THE CHAMBER ALLIANCE OF NYS INC

EIN: 161358967 Community Improvement

ALBANY, NY

Total Revenue
$2,735
Total Expenses
$29,500
Total Assets
$131,260
Net Assets
$131,260
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
NY
Principal Officer
TOM COTE
Phone
5182172870
Tax Period
2024-01-01 to 2024-12-31

THE CHAMBER ALLIANCE OF NYS INC, founded in 2002, is a micro nonprofit in the Community Improvement sector that reported $3K in total revenue in fiscal year 2024. Revenue fell 89% from the prior year — a significant decline worth monitoring. Expenses of $30K exceeded revenue, resulting in a 979% operating deficit.

Mission

THE CHAMBER ALLIANCE OF NEW YORK STATE (CANYS) IS DEDICATED TO FOCUSING THE COLLECTIVE INFLUENCE AND EFFORTS OF THE CHAMBER COMMUNITY, AS WELL AS CONTRIBUTING TO ITS MEMBERS' GROWTH AND PROFESSIONALISM.

Program Service Accomplishments

Program 1

HAVING EVOLVED FROM THE NEW YORK STATE CHAMBER OF COMMERCE EXECUTIVES, OUR ORGANIZATION STRIVES TO ELEVATE THE PROMINENCE AND IMAGE OF LOCAL CHAMBERS, WHILE PROVIDING A FORUM FOR THE SHARING OF...

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HAVING EVOLVED FROM THE NEW YORK STATE CHAMBER OF COMMERCE EXECUTIVES, OUR ORGANIZATION STRIVES TO ELEVATE THE PROMINENCE AND IMAGE OF LOCAL CHAMBERS, WHILE PROVIDING A FORUM FOR THE SHARING OF IDEAS, UNIQUE MANAGEMENT PROCESSES AND NEW TECHNOLOGY. CANYS' GOAL IS TO PROVIDE LEADERSHIP AND ASSISTANCE IN THE FOLLOWING KEY AREAS:PROFESSIONAL DEVELOPMENT THRU NETWORKING AND PROGRAMMING:THE MOST VALUABLE SERVICE CANYS CAN PROVIDE IS TO SHARE THE COLLECTIVE EXPERTISE AND PROFESSIONAL RELATIONSHIPS OF ITS MEMBERS. THEREFORE, CANYS: OFFERS MULTIPLE CONFERENCES AND VIRTUAL MEETINGS EACH YEAR THAT FOCUS ON VARIOUS ASPECTS OF ECONOMIC DEVELOPMENT, LEGISLATIVE ISSUES AND CHAMBER MANAGEMENT. PROVIDES NETWORKING OPPORTUNITIES FOR CHAMBER, ASSOCIATION AND BUSINESS EXECUTIVES COORDINATES AND DISTRIBUTES THE CANYS CONNECTION E-NEWSLETTER AND A COMPREHENSIVE DIRECTORY OF CANYS MEMBERS ASSISTS IN THE COLLABORATION AND COALITION BUILDING BETWEEN CHAMBERS, BUSINESSES AND OTHER LIKE ORGANIZATIONSADVOCACY THRU POLITICAL ACTION AND EDUCATION:THROUGH PARTNERSHIPS WITH STATE AND NATIONAL ASSOCIATIONS, CANYS AIMS TO EDUCATE ITS MEMBERS ON ISSUES OF IMPORTANCE TO THE EMPLOYER COMMUNITY THROUGHOUT THE STATE. CANYS: SUPPORTS AN ADVOCACY DAY IN ALBANY IN CONJUNCTION WITH OUR ANNUAL WINTER SYMPOSIUM CONTINUES TO INVITE ADMINISTRATION OFFICIALS, LEGISLATORS AND GOVERNMENT AFFAIRS REPRESENTATIVES TO CONFERENCES TO BRIEF CHAMBERS ON THE MOST PRESSING ISSUES OF THE DAY ADVOCATES FOR PRO-BUSINESS ISSUES AND/OR MATTERS THAT DIRECTLY AFFECT CHAMBERS AND THEIR MEMBERS ABILITY TO GROW AND THRIVE.CONNECTED REPRESENTATION:SERVING AS THE VOICE OF THE STATE'S MORE THAN 100 CHAMBERS, CANYS: REPRESENTS CHAMBERS ON ISSUES SUCH AS EMPLOYER REGULATIONS AND IMPROVING THE OVERALL BUSINESS CLIMATE IN NEW YORK COLLABORATES WITH NATIONAL ORGANIZATIONS SUCH AS THE U.S. CHAMBER OF COMMERCE AND THE ASSOCIATION OF CHAMBER OF COMMERCE EXECUTIVES REACHES OUT TO OTHER REGIONAL AND STATE CHAMBER ASSOCIATIONS FOR PURPOSES OF JOINT PROGRAMMING, LOBBYING AND THE EXPLORATION OF NEW INCOME ENHANCEMENT OPPORTUNITIES

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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 $2,735
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $2,735

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $29,500
TOTAL EXPENSES $29,500

Year-over-Year Comparison

2024 2023 Change
Revenue $2,735 $24,022 -0.9%
Expenses $29,500 $42,713 -0.3%
Net Income $-26,765 $-18,691 +0.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
4
Independent Members
4
Employees
N/A
Volunteers
4

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
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LISA SORIN DIRECTOR 1.00
Director
$0 $0 $0
JOHN RAVITZ DIRECTOR 1.00
Director
$0 $0 $0
ANDREW FISH VICE CHAIR 1.00
Officer Director
$0 $0 $0
HEATHER BELL CHAIR 1.00
Officer Director
$0 $0 $0
TOM COTE EXECUTIVE DIRECTOR 1.00
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 $2,735 $29,500 $131,260 $-26,765
2023 $24,022 $42,713 $158,025 $-18,691
2022 $529,161 $369,393 $176,716 $159,768
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