Livingston County Chamber of Commerce I
Nonprofit profile at a glance
- EIN
- 160970666
- IRS 990 coverage
- 2013–2024
- Forms available
- Form 990 2024
- Location
- Geneseo, NY, USA
- Phone
- 5852432222
- Rating
- 72
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $993,789
- Expenses
- $1,043,988
- Assets
- $430,979
- Liabilities
- $89,969
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
17 people listed
Executive titles in this filing
- Laura Lane (President/CEO)
Highest reported compensation
- Laura Lane (President/CEO): $109,668 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Promoting business development and the quality of live in livingston county by creating to build solid realtionships.
What it reported doing in 2024
See schedule other exempt purpose of the Chamber was achieved by promoting business growth and expansion, tourism, and the economic developmeny of Livingston county. The Chamber consists of around 600 business members and offers opportunities to serve on the following committees:- agriculture committee which promotes farming as the number one industry in the county and reconizes the contributon of farmers to the local economy. First accomplishment annual farmer and neighbor evening brings together over 325 farmers and their neighbors for a night of appreciation. Small business committee offers a series of workshops for business owners. Seminar topics can include starting up a business, internet marketing, advertising layout, and tax preparation. Tourism committee promotes many tourism. The Chamber offers the opportunity to participate in business networking by organizing events such as: luncheons, business after hours, and members only website business directory We offer Coffee Connection and Lunch Bunch networking opportunities. We publish an annual member only business directory. The chamber offers its members the following services: medical and dental insurance provided at group rates, member to member discounts, , office supply discount program , and delivery service discount program. The chamber sponsors annual recognition events including: Farmer Neighbor Dinner and Farm of the Year Award, FLX West Food Fest, ATHENA International Awards and Business of the Year Awards.
Operating model
- Revenue model
- Other-operating. 62% of the money available for current operations came from other operating revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. Program spending has declined or grown slowly and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 62
- Transparency & Controls: 90
- Accountability: 95
- Sustainability: 25
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 71.4%; rating input score 71
- Program expense ratio: 67.9%; rating input score 68
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 7 of 8 controls in place; rating input score 88
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Fail
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -5.1%; rating input score 24; 24th percentile among comparable filings
- Total-asset coverage ratio: 0.41; rating input score 19; 19th percentile among comparable filings
- Liabilities to assets ratio: 0.21; rating input score 31; 31st percentile among comparable filings
- Officer compensation ratio: 10.5%; rating input score 35; 35th percentile among comparable filings
Growth
- Program expense growth: -13.2% per year; rating input score 0; 4th percentile among comparable filings
- Revenue growth: -10.3% per year; rating input score 0; 3rd percentile among comparable filings
- Asset growth: -5% per year; rating input score 0; 7th percentile among comparable filings
Details
- Where the money goes: 71.4% of revenue deployed · 67.9% of spending went to programs
- Governance: 17 of 17 board members independent · 7 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $709K in reported program spending
- Leadership: top reported pay $110K · 17 people listed
- Consistency: 30 of 30 current checks pass
- Schedules: 3 filed schedules
- Filing history: 10 filing years from 2013 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: 1 filed related-organization link
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Operating margin scored 24/100.
- High — Sustainability: Total-asset coverage ratio scored 19/100.
- Review — Accountability: Governance controls: Audit committee oversight not reported.
- High — Growth: Asset growth scored 0/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 31/100.
- Moderate — Sustainability: Officer compensation ratio scored 35/100.