ALBANY MEDICAL COLLEGE ALUMNI ASSO… - Form 990 Financial Data

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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

1960

Legal Domicile

Principal Officer

SANDRA DINOTO

Phone

5182625867

Tax Period

2023-01-01 to 2023-12-31

ALBANY MEDICAL COLLEGE ALUMNI ASSOC INC, founded in 1960, is a small nonprofit in the Education sector that reported $518K in total revenue in fiscal year 2023. Net assets of $6.7M represent 155 months of operating reserves.

Mission

THE AMC ALUMNI ASSOCIATION IS AN INDEPENDENT NON-PROFIT ORGANIZATION ORGANIZED TO SUPPORT LIFELONG RELATIONSHIPS WITH AND AMONG CURRENT AND FUTURE ALBANY MEDICAL COLLEGE ALUMNI. AS A COMMITTED PARTNER OF AMC, THE ASSOCIATION SUPPORTS AND ADVANCES THE MISSION OF THE COLLEGE OFFERING PROGRAMS AND SERVICES FOR OUR ALUMNI, FACULTY, AND STUDENTS.

Program Service Accomplishments

Program 1

Expenses: $107,994

SCHOLARSHIPS - TO PROVIDE SCHOLARSHIPS AND AWARDS TO MEDICAL STUDENTS TO SUPPORT THEM WITH THEIR MEDICAL EDUCATION.

Program 2

Expenses: $52,535

SPECIAL EVENTS - TO CONDUCT REGIONAL ALUMNI FUNCTIONS AND REUNION ACTIVITIES FOR ALUMNI ENGAGEMENT AND STUDENT RECOGNITION/DEVELOPMENT PROGRAMS AND ORIENTATION AND COMMENCEMENT EVENTS FOR MEDICAL...

SPECIAL EVENTS - TO CONDUCT REGIONAL ALUMNI FUNCTIONS AND REUNION ACTIVITIES FOR ALUMNI ENGAGEMENT AND STUDENT RECOGNITION/DEVELOPMENT PROGRAMS AND ORIENTATION AND COMMENCEMENT EVENTS FOR MEDICAL STUDENTS.

Program 3

Expenses: $191,540

STUDENT SUPPORT - TO PROVIDE MEDICAL STUDENTS WITH TRAVEL STIPENDS WHEN PRESENTING AT CLINICAL CONFERENCES AND FOR STUDENT CLUBS, MENTORSHIP ACTIVITIES, VISITING ALUMNI PROGRAMS AND STUDENT GROUP...

STUDENT SUPPORT - TO PROVIDE MEDICAL STUDENTS WITH TRAVEL STIPENDS WHEN PRESENTING AT CLINICAL CONFERENCES AND FOR STUDENT CLUBS, MENTORSHIP ACTIVITIES, VISITING ALUMNI PROGRAMS AND STUDENT GROUP EVENTS AND EDUCATIONAL INITIATIVES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $187,962

Program Service Revenue $0

Investment Income $381,078

Other Revenue $-51,394

TOTAL REVENUE $517,646

Expense Breakdown

Grants Paid $134,931

Salaries & Benefits $212,701

Fundraising Expenses $0

Program Expenses $352,069

Other Expenses $189,677

TOTAL EXPENSES $537,309

Year-over-Year Comparison

	2023	2022	Change
Revenue	$517,646	$-115,375	-5.5%
Expenses	$537,309	$571,891	-0.1%
Net Income	$-19,663	$-687,266	-1.0%

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

$101,629

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHERINE E HALLIGAN MS	DIRECTOR	1.00	Director	$0	$0	$0
DAVID M JONES MD	PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
JEFFREY D HUBBARD MD	DIRECTOR	1.00	Officer Director	$0	$0	$0
CLIFFORD ERICKSON MD	SECRETARY	1.00	Officer Director	$0	$0	$0
ANTHONY C CAMPAGNA MD	DIRECTOR	1.00	Director	$0	$0	$0
NANCY SAPIO MD	DIRECTOR	1.00	Director	$0	$0	$0
URSULA MATULONIS MD	PRESIDENT	1.00	Officer Director	$0	$0	$0
THOMAS HELM MD	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL MUELLER MS PA-C	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN ROBERTS MD	DIRECTOR	1.00	Director	$0	$0	$0
PETER MANES MD	PRESIDENT-ELECT	1.00	Officer Director	$0	$0	$0
MICHAEL T MULLIGAN MD	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW MAK MD	DIRECTOR	1.00	Director	$0	$0	$0
ALAN S NYQUIST MD	DIRECTOR	1.00	Director	$0	$0	$0
GIOVANNA MAHAR CRNA DNAPMS	DIRECTOR	1.00	Director	$0	$0	$0
ALEENA PAUL MD	DIRECTOR	1.00	Director	$0	$0	$0
DOUGLAS A TEBOR MD	TREASURER	1.00	Officer Director	$0	$0	$0
JOSEPH GARVEY MD	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS SNYDER MD	DIRECTOR	1.00	Director	$0	$0	$0
JOHN LAMAR PHD	DIRECTOR	1.00	Director	$0	$0	$0
ARNOLD M ROSEN MD	DIRECTOR	1.00	Director	$0	$0	$0
MITCHELL BAMBERGER MD	DIRECTOR	1.00	Director	$0	$0	$0
JANET GARGIULO MD	DIRECTOR	1.00	Director	$0	$0	$0
GARY L SUTTER MD	DIRECTOR	1.00	Director	$0	$0	$0
EVAN VOSBURGH MD	DIRECTOR	1.00	Director	$0	$0	$0
SANDRA J DINOTO	EXECUTIVE DIRECTOR	40.00	Officer	$0	$0	$101,629

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	$517,646	$537,309	$6,698,252	$-19,663
2022	$-115,375	$571,891	$6,048,971	$-687,266
2021	$658,627	$579,547	$7,107,404	$79,080
2020	$230,352	$506,754	$6,291,799	$-276,402
2019	$482,653	$524,265	$5,642,463	$-41,612
2018	$325,798	$339,246	$4,879,658	$-13,448

ALBANY MEDICAL COLLEGE ALUMNI ASSOC INC