ALBANY CATHOLIC PRESS ASSOCIATION … - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1926

Legal Domicile

Principal Officer

MICHAEL MATVEY

Phone

5184536688

Tax Period

2023-01-01 to 2023-12-31

ALBANY CATHOLIC PRESS ASSOCIATION INC, founded in 1926, is a small nonprofit in the Religion sector that reported $882K in total revenue in fiscal year 2023. Revenue fell 21% from the prior year — a significant decline worth monitoring. Net assets of $4.9M represent 67 months of operating reserves.

Mission

PUBLICATION OF THE NEWSPAPER TO INCREASE THE CIRCULATION OF INFORMATION ON CURRENT ISSUES WITHIN THE CATHOLIC COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $794,893 Revenue: $469,026

PUBLICATION OF THE NEWSPAPER HAS INCREASED THE CIRCULATION OF INFORMATION ON CURRENT ISSUES WITHIN THE CATHOLIC COMMUNITY

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $646,934

Investment Income $235,371

Other Revenue $118

TOTAL REVENUE $882,423

Expense Breakdown

Grants Paid $0

Salaries & Benefits $380,343

Fundraising Expenses $0

Program Expenses $794,893

Other Expenses $579,868

TOTAL EXPENSES $960,211

Year-over-Year Comparison

	2023	2022	Change
Revenue	$882,423	$1,121,497	-0.2%
Expenses	$960,211	$1,005,912	0.0%
Net Income	$-77,788	$115,585	-1.7%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$89,151

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANTHONY ESPOSITO	BOARD MEMBER	1.00	Director	$0	$0	$0
REV ROBERT HOHENSTEIN	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMES MCGUINNESS	BOARD MEMBER	1.00	Director	$0	$0	$0
RON MASI	BOARD MEMBER	1.00	Director	$0	$0	$0
PHIL WAJDA	BOARD MEMBER	1.00	Director	$0	$0	$0
PAUL MCEVOY	BOARD MEMBER	1.00	Director	$0	$0	$0
FATHER THOMAS MORRETTE	BOARD MEMBER	1.00	Director	$0	$0	$0
KATHY BARRANS	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL LASCH	TREASURER	1.00	Officer	$0	$0	$0
BISHOP EDWARD SCHARFENBERGER	CHAIRMAN	1.00	Officer	$0	$0	$0
FATHER DAVID LEFORT	PRESIDENT	1.00	Officer	$0	$0	$0
BOB BELLAFIORE	SECRETARY	1.00	Officer	$0	$0	$0
MICHAEL MATVEY	ASSISTANT TREASURER/EDITOR	35.00	Officer	$83,319	$5,832	$89,151

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	$882,423	$960,211	$5,034,784	$-77,788
2022	$1,121,497	$1,005,912	$4,467,450	$115,585
2021	$983,787	$952,771	$5,698,597	$31,016
2020	$830,008	$973,532	$4,885,493	$-143,524
2019	$917,733	$1,031,944	$4,398,769	$-114,211
2018	$951,178	$941,766	$3,640,738	$9,412

ALBANY CATHOLIC PRESS ASSOCIATION INC