SYRACUSE MODEL NEIGHBORHOOD CORPORATION (EIN 160998428) - 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

1972

Legal Domicile

Principal Officer

KERRY P QUAGLIA

Phone

3154758439

Tax Period

2024-05-01 to 2025-04-30

SYRACUSE MODEL NEIGHBORHOOD CORPORATION, founded in 1972, is a community nonprofit in the Housing & Shelter sector that reported $3.3M in total revenue in fiscal year 2024. The organization ran a surplus of $1.7M, a strong 53% operating margin.

Mission

THE MISSION OF THE ORGANIZATION IS TO ENHANCE AND BUILD RESILIENT DIVERSE COMMUNITIES, BY SUPPORTING ECONOMIC GROWTH, CREATIVE COMMUNITY-BASED INITIATIVES, AND QUALITY HOUSING SERVICES IN THE NEIGHBORHOODS IT SERVES.

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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 $483,996

Program Service Revenue $740,322

Investment Income $2,003,040

Other Revenue $90,195

TOTAL REVENUE $3,317,553

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,490,301

Other Expenses $1,573,412

TOTAL EXPENSES $1,573,412

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,317,553	$3,354,753	0.0%
Expenses	$1,573,412	$3,000,005	-0.5%
Net Income	$1,744,141	$354,748	+3.9%

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

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

$497,969

Total Directors

$338,954

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KERRY QUAGLIA	BOARD CHAIR/PRESIDENT	1.00	Officer Director	$0	$19,936	$219,335
KITTY RICE	VICE CHAIR	1.00	Officer Director	$0	$0	$0
RENEE SEALS	SECRETARY	1.00	Officer Director	$0	$0	$0
CIMONE JORDAN	TREASURER	1.00	Officer Director	$0	$0	$0
CELINA DEFRANCIS	ASSISTANT SECRETARY	1.00	Officer Director	$0	$20,454	$119,619
MARIE MATTISON	DIRECTOR	1.00	Director	$0	$0	$0
AYEHSA EVERSLEY	DIRECTOR	1.00	Director	$0	$0	$0
DENISE WELCH	DIRECTOR	1.00	Director	$0	$0	$0
ARLAINA HARRIS	DIRECTOR	1.00	Director	$0	$0	$0
TRICIA BAUER	CFO	1.00	Officer	$0	$9,052	$159,015

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	$3,317,553	$1,573,412	$1,827,929	$1,744,141
2024	$3,354,753	$3,000,005	$864,886	$354,748
2023	$2,936,118	$2,906,283	$1,113,486	$29,835
2023	$2,936,118	$2,906,283	$1,113,486	$29,835
2022	$2,022,133	$1,619,571	$989,627	$402,562
2021	$1,364,336	$1,882,234	$1,034,630	$-517,898
2020	$1,376,424	$1,508,419	$2,895,457	$-131,995
2019	$1,511,467	$1,771,014	$3,277,966	$-259,547

SYRACUSE MODEL NEIGHBORHOOD CORPORATION