Columbian Society of Colonie Inc

EIN: 146018910

Latham, NY

Total Revenue
$88,185
Total Expenses
$75,651
Total Assets
$354,533
Net Assets
$339,973
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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
1956
Legal Domicile
NY
Principal Officer
Robert Ostiguy
Tax Period
2023-01-01 to 2023-12-31

Columbian Society of Colonie Inc, founded in 1956, is a micro nonprofit that reported $88K in total revenue in fiscal year 2023. Revenue surged 84% from the prior year, signaling strong growth momentum. Expenses of $76K left a modest 14% surplus.

Mission

None

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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 (2023)

Revenue Breakdown

Contributions & Grants $7,959
Program Service Revenue $43,874
Investment Income $0
Other Revenue $36,352
TOTAL REVENUE $88,185

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,810
Fundraising Expenses $0
Program Expenses $0
Other Expenses $71,841
TOTAL EXPENSES $75,651

Year-over-Year Comparison

2023 2022 Change
Revenue $88,185 $47,920 +0.8%
Expenses $75,651 $113,775 -0.3%
Net Income $12,534 $-65,855 -1.2%
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
10
Independent Members
N/A
Employees
4
Volunteers
85

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
5
$0
Total Directors
11
$19,231
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Michael Whalen Secretary 2.00
Officer Director
$0 $0 $0
Linda Atchison VP Columbiettes 2.00
Officer Director
$0 $0 $0
Robert Ostiguy VP Council 5.00
Officer Director
$0 $0 $0
Robert Ostiguy Treasurer 10.00
Officer Director
$0 $0 $0
Kirk Montagne Council Trustee 2.00
Director
$0 $0 $0
Joseph Crispo Council Trustee 2.00
Director
$0 $0 $0
Patrice Mago Trustee 10.00
Director
$7,032 $0 $7,032
Michael Maksymik Trustee 2.00
Director
$0 $0 $0
Henry LaRose Trustee 4.00
Director
$0 $0 $0
Julia Couch Trustee 12.00
Director
$12,199 $0 $12,199
Robert Gronczniak Council Trustee 2.00
Director
$0 $0 $0
Paul DeDominicis President 10.00
Officer
$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 $88,185 $75,651 $354,533 $12,534
2022 $107,020 $113,775 $376,462 $-6,755
2021 $96,505 $67,874 $406,501 $28,631
2020 $67,476 $59,566 $406,783 $7,910
2019 $73,436 $69,111 $420,825 $4,325
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