UPPER ALBANY MAIN STREET PROGRAM INC (EIN 061599527) - 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

2008

Legal Domicile

Principal Officer

BEVERLY REDD

Tax Period

2023-07-01 to 2024-06-30

UPPER ALBANY MAIN STREET PROGRAM INC, founded in 2008, is a small nonprofit in the Community Improvement sector that reported $252K in total revenue in fiscal year 2023. Revenue fell 23% from the prior year — a significant decline worth monitoring. Expenses of $307K exceeded revenue, resulting in a 22% operating deficit.

Mission

We preserve, revitalize, and support the commercial district, creating a center of choiceby collaborating with residents and stakeholders to foster a successful community.

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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 $252,209

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $252,209

Expense Breakdown

Grants Paid $0

Salaries & Benefits $192,064

Fundraising Expenses $0

Program Expenses $306,762

Other Expenses $114,698

TOTAL EXPENSES $306,762

Year-over-Year Comparison

	2023	2022	Change
Revenue	$252,209	$327,448	-0.2%
Expenses	$306,762	$364,900	-0.2%
Net Income	$-54,553	$-37,452	+0.5%

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

$88,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BEVERLY REDD	EXECUTIVE DIRECTOR	40.00	Officer	$88,000	$0	$88,000
JOHN ROBINSON	MEMBER	1.00	Director	$0	$0	$0
ROSE FRETT	MEMBER	1.00	Director	$0	$0	$0
CARMEN COTEI	TREASURER	1.00	Director	$0	$0	$0
AARTI IVANIC	MEMBER	1.00	Director	$0	$0	$0
TJ CLARK	COUNCILMAN	1.00	Director	$0	$0	$0
HERMAN M TODD	CHAIR	1.00	Director	$0	$0	$0
PRECIOUS ROSS-ELLIS	VOCE CHAIR	1.00	Director	$0	$0	$0
JUDY GOUGH	MEMBER	1.00	Director	$0	$0	$0
HORTENSE ROSS	MEMBER	1.00	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
2025	No data	No data	No data	No data
2024	$252,209	$306,762	$-26,471	$-54,553
2023	$327,448	$364,900	$28,082	$-37,452

UPPER ALBANY MAIN STREET PROGRAM INC