Geneseo Chamber of Commerce

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1947

Legal Domicile

Principal Officer

Katie Katsunis

Phone

3099452302

Tax Period

2023-01-01 to 2023-12-31

Geneseo Chamber of Commerce, founded in 1947, is a small nonprofit in the Unknown sector that reported $219K in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

Provide Opportunities for members to promote their business, develop new relationships, and increase their visibility. Host several special events each year for the public to promote business members and the City of Geneseo. The organization provides television, internet and print advertisements to promote the Geneseo area and its businesses.

Program Service Accomplishments

Program 1

Expenses: $97,136 Revenue: $84,042

Christmas, Music Festival, State Street Market, Trains Planes Automobile, Provides Opportunities for members to promote their business, develop new relationships, and increase their visibility. The organization provides television, internet and print advertisements to promote the Geneseo area and its businesses

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $129,171

Program Service Revenue $84,042

Investment Income $5,182

Other Revenue $525

TOTAL REVENUE $218,920

Expense Breakdown

Grants Paid $1,845

Salaries & Benefits $96,108

Fundraising Expenses $0

Program Expenses $97,136

Other Expenses $119,622

TOTAL EXPENSES $222,256

Year-over-Year Comparison

	2023	2022	Change
Revenue	$218,920	$200,111	+0.1%
Expenses	$222,256	$161,502	+0.4%
Net Income	$-3,336	$38,609	-1.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

283

Independent Members

283

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Zach Sullivan	Executive Director	040.00	Director Highest	$0	$0	$0
Ben Young	President	001.00	Officer Director	$0	$0	$0
Katie Kutsunis	Vice President	001.00	Officer Director	$0	$0	$0
Adam Minard	Past President	001.00	Officer Director	$0	$0	$0
Shelly Hickerson	Treasurer	001.00	Officer Director	$0	$0	$0
Brandon Maeglin	Director	001.00	Director	$0	$0	$0
Julie Bauman	Director	001.00	Director	$0	$0	$0
April davis	Director	001.00	Director	$0	$0	$0
Scott Freeman	Director	001.00	Director	$0	$0	$0
Mark Grywacheski	Director	001.00	Director	$0	$0	$0
Joe Mowen	Director	001.00	Director	$0	$0	$0
John Puentes	Director	001.00	Director	$0	$0	$0
Catherine Rothschild	Director	001.00	Director	$0	$0	$0
Andy Thurman	Director	001.00	Director	$0	$0	$0
Kelly Wolf	Director	001.00	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
2024	No data	No data	No data	No data
2023	$218,920	$222,256	$346,637	$-3,336
2022	$200,111	$161,502	$344,648	$38,609