CENTRAL NEW YORK TECHNOLOGY DEVELO… - Form 990 Financial Data

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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

JAMES A D'AGOSTINO

Phone

3154255144

Tax Period

2023-11-01 to 2024-10-31

CENTRAL NEW YORK TECHNOLOGY DEVELOPMENT ORGANIZATION INC, founded in 1988, is a community nonprofit that reported $2.1M in total revenue in fiscal year 2023. Revenue surged 26% from the prior year, signaling strong growth momentum.

Mission

TO GROW THE LOCAL ECONOMY BY HELPING LOCAL CENTRAL NEW YORK MANUFACTURERS AND TECHNOLOGY COMPANIES DRIVE OPERATIONAL EXCELLENCE AND CULTURAL TRANSFORMATION TO REACH THEIR FULL POTENTIAL.

Program Service Accomplishments

Program 1

Expenses: $2,027,627 Revenue: $1,167,469

CNY TDO WORKS HANDS-ON WITH ORGANIZATIONS TO DEVELOP AND IMPLEMENT STRATEGIES TO MEET THEIR GOALS AND SOLVE PROBLEMS. THIS IS ACCOMPLISHED THROUGH INITIATIVES IN LEAN SIX SIGMA, WORKFORCE AND...

CNY TDO WORKS HANDS-ON WITH ORGANIZATIONS TO DEVELOP AND IMPLEMENT STRATEGIES TO MEET THEIR GOALS AND SOLVE PROBLEMS. THIS IS ACCOMPLISHED THROUGH INITIATIVES IN LEAN SIX SIGMA, WORKFORCE AND LEADERSHIP DEVELOPMENT, STRATEGIC PLANNING, QUALITY SYSTEMS, MARKETING AND SALES STRATEGIES, THE IMPLEMENTATION OF LEADING-EDGE TECHNOLOGIES AND MORE. FOR RESEARCHERS AND ENTREPRENEURS, CNY TDO HELPS DEVELOP SUCCESSFUL BUSINESS STRATEGIES, ASSIST IN THE TRANSFER OF UNIVERSITY-DEVELOPED TECHNOLOGIES, AND SMOOTH THE TRANSITION FROM START-UPS TO MATURE ORGANIZATIONS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $840,427

Program Service Revenue $1,167,469

Investment Income $54,869

Other Revenue $59,361

TOTAL REVENUE $2,122,126

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,424,838

Fundraising Expenses $0

Program Expenses $2,027,627

Other Expenses $885,008

TOTAL EXPENSES $2,309,846

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,122,126	$1,679,426	+0.3%
Expenses	$2,309,846	$1,729,193	+0.3%
Net Income	$-187,720	$-49,767	+2.8%

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

$205,763

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TRACY FOLTZ	CHAIR	1.00	Officer Director	$0	$0	$0
JOSEPH MCGLYNN	TREASURER	1.00	Officer Director	$0	$0	$0
JEFFREY ELLERTON	SECRETARY	1.00	Officer Director	$0	$0	$0
BROOKE ROWE	DIRECTOR	1.00	Officer Director	$0	$0	$0
GRAHAM HARRINGTON	DIRECTOR	1.00	Director	$0	$0	$0
JAIME SWEET	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW FISH	DIRECTOR	1.00	Director	$0	$0	$0
DAN KOLINSKI	DIRECTOR	1.00	Director	$0	$0	$0
RANDY WOLKEN	DIRECTOR	1.00	Director	$0	$0	$0
GARY CAMPBELL	DIRECTOR	1.00	Director	$0	$0	$0
JAMES A D'AGOSTINO	CEO	40.00	Officer	$190,665	$15,098	$205,763
SCOTT LAUNDRY	EMPLOYEE	40.00	Highest	$151,908	$11,497	$163,405
SARAH BURLINGAME	EMPLOYEE	40.00	Highest	$142,759	$11,585	$154,344
MICHAEL METZGAR	EMPLOYEE	40.00	Highest	$125,496	$19,687	$145,183
DONALD LYNCH	EMPLOYEE	40.00	Highest	$107,599	$23,883	$131,482

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	$2,122,126	$2,309,846	$2,775,296	$-187,720
2023	$1,679,426	$1,729,193	$3,045,745	$-49,767
2022	$1,518,943	$1,523,326	$2,098,783	$-4,383
2021	$1,411,064	$1,382,962	$2,128,896	$28,102
2020	$2,517,440	$1,533,242	$2,100,905	$984,198
2019	$3,376,984	$3,686,389	$1,266,761	$-309,405
2018	$4,266,461	$4,265,699	$1,668,202	$762

CENTRAL NEW YORK TECHNOLOGY DEVELOPMENT ORGANIZATION INC