HEALTHY CAPITAL DISTRICT INITIATIVE INC (EIN 100000023) - 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

1976

Legal Domicile

Principal Officer

KEVIN JOBIN-DAVIS

Phone

5184627040

Tax Period

2023-01-01 to 2023-12-31

HEALTHY CAPITAL DISTRICT INITIATIVE INC, founded in 1976, is a community nonprofit in the Youth Development sector that reported $1.7M in total revenue in fiscal year 2023. Revenue decreased 19% compared to the prior year. Expenses of $2.1M exceeded revenue, resulting in a 21% operating deficit.

Mission

TO DEVELOP A STRATEGIC WORK PLAN DESIGNED TO IMPROVE THE HEALTH OF THE RESIDENTS OF PRIMARILY ALBANY, RENSSELAER AND SCHECECTADY COUNTIES. TO MOBILIZE ALL SEGMENTS OF THE COMMUNITY TO MAKE MEASURABLE AND SUSTAINABLE IMPROVEMENTS IN SELECTED AND PRIORITIZED PUBLIC HEALTH CONDITIONS.

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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 $1,066,430

Program Service Revenue $643,487

Investment Income $-1,640

Other Revenue $0

TOTAL REVENUE $1,708,277

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,706,250

Fundraising Expenses $0

Program Expenses $1,864,619

Other Expenses $362,317

TOTAL EXPENSES $2,068,567

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,708,277	$2,106,626	-0.2%
Expenses	$2,068,567	$1,909,827	+0.1%
Net Income	$-360,290	$196,799	-2.8%

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
KATHERINE DEROSA	CHAIR	1.00	Officer Director	$0	$0	$0
ELIZABETH WHALEN	VICE CHAIR	1.00	Officer Director	$0	$0	$0
ERICA COLETTI	SECRETARY	1.00	Officer Director	$0	$0	$0
DEBRA SCHIMPF	TREASURER	1.00	Director	$0	$0	$0
PEGGY DIMANNNO	DIRECTOR	1.00	Director	$0	$0	$0
EMILY SPINNER	DIRECTOR	1.00	Director	$0	$0	$0
MARY FRAN WACHUNAS	DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE THIVIERGE	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH MARTIN	DIRECTOR	1.00	Director	$0	$0	$0
KEITH BROWN	DIRECTOR	1.00	Director	$0	$0	$0
LORI MECCA	DIRECTOR	1.00	Director	$0	$0	$0
SHEILA NELSON	DIRECTOR	1.00	Director	$0	$0	$0
MEG WALLINGFORD	DIRECTOR	1.00	Director	$0	$0	$0
XAVIER MCDANIEL	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES DAY	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN JOBIN-DAVIS	EXECUTIVE DIRECTOR	40.00	Highest	$165,500	$12,241	$177,741

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	$1,708,277	$2,068,567	$2,450,430	$-360,290
2022	$2,106,626	$1,909,827	$2,561,097	$196,799
2021	$1,916,940	$1,694,706	$2,665,920	$222,234
2020	$1,674,774	$1,793,850	$2,693,280	$-119,076
2019	$3,078,125	$2,126,040	$2,523,449	$952,085
2018	$2,498,095	$2,167,783	$1,604,038	$330,312

HEALTHY CAPITAL DISTRICT INITIATIVE INC