Columbian Society of Colonie Inc

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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

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

Program Service Accomplishments

Program 1

Expenses: $0 Revenue: $-1,350

Operates a full service bar under license from New York State which is open daily serving alcoholic and non-alcoholic beverages thus providing members an opportunity to socialize

Program 2

Expenses: $0 Revenue: $36,122

Pull tabs gaming is operated under license from New York State providing recreational opportunities for members. Profits are used primarily to pay the mortgage on property. In addition a number of...

Pull tabs gaming is operated under license from New York State providing recreational opportunities for members. Profits are used primarily to pay the mortgage on property. In addition a number of raffles are held throughout the year.

Program 3

Expenses: $0 Revenue: $43,604

At least monthly Dinners are prepared by members and served to members. This provides an opportunity for members to socialize

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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 $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

Governance

Voting Members

Independent Members

N/A

Employees

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

Total Directors

$19,231

Key Employees

Highest Compensated

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