THE PUTNAM COMMUNITY FOUNDATION (EIN 061573024) - 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

1999

Legal Domicile

Principal Officer

JOSEPH DIVESTEA

Phone

8458782600

Tax Period

2022-06-01 to 2023-05-31

THE PUTNAM COMMUNITY FOUNDATION, founded in 1999, is a small nonprofit that reported $114K in total revenue in fiscal year 2022. Revenue fell 79% from the prior year — a significant decline worth monitoring. Expenses of $227K exceeded revenue, resulting in a 99% operating deficit.

Mission

TO BUILD AND MAINTAIN SENIOR HOUSING IN THE HUDSON VALLEY NEW YORK AREA, AS PART OF ITS PURPOSE OF PROMOTING THE WELL BEING OF THE RESIDENTS OF PUTNAM COUNTY AND THE HUDSON VALLEY, AND TO OTHERWISE SUPPORT THE LOCAL COMMUNITIES.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $113,894

Investment Income $0

Other Revenue $0

TOTAL REVENUE $113,894

Expense Breakdown

Grants Paid $0

Salaries & Benefits $25,060

Fundraising Expenses $0

Program Expenses $174,599

Other Expenses $201,564

TOTAL EXPENSES $226,624

Year-over-Year Comparison

	2022	2021	Change
Revenue	$113,894	$538,214	-0.8%
Expenses	$226,624	$708,606	-0.7%
Net Income	$-112,730	$-170,392	-0.3%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BARBARA BRANGAN	DIRECTOR	N/A	Director	$0	$0	$0
PAMELA CAPASSO	DIRECTOR	N/A	Director	$0	$0	$0
CORRINNE DIVESTEA	DIRECTOR	N/A	Director	$0	$0	$0
JOSEPH DIVESTEA	CHAIRMAN	N/A	Officer Director	$0	$0	$0
EDWARD ISLER	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
2023	$113,894	$226,624	$839,471	$-112,730
2022	$538,214	$708,606	$7,832,736	$-170,392
2021	$531,628	$782,046	$8,089,000	$-250,418
2020	$502,203	$766,560	$8,320,011	$-264,357
2019	$505,892	$722,270	$8,585,693	$-216,378

THE PUTNAM COMMUNITY FOUNDATION