LITTLE FALLS AREA CHAMBER OF COMMERCE & TOURISM (EIN 410856056) - 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

1888

Legal Domicile

Principal Officer

PURVA WATTEN

Phone

3206325155

Tax Period

2024-01-01 to 2024-12-31

LITTLE FALLS AREA CHAMBER OF COMMERCE & TOURISM, founded in 1888, is a small nonprofit that reported $738K in total revenue in fiscal year 2024. Revenue surged 93% from the prior year, signaling strong growth momentum. The organization ran a surplus of $232K, a strong 31% operating margin.

Mission

OUR MISSION IS TO SERVE OUR MEMBERS AND PROMOTE OUR COMMUNITY AS A DYNAMIC PLACE TO VISIT, WORK, AND LIVE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $424,937

Program Service Revenue $299,458

Investment Income $13,292

Other Revenue $0

TOTAL REVENUE $737,687

Expense Breakdown

Grants Paid $0

Salaries & Benefits $258,004

Fundraising Expenses $0

Program Expenses $260,215

Other Expenses $247,753

TOTAL EXPENSES $505,757

Year-over-Year Comparison

	2024	2023	Change
Revenue	$737,687	$381,944	+0.9%
Expenses	$505,757	$367,354	+0.4%
Net Income	$231,930	$14,590	+14.9%

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

$115,400

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SABRINA KOELSCH	TOURISM AND MARKETING DIRECTOR	40.00	Director	$50,400	$0	$50,400
JANA FESTLER	CHAIR	0.50	Officer Director	$0	$0	$0
NANCY BERG	DIRECTOR	0.50	Director	$0	$0	$0
NATHAN DIEHL	TREASURER	0.50	Officer Director	$0	$0	$0
PETER MOONEY	SECRETARY	0.50	Officer Director	$0	$0	$0
PURVA WATTEN	EXECUTIVE DIRECTOR	40.00	Director	$65,000	$0	$65,000
SUSAN PROSAPIO	DIRECTOR	0.50	Director	$0	$0	$0
THOMAS HOGGARTH	DIRECTOR	0.50	Director	$0	$0	$0
CASSIE LARKIN	VICE CHAIR	0.50	Officer Director	$0	$0	$0
JULIA MUELLER	SECRETARY	0.50	Officer Director	$0	$0	$0
KELLY DESORMEY	DIRECTOR	0.50	Director	$0	$0	$0
CHUCK ZWILLING	DIRECTOR	0.50	Director	$0	$0	$0
ZACH KLOWSOWSKI	DIRECTOR	0.50	Director	$0	$0	$0
JIM BRIDGES	DIRECTOR	0.50	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	$737,687	$505,757	$676,542	$231,930
2023	$381,944	$367,354	$444,612	$14,590
2022	$333,165	$260,834	$309,542	$72,331
2021	$239,740	$259,797	$242,927	$-20,057
2020	$204,237	$182,561	$262,984	$21,676
2019	$299,332	$298,760	$241,308	$572
2018	$281,532	$321,087	$240,736	$-39,555

LITTLE FALLS AREA CHAMBER OF COMMERCE & TOURISM