ALBANY AREA CHAMBER FOUNDATION INC (EIN 581821204) - 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

1988

Legal Domicile

Principal Officer

BARBARA RIVERA HOLMES

Phone

2294348700

Tax Period

2023-01-01 to 2023-12-31

ALBANY AREA CHAMBER FOUNDATION INC, founded in 1988, is a micro nonprofit that reported $51K in total revenue in fiscal year 2023. Revenue surged 422% from the prior year, signaling strong growth momentum. Expenses of $120K exceeded revenue, resulting in a 135% operating deficit.

Mission

THE AIMS AND PURPOSES OF THE ALBANY AREA CHAMBER FOUNDATION SHALL INCLUDE, BUT NOT BE LIMITED TO, THE ADVANCEMENT AND DIFFUSION OF KNOWLEDGE AND UNDERSTANDING OF ECONOMICS, MATTERS OF PUBLIC CONCERN, FINANCE, EDUCATION AND TRAINING, HOUSING, HUMAN RELATIONS, PROBLEMS OF MINORITY GROUPS, SCIENCE AND TECHNOLOGY, ECONOMIC PLANNING AND DEVELOPMENT, INTERNATIONAL RELATIONS, AND OTHER SUBJECTS RELATED TO IMPROVE EFFICIENCY, DEVELOPMENT, INTERNATIONAL RELATIONS AND OTHER SUBJECTS RELATED TO IMPROVE EFFICIENCY, DEVELOPMENT AND ACCELERATION OF BOTH THE QUALITY OF AND QUANTITY OF ECONOMIC GROWTH AND EMPLOYMENT OPPORTUNTITIES.

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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 $40,145

Program Service Revenue $22,350

Investment Income $-11,501

Other Revenue $0

TOTAL REVENUE $50,994

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $84,592

Other Expenses $119,892

TOTAL EXPENSES $119,892

Year-over-Year Comparison

	2023	2022	Change
Revenue	$50,994	$9,776	+4.2%
Expenses	$119,892	$21,174	+4.7%
Net Income	$-68,898	$-11,398	+5.0%

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

N/A

Volunteers

N/A

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

$140,592

Total Directors

$140,592

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATT REED	CHAIR	N/A	Officer Director	$0	$0	$0
DON GRAY	FIRST VICE-C	N/A	Officer Director	$0	$0	$0
JERETHA PETERS	SECOND VICE-	N/A	Officer Director	$0	$0	$0
JEFF WRIGHT	TREASURER	N/A	Officer Director	$0	$0	$0
BARBARA RIVERA HOLMES	SECRETARY	N/A	Officer Director	$0	$21,385	$140,592
BRIANNA WILSON	DIRECTOR	N/A	Director	$0	$0	$0
TAYLOR JENKINS	DIRECTOR	N/A	Director	$0	$0	$0
DAN GILLAN	DIRECTOR	N/A	Director	$0	$0	$0
SMITH WILSON	DIRECTOR	N/A	Director	$0	$0	$0
BRIDGES SINYARD	DIRECTOR	N/A	Director	$0	$0	$0
SCOTT STEINER	DIRECTOR	N/A	Director	$0	$0	$0
PERRY REVELL	DIRECTOR	N/A	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	No data	No data	No data	No data
2023	$50,994	$119,892	$529,022	$-68,898
2022	$9,776	$21,174	$542,771	$-11,398
2022	$9,776	$21,174	$542,771	$-11,398
2021	$204,167	$17,467	$626,553	$186,700
2020	$155,664	$255,459	$690,990	$-99,795
2019	$221,656	$256,874	$634,960	$-35,218
2018	$305,619	$284,843	$459,369	$20,776
2017	$211,839	$258,138	$483,160	$-46,299

ALBANY AREA CHAMBER FOUNDATION INC