ALFRED TECHNOLOGY RESOURCES INC (EIN 161322074) - 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

1988

Legal Domicile

Principal Officer

ASHLEIGH MADISON

Phone

6079626387

Tax Period

2024-07-01 to 2025-06-30

ALFRED TECHNOLOGY RESOURCES INC, founded in 1988, is a community nonprofit in the Community Improvement sector that reported $1.9M in total revenue in fiscal year 2024.

Mission

TO STIMULATE ECONOMIC DEVELOPMENT IN THE SOUTHERN TIER REGION OF NY, THROUGH SUPPORT OF THE CREATION OF INNOVATIVE BUSINESS START-UPS AND THE JOBS THEY CREATE. THIS SUPPORT IS PROVIDED THROUGH ITS BUSINESS INCUBATOR FACILITIES AND THE RELATED PROGRAMMATIC SUPPORT PROVIDED BY ATRI STAFF AND UNIVERSITY COLLABORATORS. THE FOCUS OF THE BUSINESS INCUBATORS IS ADVANCED MANUFACTURING ENTREPRENEURIAL STARTUPS.

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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 $818,715

Program Service Revenue $1,073,548

Investment Income $30,998

Other Revenue $0

TOTAL REVENUE $1,923,261

Expense Breakdown

Grants Paid $0

Salaries & Benefits $833,316

Fundraising Expenses $0

Program Expenses $1,621,603

Other Expenses $1,080,613

TOTAL EXPENSES $1,913,929

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,923,261	$1,910,373	+0.0%
Expenses	$1,913,929	$1,832,607	+0.0%
Net Income	$9,332	$77,766	-0.9%

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

Volunteers

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

$140,880

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLES CRAIG	CHAIRMAN	3.00	Officer Director	$0	$0	$0
DAWN BURLEW	DIRECTOR	1.00	Director	$0	$0	$0
DOREEN EDWARDS	DIRECTOR	1.00	Director	$0	$0	$0
CRAIG CLARK	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
PER STROMHAUG	DIRECTOR	1.00	Director	$0	$0	$0
JAMES JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM MULLANEY	DIRECTOR	1.00	Director	$0	$0	$0
MARK LEWIS	DIRECTOR	1.00	Director	$0	$0	$0
KATHLEEN CLARK	DIRECTOR	1.00	Director	$0	$0	$0
KAMALA KEELEY	TREASURER	1.00	Officer Director	$0	$0	$0
JILL KOSKI	DIRECTOR	1.00	Director	$0	$0	$0
DAVID GOTTFRIED	DIRECTOR	1.00	Director	$0	$0	$0
BRADLEY TREAT	DIRECTOR	1.00	Director	$0	$0	$0
BO RUFFIN	DIRECTOR	1.00	Director	$0	$0	$0
ALISON M WOLFE	DIRECTOR	1.00	Director	$0	$0	$0
ASHLEIGH MADISON	EXECUTIVE DIRECTOR	40.00	Officer	$112,421	$28,459	$140,880

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	$1,923,261	$1,913,929	$3,251,224	$9,332
2024	$1,910,373	$1,832,607	$3,358,814	$77,766
2023	$1,543,058	$1,566,536	$3,390,263	$-23,478
2022	$1,402,544	$1,380,958	$3,397,077	$21,586
2021	$1,352,776	$1,311,333	$3,335,818	$41,443
2020	$1,311,376	$1,332,917	$3,471,254	$-21,541
2019	$1,570,204	$1,278,221	$3,483,528	$291,983
2018	$1,122,268	$1,613,060	$3,333,840	$-490,792

ALFRED TECHNOLOGY RESOURCES INC