GREATER SYRACUSE CHAMBER OF COMMERCE ECONOMIC DEVELOPMENT CORPORATION (EIN 161126182) - 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

1979

Legal Domicile

Principal Officer

ROBERT SIMPSON

Phone

3154701800

Tax Period

2023-01-01 to 2023-12-31

GREATER SYRACUSE CHAMBER OF COMMERCE ECONOMIC DEVELOPMENT CORPORATION, founded in 1979, is a micro nonprofit that reported $825K in total revenue in fiscal year 2023.

Mission

TO BRING ABOUT CIVIC BETTERMENT AND ENCOURAGE INDUSTRIAL DEVELOPMENT BY ENCOURAGING BUSINESSES TO LOCATE IN CENTRAL NEW YORK AREA.

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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 $0

Program Service Revenue $0

Investment Income $-824,768

Other Revenue $0

TOTAL REVENUE $-824,768

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $107,343

Other Expenses $107,343

TOTAL EXPENSES $107,343

Year-over-Year Comparison

	2023	2022	Change
Revenue	$-824,768	N/A	N/A
Expenses	$107,343	$68,749	+0.6%
Net Income	$-932,111	$-68,749	+12.6%

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

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

$617,091

Total Directors

$399,163

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID NUTTING	DIRECTOR	1.00	Director	$0	$0	$0
DAVID SCHNECKENBURGER	DIRECTOR	1.00	Director	$0	$0	$0
DEWAN MANTOSH	DIRECTOR	1.00	Director	$0	$0	$0
EVELYN CARTER INGRAM	DIRECTOR	1.00	Director	$0	$0	$0
JAMES DOWD	DIRECTOR	1.00	Director	$0	$0	$0
JIM REED	DIRECTOR	1.00	Director	$0	$0	$0
JOHN HUHTALA	DIRECTOR	1.00	Director	$0	$0	$0
MARGARET O'CONNELL	DIRECTOR	1.00	Director	$0	$0	$0
MELANIE LITTLEJOHN	CHAIRMAN	1.00	Director	$0	$0	$0
ROBERT SIMPSON	PRESIDENT	1.00	Officer Director	$0	$76,411	$399,163
SETH KRONENBERG	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN CROSSETT	TREASURER	1.00	Director	$0	$0	$0
TIM PENIX	DIRECTOR	1.00	Director	$0	$0	$0
TIMOTHY MURPHY	DIRECTOR	1.00	Director	$0	$0	$0
VICKI BRACKENS	DIRECTOR	1.00	Director	$0	$0	$0
WARREN HILTON	DIRECTOR	1.00	Director	$0	$0	$0
LORI A DIETZ	SVP OF ADMINISTRATION & HUMAN CAPITAL	1.00	Officer	$0	$19,200	$160,388
MARIAN FRANCHER	SENIOR DIRECTOR OF FINANCE	1.00	Officer	$0	$437	$57,540

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	$-824,768	$107,343	$1,088,509	$-932,111
2022	No data	$68,749	$2,020,620	No data
2021	No data	$122,829	$2,089,369	No data
2020	No data	$126,668	$2,212,196	No data
2019	No data	$128,556	$2,338,864	No data
2018	No data	$130,007	$2,467,420	No data

GREATER SYRACUSE CHAMBER OF COMMERCE ECONOMIC DEVELOPMENT CORPORATION