TROY, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)TROY LOCAL DEVELOPMENT CORPORATION, founded in 1987, is a small nonprofit in the Community Improvement sector that reported $701K in total revenue in fiscal year 2024. Revenue surged 74% from the prior year, signaling strong growth momentum. The organization ran a surplus of $131K, a strong 19% operating margin.
THE TROY LOCAL DEVELOPMENT CORPORATION, A PRIVATE NOT-FOR-PROFIT CORPORATION, WAS ESTABLISHED IN 1987 FOR THE PURPOSES OF CONSTRUCTING, ACQUIRING, REHABILITATING, AND IMPROVING BUILDINGS OR SITES IN THE CITY OF TROY, AND TO ASSIST FINANCIALLY IN THE CONSTRUCTION, ACQUISITION, REHABILITATION, AND IMPROVEMENT OF BUILDING OR SITES WITHIN THE CITY, AND TO FOSTER EMPLOYMENT OPPORTUNITIES FOR TROY RESIDENTS, INCLUDING BUSINESS RETENTION AND ATTRACTION, AND JOB CREATION AND RETENTION. THE TLDC ALSO SERVES AS A LIAISON WITH FEDERAL, STATE AND OTHER LOCAL AUTHORITIES WITH RESPECT TO DISSEMINATING INFORMATION AND OFFERING TECHNICAL ADVICE. THE TLDC HAS THE AUTHORITY TO ACQUIRE REAL OR PERSONAL PROPERTY BY PURCHASE OR LEASE, BORROW FUNDS, PROVIDE FINANCIAL ASSISTANCE, AND ISSUE NEGOTIABLE BONDS, NOTES AND OTHER OBLIGATIONS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $701,429 | $403,838 | +0.7% |
| Expenses | $569,960 | $319,362 | +0.8% |
| Net Income | $131,469 | $84,476 | +0.6% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| JEFF BETTS | CHAIRMAN | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| ANDREW ROSS | VICE CHAIRMAN | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| HON THOMAS CASEY | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| SEAMUS DONNELLYY | EXECUTIVE DIRECTOR | 1.00 |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $701,429 | $569,960 | $3,735,518 | $131,469 |
| 2023 | $403,838 | $319,362 | $3,735,790 | $84,476 |
| 2022 | $290,738 | $138,341 | $4,010,072 | $152,397 |
| 2021 | $142,388 | $288,717 | $2,797,578 | $-146,329 |
| 2020 | $460,824 | $436,283 | $3,159,696 | $24,541 |
| 2019 | $1,233,073 | $271,450 | $3,325,830 | $961,623 |
| 2018 | $79,272 | $197,712 | $3,196,104 | $-118,440 |
Compare TROY LOCAL DEVELOPMENT CORPORATION with other nonprofits in New York and across the country.