Troy Chamber of Commerce

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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

1981

Legal Domicile

Principal Officer

Arthur Langston

Phone

6186678769

Tax Period

2023-09-01 to 2024-08-31

Troy Chamber of Commerce, founded in 1981, is a small nonprofit that reported $369K in total revenue in fiscal year 2023. Revenue surged 57% from the prior year, signaling strong growth momentum. Expenses of $324K left a modest 12% surplus.

Mission

It is the mission of the Troy/Maryville/St. Jacob/Marine Chamber of Commerce to be a catalyst of business collaboration and economic growth in the communities we serve by building relationships and delivering customized results.

Program Service Accomplishments

Program 1

Expenses: $114,479 Revenue: $217,498

Activities that encourage business development and networking including Creating Business Connections, Business Before Breakfast, Troy Family Summer of Fun, and Time Out in Troy.

Program 2

Expenses: $38,450 Revenue: $27,415

Promotion of local business through digital billboard.

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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 $106,840

Program Service Revenue $235,459

Investment Income $5

Other Revenue $26,265

TOTAL REVENUE $368,569

Expense Breakdown

Grants Paid $3,700

Salaries & Benefits $176,323

Fundraising Expenses $0

Program Expenses $152,929

Other Expenses $143,837

TOTAL EXPENSES $323,860

Year-over-Year Comparison

	2023	2022	Change
Revenue	$368,569	$234,331	+0.6%
Expenses	$323,860	$250,577	+0.3%
Net Income	$44,709	$-16,246	-3.8%

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

250

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

$70,675

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Carol Sparks	President	5.00	Officer Director	$0	$0	$0
Nicole Burgess	Vice President	5.00	Officer Director	$0	$0	$0
Linda Manley	Secretary	5.00	Officer Director	$0	$0	$0
Arthur Langston	Treasurer	5.00	Officer Director	$0	$0	$0
Ryan Sautman	Immediate Past President	1.00	Director	$0	$0	$0
Joe Harris	Director	1.00	Director	$0	$0	$0
Monette Lawrence	Director	1.00	Director	$0	$0	$0
Allen Adomite	Director	1.00	Director	$0	$0	$0
Dawn Mushill	Executive Director	40.00	Officer	$70,675	$0	$70,675

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	No data	No data	No data	No data
2024	$368,569	$323,860	$122,051	$44,709
2023	$234,331	$250,577	$84,151	$-16,246
2022	$258,917	$320,578	$97,907	$-61,661
2021	$209,047	$217,561	$202,707	$-8,514