SARATOGA COUNTY FOUNDATION INC C/O SARATOGA COUNTY CHAMBER OF COMMERCE

EIN: 161617074 501(c)(3) Environment

SARATOGA SPRINGS, NY

Total Revenue
$276,544
Total Expenses
$339,041
Total Assets
$129,189
Net Assets
$129,189
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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
TODD SHIMKUS
Phone
5185843255
Tax Period
2023-01-01 to 2023-12-31

SARATOGA COUNTY FOUNDATION INC C/O SARATOGA COUNTY CHAMBER OF COMMERCE, founded in 2002, is a small nonprofit in the Environment sector that reported $277K in total revenue in fiscal year 2023. Revenue surged 103% from the prior year, signaling strong growth momentum. Expenses of $339K exceeded revenue, resulting in a 23% operating deficit.

Mission

THE ORGANIZATION SUPPORTS A WIDE RANGE OF PROGRAMS OF BENEFIT TO EVERYONE WHO LIVES, WORKS AND PLAYS IN SARATOGA COUNTY, NY.

Program Service Accomplishments

Program 1
Expenses: $147,520 Revenue: $0

SARATOGA NEW YEAR'S FEST IS AN ANNUAL EVENT FOR THE COMMUNITY TO CELEBRATE THE NEW YEAR. IT FEATURES A FREE PUBLIC FIREWORKS SHOW AND MUSICAL ENTERTAINMENT AT A RANGE OF VENUES FROM THE CITY CENTER...

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SARATOGA NEW YEAR'S FEST IS AN ANNUAL EVENT FOR THE COMMUNITY TO CELEBRATE THE NEW YEAR. IT FEATURES A FREE PUBLIC FIREWORKS SHOW AND MUSICAL ENTERTAINMENT AT A RANGE OF VENUES FROM THE CITY CENTER TO UNIVERSAL PRESERVATION HALL.

Program 2
Expenses: $71,594 Revenue: $0

SAVE OUR LOCALS WAS CREATED TO PROMOTE AND SUPPORT LOCAL NONPROFIT ORGANIZATIONS AND SMALL BUSINESSES HARMED BY THE COVID 19 PANDEMIC AS THEY SEEK TO FULLY RECOVER.

Program 3
Expenses: $50,730 Revenue: $0

HOLIDAY GIFTS FOR KIDS ENSURED THAT FUNDS WERE RAISED AND SPENT TO PROVIDE HOLIDAY GIFT CARDS FOR OLDER-CHILDREN SERVED BY AREA COMMUNITY AGENCIES ACROSS SARATOGA COUNTY.

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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 $274,390
Program Service Revenue $0
Investment Income $914
Other Revenue $1,240
TOTAL REVENUE $276,544

Expense Breakdown

Grants Paid $0
Salaries & Benefits $5,000
Fundraising Expenses $0
Program Expenses $317,323
Other Expenses $334,041
TOTAL EXPENSES $339,041

Year-over-Year Comparison

2023 2022 Change
Revenue $276,544 $136,223 +1.0%
Expenses $339,041 $136,965 +1.5%
Net Income $-62,497 $-742 +83.2%
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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
15

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
4
$228,353
Total Directors
3
$228,353
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TODD SHIMKUS CHAMBER PRESIDENT 1.00
Officer Director
$0 $29,396 $228,353
TARA ANNE PLEAT DIRECTOR 1.00
Director
$0 $0 $0
ERIC HENNESSEY DIRECTOR 1.00
Director
$0 $0 $0
RANDY METEVIER TREASURER/SECRETARY 1.00
Officer
$0 $0 $0
CHAD KIESOW VICE CHAIR 1.00
Officer
$0 $0 $0
AMY SMITH CHAIR OF THE BOARD 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 No data No data No data No data
2023 $276,544 $339,041 $129,189 $-62,497
2022 $136,223 $136,965 $597,357 $-742
2021 $73,674 $72,084 $194,564 $1,590
2020 $113,395 $97,755 $597,845 $15,640
2019 $482,694 $602,849 $575,521 $-120,155
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