UNIVERSITY AT ALBANY FOUNDATION (EIN 141503972) - 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

1967

Legal Domicile

Principal Officer

FARDIN SANAI

Phone

5184375090

Tax Period

2024-07-01 to 2025-06-30

UNIVERSITY AT ALBANY FOUNDATION, founded in 1967, is a mid-sized nonprofit in the Education sector that reported $31.6M in total revenue in fiscal year 2024. Revenue fell 34% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $19.4M, a strong 61% operating margin.

Mission

THE MISSION OF THE UNIVERSITY AT ALBANY FOUNDATION IS TO ENCOURAGE, RECEIVE, ACCEPT, HOLD, INVEST, AND MANAGE MONEY AND PROPERTY OF EVERY DESCRIPTION, AND THE DISBURSEMENT THEREOF FOR THE PROMOTION, DEVELOPMENT AND ADVANCEMENT OF THE WELFARE OF THE STATE UNIVERSITY OF NEW YORK AT ALBANY (UNIVERSITY), ITS STUDENTS, FACULTY, STAFF AND ALUMNI, AND ANY OTHER ORGANIZATION, QUALIFIED AS AN EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE CODE AND ITS REGULATIONS, WHICH HAS AMONG ITS CORPORATE PURPOSES PROVIDING ASSISTANCE TO THE UNIVERSITY.

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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 $25,398,994

Program Service Revenue $984,021

Investment Income $5,590,457

Other Revenue $-406,893

TOTAL REVENUE $31,566,579

Expense Breakdown

Grants Paid $5,852,181

Salaries & Benefits $994,934

Fundraising Expenses $868,784

Program Expenses $9,801,552

Other Expenses $5,333,028

TOTAL EXPENSES $12,180,143

Year-over-Year Comparison

	2024	2023	Change
Revenue	$31,566,579	$47,756,593	-0.3%
Expenses	$12,180,143	$12,318,112	0.0%
Net Income	$19,386,436	$35,438,481	-0.5%

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

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

$283,644

Total Directors

$5,460

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HAVIDAN RODRIGUEZ	DIRECTOR	1.00	Director	$5,460	$0	$5,460
GEORGE HEARST III	PRESIDENT	1.00	Officer Director	$0	$0	$0
BRIAN STRAUGHTER	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JEFFREY BLACK	TREASURER	1.00	Officer Director	$0	$0	$0
AMY KNAPP	SECRETARY	1.00	Officer Director	$0	$0	$0
NOLAN ALTMAN	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL BORYS	DIRECTOR	1.00	Director	$0	$0	$0
PETER BULGER	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL CASTELLANA	DIRECTOR	1.00	Director	$0	$0	$0
SAUL CURTIS	DIRECTOR	1.00	Director	$0	$0	$0
KATHLEEN DENNIS	DIRECTOR	1.00	Director	$0	$0	$0
LOUIS DESORBO	DIRECTOR	1.00	Director	$0	$0	$0
ELDA DI RE	DIRECTOR	1.00	Director	$0	$0	$0
SOPHIA FERRADAS	DIRECTOR	1.00	Director	$0	$0	$0
LISA FUND	DIRECTOR	1.00	Director	$0	$0	$0
MARY HAGGERTY	DIRECTOR	1.00	Director	$0	$0	$0
KEITH HYNES	DIRECTOR	1.00	Director	$0	$0	$0
SHARON KANTOR	DIRECTOR	1.00	Director	$0	$0	$0
ROANNE KULAKOFF	DIRECTOR	1.00	Director	$0	$0	$0
MARYANNE LAVAN	DIRECTOR	1.00	Director	$0	$0	$0
MEG PICOTTE MACCLARENCE	DIRECTOR	1.00	Director	$0	$0	$0
JOHN NAUMANN	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM NEWMAN	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL NOLAN	DIRECTOR	1.00	Director	$0	$0	$0
KIMBERLY SANGER JONES	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT SCHWARTZ	DIRECTOR	1.00	Director	$0	$0	$0
REBECCA STAFFORD	DIRECTOR	1.00	Director	$0	$0	$0
MAUREEN SWEENEY	DIRECTOR	1.00	Director	$0	$0	$0
EDWARD SWYER	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL WEILHEIMER	DIRECTOR	1.00	Director	$0	$0	$0
MARK YANG	DIRECTOR	1.00	Director	$0	$0	$0
TODD FOREMAN	DIRECTOR	1.00	Director	$0	$0	$0
JONATHAN JONES	DIRECTOR	1.00	Director	$0	$0	$0
CANON KAY HOTALING	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD MCGINN JR	CHIEF FINANCIAL OFFICER	24.37	Officer	$238,210	$26,469	$264,679
FARDIN SANAI	EXECUTIVE DIRECTOR	5.00	Officer	$18,965	$0	$18,965
CHRISTOPHER LOSAVIO	CONTROLLER	30.00	Highest	$152,922	$15,667	$168,589

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	$31,566,579	$12,180,143	$276,898,927	$19,386,436
2024	No data	No data	No data	No data
2023	$23,832,386	$10,214,952	$183,740,004	$13,617,434
2022	$16,220,435	$8,774,634	$162,512,695	$7,445,801
2021	$19,151,448	$6,865,433	$168,467,650	$12,286,015
2020	$17,198,773	$9,940,318	$129,210,800	$7,258,455
2019	$16,209,857	$6,580,049	$125,804,635	$9,629,808
2018	$13,979,052	$8,204,120	$113,002,063	$5,774,932

UNIVERSITY AT ALBANY FOUNDATION