HUDSON AREA CHAMBER OF COMMERCE & TOURISM BUREAU (EIN 391451032) - 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

1953

Legal Domicile

Principal Officer

MARY CLAIRE OLSON POTTER

Phone

7153868411

Tax Period

2023-01-01 to 2023-12-31

HUDSON AREA CHAMBER OF COMMERCE & TOURISM BUREAU, founded in 1953, is a small nonprofit that reported $564K in total revenue in fiscal year 2023. Expenses of $626K exceeded revenue, resulting in a 11% operating deficit.

Mission

TO PROVIDE VALUE TO AND SERVE OUR MEMBERS, PROMOTE A STRONG LOCAL ECONOMY, ADVOCATE FOR THE INTERESTS OF THE BUSINESS COMMUNITY, CHAMPION SUSTAINABILITY, AND MARKET THE RECREATIONAL AND CULTURAL OPPORTUNITIES IN THE HUDSON AREA.

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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 $565,868

Program Service Revenue $13,685

Investment Income $9,971

Other Revenue $-25,763

TOTAL REVENUE $563,761

Expense Breakdown

Grants Paid $0

Salaries & Benefits $223,562

Fundraising Expenses $0

Other Expenses $402,857

TOTAL EXPENSES $626,419

Year-over-Year Comparison

	2023	2022	Change
Revenue	$563,761	$530,158	+0.1%
Expenses	$626,419	$536,202	+0.2%
Net Income	$-62,658	$-6,044	+9.4%

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

$121,426

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANGEL DURATTI	PAST CHAIR	1.00	Officer Director	$0	$0	$0
JOEL LARSEN	TREASURER	1.00	Officer Director	$0	$0	$0
LEANNE VAN ALLEN	CHAIR	1.00	Officer Director	$0	$0	$0
MARIA MACHTEMES	DIRECTOR	1.00	Director	$0	$0	$0
KATIE KRANZ	DIRECTOR	1.00	Director	$0	$0	$0
MARK HEIN	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS KOST	DIRECTOR	1.00	Director	$0	$0	$0
LINDA LA KOSKY ENG	CHAIR ELECT	1.00	Officer Director	$0	$0	$0
MARK MCNAMEE	DIRECTOR	1.00	Director	$0	$0	$0
DEB PITTMAN	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN URBIK	DIRECTOR	1.00	Director	$0	$0	$0
BLAKE WILLMAN	DIRECTOR	1.00	Director	$0	$0	$0
HEATH EHRNREITER	DIRECTOR (THROUGH 11/23)	1.00	Director	$0	$0	$0
MARY CLAIRE OLSON POTTER	PRESIDENT	40.00	Officer	$111,509	$9,917	$121,426

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	$563,761	$626,419	$901,481	$-62,658
2022	$530,158	$536,202	$994,177	$-6,044
2021	$585,051	$447,006	$626,033	$138,045
2020	$430,365	$449,327	$499,061	$-18,962
2019	$506,430	$462,550	$538,824	$43,880
2018	$481,606	$505,766	$465,638	$-24,160

HUDSON AREA CHAMBER OF COMMERCE & TOURISM BUREAU