FULTON COUNTY REGIONAL CHAMBER OF COMMERCE & INDUSTRY FOUNDATION INC (EIN 223235646) - 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

1993

Legal Domicile

Principal Officer

VIRGINIA MACKEY

Phone

5187250641

Tax Period

2023-01-01 to 2023-12-31

FULTON COUNTY REGIONAL CHAMBER OF COMMERCE & INDUSTRY FOUNDATION INC, founded in 1993, is a micro nonprofit in the Community Improvement sector that reported $31K in total revenue in fiscal year 2023. Revenue fell 43% from the prior year — a significant decline worth monitoring. Expenses of $108K exceeded revenue, resulting in a 251% operating deficit.

Mission

COMMUNITY INTEREST PROMOTION AND COMMUNITY INTERACTION THROUGH SCHOLARSHIPS, SEMINARS, FORUMS AND FESTIVALS IN FULTON COUNTY, NEW YORK.

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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 $34,289

Program Service Revenue $0

Investment Income $260

Other Revenue $-3,838

TOTAL REVENUE $30,711

Expense Breakdown

Grants Paid $70,901

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $106,022

Other Expenses $36,901

TOTAL EXPENSES $107,802

Year-over-Year Comparison

	2023	2022	Change
Revenue	$30,711	$53,603	-0.4%
Expenses	$107,802	$45,565	+1.4%
Net Income	$-77,091	$8,038	-10.6%

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

$67,690

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANNE BOLES	EXECUTIVE DI	0.50	Officer	$0	$0	$67,690
MARTIN CALLAHAN	DIRECTOR	0.50	Director	$0	$0	$0
TERRI EASTERLY	DIRECTOR	0.50	Director	$0	$0	$0
AMY KARAS	DIRECTOR	0.50	Director	$0	$0	$0
LESLEY LANZI	TREASURER	0.50	Officer Director	$0	$0	$0
VIRGINIA MACKEY	CHAIRPERSON	0.50	Officer Director	$0	$0	$0
CHARLES SCHWARTZ	SECRETARY	0.50	Officer 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
2024	No data	No data	No data	No data
2023	$30,711	$107,802	$366,367	$-77,091
2022	$53,603	$45,565	$449,113	$8,038
2021	$32,559	$29,310	$448,326	$3,249
2020	$123,628	$103,652	$331,351	$19,976
2018	$141,476	$126,787	$354,336	$14,689

FULTON COUNTY REGIONAL CHAMBER OF COMMERCE & INDUSTRY FOUNDATION INC