652,298	$670,421	$1,391,148	$-18,123
2020	$451,718	$546,320	$1,277,166	$-94,602
2019	$869,650	$940,868	$1,389,901	$-71,218
2018	$886,348	$950,659	$1,443,460	$-64,311

GENESEE COUNTY CHAMBER OF COMMERCE INC