NORTHERN NEW YORK COMMUNITY FOUNDATION INC

EIN: 156020989 501(c)(3) Philanthropy & Grantmaking

WATERTOWN, NY

Total Revenue
$19,223,854
Total Expenses
$5,810,387
Total Assets
$152,557,376
Net Assets
$137,846,227
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1929
Legal Domicile
NY
Principal Officer
RANDE S RICHARDSON
Phone
3157827110
Tax Period
2023-01-01 to 2023-12-31

NORTHERN NEW YORK COMMUNITY FOUNDATION INC, founded in 1929, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $19.2M in total revenue in fiscal year 2023. Revenue surged 72% from the prior year, signaling strong growth momentum. The organization ran a surplus of $13.4M, a strong 70% operating margin.

Mission

SEE PAGE 2 FOR COMPLETE MISSION STATEMENT.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $13,086,094
Program Service Revenue $0
Investment Income $5,993,274
Other Revenue $144,486
TOTAL REVENUE $19,223,854

Expense Breakdown

Grants Paid $4,318,630
Salaries & Benefits $1,019,971
Fundraising Expenses $106,008
Program Expenses $5,251,029
Other Expenses $471,786
TOTAL EXPENSES $5,810,387

Year-over-Year Comparison

2023 2022 Change
Revenue $19,223,854 $11,176,800 +0.7%
Expenses $5,810,387 $5,130,714 +0.1%
Net Income $13,413,467 $6,046,086 +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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Governance

Voting Members
15
Independent Members
15
Employees
10
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
7
$508,950
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KATHERINE F FENLON IMMEDIATE PAST CHAIR 3.00
Officer Director
$0 $0 $0
MARK R LAVARNWAY SECRETARY/TREASURER 3.00
Officer Director
$0 $0 $0
ELIZABETH PERRY BOARD MEMBER 1.00
Director
$0 $0 $0
FAYE C WATERMAN BOARD MEMBER 1.00
Director
$0 $0 $0
MARIE A HESS BOARD MEMBER 1.00
Director
$0 $0 $0
CATHERINE BURNS QUENCER CHAIR 5.00
Officer Director
$0 $0 $0
JEFFREY GINGER BOARD MEMBER 1.00
Director
$0 $0 $0
THERESA L QUINTIN BOARD MEMBER 1.00
Director
$0 $0 $0
ROBERT M SLIGAR BOARD MEMBER 1.00
Director
$0 $0 $0
MARK THOMPSON BOARD MEMBER 1.00
Director
$0 $0 $0
CHERYL R STECKLY VICE CHAIR 3.00
Officer Director
$0 $0 $0
EMILY SPRAGUE BOARD MEMBER 1.00
Director
$0 $0 $0
BRENT V SANFORD BOARD MEMBER 1.00
Director
$0 $0 $0
LISA A WEBER BOARD MEMBER 1.00
Director
$0 $0 $0
TIMOTHY SAVAGE BOARD MEMBER 1.00
Director
$0 $0 $0
RANDE S RICHARDSON EXECUTIVE DIRECTOR 40.00
Officer
$185,594 $25,453 $211,047
BETH MAGUIRE CFO 40.00
Officer
$149,234 $14,958 $164,192
MAX DELSIGNORE ASSISTANT DIRECTOR 40.00
Officer
$104,394 $29,317 $133,711
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 $19,223,854 $5,810,387 $152,557,376 $13,413,467
2022 $11,176,800 $5,130,714 $127,657,866 $6,046,086
2021 $16,124,492 $4,122,086 $141,175,832 $12,002,406
2020 $9,300,478 $4,630,636 $121,418,148 $4,669,842
2019 $12,530,389 $4,934,428 $110,525,140 $7,595,961
2018 $9,688,783 $3,389,203 $89,483,329 $6,299,580
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