THE GREATER LAKE PLACID CHAMBER OF COMMERCE (EIN 591026434) - 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

1989

Legal Domicile

Principal Officer

JENNIFER BUSH

Phone

8634654331

Tax Period

2023-09-01 to 2024-08-31

THE GREATER LAKE PLACID CHAMBER OF COMMERCE, founded in 1989, is a small nonprofit that reported $173K in total revenue in fiscal year 2023. Expenses of $158K left a modest 9% surplus.

Mission

TO PROMOTE THE COMMUNITY THROUGH ITS BUSINESS AND ACTIVITIES

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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 $47,407

Program Service Revenue $19,994

Investment Income $4,785

Other Revenue $101,285

TOTAL REVENUE $173,471

Expense Breakdown

Grants Paid $3,200

Salaries & Benefits $76,852

Fundraising Expenses $0

Other Expenses $78,323

TOTAL EXPENSES $158,375

Year-over-Year Comparison

	2023	2022	Change
Revenue	$173,471	$180,956	0.0%
Expenses	$158,375	$185,873	-0.1%
Net Income	$15,096	$-4,917	-4.1%

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

$44,675

Total Directors

$44,675

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JENNIFER BUSH	EXECUTIVE DIRECTOR	40.00	Officer Director	$44,675	$0	$44,675
BILL BRANTLEY	1st VICE PRESIDENT	0.00	Officer	$0	$0	$0
Donald Clarke	PAST-PRESIDENT	0.00	Officer	$0	$0	$0
KIM MILLER	TREASURER	0.00	Officer	$0	$0	$0
CURTIS SLADE	SECRETARY	0.00	Officer	$0	$0	$0
VICKI SPIRES	PRESIDENT	0.00	Officer	$0	$0	$0
Gilbert Randall	VICE PRESIDENT	0.00	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	$173,471	$158,375	$263,267	$15,096
2022	$199,696	$163,860	$251,058	$35,836
2021	$166,224	$118,937	$220,404	$47,287
2020	$130,069	$136,589	$189,599	$-6,520
2019	$152,305	$149,112	$196,977	$3,193
2018	$136,076	$160,659	$181,518	$-24,583

THE GREATER LAKE PLACID CHAMBER OF COMMERCE