UTICA INDUSTRIAL DEVELOPMENT CORP

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1962

Legal Domicile

Principal Officer

JOHN SNYDER

Phone

3153380393

Tax Period

2024-09-01 to 2025-08-31

UTICA INDUSTRIAL DEVELOPMENT CORP, founded in 1962, is a small nonprofit that reported $106K in total revenue in fiscal year 2024. Revenue surged 99% from the prior year, signaling strong growth momentum. The organization ran a surplus of $72K, a strong 68% operating margin.

Mission

THE PURPOSE OF THIS ORGANIZATION IS TO ENCOURAGE THE LOCATION AND EXPANSION OF INDUSTRIAL AND MANUFACTURING CAPACITY. IN ADDITION, THE CORPORATION STRIVES FOR THE CREATION OF NEW AND IMPROVED JOB OPPORTUNITIES IN THE CITY OF UTICA AND THE COUNTY OF ONEIDA, NEW YORK.

Program Service Accomplishments

Program 1

Expenses: $22,064

THIS ORGANIZATION CONTINUES WITH BUSINESS OUTREACH AND ASSISTANCE EFFORTS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $65,669

Program Service Revenue $33,756

Investment Income $6,654

Other Revenue $0

TOTAL REVENUE $106,079

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $22,064

Other Expenses $33,875

TOTAL EXPENSES $33,875

Year-over-Year Comparison

	2024	2023	Change
Revenue	$106,079	$53,204	+1.0%
Expenses	$33,875	$53,641	-0.4%
Net Income	$72,204	$-437	-166.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN SNYDER	PRESIDENT	1.00	Officer Director	$0	$0	$0
MARY ANN HALLAK-SERWATKA	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
SONIA MARTINEZ	BOARD MEMBER	1.00	Director	$0	$0	$0
TIFFANIE DAVIS	BOARD MEMBER	1.00	Director	$0	$0	$0
ANDREW WEIMER	BOARD MEMBER	1.00	Director	$0	$0	$0
ZAID ERZAIJ	BOARD MEMBER	1.00	Director	$0	$0	$0
GABRIELLA MARCHESANI	BOARD MEMBER	1.00	Director	$0	$0	$0
AMANDA POTTER	BOARD MEMBER	1.00	Director	$0	$0	$0
ADAM BURBACK	BOARD MEMBER	1.00	Director	$0	$0	$0
WILLIAM KLINE	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN LIVINGSTON	BOARD MEMBER	1.00	Director	$0	$0	$0
THOMAS NELSON	BOARD MEMBER	1.00	Director	$0	$0	$0
GARY SCALZO	BOARD MEMBER	1.00	Director	$0	$0	$0
PHILIP WILLIAMS	BOARD MEMBER	1.00	Director	$0	$0	$0
BRIAN LOUGHLIN	BOARD MEMBER	1.00	Director	$0	$0	$0
THOMAS BASHANT	BOARD MEMBER	1.00	Director	$0	$0	$0
TIMOTHY FITZGERALD	SECRETARY	1.00	Officer	$0	$0	$0
SHAWNA PAPLE	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
2025	$106,079	$33,875	$1,239,677	$72,204
2024	$53,204	$53,641	$1,178,371	$-437
2023	$81,694	$56,995	$1,177,526	$24,699
2022	$80,733	$65,149	$1,096,517	$15,584
2021	$174,314	$62,106	$1,061,598	$112,208
2020	$33,428	$45,309	$898,317	$-11,881
2019	$67,043	$85,183	$915,516	$-18,140
2018	$49,935	$69,049	$963,886	$-19,114