THE FOUNDATION OF THE LANCASTER CHAMBER

EIN: 222608944 501(c)(3)

LANCASTER, PA

Total Revenue
$161,896
Total Expenses
$532,491
Total Assets
$12,062,642
Net Assets
$3,518,054
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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
PA
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

PROVIDES EDUCATIONAL AND TRAINING PROGRAMS AND MEETING SPACE FOR NON-PROFITS.

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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 $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

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Governance

Voting Members
5
Independent Members
4
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
10
$300,768
Total Directors
10
$207,612
Key Employees
0
$0
Highest Compensated
1
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
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