THE FOUNDATION OF THE LANCASTER CH… - Form 990 Financial Data

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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

1985

Legal Domicile

Principal Officer

HEATHER VALUDES

Phone

7173973531

Tax Period

2023-01-01 to 2023-12-31

THE FOUNDATION OF THE LANCASTER CHAMBER, founded in 1985, is a small nonprofit that reported $162K in total revenue in fiscal year 2023. Revenue fell 23% from the prior year — a significant decline worth monitoring. Expenses of $532K exceeded revenue, resulting in a 229% operating deficit.

Mission

THE FOUNDATION OF THE LANCASTER CHAMBER IS ORGANIZAED EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL, AND SCIENTIFIC PURPOSES INCLUDING THE DISTRIBUTION OF FUNDS FOR SUCH PURPOSES TO ORGANIZATIONS THAT QUALIFY AS EXEMPT UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1954. THE FOUNDATION PROVIDES A MECHANISM TO ESTABLISH AND FINANCE NEW COMMUNITY PROGRAMS TO MEET CRUCIAL AND CHANGING NEEDS.

Program Service Accomplishments

Program 1

Expenses: $441,832 Revenue: $0

THE FOUNDATION PROVIDES SUPPORT TO THE BUSINESS COMMUNITY THROUGH THE WORK OF THE LANCASTER CHAMBER, PROVIDING FUNDING FOR SPECIFIC TARGETED PROGRAMS. IN 2023, THE FOUNDATION'S FOCUS WAS ON WORKFORCE PRIORITIES; THE FOUNDATION PARTNERS, SUPPORTS, AND /OR LEADS OPPORTUNITIES AND SOLUTIONS TO ADDRESS WORKFORCE CHALLENGES. 142 COMMUNITY MEMBERS ENGAGED WITH ACHIEVE, A DEGREE COMPLETION PROGRAM. 52 STUDENTS ARE CONTINUING TO PURSUE DEGREE COMPLETION ACROSS 3 PARTNER INSTITUTIONS, 47 BUSINESSES JOINED OUR INSPIRE PLATFORM TO PROVIDE EXPERENTIAL LEARNING FOR STUDENTS IN GRADES K-12 THROUGHOUT OUR COUNTY AND THROUGH OUR DISCOVERING PATHS MENTORING PROGRAM THAT PAIRED 124 HIGH SCHOOL JUNIORS FROM 13 LANCASTER HIGH SCHOOLS WITH 1:1 MENTORING EXPERIENCE IN LANCASTER COUNTY. THE FOUNDATION ALSO STARTED TO HOUSE CULTIVATE! WHICH INFORMS, NAVIGATES, CONNECTS AND COORDINATES ENTREPRENEURS WITH BUSINESS RESOURCE PROVIDERS TO ACHIEVE PROSPERITY AND EQUITABLE ECONOMIC GROWTH ACROSS LANCASTER COUNTY. THE FOUNDATION ALSO BEGAN TANDEM ON 11/29/23 WHICH OFFERS PATHWAYS FOR BUSINESS SUCCESS THROUGH PROFIT SHARING AND DIRECT EMPLOYEE OWNERSHIP THAT LEADS TO SHARED PROSPERITY AND STRONGER COMMUNITIES.

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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 $129,677

Program Service Revenue $0

Investment Income $1,279

Other Revenue $30,940

TOTAL REVENUE $161,896

Expense Breakdown

Grants Paid $43,502

Salaries & Benefits $0

Fundraising Expenses $74,413

Program Expenses $441,832

Other Expenses $488,989

TOTAL EXPENSES $532,491

Year-over-Year Comparison

	2023	2022	Change
Revenue	$161,896	$211,375	-0.2%
Expenses	$532,491	$508,666	+0.0%
Net Income	$-370,595	$-297,291	+0.2%

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

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

124

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

$300,768

Total Directors

$207,612

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DONNA KRESIER	CHAIR ELECT(1/23-6/23)/CHAIR	0.50	Officer Director	$0	$0	$0
J SEROKY	CHAIR(1/23-6/23)/PAST CHAIR	0.50	Officer Director	$0	$0	$0
ROBERT C SHOEMAKER	CHAIR (UNTIL 5/23)	0.50	Officer Director	$0	$0	$0
JOANNE JUDGE	VICE CHAIR (UNTIL 5/23)	0.50	Officer Director	$0	$0	$0
ERIC WENGER	TREASURER	0.50	Officer Director	$0	$0	$0
ALEX BRAME	TREASURER (UNTIL 10/23)	0.50	Officer Director	$0	$0	$0
JOANNE B LADLEY	TREASURER (UNTIL 5/23)	0.50	Officer Director	$0	$0	$0
MIGUEL NISTAL	BOARD MEMBER	0.50	Director	$0	$0	$0
KIMBERLY DECKER ESQ	SECRETARY (UNTIL 5/23)	0.50	Officer Director	$0	$0	$0
HEATHER VALUDES	PRESIDENT/CEO	1.00	Officer Director	$0	$35,356	$207,612
JULIE HOUCK	DIRECTOR OF FINANCE	1.00	Officer	$0	$20,683	$93,156
THOMAS WALLACE	DIRECTOR OF BUSINESS DEVELOPMENT	1.00	Highest	$0	$12,178	$117,195

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	$161,896	$532,491	$12,062,642	$-370,595
2022	$210,805	$508,096	$12,309,323	$-297,291
2021	$80,964	$534,018	$12,578,932	$-453,054
2020	$349,202	$794,370	$13,199,384	$-445,168
2019	$375,730	$761,998	$13,601,779	$-386,268
2018	$583,724	$704,719	$14,006,086	$-120,995

THE FOUNDATION OF THE LANCASTER CHAMBER