EPISCOPAL CHARITIES OF ALBANY INC (EIN 141338347) - Form 990 Financial Analysis & Trantor Score

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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

1999

Legal Domicile

Principal Officer

LYDIA CHAN

Phone

5186923350

Tax Period

2024-01-01 to 2024-12-31

EPISCOPAL CHARITIES OF ALBANY INC, founded in 1999, is a small nonprofit in the Health Care sector that reported $218K in total revenue in fiscal year 2024. Revenue fell 47% from the prior year — a significant decline worth monitoring. Expenses of $382K exceeded revenue, resulting in a 75% operating deficit.

Mission

TO PROVIDE FUNDING TO PAY FOR THE COST OF HEALTH CARE SERVICES FOR PEOPLE OF ALL FAITHS WITHIN THE DIOCESE OF ALBANY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $218,471

Other Revenue $0

TOTAL REVENUE $218,471

Expense Breakdown

Grants Paid $257,801

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $257,801

Other Expenses $124,345

TOTAL EXPENSES $382,146

Year-over-Year Comparison

	2024	2023	Change
Revenue	$218,471	$410,843	-0.5%
Expenses	$382,146	$335,592	+0.1%
Net Income	$-163,675	$75,251	-3.2%

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

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

$194,384

Total Directors

$194,384

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BISHOP JEREMIAH WILLIAMSON	CHAIR	1.00	Officer Director	$0	$64,364	$144,326
MTR KARLA BANACH	VICE CHAIR	0.00	Officer Director	$0	$0	$0
FR MARTY WENDELL	SECRETARY	0.00	Officer Director	$0	$0	$0
RICHARD J CARROLL JR	TREASURER	0.00	Officer Director	$0	$0	$0
REBECCA LYTLE	DIRECTOR	0.00	Director	$0	$0	$0
CAROL DRUMMOND	DIRECTOR	0.00	Director	$0	$0	$0
MTR SONYA BOYCE	DIRECTOR	0.00	Director	$0	$0	$0
REV CANON NEAL P LONGE	DIRECTOR OF FINANCE	1.00	Officer Director	$0	$6,750	$50,058

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	$218,471	$382,146	$11,584,058	$-163,675
2023	$410,843	$335,592	$11,393,284	$75,251
2022	$401,754	$336,001	$10,192,763	$65,753
2021	$357,409	$331,933	$11,905,645	$25,476
2020	$339,432	$317,550	$10,262,598	$21,882
2019	$314,936	$323,827	$9,643,852	$-8,891
2018	$307,984	$313,829	$8,044,562	$-5,845

EPISCOPAL CHARITIES OF ALBANY INC