CENTRAL NEW YORK COMMUNITY FOUNDATION INC (EIN 150626910) - 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

1927

Legal Domicile

Principal Officer

KIMBERLY SADOWSKI

Phone

3154229538

Tax Period

2022-04-01 to 2023-03-31

CENTRAL NEW YORK COMMUNITY FOUNDATION INC, founded in 1927, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $34.3M in total revenue in fiscal year 2022. Revenue fell 30% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $9.0M, a strong 26% operating margin.

Mission

THE CENTRAL NEW YORK COMMUNITY FOUNDATION IS A PUBLIC CHARITY THAT TURNS COMMUNITY DOLLARS INTO COMMUNITY CHANGE. IT RECEIVES CONTRIBUTIONS FROM DONORS, MANAGES THEM TO GROW OVER TIME AND THEN DISTRIBUTES FUNDING TO ADDRESS THE REGION'S GREATEST NEEDS. IT ALSO SERVES AS A CIVIC LEADER, CONVENER AND SPONSOR OF STRATEGIC INITIATIVES THAT FOSTER A THRIVING AND EQUITABLE REGION AND ADDRESS THE MOST CRITICAL ISSUES OF OUR TIME.

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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 (2022)

Revenue Breakdown

Contributions & Grants $29,283,609

Program Service Revenue $0

Investment Income $4,687,610

Other Revenue $319,733

TOTAL REVENUE $34,290,952

Expense Breakdown

Grants Paid $20,688,566

Salaries & Benefits $3,044,253

Fundraising Expenses $1,094,014

Program Expenses $22,967,366

Other Expenses $1,601,909

TOTAL EXPENSES $25,334,728

Year-over-Year Comparison

	2022	2021	Change
Revenue	$34,290,952	$49,020,873	-0.3%
Expenses	$25,334,728	$22,148,773	+0.1%
Net Income	$8,956,224	$26,872,100	-0.7%

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

Volunteers

125

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

$575,726

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANIEL J FISHER	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
CATHERINE A BERTINI	MEMBER	1.00	Director	$0	$0	$0
JOSEPH LAZZARO	MEMBER	1.00	Director	$0	$0	$0
KATE FRANZ	MEMBER	1.00	Director	$0	$0	$0
MARK A FULLER	TREASURER	1.00	Officer Director	$0	$0	$0
LEE M GATTA	MEMBER	1.00	Director	$0	$0	$0
CAROLYN D GERAKOPOULOS	MEMBER	1.00	Director	$0	$0	$0
CAERESA J RICHARDSON	MEMBER	1.00	Director	$0	$0	$0
DAREN C JAIME	MEMBER	1.00	Director	$0	$0	$0
LISA D ALFORD	MEMBER	1.00	Director	$0	$0	$0
WILLIAM H BROWER	MEMBER	1.00	Director	$0	$0	$0
EMAD A RAHIM	MEMBER	1.00	Director	$0	$0	$0
SUSAN FURTNEY	MEMBER	1.00	Director	$0	$0	$0
KARIN SLOAN DELANEY	COMPLIANCE OFFICER	1.00	Officer Director	$0	$0	$0
KEVIN E SCHWAB	MEMBER	1.00	Director	$0	$0	$0
STEPHEN D FOURNIER	MEMBER	1.00	Director	$0	$0	$0
BETHAIDA GONZALEZ	VICE CHAIR	1.00	Officer Director	$0	$0	$0
REBECCA BRONFEIN RAPHAEL	MEMBER	1.00	Director	$0	$0	$0
MARTIN A SCHWAB	MEMBER	1.00	Director	$0	$0	$0
PETER A DUNN	PRESIDENT & CEO	40.00	Officer	$341,416	$30,587	$372,003
KIMBERLY SADOWSKI	VP & CFO	40.00	Officer	$185,733	$17,990	$203,723
FRANK RIDZI	VP OF COMMUNITY INVESTMENT	40.00	Highest	$149,585	$14,561	$164,146
AHMEED TURNER	VP OF SCHOLARSHIPS AND STUDENT SUCCESS	40.00	Highest	$139,593	$11,488	$151,081
KATRINA CROCKER	VP OF COMMUNICATIONS	40.00	Highest	$125,705	$22,351	$148,056
THOMAS GRIFFITH	VP OF DEVELOPMENT	40.00	Highest	$144,566	$14,353	$158,919
MONICA MERANTE	SENIOR DIRECTOR OF PHILANTHROPIC SERVICES	40.00	Highest	$109,547	$19,687	$129,234

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	No data	No data	No data	No data
2023	$34,290,952	$25,334,728	$389,455,496	$8,956,224
2022	$49,020,873	$22,148,773	$395,864,792	$26,872,100
2021	$37,517,618	$24,296,183	$363,941,689	$13,221,435
2020	$28,975,923	$18,866,618	$258,034,360	$10,109,305
2019	$25,897,424	$15,830,483	$279,278,951	$10,066,941

CENTRAL NEW YORK COMMUNITY FOUNDATION INC