ALBANY CENTER FOR ECONOMIC SUCCESS INC (EIN 141762881) - 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

1992

Legal Domicile

Principal Officer

BOB GREEN

Phone

5184277804

Tax Period

2024-01-01 to 2024-12-31

ALBANY CENTER FOR ECONOMIC SUCCESS INC, founded in 1992, is a small nonprofit in the Community Improvement sector that reported $130K in total revenue in fiscal year 2024. Revenue fell 73% from the prior year — a significant decline worth monitoring. Expenses of $176K exceeded revenue, resulting in a 36% operating deficit.

Mission

TO ACQUIRE, DEVELOP AND OPERATE FACILITIES WHICH WILL FUNCTION AS SMALL BUSINESS INCUBATORS FOR MINORITIES, WOMEN AND OTHER DISADVANTAGED SMALL BUSINESS OWNERS IN THE CAPITAL REGION OF NEW YORK STATE.

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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 $31,148

Program Service Revenue $98,793

Investment Income $0

Other Revenue $0

TOTAL REVENUE $129,941

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $158,286

Other Expenses $176,286

TOTAL EXPENSES $176,286

Year-over-Year Comparison

	2024	2023	Change
Revenue	$129,941	$489,917	-0.7%
Expenses	$176,286	$165,016	+0.1%
Net Income	$-46,345	$324,901	-1.1%

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

N/A

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
MILLY DEANE	TREASURER	1.00	Officer Director	$0	$0	$0
BOB GREEN	PRESIDENT	2.00	Officer Director	$0	$0	$0
TINA KELLY	SECRETARY	1.00	Officer Director	$0	$0	$0
LINDA MACFARLANE	EXECUTIVE DI	2.00	Director	$0	$0	$0
MARIA MARKOVICS	DIRECTOR	1.00	Director	$0	$0	$0
ASHLEY MOHL	DIRECTOR	1.00	Director	$0	$0	$0
KASIR RASUL	DIRECTOR	1.00	Director	$0	$0	$0
JOHN STAUGAITIS	DIRECTOR	1.00	Director	$0	$0	$0
RENEL TURNER	DIRECTOR	1.00	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
2024	$129,941	$176,286	$900,250	$-46,345
2023	$489,917	$165,016	$923,127	$324,901
2022	$595,915	$145,309	$509,777	$450,606
2021	$123,974	$121,329	$494,087	$2,645
2020	$80,873	$135,327	$488,437	$-54,454
2019	$114,560	$147,838	$539,138	$-33,278
2018	$156,149	$155,156	$572,578	$993

ALBANY CENTER FOR ECONOMIC SUCCESS INC