CHAMBER OF COMMERCE OF HORNELL NEW YORK INC (EIN 160847479) - 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

1955

Legal Domicile

Principal Officer

MIKE NISBET

Phone

6073240310

Tax Period

2024-01-01 to 2024-12-31

CHAMBER OF COMMERCE OF HORNELL NEW YORK INC, founded in 1955, is a micro nonprofit that reported $81K in total revenue in fiscal year 2024. Revenue fell 79% from the prior year — a significant decline worth monitoring. Expenses of $115K exceeded revenue, resulting in a 43% operating deficit.

Mission

THE CHAMBER OF COMMERCE OF HORNELL, NEW YORK IS A NONPROFIT, ACTION-ORIENTED MEMBERSHIP ORGANIZATION OPERATING IN THE FIELDS OF ECONOMIC DEVELOPMENT, TRANSPORTATION PLANNING, GOVERNMENTAL AFFAIRS AND SMALL BUSINESS DEVELOPMENT TO ADVOCATE FOR LOCAL 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 (2024)

Revenue Breakdown

Contributions & Grants $74,293

Program Service Revenue $3,388

Investment Income $3,260

Other Revenue $0

TOTAL REVENUE $80,941

Expense Breakdown

Grants Paid $0

Salaries & Benefits $60,607

Fundraising Expenses $0

Program Expenses $75,860

Other Expenses $54,783

TOTAL EXPENSES $115,390

Year-over-Year Comparison

	2024	2023	Change
Revenue	$80,941	$381,107	-0.8%
Expenses	$115,390	$92,823	+0.2%
Net Income	$-34,449	$288,284	-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

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

$10,000

Total Directors

$10,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE DAVIDSON	CHAIRMAN	2.00	Officer Director	$0	$0	$0
ED FLAITZ	VICE CHAIRMAN	2.00	Officer Director	$0	$0	$0
JEREMY BITTEL	VICE CHAIRMAN	2.00	Officer Director	$0	$0	$0
TOM BEERS	SECRETARY/TREASURER	2.00	Officer Director	$0	$0	$0
MICHAEL NISBET	PRESIDENT	10.00	Officer Director	$10,000	$0	$10,000
BRETT AHRENS	DIRECTOR	2.00	Director	$0	$0	$0
DAVE PARMLEY	DIRECTOR	2.00	Director	$0	$0	$0
DR RICHARD ANDOLINA	DIRECTOR	2.00	Director	$0	$0	$0
JEREMY PALOTTI	DIRECTOR	2.00	Director	$0	$0	$0
ROBERT PEISHER	DIRECTOR	2.00	Director	$0	$0	$0
VALERIE SLAGHT	DIRECTOR	2.00	Director	$0	$0	$0
TRACY STILLMAN	DIRECTOR	2.00	Director	$0	$0	$0
TOM MATACLE	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL HUBRIC	DIRECTOR	2.00	Director	$0	$0	$0
MICHELLE POUGE	DIRECTOR	2.00	Director	$0	$0	$0
DAVE PALMA	DIRECTOR	2.00	Director	$0	$0	$0
KRISTOPH KOCAN	DIRECTOR	2.00	Director	$0	$0	$0
WENDY DISBROW	DIRECTOR	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	$80,941	$115,390	$443,167	$-34,449
2023	$381,107	$92,823	$478,058	$288,284

CHAMBER OF COMMERCE OF HORNELL NEW YORK INC