GREATER ROCHESTER CHAMBER OF COMMERCE FOUNDATION INC

EIN: 161104636 501(c)(3) Education

ROCHESTER, NY

Total Revenue
$5,657,134
Total Expenses
$2,215,178
Total Assets
$5,363,513
Net Assets
$4,928,295
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1978
Legal Domicile
NY
Principal Officer
CHRISTYNE HUERTA
Phone
5852441800
Tax Period
2024-01-01 to 2024-12-31

GREATER ROCHESTER CHAMBER OF COMMERCE FOUNDATION INC, founded in 1978, is a community nonprofit in the Education sector that reported $5.7M in total revenue in fiscal year 2024. Revenue surged 286% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.4M, a strong 61% operating margin.

Mission

THE COMPANY'S PURPOSE IS TO:A. PROMOTE, SUPPLEMENT, AND ENRICH THE EDUCATION AND WELFARE OF STUDENTS IN THE ROCHESTER, NEW YORK AREA; B. PROMOTE, SUPPLEMENT, AND ENRICH THE STUDY OF SCIENCE AND MATHEMATICS BY HIGH SCHOOL AND JUNIOR HIGH SCHOOL STUDENTS IN THE ROCHESTER, NEW YORK AREA;C. PROVIDE TRAINING AND RELATED ASSISTANCE AND SUPPORTIVE SERVICE TO ADULT WORKERS, EMPLOYED, UNEMPLOYED, AND UNEMPLOYABLE PERSONS, INCLUDING THOSE FROM ECONOMICALLY DISADVANTAGED AREAS OF MONROE COUNTY, IN ORDER TO INCREASE THEIR SELF-SUFFICIENCY, IMPROVE WORK COMPETENCIES, AND MAXIMIZE JOB OPPORTUNITIES; ANDD. SUPPORT THE CHARITABLE ACTIVITIES OF OTHER ORGANIZATIONS AND COMMUNITY INITIATIVES THAT PROMOTE ECONOMIC DEVELOPMENT IN THE GREATER ROCHESTER AREA OF NEW YORK.

Program Service Accomplishments

Program 1
Expenses: $54,950 Revenue: $155,599

TRAINING: PROMOTE, SUPPLEMENT AND ENRICH WORKFORCE TRAINING OF REGIONAL EMPLOYEES. (192 INDIVIDUALS, 114 COMPANIES SERVED)

Program 2
Expenses: $1,928,547

COORDINATION AND CONVENING: ESTABLISH RELATIONSHIPS WITH CHARITABLE, EDUCATIONAL, AND BUSINESS ORGANIZATIONS IN THE GREATER ROCHESTER & FINGER LAKES REGION TO STRATEGICALLY COORDINATE EFFORTS IN...

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COORDINATION AND CONVENING: ESTABLISH RELATIONSHIPS WITH CHARITABLE, EDUCATIONAL, AND BUSINESS ORGANIZATIONS IN THE GREATER ROCHESTER & FINGER LAKES REGION TO STRATEGICALLY COORDINATE EFFORTS IN FURTHERANCE OF ECONOMIC VITALITY AND OPPORTUNITY FOR THE REGION'S WORKFORCE. THIS INCLUDES PROVIDING ADMINISTRATIVE SUPPORT FOR THE ONE ROC INITIATIVE, A POWERFUL ALLIANCE OF ECONOMIC DEVELOPMENT ORGANIZATIONS DEDICATED TO MAKING GREATER ROCHESTER, NEW YORK ONE OF THE MOST DYNAMIC AND RAPIDLY GROWING REGIONAL ECONOMIES IN THE UNITED STATES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $5,463,802
Program Service Revenue $155,599
Investment Income $37,733
Other Revenue $0
TOTAL REVENUE $5,657,134

Expense Breakdown

Grants Paid $0
Salaries & Benefits $612,222
Fundraising Expenses $44,492
Program Expenses $1,983,497
Other Expenses $1,602,956
TOTAL EXPENSES $2,215,178

Year-over-Year Comparison

2024 2023 Change
Revenue $5,657,134 $1,467,417 +2.9%
Expenses $2,215,178 $2,525,938 -0.1%
Net Income $3,441,956 $-1,058,521 -4.3%
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

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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
4
Employees
N/A
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
3
$628,395
Total Directors
5
$137,555
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KATHY RICHMOND SR. DIRECTOR 1.00
Director
$0 $4,391 $137,555
SUSAN HOLLIDAY BOARD MEMBER 1.00
Director
$0 $0 $0
FAHEEM MASOOD BOARD MEMBER 1.00
Director
$0 $0 $0
MARTIN MUCCI BOARD MEMBER 1.00
Director
$0 $0 $0
ROBERT S SANDS CHAIRMAN 1.00
Officer Director
$0 $0 $0
ROBERT DUFFY PRESIDENT & CEO 1.00
Officer
$0 $48,661 $466,767
CHRISTYNE HUERTA CHIEF FINANCIAL OFFICER 1.00
Officer
$0 $22,859 $161,628
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 $5,657,134 $2,215,178 $5,363,513 $3,441,956
2023 $1,467,417 $2,525,938 $1,879,087 $-1,058,521
2022 $2,142,578 $1,910,687 $2,947,765 $231,891
2021 $609,868 $1,280,889 $2,807,704 $-671,021
2020 $977,234 $1,025,049 $3,405,551 $-47,815
2019 $3,341,586 $761,361 $3,115,826 $2,580,225
2018 $417,283 $33,634 $472,414 $383,649
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