Colonie Chamber of Commerce

EIN: 222684395

Latham, NY

Total Revenue
$226,762
Total Expenses
$243,094
Total Assets
$560,894
Net Assets
$16,170
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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
NY
Principal Officer
Tom Nolte
Phone
5187856995
Tax Period
2023-01-01 to 2023-12-31

Colonie Chamber of Commerce, founded in 1985, is a small nonprofit that reported $227K in total revenue in fiscal year 2023. Revenue surged 32% from the prior year, signaling strong growth momentum.

Mission

The Chamber is dedicated to the advancement of members business interests and the promotion of commerce in the Colonie, NY area. They promote community awareness and involvement and established and maintains a large group for

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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 $169,948
Program Service Revenue $51,027
Investment Income $344
Other Revenue $5,443
TOTAL REVENUE $226,762

Expense Breakdown

Grants Paid $0
Salaries & Benefits $140,152
Fundraising Expenses $0
Other Expenses $102,942
TOTAL EXPENSES $243,094

Year-over-Year Comparison

2023 2022 Change
Revenue $226,762 $172,387 +0.3%
Expenses $243,094 $218,027 +0.1%
Net Income $-16,332 $-45,640 -0.6%
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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
16
Independent Members
16
Employees
2
Volunteers
30

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
$0
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Paul Franklin Treasurer 2.00
Officer Director
$0 $0 $0
Chris Green Chair 1.00
Officer Director
$0 $0 $0
Brian L Jones Chair 1.00
Officer Director
$0 $0 $0
Sean Maguire Board Member 1.00
Director
$0 $0 $0
April Braman Board Member 1.00
Director
$0 $0 $0
David Perry Board Member 1.00
Director
$0 $0 $0
Brittany Lawton Board Member 1.00
Director
$0 $0 $0
Frank Paladino Secretary 1.00
Officer Director
$0 $0 $0
Ali Anechiarico Board Member 1.00
Director
$0 $0 $0
Edward Knapp Board Member 1.00
Director
$0 $0 $0
Monica LaBree Chair Elect 1.00
Director
$0 $0 $0
Jeff Law Board Member 1.00
Director
$0 $0 $0
Stephanie McCauley Board Member 1.00
Director
$0 $0 $0
Dawn McCurdy Board Member 1.00
Director
$0 $0 $0
Lisa Proskin General Counsel 1.00
Officer Director
$0 $0 $0
Kathleen Skeals Board Member 1.00
Director
$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
2025 No data No data No data No data
2024 No data No data No data No data
2023 $226,762 $243,094 $560,894 $-16,332
2022 $172,387 $218,027 $642,038 $-45,640
2021 $166,778 $138,918 $689,089 $27,860
2020 $167,529 $167,871 $223,362 $-342
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