BUSINESS COUNCIL OF NEW YORK STATE INC

EIN: 141401680

ALBANY, NY

Total Revenue
$7,567,509
Total Expenses
$7,040,018
Total Assets
$4,848,747
Net Assets
$-455,603
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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
1980
Legal Domicile
NY
Principal Officer
HEATHER MULLIGAN ESQ
Phone
5184657511
Tax Period
2023-01-01 to 2023-12-31

BUSINESS COUNCIL OF NEW YORK STATE INC, founded in 1980, is a community nonprofit that reported $7.6M in total revenue in fiscal year 2023. Expenses of $7.0M left a modest 7% surplus.

Mission

TO BE THE VOICE OF BUSINESS AND EMPLOYERS IN NEW YORK STATE.

Program Service Accomplishments

Program 1

THE BUSINESS COUNCIL (TBC) REPRESENTS THE STATE'S BUSINESS COMMUNITY BY PROVIDING ADVOCACY, RESEARCH, AND ANALYSIS ON STATE BUDGETS, LEGISLATION AND REGULATIONS THAT IMPACT THE COST OF DOING BUSINESS...

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THE BUSINESS COUNCIL (TBC) REPRESENTS THE STATE'S BUSINESS COMMUNITY BY PROVIDING ADVOCACY, RESEARCH, AND ANALYSIS ON STATE BUDGETS, LEGISLATION AND REGULATIONS THAT IMPACT THE COST OF DOING BUSINESS IN NEW YORK. THROUGH THIS PROCESS, TBC DEVELOPS A PUBLIC POLICY AGENDA, PROVIDES EDUCATION THROUGH CONFERENCES, WEBINARS, SEMINARS, AND ISSUES PUBLICATIONS SUPPORTING ECONOMIC GROWTH AND DEVELOPMENT.

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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 $29,711
Program Service Revenue $5,315,774
Investment Income $61,286
Other Revenue $2,160,738
TOTAL REVENUE $7,567,509

Expense Breakdown

Grants Paid $0
Salaries & Benefits $5,046,808
Fundraising Expenses $0
Other Expenses $1,993,210
TOTAL EXPENSES $7,040,018

Year-over-Year Comparison

2023 2022 Change
Revenue $7,567,509 $7,220,492 +0.0%
Expenses $7,040,018 $6,649,236 +0.1%
Net Income $527,491 $571,256 -0.1%
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
56
Independent Members
55
Employees
46
Volunteers
55

