THE CHAMBER FOUNDATION INC

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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

2002

Legal Domicile

Principal Officer

FRANK CASTELLA JR

Phone

8454541700

Tax Period

2025-01-01 to 2025-12-31

THE CHAMBER FOUNDATION INC, founded in 2002, is a community nonprofit in the Employment sector that reported $1.6M in total revenue in fiscal year 2025.

Mission

TO ASSIST THE DUTCHESS COUNTY REGIONAL CHAMBER OF COMMERCE, INC. IN THE BUILDING AND SUPPORT OF A QUALIFIED WORKFORCE BY FOSTERING EDUCATIONAL OPPORTUNITIES THROUGH SCHOLARSHIPS, AND ALSO COORDINATING A WORKFORCE DEVELOPMENT PROGRAM THAT INSTRUCTS AND EDUCATES.

Program Service Accomplishments

Program 1

Expenses: $663,468 Revenue: $182,798

WORKFORCE PROGRAM: PROVIDES INCOME ELIGIBLE YOUTH AND ADULTS AGED 14-24 WITH TRAINING, EDUCATION, AND EMPLOYMENT SUPPORT WITH THE GOAL OF ESTABLISHING CAREER PATHWAYS IN ACCORDANCE WITH FEDERAL...

WORKFORCE PROGRAM: PROVIDES INCOME ELIGIBLE YOUTH AND ADULTS AGED 14-24 WITH TRAINING, EDUCATION, AND EMPLOYMENT SUPPORT WITH THE GOAL OF ESTABLISHING CAREER PATHWAYS IN ACCORDANCE WITH FEDERAL, STATE AND LOCAL PROGRAM GUIDELINES. 140 IN-SCHOOL AND OUT-OF-SCHOOL YOUTH & ADULTS WERE PROVIDED SERVICES TO IMPROVE

Program 2

Expenses: $49,938 Revenue: $225,747

PROGRAMS DESIGNED TO BUILD THE LEADERSHIP QUALITIES OF YOUTH AND ADULTS IN THE HUDSON VALLEY COMMUNITY. 113 YOUTHS AND ADULTS WERE SERVED THROUGH VARIOUS LEADERSHIP PROGRAMS.

Program 3

Expenses: $32,299 Revenue: $32,549

OTHER PROGRAM SERVICES: TO FOSTER EDUCATIONAL OPPORTUNITES IN THE SERVICE AREA THROUGH THE ESTABLISHMENT OF SCHOLARSHIP PROGRAMS. SCHOLARSHIPS IN THE AMOUNT OF $32,299 WERE AWARDED TO INDIVIDUALS TO FURTHER THEIR ACADEMIC ENDEAVORS. FUNDRAISERS ARE HELD TO SUPPORT AND ENSURE THE CONTINUED AVAILABLITY OF THE FUNDS FOR SCHOLARSHIPS IN ADDITION TO TRANSFERS FROM SCHOLARSHIP ACCOUNTS. 14 SCHOLARSHIPS WERE AWARDED.

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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 $797,303

Program Service Revenue $441,094

Investment Income $15,502

Other Revenue $351,762

TOTAL REVENUE $1,605,661

Expense Breakdown

Grants Paid $32,299

Salaries & Benefits $1,009,112

Fundraising Expenses $512,096

Program Expenses $745,705

Other Expenses $520,066

TOTAL EXPENSES $1,561,477

Year-over-Year Comparison

	2025	2024	Change
Revenue	$1,605,661	$1,559,520	+0.0%
Expenses	$1,561,477	$1,258,774	+0.2%
Net Income	$44,184	$300,746	-0.9%

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

247

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

$372,917

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STACI CUSSICK	CHAIR	0.50	Officer Director	$0	$0	$0
MATTHEW MULLANEY	VICE CHAIR	0.50	Officer Director	$0	$0	$0
DAVID ORCE	TREASURER	0.50	Officer Director	$0	$0	$0
JANICE GREEN	SECRETARY	0.50	Officer Director	$0	$0	$0
STEPHEN E DIAMOND	OF COUNSEL	0.50	Officer Director	$0	$0	$0
DR DWIGHT BONK	DIRECTOR	0.25	Director	$0	$0	$0
BRITTANY CATALDO	DIRECTOR	0.25	Director	$0	$0	$0
ERIN CAFARELLI	DIRECTOR	0.25	Director	$0	$0	$0
EMILY GAMBACORTA	DIRECTOR	0.25	Director	$0	$0	$0
CHRISTINA MYERS	DIRECTOR	0.25	Director	$0	$0	$0
JENNA KELLY	DIRECTOR	0.25	Director	$0	$0	$0
REBECCA SIMPSON	DIRECTOR	0.25	Director	$0	$0	$0
ROSS TRAPANI	DIRECTOR	0.25	Director	$0	$0	$0
BROOK YOUNGWIRTH-BODIN	DIRECTOR	0.25	Director	$0	$0	$0
BRANDI RIDER	DIRECTOR	0.25	Director	$0	$0	$0
CHRISTOPHER MCCORMACK	DIRECTOR OF FINANCE	30.00	Officer	$99,907	$2,498	$102,405
FRANK CASTELLA JR	CEO	10.00	Officer	$0	$0	$180,262
CHELSEA SCHWARZE	COO	10.00	Officer	$87,693	$2,557	$90,250

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	$1,605,661	$1,561,477	$1,749,871	$44,184
2024	No data	No data	No data	No data
2023	$1,387,422	$1,174,089	$1,265,736	$213,333
2022	$1,304,292	$1,172,474	$1,028,200	$131,818
2021	$1,349,095	$902,665	$881,451	$446,430
2020	$328,276	$357,081	$505,063	$-28,805
2020	$832,752	$918,694	$538,698	$-85,942
2019	$846,199	$791,004	$576,175	$55,195
2018	$802,273	$783,365	$426,352	$18,908