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)

4 risk indicators measuring financial stability and operational resilience

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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

GREATER ROCHESTER CHAMBER OF COMMERCE FOUNDATION, INC. PROMOTES, SUPPLEMENTS AND ENRICHES THE EDUCATION AND WELFARE OF STUDENTS IN THE GREATER ROCHESTER, NEW YORK/FINGER LAKES REGION; WORKS TO STRENGTHEN ECONOMIC GROWTH AND EXPANSION THROUGHOUT THE GREATER ROCHESTER, NEW YORK/FINGER LAKES REGION; AND FURTHERS WORKFORCE DEVELOPMENT AND TALENT STRATEGY INITIATIVES THROUGHOUT THE GREATER ROCHESTER, NEW YORK/FINGER LAKES REGION.

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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

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
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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