ALBANY LAW SCHOOL

EIN: 141338309 501(c)(3) Education

Albany, NY

Total Revenue
$46,019,208
Total Expenses
$48,189,553
Total Assets
$109,878,931
Net Assets
$99,807,280
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1851
Legal Domicile
NY
Principal Officer
Victor Rauscher
Phone
5184452391
Tax Period
2024-07-01 to 2025-06-30

ALBANY LAW SCHOOL, founded in 1851, is a mid-sized nonprofit in the Education sector that reported $46.0M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Net assets of $99.8M represent 26 months of operating reserves.

Mission

Albany Law School educates and empowers lawyers and leaders through a rigorous and innovative program of study providing students with the knowledge, values, critical thinking skills, and transformational competencies necessary to become ethical and effective professionals in a rapidly changing world. Our students will promote the rule of law, equity, and access to justice in their professional pursuits and advance their careers using a sophisticated understanding of the law to improve society.

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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 (2024)

Revenue Breakdown

Contributions & Grants $2,841,127
Program Service Revenue $37,922,504
Investment Income $5,018,309
Other Revenue $237,268
TOTAL REVENUE $46,019,208

Expense Breakdown

Grants Paid $20,438,485
Salaries & Benefits $17,101,648
Fundraising Expenses $1,936,533
Program Expenses $38,532,616
Other Expenses $10,639,893
TOTAL EXPENSES $48,189,553

Year-over-Year Comparison

2024 2023 Change
Revenue $46,019,208 $42,073,727 +0.1%
Expenses $48,189,553 $45,981,303 +0.0%
Net Income $-2,170,345 $-3,907,576 -0.4%
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

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Governance

Voting Members
34
Independent Members
34
Employees
454
Volunteers
650

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
$813,802
Total Directors
33
$0
Key Employees
5
$1,480,403
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Cinnamon P Carlarne President and Dean 35
Officer Key Emp
$451,891 $39,558 $491,449
Alicia Ouellette Former President and Dean 0
$416,767 $40,858 $457,625
Victor E Rauscher Vice President for Finance and Business 35
Officer Key Emp
$286,575 $35,778 $322,353
Jeffrey Schanz Vice President for Institutional Advancement and Chief of Staff 35
Key Emp
$232,647 $45,055 $277,702
Raymond Brescia Faculty 35
Highest
$207,579 $37,293 $244,872
Keith Hirokawa Faculty 35
Highest
$178,732 $36,200 $214,932
Patrick Connors Faculty 35
Highest
$188,950 $13,862 $202,812
Jonathan Rosenbloom Faculty 35
Highest
$194,035 $8,572 $202,607
Rosemary Queenan Associate Dean for Academic Affairs 35
Key Emp
$184,443 $14,116 $198,559
Connie Mayer Faculty 35
Highest
$177,428 $20,633 $198,061
Jenean Taranto Associate Dean for Student Affairs 35
Key Emp
$148,797 $41,543 $190,340
Dianne R Phillips Trustee - Vice Chair 0
Officer Director
$0 $0 $0
Denise V Gonick Trustee - Secretary 2
Officer Director
$0 $0 $0
J Kevin McCarthy Trustee - Treasurer 2
Officer Director
$0 $0 $0
Jeanine Arden-Ornt Trustee 2
Director
$0 $0 $0
Keiki-Michael Cabanos Trustee 2
Director
$0 $0 $0
Robert L Capers Trustee 2
Director
$0 $0 $0
Emily D Chapman Trustee 2
Director
$0 $0 $0
Andrea L Colby Trustee 2
Director
$0 $0 $0
William J Curry Trustee 2
Director
$0 $0 $0
Jon A Dorf Trustee 2
Director
$0 $0 $0
Justice Elizabeth A Garry Trustee 2
Director
$0 $0 $0
Damien Granderson Trustee 2
Director
$0 $0 $0
James E Hacker Trustee 2
Director
$0 $0 $0
Ashley King Trustee 2
Director
$0 $0 $0
Laurie S Marsh Trustee 2
Director
$0 $0 $0
David E McCraw Trustee 2
Director
$0 $0 $0
Amy F Melican Trustee 2
Director
$0 $0 $0
Patricia Murphy Trustee 2
Director
$0 $0 $0
Sean M Murphy Trustee 2
Director
$0 $0 $0
Timothy D O'Hara Trustee 2
Director
$0 $0 $0
Kimberly Petillo-Decossard Trustee 2
Director
$0 $0 $0
Stephen J Rehfuss Trustee 2
Director
$0 $0 $0
Christina L Ryba Trustee 2
Director
$0 $0 $0
James J Sandman Trustee 2
Director
$0 $0 $0
William F Schwitter Jr Trustee 2
Director
$0 $0 $0
Katherine M Sheehan Trustee 2
Director
$0 $0 $0
Christine G Stone Trustee 2
Director
$0 $0 $0
Bruce Stuart Trustee 2
Director
$0 $0 $0
Kathryn L Tabner Trustee 2
Director
$0 $0 $0
Debra B Treyz Trustee 2
Director
$0 $0 $0
Frank P Willey Trustee 2
Director
$0 $0 $0
Jack Withiam Trustee 2
Director
$0 $0 $0
Benjamin Wolf Trustee 2
Director
$0 $0 $0
Dan S Grossman Trustee - Chair 2
Officer
$0 $0 $0
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 $46,019,208 $48,189,553 $109,878,931 $-2,170,345
2024 No data No data No data No data
2023 $38,555,381 $44,162,845 $105,565,802 $-5,607,464
2022 $39,157,499 $40,144,624 $104,949,102 $-987,125
2021 $40,164,228 $36,701,002 $122,483,245 $3,463,226
2020 $34,292,066 $33,950,120 $108,102,273 $341,946
2019 $40,831,065 $32,382,016 $108,107,333 $8,449,049
2018 $40,481,167 $28,277,906 $96,709,760 $12,203,261
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