COHOES COMMUNITY CENTER 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

1966

Legal Domicile

Principal Officer

David Mitola

Phone

5182377523

Tax Period

2018-01-01 to 2018-12-31

COHOES COMMUNITY CENTER INC, founded in 1966, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2018. Revenue decreased 19% compared to the prior year.

Mission

See below The Center provides physical education programs and activities for the community. The Center also provides day care facilities for the underprivileged as well

Program Service Accomplishments

Program 1

Expenses: $340,743 Revenue: $93,233

The Community Center provides physical fitness activities for approx. 6500 individuals. These activities include physical education and aquatic activities.

Program 2

Expenses: $497,525 Revenue: $705,491

Day Care program provides day care for underpriviledged children. This program along with nursery school provides for approx. 240 individuals.

Program 3

Expenses: $418,592 Revenue: $422,390

Universal Pre-Kingergarten program provides a pre-school program to a local school district. The program provides the program to the local community for those individuals placed by the District

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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 (2018)

Revenue Breakdown

Contributions & Grants $213,282

Program Service Revenue $1,218,507

Investment Income $44

Other Revenue $2,607

TOTAL REVENUE $1,434,440

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,218,763

Fundraising Expenses $0

Program Expenses $1,256,860

Other Expenses $351,130

TOTAL EXPENSES $1,569,893

Year-over-Year Comparison

	2018	2017	Change
Revenue	$1,434,440	$1,780,407	-0.2%
Expenses	$1,569,893	$1,942,619	-0.2%
Net Income	$-135,453	$-162,212	-0.2%

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

Employees

157

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
David Mitola	President	0.50	Director	$0	$0	$0
Thomas Jacques	Treasurer	0.50	Director	$0	$0	$0
Charles Ries	Board Member	0.50	Director	$0	$0	$0
Dennis Donnelly	Board Member	0.50	Director	$0	$0	$0
Jennifer Heeney	Board Member	0.50	Director	$0	$0	$0
Dan Martinelli	Board Member	0.50	Director	$0	$0	$0
Jeanne Potts	Board Member	0.50	Director	$0	$0	$0
Matt LaBombard	Board Member	0.50	Director	$0	$0	$0
Fred Stemp	Board Member	0.50	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
2018	$1,434,440	$1,569,893	$522,273	$-135,453