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
10
$470,128
Total Directors
57
$470,128
Key Employees
2
$474,749
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HEATHER C MULLIGAN PRESIDENT & CEO 31.00
Officer Director
$430,459 $26,356 $470,128
DONNA L DECAROLIS VICE CHAIR 1.00
Officer Director
$0 $0 $0
ERIC MOWER VICE CHAIR 1.00
Officer Director
$0 $0 $0
OLIVER KARDOS TREASURER 1.00
Officer Director
$0 $0 $0
KIMBERLY TOWNSEND SECRETARY 1.00
Officer Director
$0 $0 $0
MARSHA GORDON VICE CHAIR 1.00
Officer Director
$0 $0 $0
PAUL S SPERANZA JR VICE CHAIR 1.00
Officer Director
$0 $0 $0
RICH CONSTABLE CHAIR 1.00
Officer Director
$0 $0 $0
DAWN BURLEW VICE CHAIR 1.00
Officer Director
$0 $0 $0
E MARIA BOONIE VICE CHAIR 1.00
Officer Director
$0 $0 $0
MATTHEW AUGUSTINE DIRECTOR 1.00
Director
$0 $0 $0
MARTIN K BIRMINGHAM DIRECTOR 1.00
Director
$0 $0 $0
JEFFREY H BARKER DIRECTOR 1.00
Director
$0 $0 $0
B REUBEN AUSPITZ DIRECTOR 1.00
Director
$0 $0 $0
DENNIS C VACCO DIRECTOR 1.00
Director
$0 $0 $0
CHRIS CAPONE DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL EDBAUER DIRECTOR 1.00
Director
$0 $0 $0
ROBERT J DUFFY DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL J DOYLE DIRECTOR 1.00
Director
$0 $0 $0
KEITH DOLAN DIRECTOR 1.00
Director
$0 $0 $0
CHRISTOPHER DEL VECCHIO DIRECTOR 1.00
Director
$0 $0 $0
GREGORY CORSO DIRECTOR 1.00
Director
$0 $0 $0
HOWARD FOOTE DIRECTOR 1.00
Director
$0 $0 $0
PAUL F CIMINELLI DIRECTOR 1.00
Director
$0 $0 $0
ROGER G ARRIEUX DIRECTOR 1.00
Director
$0 $0 $0
JASON MARTIN DIRECTOR 1.00
Director
$0 $0 $0
DAVID BULLWINKLE DIRECTOR 1.00
Director
$0 $0 $0
ALLEN FORE DIRECTOR 1.00
Director
$0 $0 $0
JEFF VUKELIC DIRECTOR 1.00
Director
$0 $0 $0
J THEODORE SMITH DIRECTOR 1.00
Director
$0 $0 $0
PETER CHYNOWETH DIRECTOR 1.00
Director
$0 $0 $0
ELIZABETH GOLDEN DIRECTOR 1.00
Director
$0 $0 $0
PAUL V TAFFE DIRECTOR 1.00
Director
$0 $0 $0
CAMILLE JOSEPH-GOLDMAN DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL J NEVINS DIRECTOR 1.00
Director
$0 $0 $0
KIRK GRAVELY DIRECTOR 1.00
Director
$0 $0 $0
MARKUS GREEN DIRECTOR 1.00
Director
$0 $0 $0
DEBABRATA MUKHERJEE DIRECTOR 1.00
Director
$0 $0 $0
STEVEN P METZGER DIRECTOR 1.00
Director
$0 $0 $0
JUNIOR HAREWOOD DIRECTOR 1.00
Director
$0 $0 $0
KEVIN L LUING DIRECTOR 1.00
Director
$0 $0 $0
JOHN B KING DIRECTOR 1.00
Director
$0 $0 $0
STEPHEN OBERMAYER DIRECTOR 1.00
Director
$0 $0 $0
LAURIE KELLY DIRECTOR 1.00
Director
$0 $0 $0
KENNETH R THEOBALDS DIRECTOR 1.00
Director
$0 $0 $0
JENNIFER CRUICKSHANK DIRECTOR 1.00
Director
$0 $0 $0
ALYSIA STEINMANN DIRECTOR 1.00
Director
$0 $0 $0
CHRISTOPHER JAGEL DIRECTOR 1.00
Director
$0 $0 $0
JOSEPH M HANNA DIRECTOR 1.00
Director
$0 $0 $0
DAVID WARNER DIRECTOR 1.00
Director
$0 $0 $0
JEREL T GOLUB DIRECTOR 1.00
Director
$0 $0 $0
JAMES R REED DIRECTOR 1.00
Director
$0 $0 $0
CHARLES A FRENI DIRECTOR 1.00
Director
$0 $0 $0
PAUL R COMEAU DIRECTOR 1.00
Director
$0 $0 $0
MICHELE MCCABE DIRECTOR 1.00
Director
$0 $0 $0
GREGORY SHOEMAKER DIRECTOR 1.00
Director
$0 $0 $0
RUDOLPH WYNTER DIRECTOR 1.00
Director
$0 $0 $0
SUZANNE JENSEN CFO 35.00
Key Emp
$210,835 $9,359 $220,194
PAUL ZUBER EXECUTIVE VICE PRESIDENT 35.00
Key Emp
$244,511 $10,044 $254,555
KENNETH POKALSKY VICE PRESIDENT 35.00
Highest
$224,463 $22,330 $249,060
BELINDA HILTON DIRECTOR OF FINANCE 35.00
Highest
$136,685 $24,591 $161,276
CHELSEA LEMON DIR -GOV'T AFFAIRS 35.00
Highest
$142,913 $7,570 $150,483
MARK NAVIN DIR OF INSURANCE FUND 35.00
Highest
$163,940 $27,703 $191,643
HOWARD BECKER VP-MEMBERSHIP 35.00
Highest
$244,575 $21,311 $265,886
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 No data No data No data No data
2023 $7,567,509 $7,040,018 $4,848,747 $527,491
2022 $7,220,492 $6,649,236 $4,890,210 $571,256
2021 $7,333,702 $6,171,219 $3,864,657 $1,162,483
2020 $6,768,421 $5,988,526 $3,396,052 $779,895
2019 $7,855,272 $6,780,924 $3,622,176 $1,074,348
2018 $7,423,417 $7,637,037 $4,286,723 $-213,620
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