Downtown Canandaigua Business Management Association Inc

EIN: 161434067 501(c)(3) Community Improvement

Canandaigua, NY

Total Revenue
$191,704
Total Expenses
$185,976
Total Assets
$90,234
Net Assets
$61,787
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1992
Legal Domicile
NY
Principal Officer
Denise Chapel
Phone
5853960300
Tax Period
2023-01-01 to 2023-12-31

Downtown Canandaigua Business Management Association Inc, founded in 1992, is a small nonprofit in the Community Improvement sector that reported $192K in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

Promote Economic Development in Canandaigua, New York and assist in making improvements to the business district.

Program Service Accomplishments

Program 1
Expenses: $75,453 Revenue: $42,500

Promote Economic Development in Canandaigua, New York and assist in making improvements to the business district.

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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 (2023)

Revenue Breakdown

Contributions & Grants $94,000
Program Service Revenue $42,500
Investment Income $0
Other Revenue $55,204
TOTAL REVENUE $191,704

Expense Breakdown

Grants Paid $0
Salaries & Benefits $81,362
Fundraising Expenses $0
Program Expenses $75,453
Other Expenses $104,614
TOTAL EXPENSES $185,976

Year-over-Year Comparison

2023 2022 Change
Revenue $191,704 $176,227 +0.1%
Expenses $185,976 $185,659 +0.0%
Net Income $5,728 $-9,432 -1.6%
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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Governance

Voting Members
11
Independent Members
11
Employees
3
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
5
$45,128
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jeff Anthony Chair 5.00
Officer Director
$0 $0 $0
Stephen Cole Vice Chair 5.00
Officer Director
$0 $0 $0
Rick Brown Secretary 5.00
Officer Director
$0 $0 $0
Chris Keys Treasurer 5.00
Officer Director
$0 $0 $0
Robin Alger Director 5.00
Director
$0 $0 $0
Jon Welch Director 5.00
Director
$0 $0 $0
Robert Taylor Director 5.00
Director
$0 $0 $0
Lauren Behelfer Director 5.00
Director
$0 $0 $0
Todd Reardon Director 5.00
Director
$0 $0 $0
Ellen Polimeni Director 5.00
Director
$0 $0 $0
Denise Chaapel C.E.O. 20.00
Officer
$45,128 $0 $45,128
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 $191,704 $185,976 $90,234 $5,728
2022 $176,227 $185,659 $61,456 $-9,432
2021 $169,136 $150,023 $69,954 $19,113
2020 $167,524 $154,790 $48,086 $12,734
2019 $178,303 $179,518 $34,083 $-1,215
2018 $138,420 $136,578 $35,714 $1,842
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