CITY OF KINGSTON LOCAL DEVELOPMENT CORPORATION (EIN 141782751) - 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

1994

Legal Domicile

Principal Officer

STEVEN T NOBLE

Phone

8453343930

Tax Period

2025-01-01 to 2025-12-31

CITY OF KINGSTON LOCAL DEVELOPMENT CORPORATION, founded in 1994, is a small nonprofit in the Community Improvement sector that reported $227K in total revenue in fiscal year 2025. Revenue decreased 9% compared to the prior year. The organization ran a surplus of $108K, a strong 48% operating margin.

Mission

KLDC'S MISSION IS PROMOTING ADDITIONAL EMPLOYMENT, ENCOURAGING THE RETENTION AND DEVELOPMENT OF BUSINESS AND LESSENING THE BURDEN OF GOVERNMENT WITHIN THE CITY OF KINGSTON, NEW YORK.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $150,114

Investment Income $74,371

Other Revenue $2,500

TOTAL REVENUE $226,985

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $104,570

Other Expenses $118,636

TOTAL EXPENSES $118,636

Year-over-Year Comparison

	2025	2024	Change
Revenue	$226,985	$249,090	-0.1%
Expenses	$118,636	$102,357	+0.2%
Net Income	$108,349	$146,733	-0.3%

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

$104,817

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVEN T NOBLE	PRESIDENT	1.00	Officer Director	$0	$0	$0
HAYES CLEMENT	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
ANTHONY TROCCIA	TREASURER	1.00	Officer Director	$0	$0	$0
PAUL CASCIARO	SECRETARY	1.00	Officer Director	$0	$0	$0
CRYSTAL JACOB	DIRECTOR	1.00	Director	$0	$0	$0
ELENIE LOIZOU	DIRECTOR	1.00	Director	$0	$0	$0
SALVATORE DEROSALIA	DIRECTOR	1.00	Director	$0	$0	$0
AMANDA BRUCK	EXECUTIVE DIRECTOR	20.00	Officer	$0	$17,754	$104,817

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	$226,985	$118,636	$11,185,392	$108,349
2024	$249,090	$102,357	$11,129,190	$146,733
2023	$319,841	$108,979	$10,883,656	$210,862
2022	$188,920	$113,117	$10,094,067	$75,803
2021	$125,710	$201,985	$6,603,671	$-76,275
2020	$129,313	$110,413	$7,157,472	$18,900
2019	$163,804	$124,710	$7,271,516	$39,094
2018	$141,670	$123,234	$7,373,040	$18,436

CITY OF KINGSTON LOCAL DEVELOPMENT CORPORATION