Tompkins County Chamber of Commerce Foundation Inc (EIN 222812937) - Form 990 Financial Analysis & Trantor Score

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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

1987

Legal Domicile

Principal Officer

Margaret Coleman

Phone

6072737080

Tax Period

2024-01-01 to 2024-12-31

Tompkins County Chamber of Commerce Foundation Inc, founded in 1987, is a small nonprofit in the Community Improvement sector that reported $247K in total revenue in fiscal year 2024. Revenue fell 39% from the prior year — a significant decline worth monitoring. Expenses of $232K left a modest 6% surplus.

Mission

The Tompkins County Chamber of Commerce Foundation (Foundation) was organized as a not-for-profit organization in 1987. The Foundations purpose is to promote the quality of life in Tompkins County. The Foundation collects and disburses funds for various programs and studies.

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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 (2024)

Revenue Breakdown

Contributions & Grants $231,587

Program Service Revenue $15,600

Investment Income $0

Other Revenue $0

TOTAL REVENUE $247,187

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $203,413

Other Expenses $231,849

TOTAL EXPENSES $231,849

Year-over-Year Comparison

	2024	2023	Change
Revenue	$247,187	$402,567	-0.4%
Expenses	$231,849	$349,079	-0.3%
Net Income	$15,338	$53,488	-0.7%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jerry Dietz	Trustee	1.00	Director	$0	$0	$0
Rachel Hogancamp	Trustee	1.00	Director	$0	$0	$0
Michael May	Trustee	1.00	Director	$0	$0	$0
Gregory Conard	Trustee	1.00	Director	$0	$0	$0
Amy Iles	Trustee	1.00	Officer Director	$0	$0	$0
Kelli Cartmill	Chair	1.00	Officer Director	$0	$0	$0
Alyson Evans	Chair-Elect	1.00	Officer Director	$0	$0	$0
Timothy Downs	Treasurer	1.00	Officer Director	$0	$0	$0
Margaret Coleman	Interim President	2.00	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	$247,187	$231,849	$245,792	$15,338
2023	$402,567	$349,079	$249,292	$53,488
2022	$180,797	$156,226	$190,093	$24,571
2021	$157,358	$93,881	$148,556	$63,477
2020	$66,086	$85,333	$111,690	$-19,247
2019	$87,697	$109,918	$115,039	$-22,221
2018	$204,176	$151,497	$127,377	$52,679

Tompkins County Chamber of Commerce Foundation Inc