WORLD TRADE CENTER SMALL BUSINESS RECOVERY FUND INC

EIN: 141836159 501(c)(3)

ALBANY, NY

Total Revenue
$35,625
Total Expenses
$2,712,998
Total Assets
N/A
Net Assets
N/A
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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
2001
Legal Domicile
NY
Principal Officer
PATRICK J MACKRELL
Phone
5186410604
Tax Period
2019-10-01 to 2020-09-30

WORLD TRADE CENTER SMALL BUSINESS RECOVERY FUND INC, founded in 2001, is a micro nonprofit that reported $36K in total revenue in fiscal year 2019. Revenue decreased 9% compared to the prior year. Expenses of $2.7M exceeded revenue, resulting in a 7515% operating deficit.

Mission

LOANS TO SMALL BUSINESS ENTITIES

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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%)

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Financial Overview (2019)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $8,590
Investment Income $27,035
Other Revenue $0
TOTAL REVENUE $35,625

Expense Breakdown

Grants Paid $2,669,928
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $2,694,928
Other Expenses $43,070
TOTAL EXPENSES $2,712,998

Year-over-Year Comparison

2019 2018 Change
Revenue $35,625 $39,166 -0.1%
Expenses $2,712,998 $73,003 +36.2%
Net Income $-2,677,373 $-33,837 +78.1%
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

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Governance

Voting Members
3
Independent Members
3
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
2
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PATRICK J MACKRELL OFFICER 1.00
Officer Director
$0 $0 $0
JEFFERY BOYCE SECRETARY 1.00
Officer Director
$0 $0 $0
MARY HOFFMAN 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
2020 $35,625 $2,712,998 No data $-2,677,373
2019 $39,166 $73,003 $2,708,319 $-33,837
2018 $5,644 $19,999 $2,736,073 $-14,355
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