SARATOGA INSTITUTE INC

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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

1985

Legal Domicile

Principal Officer

DAVID ROBERTS

Phone

5185876433

Tax Period

2023-01-01 to 2023-12-31

SARATOGA INSTITUTE INC, founded in 1985, is a small nonprofit in the Community Improvement sector that reported $162K in total revenue in fiscal year 2023. Revenue fell 20% from the prior year — a significant decline worth monitoring. Expenses of $249K exceeded revenue, resulting in a 54% operating deficit.

Mission

THE EXEMPT PURPOSE OF THE ORGANIZATION IS TO PROVIDE A WIDE VARIETY OF EDUCATIONAL MATERIALS/EXPERIENCES TO THE GENERAL PUBLIC IN THE FORM OF WRITTEN MATERIALS, COMMUNITY FORUMS, WORKSHOPS/CONFERENCES, AND/OR PRESENTATIONS. GRANTS ARE AWARDED TO INDIVIUALS AND/OR ORGANIZATIONS WHOSE PUBLICATIONS, RESEARCH, OR PRESENTATIONS WILL PROVIDE EDUCATIONAL PRODUCTS OR SERVICES TO/FOR THE GENERAL PUBLIC. GRANT APPLICANTS MUST SUBMIT WRITTEN PROPOSALS TO THE BOARD OF DIRECTORS.

Program Service Accomplishments

Program 1

Expenses: $31,450

PROVIDE GALLERY SPACE FOR ART EXHIBITION PROGRAMS TO ENABLE DEVELOPING ARTISTS TO PRESENT AND SELL ARTWORK TO THE PUBLIC WITH A PORTION OF PROCEEDS GIVEN TO THE ORGANIZATION.

Program 2

Expenses: $117,514

ACASE(ASSN FOR THE COOP. ADVANCEMENT OF SCIENCE & EDUCATION) TO DEVELOP NEW WAYS TO ASSESS STUDENTS' UNDERSTANDING OF SCIENTIFIC THEORIES, AND GIVES TEACHERS BETTER WAYS TO ASSESS STUDENT LEARNING.

Program 3

Expenses: $96,027

ACE(UPSTATE ALLIANCE FOR THE CREATIVE ECONOMY)ACE IS WORKING WITH CROSS- SECTOR, GEOGRAPHICALLY DIVERSE INDIVIDUALS, PRIVATE AND PUBLIC ORGANIZATIONS, NONPROFITS, AND COMMUNITY LEADERSHIP TO DEVELOP AND IMPLEMENT PROGRAMS THAT BENEFIT THE PEOPLE, PLACES, AND CREATIVITY OF THE GREATER CAPITAL REGION.

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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 $155,376

Program Service Revenue $6,519

Investment Income $31

Other Revenue $0

TOTAL REVENUE $161,926

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $244,991

Other Expenses $249,273

TOTAL EXPENSES $249,273

Year-over-Year Comparison

	2023	2022	Change
Revenue	$161,926	$203,586	-0.2%
Expenses	$249,273	$122,799	+1.0%
Net Income	$-87,347	$80,787	-2.1%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GEOFF BORNEMAN	DIRECTOR	0.25	Director	$0	$0	$0
BARBARA GLASER	DIRECTOR	1.00	Director	$0	$0	$0
JERRY LUHN	DIRECTOR	0.25	Director	$0	$0	$0
BROOKE MCCONNELL	DIRECTOR	0.25	Director	$0	$0	$0
JESSICA NYLES	DIRECTOR	0.25	Director	$0	$0	$0
DAVID ROBERTS	PRESIDENT	1.00	Officer Director	$0	$0	$0
MAUREEN SAGER	DIRECTOR	1.00	Director	$0	$0	$0
HOLLY SCHWARZ-LAWTON	DIRECTOR	0.25	Director	$0	$0	$0
RICH TORKELSON	SECRETARY	0.50	Officer Director	$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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$161,926	$249,273	$79,479	$-87,347
2022	$203,586	$122,799	$163,430	$80,787
2021	$87,324	$84,211	$80,614	$3,113
2020	$92,887	$85,236	$71,853	$7,651
2019	$106,120	$156,348	$64,312	$-50,228
2018	$171,130	$227,515	$111,924	$-56,385