HUDSON RIVER FOUNDATION FOR SCIENC… - Form 990 Financial Data

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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

1981

Legal Domicile

Principal Officer

JONATHAN KRAMER

Phone

2124837667

Tax Period

2023-01-01 to 2023-12-31

HUDSON RIVER FOUNDATION FOR SCIENCE AND ENVIRONMENTAL RESEARCH INC, founded in 1981, is a community nonprofit in the Environment sector that reported $2.0M in total revenue in fiscal year 2023. Revenue fell 92% from the prior year — a significant decline worth monitoring. Expenses of $4.5M exceeded revenue, resulting in a 120% operating deficit.

Mission

THE MISSION OF THE HUDSON RIVER FOUNDATION IS TO INSPIRE AND INFORM ACTION THROUGH SCIENCE AND ENGAGING PEOPLE TO ENHANCE THE HUDSON RIVER, ESTUARY, AND WATERSHED (SEE SCHEDULE O).

Program Service Accomplishments

Program 1

Expenses: $3,889,116

THE PURPOSE OF THE FOUNDATION IS TO SUPPORT SCIENTIFIC RESEARCH; ENGAGE DIVERSE STAKEHOLDERS INCLUDING SCIENTISTS, POLICY MAKERS, AND COMMUNITIES; PROVIDE TARGETED EDUCATION OPPORTUNITIES AND...

THE PURPOSE OF THE FOUNDATION IS TO SUPPORT SCIENTIFIC RESEARCH; ENGAGE DIVERSE STAKEHOLDERS INCLUDING SCIENTISTS, POLICY MAKERS, AND COMMUNITIES; PROVIDE TARGETED EDUCATION OPPORTUNITIES AND COMMUNICATIONS THAT EXPAND KNOWLEDGE; AND IMPLEMENT INITIATIVES TO ENHANCE MANAGEMENT OF THE HUDSON RIVER ECOSYSTEM FOR NATURE AND PEOPLE.

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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 $1,900,228

Program Service Revenue $0

Investment Income $56,373

Other Revenue $87,013

TOTAL REVENUE $2,043,614

Expense Breakdown

Grants Paid $444,708

Salaries & Benefits $2,032,341

Fundraising Expenses $0

Program Expenses $3,889,116

Other Expenses $2,022,816

TOTAL EXPENSES $4,499,865

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,043,614	$26,504,704	-0.9%
Expenses	$4,499,865	$3,046,253	+0.5%
Net Income	$-2,456,251	$23,458,451	-1.1%

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

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

$478,226

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT ELLIOTT	CHAIR	2.00	Officer Director	$0	$0	$0
ELIZABETH BLAIR	DIRECTOR	2.00	Director	$0	$0	$0
CHRISTOPHER J DAGGETT	DIRECTOR	2.00	Director	$0	$0	$0
MARGARETTA A DOWNEY	DIRECTOR	2.00	Director	$0	$0	$0
GENE E LIKENS PHD	DIRECTOR	2.00	Director	$0	$0	$0
ELIZABETH LOWE	SECRETARY	2.00	Officer Director	$0	$0	$0
WILLIAM MATUSZESKI	DIRECTOR	2.00	Director	$0	$0	$0
ANITA NAGER	DIRECTOR	2.00	Director	$0	$0	$0
S MACKINTOSH PULSIFER	TREASURER	2.00	Officer Director	$0	$0	$0
ERNEST J TOLLERSON III	DIRECTOR	2.00	Director	$0	$0	$0
SOLOMON B WATSON IV	DIRECTOR	2.00	Director	$0	$0	$0
KATHLEEN C WEATHERS	DIRECTOR	2.00	Director	$0	$0	$0
CHARLES HAMILTON	DIRECTOR	2.00	Director	$0	$0	$0
JONATHAN KRAMER	PRESIDENT	35.00	Officer	$273,353	$22,980	$296,333
CARL MARCHESE	CONTROLLER	35.00	Officer	$129,369	$52,524	$181,893
JAMES LODGE	PROJECT/GRANT COORDINATOR	35.00	Highest	$171,590	$48,086	$219,676
ROBERT PIRANI	NJ/NY HEP DIRECTOR	35.00	Highest	$207,719	$21,784	$229,503
HELENA ANDREYKO	GRANTS MANAGER	35.00	Highest	$130,644	$31,810	$162,454

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	$2,043,614	$4,499,865	$49,344,365	$-2,456,251
2022	$26,504,704	$3,046,253	$47,532,882	$23,458,451
2021	$2,143,856	$3,428,515	$47,259,878	$-1,284,659
2020	$1,711,986	$3,762,967	$44,144,233	$-2,050,981
2019	$1,533,724	$3,943,886	$41,698,528	$-2,410,162
2018	$1,636,979	$4,513,926	$39,659,508	$-2,876,947

HUDSON RIVER FOUNDATION FOR SCIENCE AND ENVIRONMENTAL RESEARCH INC