SULLIVAN CHAMBER & ECONOMIC DEVELO… - Form 990 Financial Data

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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

1974

Legal Domicile

Principal Officer

LAURRIE MINOR

Phone

2177284223

Tax Period

2025-01-01 to 2025-12-31

SULLIVAN CHAMBER & ECONOMIC DEVELOPMENT, founded in 1974, is a small nonprofit that reported $185K in total revenue in fiscal year 2025. Revenue fell 24% from the prior year — a significant decline worth monitoring. Expenses of $399K exceeded revenue, resulting in a 116% operating deficit.

Mission

THE SULLIVAN CHAMBER & ECONOMIC DEVELOPMENT IS ORGANIZED TO PROMOTE THE BUSINESS, ECONOMIC AND CIVIC WELL BEING OF THE CITY OF SULLIVAN, SO THAT THE COMMUNITY MAY GROW AND PROSPER.

Program Service Accomplishments

Program 1

PROVIDE SERVICES TO PROMOTE ECONOMIC DEVELOPMENT AND GROWTH OF THE 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 (2025)

Revenue Breakdown

Contributions & Grants $176,042

Program Service Revenue $0

Investment Income $1,041

Other Revenue $7,602

TOTAL REVENUE $184,685

Expense Breakdown

Grants Paid $214,778

Salaries & Benefits $152,483

Fundraising Expenses $0

Other Expenses $31,309

TOTAL EXPENSES $398,570

Year-over-Year Comparison

	2025	2024	Change
Revenue	$184,685	$243,232	-0.2%
Expenses	$398,570	$299,647	+0.3%
Net Income	$-213,885	$-56,415	+2.8%

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

Total Directors

$104,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LINDA HUBER	PRESIDENT	0.00	Officer Director	$0	$0	$0
JON SUMMERS	VICE PRESIDENT	0.00	Officer Director	$0	$0	$0
JOHN STEPHENS	BOARD MEMBER	0.00	Director	$0	$0	$0
ANDY WHITE	BOARD MEMBER	0.00	Director	$0	$0	$0
GRANT WADE	TREASURER	0.00	Officer Director	$0	$0	$0
LAURRIE MINOR	EXECUTIVE DIRECTOR	40.00	Director	$104,500	$0	$104,500
RICHARD GLAZEBROOK	BOARD MEMBER	0.00	Director	$0	$0	$0
BRAD PULLEN	SECRETARY	0.00	Officer Director	$0	$0	$0
TED WALK	BOARD MEMBER	0.00	Director	$0	$0	$0
DOUG SHOOK	BOARD MEMBER	0.00	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	$184,685	$398,570	$157,261	$-213,885
2024	No data	No data	No data	No data
2023	$163,065	$262,273	$430,138	$-99,208
2022	$576,905	$155,391	$529,890	$421,514
2021	$168,717	$149,542	$110,302	$19,175
2020	$161,938	$177,588	$91,127	$-15,650
2019	$173,601	$172,682	$56,877	$919
2018	$152,987	$167,255	$55,958	$-14,268

SULLIVAN CHAMBER & ECONOMIC DEVELOPMENT