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

1925

Principal Officer

CASEY BOYER

Phone

6364628769

Tax Period

2024-01-01 to 2024-12-31

TROY CHAMBER OF COMMERCE, founded in 1925, is a small nonprofit that reported $252K in total revenue in fiscal year 2024. Revenue grew 20% year-over-year, indicating healthy expansion. Expenses of $216K left a modest 14% surplus.

Mission

ENTITY IS A LEAGUE OF BUSINESS OWNERS THAT PROMOTES SERVICES AND NETWORKING FOR ALL MEMBERS. ENTITY ADMINISTERS ECONOMIC DEVELOPMENT COMMITTEE AND CONVENTION AND VISITORS BUREAU.

Program Service Accomplishments

Program 1

Expenses: $24,500 Revenue: $27,960

THE CHAMBER SECURES BILLBOARD ADVERTISING SPACE FOR CHAMBER MEMBERS ONLY AND NEGOTIATES THE CONTRACT AND PRICE, THEN OFFERING IT IN SMALLER INCREMENTS TO MEMBERS

Program 2

Expenses: $11,412 Revenue: $8,139

THE CHAMBER HOSTS MONTHLY MEMBERSHIP MEETINGS THAT HIGHLIGHT VARIOUS BUSINESSES AND SERVICES IN THE COMMUNITY AND PROVIDE A NETWORKING OPPORTUNITY.

Program 3

Expenses: $48,259

THE CHAMBER, IN COUNJUNCTION WITH THE TROY CONVENTION & VISITORS BUREAU, SUPPORTS COMMUNITY EVENTS THAT ATTRACT TOURISM AND OTHER DOLLARS INTO THE LOCAL ECONOMY.

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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 $47,064

Program Service Revenue $150,452

Investment Income $10,920

Other Revenue $43,784

TOTAL REVENUE $252,220

Expense Breakdown

Grants Paid $48,259

Salaries & Benefits $59,301

Fundraising Expenses $0

Program Expenses $84,171

Other Expenses $108,422

TOTAL EXPENSES $215,982

Year-over-Year Comparison

	2024	2023	Change
Revenue	$252,220	$210,494	+0.2%
Expenses	$215,982	$221,110	0.0%
Net Income	$36,238	$-10,616	-4.4%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LEAH ALMELING	BOARD MEMBER	1.00	Director	$0	$0	$0
CASEY BOYER	PRESIDENT	2.00	Officer Director	$0	$0	$0
APRIL BRYANT	BOARD MEMBER	1.00	Director	$0	$0	$0
BOBBIE CARUTHERS	BOARD MEMBER	1.00	Director	$0	$0	$0
PATTY CLISHAM	BOARD MEMBER	1.00	Director	$0	$0	$0
TAYLOR COX	BOARD MEMBER	1.00	Director	$0	$0	$0
DALTON GILBERT	BOARD MEMBER	1.00	Director	$0	$0	$0
JEREMY GOINS	BOARD MEMBER	1.00	Director	$0	$0	$0
KURT HARKE	BOARD MEMBER	1.00	Director	$0	$0	$0
MARK HENEBRY	VICE PRESIDE	1.00	Director	$0	$0	$0
GREG HEWITT	BOARD MEMBER	1.00	Officer Director	$0	$0	$0
HOLLY HITE	SECRETARY	1.00	Officer Director	$0	$0	$0
RUSS MEADOWS	BOARD MEMBER	1.00	Director	$0	$0	$0
ANTHONY MOONEY	BOARD MEMBER	1.00	Director	$0	$0	$0
SARAH SCRONCE	BOARD MEMBER	1.00	Director	$0	$0	$0
DR KELLY GESSERT	PRESIDENT EL	1.00	Officer	$0	$0	$0
TAYLOR PREMER	PAST PRESIDE	1.00	Officer	$0	$0	$0
AUSTIN RHODES	TREASURER	2.00	Officer	$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	$252,220	$215,982	$836,484	$36,238
2023	$210,494	$221,110	$808,247	$-10,616
2022	$229,724	$188,155	$859,976	$41,569
2021	$264,877	$228,909	$802,930	$35,968
2020	$184,302	$134,574	$766,426	$49,728
2019	$221,524	$229,950	$720,471	$-8,426
2018	$186,947	$181,226	$735,395	$5,721