ALBANY CENTER GALLERIES INC (EIN 141672333) - 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

1980

Legal Domicile

Principal Officer

KEVIN DUBNER

Phone

5184624775

Tax Period

2024-04-01 to 2025-03-31

ALBANY CENTER GALLERIES INC, founded in 1980, is a small nonprofit in the Arts, Culture & Humanities sector that reported $608K in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. The organization ran a surplus of $98K, a strong 16% operating margin.

Mission

TO PROMOTE AND EXHIBIT CONTEMPORARY VISUAL ART PRODUCED BY EMERGING AND ESTABLISHED ARTISTS LIVING PRIMARILY IN THE REGION AND TO INSPIRE INTEREST AND PROVIDE ENJOYMENT TO AN INCREASINGLY DIVERSE AUDIENCE.

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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 $369,959

Program Service Revenue $170,614

Investment Income $7,175

Other Revenue $60,160

TOTAL REVENUE $607,908

Expense Breakdown

Grants Paid $0

Salaries & Benefits $271,884

Fundraising Expenses $114,215

Program Expenses $253,602

Other Expenses $238,510

TOTAL EXPENSES $510,394

Year-over-Year Comparison

	2024	2023	Change
Revenue	$607,908	$502,587	+0.2%
Expenses	$510,394	$486,459	+0.0%
Net Income	$97,514	$16,128	+5.0%

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

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

$86,723

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID PHAFF	IMMEDIATE PAST PRESIDENT	2.00	Director	$0	$0	$0
LISA BROWN	SECRETARY	2.00	Officer Director	$0	$0	$0
CARLSBURY GONZALEZ	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM HARRIS	DIRECTOR	1.00	Director	$0	$0	$0
MELANIE STEVENSON	DIRECTOR	1.00	Director	$0	$0	$0
EDWARD TICSON	DIRECTOR	1.00	Director	$0	$0	$0
ANNETTE NANES	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
TINA LINCER	DIRECTOR	1.00	Director	$0	$0	$0
RITA PAPANDREA	PRESIDENT	2.00	Officer Director	$0	$0	$0
KEVIN DUBNER	TREASURER	2.00	Officer Director	$0	$0	$0
MIA BARBERA	DIRECTOR	1.00	Director	$0	$0	$0
TAMMIS GROFT	DIRECTOR	1.00	Director	$0	$0	$0
LEIGH WEN	DIRECTOR	1.00	Director	$0	$0	$0
ELLEN BRICKMAN	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT COOPER	DIRECTOR	1.00	Director	$0	$0	$0
JAMES WARREN	DIRECTOR	1.00	Director	$0	$0	$0
ANTHONY IADICICCO	EXECUTIVE DIRECTOR	40.00	Officer	$78,673	$8,050	$86,723

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	$607,908	$510,394	$361,938	$97,514
2024	$502,587	$486,459	$282,354	$16,128
2023	$426,814	$386,057	$309,314	$40,757
2022	$311,571	$289,342	$132,603	$22,229
2021	$258,906	$259,220	$146,652	$-314
2021	$258,906	$259,220	$146,652	$-314
2020	$249,341	$202,303	$102,475	$47,038

ALBANY CENTER GALLERIES INC