ALBANY FUND FOR EDUCATION INC (EIN 141810885) - 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

1999

Legal Domicile

Principal Officer

MARI SHOPSIS

Phone

5184172107

Tax Period

2024-07-01 to 2025-06-30

ALBANY FUND FOR EDUCATION INC, founded in 1999, is a small nonprofit in the Education sector that reported $243K in total revenue in fiscal year 2024. Revenue surged 34% from the prior year, signaling strong growth momentum. The organization ran a surplus of $42K, a strong 17% operating margin.

Mission

THE ORGANIZATION WAS FORMED TO SUPPORT PROGRAMS AND PROJECTS OF CITY OF ALBANY NY SCHOOLS.

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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 $209,014

Program Service Revenue $24,243

Investment Income $7,907

Other Revenue $1,780

TOTAL REVENUE $242,944

Expense Breakdown

Grants Paid $49,659

Salaries & Benefits $46,365

Fundraising Expenses $14,663

Program Expenses $175,388

Other Expenses $104,550

TOTAL EXPENSES $200,574

Year-over-Year Comparison

	2024	2023	Change
Revenue	$242,944	$180,830	+0.3%
Expenses	$200,574	$159,911	+0.3%
Net Income	$42,370	$20,919	+1.0%

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

150

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

$37,900

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHRYN BAMBERGER	PRESIDENT	2.00	Officer Director	$0	$0	$0
PAUL COLLINS-HACKETT	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
KIRSTEN A HERNANDEZ	SECRETARY	2.00	Officer Director	$0	$0	$0
RICH PECKHAM	TREASURER	2.00	Officer Director	$0	$0	$0
GINNIE FARRELL	IMMEDIATE PAST PRESIDENT	2.00	Director	$0	$0	$0
LAURA FRANZ	DIRECTOR	1.00	Director	$0	$0	$0
KHALEL HAMLIN	DIRECTOR	1.00	Director	$0	$0	$0
ASHLEY CHAPPLE	DIRECTOR	1.00	Director	$0	$0	$0
SEAN FITZSIMONS	DIRECTOR	1.00	Director	$0	$0	$0
ORAH LEHOCKEY	DIRECTOR	1.00	Director	$0	$0	$0
BROOKE RAVEENDRANATH	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL VAUGHAN-CHERUBIN	DIRECTOR	1.00	Director	$0	$0	$0
PHILLIP QUINDARA	DIRECTOR	1.00	Director	$0	$0	$0
WHITNEY MALONE	DIRECTOR	1.00	Director	$0	$0	$0
NATISHA ALEXANDER	DIRECTOR	1.00	Director	$0	$0	$0
LISA HALEY THOMSON	DIRECTOR	1.00	Director	$0	$0	$0
MARI SHOPSIS	EXECUTIVE DIRECTOR	30.00	Officer	$0	$0	$37,900

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	$242,944	$200,574	$389,062	$42,370
2024	$180,830	$159,911	$317,507	$20,919
2023	$60,712	$90,198	$286,058	$-29,486
2022	$224,516	$208,620	$322,784	$15,896
2021	$181,261	$237,272	$291,578	$-56,011
2020	$279,534	$153,129	$343,345	$126,405

ALBANY FUND FOR EDUCATION INC