DOWNTOWN ALBANY RESTORATION PROGRAM INC (EIN 141790346) - 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

1996

Legal Domicile

Principal Officer

ELIZABETH YOUNG JOJO

Phone

5184652143

Tax Period

2023-01-01 to 2023-12-31

DOWNTOWN ALBANY RESTORATION PROGRAM INC, founded in 1996, is a community nonprofit in the Community Improvement sector that reported $1.2M in total revenue in fiscal year 2023. Revenue grew 20% year-over-year, indicating healthy expansion.

Mission

To restore, promote, and maintain the character and viability of downtown Albany and to improve the quality of life and overall image for those who live, work and visit the Capital City

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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 $1,159,612

Program Service Revenue $0

Investment Income $2,877

Other Revenue $0

TOTAL REVENUE $1,162,489

Expense Breakdown

Grants Paid $0

Salaries & Benefits $501,099

Fundraising Expenses $0

Program Expenses $1,038,390

Other Expenses $696,182

TOTAL EXPENSES $1,197,281

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,162,489	$969,875	+0.2%
Expenses	$1,197,281	$1,064,782	+0.1%
Net Income	$-34,792	$-94,907	-0.6%

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

101

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

$166,542

Total Directors

$166,542

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GEORGETTE STEFFENS	Executive Direc	40.00	Officer Director	$127,404	$39,138	$166,542
ANGELO MADDOX	Director	1.00	Director	$0	$0	$0
ANGELO MADDOX	Director	1.00	Director	$0	$0	$0
KENNETH COUNTERMINE	Treasurer	1.00	Officer Director	$0	$0	$0
LISA REDDY FARRELL	Vice President	1.00	Officer Director	$0	$0	$0
FRANK ZEOLI	Director	1.00	Director	$0	$0	$0
LENA HART	Director	1.00	Director	$0	$0	$0
NEIL MC GREEVY	Secretary	1.00	Officer Director	$0	$0	$0
LUCAS ROGERS	Director	1.00	Director	$0	$0	$0
ELIZABETH YOUNG JOJO	President	1.00	Officer Director	$0	$0	$0
LEOLA EDELIN	Director	1.00	Director	$0	$0	$0
AMANDA ROZSAVOLGYI	Director	1.00	Director	$0	$0	$0
HON DANIEL P MCCOY	Director	1.00	Director	$0	$0	$0
HON DANILE P MC KOY	Director	1.00	Director	$0	$0	$0
FRANK O'CONNOR	Director	1.00	Director	$0	$0	$0
JOSH WAINMAN	Director	1.00	Director	$0	$0	$0
HON DARIUS SHAHINFER	Director	1.00	Director	$0	$0	$0
LEYLA KIOSSE	Director	1.00	Director	$0	$0	$0
HON KATHY M SHEEHAN	Director	1.00	Director	$0	$0	$0
MOHAMED HEMMID	Director	1.00	Director	$0	$0	$0
BENN MAC DONALD	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	No data	No data	No data	No data
2023	$1,162,489	$1,197,281	$1,041,305	$-34,792
2022	$969,875	$1,064,782	$1,112,914	$-94,907
2021	$1,193,036	$1,162,979	$1,186,781	$30,057
2020	$1,132,046	$984,599	$1,148,662	$147,447
2019	$1,057,846	$1,057,155	$995,043	$691
2018	$1,084,961	$951,087	$979,904	$133,874

DOWNTOWN ALBANY RESTORATION PROGRAM INC