Yates County Chamber of Commerce Inc

EIN: 160716060

Penn Yan, NY

Total Revenue
$807,159
Total Expenses
$789,596
Total Assets
$372,364
Net Assets
$357,849
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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
1995
Legal Domicile
NY
Principal Officer
Derek Stork
Tax Period
2023-01-01 to 2023-12-31

Yates County Chamber of Commerce Inc, founded in 1995, is a small nonprofit that reported $807K in total revenue in fiscal year 2023. Revenue surged 55% from the prior year, signaling strong growth momentum.

Mission

PROMOTES BUSINESS THROUGH PROGRAMS,SERVICES AND EVENTS; ADDRESSES CRITICAL COMMUNITY ISSUES AND ADVOCATES RESPONSIBLE ECONOMIC GROWTH BY BRINGING COMMUNITY LEADERS TOGETHER.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $635,348
Program Service Revenue $143,280
Investment Income $4,751
Other Revenue $23,780
TOTAL REVENUE $807,159

Expense Breakdown

Grants Paid $121,000
Salaries & Benefits $194,547
Fundraising Expenses $0
Program Expenses $789,596
Other Expenses $473,197
TOTAL EXPENSES $789,596

Year-over-Year Comparison

2023 2022 Change
Revenue $807,159 $520,128 +0.6%
Expenses $789,596 $656,751 +0.2%
Net Income $17,563 $-136,623 -1.1%
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

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Governance

Voting Members
16
Independent Members
16
Employees
5
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
6
$66,151
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jessica Bacher President & CEO 50.00
Officer
$66,151 $0 $66,151
Kyle Gifford Director 1.00
Director
$0 $0 $0
Christine Pyanoe Director 1.00
Director
$0 $0 $0
Natalie Travis Director 1.00
Director
$0 $0 $0
Leah Hodge Director 1.00
Director
$0 $0 $0
Kathy Waye Director 1.00
Director
$0 $0 $0
Kim Hughes Director 1.00
Director
$0 $0 $0
Philip Riehl Director 1.00
Director
$0 $0 $0
Natalie Payne Director 1.00
Director
$0 $0 $0
Kris Pearson Director 1.00
Director
$0 $0 $0
Marla Hedworth Director 1.00
Director
$0 $0 $0
Mary Zelanzy Vice-Chairman 1.00
Officer
$0 $0 $0
Derek Stork Chairman 2.00
Officer
$0 $0 $0
Tracey Knapp Immediate Past Chairman 1.00
Officer
$0 $0 $0
Brian Mosch Treasurer 2.00
Officer
$0 $0 $0
Nicole Folts Secretary 2.00
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 No data No data No data No data
2023 $807,159 $789,596 $372,364 $17,563
2022 $520,128 $656,751 $357,943 $-136,623
2021 $540,164 $471,592 $498,706 $68,572
2020 $485,864 $440,329 $434,290 $45,535
2019 $503,731 $482,015 $382,066 $21,716
2018 $549,665 $548,434 $363,248 $1,231
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