SKANEATELES AREA CHAMBER OF COMMERCEINC (EIN 237228885) - 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

1997

Legal Domicile

Principal Officer

ALICE HOATLAND

Phone

3156850552

Tax Period

2023-01-01 to 2023-12-31

SKANEATELES AREA CHAMBER OF COMMERCEINC, founded in 1997, is a small nonprofit that reported $313K in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion.

Mission

SKANEATELES IS A UNIQUELY CHARMING PLACE TO LIVE, WORK, AND GROW. THE SKANEATELES AREA CHAMBER OF COMMERCE, COMPRISING 386 BUSINESSES AND INDIVIDUALS, WORKS TO PROMOTE THE PROSPERITY OF ITS MEMBERS, CULTIVATE GROWTH & ECONOMIC DEVELOPMENT AND PRESERVE THE QUALITY OF LIFE FOR THE ENTIRE COMMUNITY.

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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 $0

Program Service Revenue $271,931

Investment Income $617

Other Revenue $40,461

TOTAL REVENUE $313,009

Expense Breakdown

Grants Paid $0

Salaries & Benefits $128,443

Fundraising Expenses $0

Other Expenses $206,361

TOTAL EXPENSES $334,804

Year-over-Year Comparison

	2023	2022	Change
Revenue	$313,009	$289,708	+0.1%
Expenses	$334,804	$293,067	+0.1%
Net Income	$-21,795	$-3,359	+5.5%

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

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

$69,932

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NANCY RANIERI	PRESIDENT	1.00	Officer Director	$0	$0	$0
STEPHANIE BALES	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
MARIA COLEMAN	SECRETARY	1.00	Officer Director	$0	$0	$0
ALICE HOATLAND	TREASURER	1.00	Officer Director	$0	$0	$0
PATRICIA CARBERRY	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH LAROCHELLE	DIRECTOR	1.00	Director	$0	$0	$0
COREY BAUMAN	DIRECTOR	1.00	Director	$0	$0	$0
ANDREA SNYDER	DIRECTOR	1.00	Director	$0	$0	$0
BRANDY FLIPPO	DIRECTOR	1.00	Director	$0	$0	$0
JUSTIN HOOD	DIRECTOR	1.00	Director	$0	$0	$0
ROBYN BENTLEY-GRAHAM	DIRECTOR	1.00	Director	$0	$0	$0
DAN TAGLIAMONTE	DIRECTOR	1.00	Director	$0	$0	$0
HILARY FENNER	EXECUTIVE DIRECTOR	1.00	Officer	$68,012	$1,920	$69,932

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	$313,009	$334,804	$52,427	$-21,795
2022	$289,708	$293,067	$73,440	$-3,359
2021	$293,756	$270,175	$75,878	$23,581
2020	$238,055	$244,307	$70,714	$-6,252
2019	$239,171	$229,173	$76,046	$9,998
2018	$243,413	$246,737	$66,905	$-3,324

SKANEATELES AREA CHAMBER OF COMMERCEINC