CUNY ECONOMIC DEVELOPMENT CORPORAT… - 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

2001

Legal Domicile

Principal Officer

JUDITH BERGTRAUM

Phone

6466642635

Tax Period

2017-07-01 to 2018-06-30

CUNY ECONOMIC DEVELOPMENT CORPORATION, founded in 2001, is a micro nonprofit in the Community Improvement sector that reported $13K in total revenue in fiscal year 2017. Revenue surged 57% from the prior year, signaling strong growth momentum. The organization ran a surplus of $6K, a strong 41% operating margin.

Mission

CUNY ECONOMIC DEVELOPMENT CORPORATION (CUNY EDC) WAS INCORPORATED IN MARCH 2001 TO SUPPORT AND ADVANCE THE EDUCATION, RESEARCH AND PUBLIC SERVICE MISSION OF THE CITY UNIVERSITY OF NEW YORK (CUNY). THE PRIMARY PURPOSES OF CUNY EDC ARE TO:1) BROADEN AND ENRICH THE ACADEMIC ENVIRONMENT AT CUNY BY PROVIDING ENTREPRENEURIAL OPPORTUNITIES TO CUNY FACULTY, STUDENTS AND STAFF;2)FOSTER RELATIONSHIPS BETWEEN CUNY AND THE NEW YORK CITY BUSINESS AND TECHNOLOGY COMMUNITY, THEREBY FACILITATING THE TRANSFER OF CUNY SCHOLARSHIPS TO THE PUBLIC; AND3) TO PROMOTE THE ECONOMIC DEVELOPMENT AND COMPETITIVENESS OF NEW YORK CITY AND NEW YORK STATE.

Program Service Accomplishments

Program 1

DURING FISCAL YEAR 2018, THE ORGANIZATION OPERATED FOR THE CHARITABLE PURPOSE OF SUPPORTING THE CITY UNIVERSITY OF NEW YORK ("CUNY").

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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 (2017)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $6,964

Other Revenue $6,419

TOTAL REVENUE $13,383

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $7,876

TOTAL EXPENSES $7,876

Year-over-Year Comparison

	2017	2016	Change
Revenue	$13,383	$8,507	+0.6%
Expenses	$7,876	$21,244	-0.6%
Net Income	$5,507	$-12,737	-1.4%

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

N/A

Employees

N/A

Volunteers

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

$653,235

Total Directors

$489,427

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JUDITH BERGTRAUM	VICE CHANCELLOR	1.00	Officer Director	$0	$0	$215,586
LORETTA MARTINEZ	COUNSEL AS OF 07/31/17	1.00	Officer Director	$0	$0	$102,334
JANE SOVERN	COUNSEL THRU 07/31/17	1.00	Officer Director	$0	$0	$171,507
JOHN ANTONELLI	EXECUTIVE DIRECTOR	1.00	Officer	$0	$0	$0
HOWARD ALTSCHULER	TREASURER THRU 04/2018	1.00	Officer	$0	$0	$0
JANE DAVIS	SECRETARY	1.00	Officer	$0	$0	$163,808

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
2018	$13,383	$7,876	$818,453	$5,507

CUNY ECONOMIC DEVELOPMENT CORPORATION