THE SCHENECTADY FOUNDATION (EIN 146019650) - 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

1962

Legal Domicile

Principal Officer

ROBERT CARREAU

Phone

5183939500

Tax Period

2024-01-01 to 2024-12-31

THE SCHENECTADY FOUNDATION, founded in 1962, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $3.5M in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. The organization ran a surplus of $939K, a strong 27% operating margin.

Mission

THE SCHENECTADY FOUNDATION IS A PHILANTHROPIC TRUST ESTABLISHED TO ASSIST AND PROMOTE THE WELFARE OF RESIDENTS OF SCHENECTADY COUNTY, NEW YORK. THE FOUNDATION MAKES GRANTS TO TAX EXEMPT CHARITIES THAT EFFECTIVELY ADDRESS THE NEEDS AND ISSUES OF THE COMMUNITY.

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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 $363,052

Program Service Revenue $0

Investment Income $3,095,106

Other Revenue $0

TOTAL REVENUE $3,458,158

Expense Breakdown

Grants Paid $1,611,558

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,292,957

Other Expenses $907,120

TOTAL EXPENSES $2,518,678

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,458,158	$2,957,210	+0.2%
Expenses	$2,518,678	$2,240,624	+0.1%
Net Income	$939,480	$716,586	+0.3%

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

N/A

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

$183,176

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALFRED TOMPKINS	DISTRIBUTION COMMITTEE MEM	1.00	Director	$0	$0	$0
RAYSHEEA TURNER	DISTRIBUTION COMMITTEE MEM	1.00	Director	$0	$0	$0
KIRK LEWIS	DISTRIBUTION COMMITTEE MEM	1.00	Director	$0	$0	$0
JOHAN MATTHEWS	DISTRIBUTION COMMITTEE MEM	1.00	Director	$0	$0	$0
PAMELA PEARLMAN	DISTRIBUTION COMMITTEE MEM	1.00	Director	$0	$0	$0
JENNIFER KENNEALLY	DISTRIBUTION COMMITTEE MEM	1.00	Director	$0	$0	$0
OMAYRA PADILLA DEJESUS	CHAIR	1.00	Officer Director	$0	$0	$0
MONA GOLUB	VICE CHAIR	1.00	Officer Director	$0	$0	$0
KEVIN SMITH	TREASURER	1.00	Officer Director	$0	$0	$0
N/A	TRUSTEE	0.50		$5,099	$0	$5,099
N/A	TRUSTEE	0.50		$188,697	$0	$188,697
N/A	TRUSTEE	0.50		$26,390	$0	$26,390
ROBERT CARREAU	EXECUTIVE DIRECTOR AND SEC	1.00	Officer	$0	$14,845	$183,176
MICHAEL OZIMEK	ASSISTANT TREASURER	1.00	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	$3,458,158	$2,518,678	$56,001,047	$939,480
2023	$2,957,210	$2,240,624	$51,236,167	$716,586
2022	$1,792,002	$2,418,619	$45,821,219	$-626,617
2021	$5,442,270	$2,348,958	$55,199,163	$3,093,312
2020	$2,292,776	$1,812,211	$48,593,832	$480,565
2019	$2,031,752	$1,303,873	$43,439,608	$727,879
2018	$1,913,729	$1,687,104	$37,142,195	$226,625

THE SCHENECTADY FOUNDATION