RETAIL COUNCIL OF NEW YORK STATE INC

EIN: 140923650 Community Improvement

ALBANY, NY

Total Revenue
$1,120,958
Total Expenses
$1,187,472
Total Assets
$3,241,765
Net Assets
$2,063,165
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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
1931
Legal Domicile
NY
Principal Officer
MELISSA O'CONNOR
Phone
5184653586
Tax Period
2023-09-01 to 2024-08-31

RETAIL COUNCIL OF NEW YORK STATE INC, founded in 1931, is a community nonprofit in the Community Improvement sector that reported $1.1M in total revenue in fiscal year 2023.

Mission

NONE

Program Service Accomplishments

Program 1
Expenses: $1,187,472 Revenue: $7,096

THE RETAIL COUNCIL OF NEW YORK STATE IS ONE OF THE LARGEST FULL-SERVICE MEMBERSHIP ASSOCATIONS REPRESENTING RETAILERS IN THE STATE. ONE OF ITS PRIMARY FUNCTIONS IS TO ADVOCATE FOR AND REPRESENT THE...

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THE RETAIL COUNCIL OF NEW YORK STATE IS ONE OF THE LARGEST FULL-SERVICE MEMBERSHIP ASSOCATIONS REPRESENTING RETAILERS IN THE STATE. ONE OF ITS PRIMARY FUNCTIONS IS TO ADVOCATE FOR AND REPRESENT THE INTEREST OF RETAILERS OF ALL SIZE AND VARIETY ON STATE GOVERNMENT AND STATE LEGISLATIVE CONCERNS. ADDITIONALLY, THE RETAIL COUNCIL PROVIDES A WIDE VARIETY OF MONEY-SAVING SERVICES AND PROGRAMS TO ITS MEMBERS AT MORE FAVORABLE GROUP COSTS, TERMS AND CONDITIONS THAN THEY CAN SECURE SEPARATELY OR INDIVIDUALLY.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $890,207
Program Service Revenue $86,443
Investment Income $106,802
Other Revenue $37,506
TOTAL REVENUE $1,120,958

Expense Breakdown

Grants Paid $0
Salaries & Benefits $885,506
Fundraising Expenses $0
Program Expenses $1,187,472
Other Expenses $301,966
TOTAL EXPENSES $1,187,472

Year-over-Year Comparison

2023 2022 Change
Revenue $1,120,958 $1,065,233 +0.1%
Expenses $1,187,472 $1,324,750 -0.1%
Net Income $-66,514 $-259,517 -0.7%
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

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Governance

Voting Members
11
Independent Members
10
Employees
10
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
6
$634,457
Total Directors
11
$422,050
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CLINTON HEGEMAN TREASURER 0.50
Officer Director
$750 $0 $750
SHARON FENNO CHAIRMAN 0.50
Officer Director
$1,500 $0 $1,500
JACK YONALLY DIRECTOR 0.50
Director
$750 $0 $750
DANIEL KILBERT DIRECTOR 0.50
Director
$0 $0 $0
CHARLES MILLER VICE CHAIRMAN 0.50
Officer Director
$0 $0 $0
DENEVAN O'CONNELL DIRECTOR 0.50
Director
$0 $0 $0
DAVEY MARCUS DIRECTOR 0.50
Director
$0 $0 $0
MATTHEW CAMPION DIRECTOR 0.50
Director
$0 $0 $0
BLAIR REINARMAN DIRECTOR 0.50
Director
$0 $0 $0
MELISSA O'CONNOR PRESIDENT AND CEO 37.50
Officer Director
$294,957 $48,123 $419,050
DAN LOPEZ SECRETARY 0.50
Officer Director
$0 $0 $0
ADAM HERSHBERG CFO 37.50
Officer
$93,764 $25,628 $213,157
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 $1,120,958 $1,187,472 $3,241,765 $-66,514
2023 $1,065,233 $1,324,750 $2,995,873 $-259,517
2022 $1,067,309 $1,411,744 $3,206,827 $-344,435
2021 $1,347,525 $1,623,305 $3,779,590 $-275,780
2020 $1,102,052 $1,390,761 $3,436,614 $-288,709
2019 $1,112,100 $1,455,196 $4,053,714 $-343,096
2018 $1,198,158 $1,280,867 $4,251,910 $-82,709
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