CANAL SOCIETY OF NEW YORK STATE INC

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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

1968

Legal Domicile

Phone

3154786551

Tax Period

2023-01-01 to 2023-12-31

CANAL SOCIETY OF NEW YORK STATE INC, founded in 1968, is a small nonprofit in the Arts, Culture & Humanities sector that reported $369K in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum. The organization ran a surplus of $77K, a strong 21% operating margin.

Mission

THE SOCIETY WAS ESTABLISHED TO STUDY THE HISTORY OF NEW YORK CANALS AND THEIR EFFECT ON THE LIFE AND ECONOMY OF NEW YORK STATE; TO PROMOTE INTEREST IN THE CANALS; AND TO ENCOURAGE PRESERVATION OF CANAL RECORDS, RELICS, STRUCTURES, AND SITES.

Program Service Accomplishments

Program 1

Expenses: $184,099 Revenue: $219,643

THE SOCIETY IS CURRENTLY INVOLVED IN THE PURCHASING AND RENOVATING OF HISTORIC CANAL RELATED ITEMS TO USE TO PROMOTE PUBLIC INTEREST AND EDUCATION.

Program 2

Expenses: $80,399 Revenue: $3,700

THE ORGANIZATION ROUTINELY ORGANIZES FUNCTIONS IN ORDER TO FACILITATE THE DISTRIBUTION OF INFORMATION ABOUT THE HISTORY AND BENEFITS OF THE NEW YORK STATE CANAL SYSTEM.

Program 3

THE ORGANIZATION DISTRIBUTES A NEWSLETTER TO EDUCATE PEOPLE ABOUT THE NEW YORK STATE CANAL SYSTEM HISTORY.

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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 $334,286

Program Service Revenue $19,552

Investment Income $4,338

Other Revenue $10,539

TOTAL REVENUE $368,715

Expense Breakdown

Grants Paid $0

Salaries & Benefits $105,565

Fundraising Expenses $1,734

Program Expenses $264,498

Other Expenses $185,802

TOTAL EXPENSES $291,367

Year-over-Year Comparison

	2023	2022	Change
Revenue	$368,715	$295,938	+0.2%
Expenses	$291,367	$226,162	+0.3%
Net Income	$77,348	$69,776	+0.1%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN DIMURA	Director	1.00	Director	$0	$0	$0
DARRIN ROOKER	Director	1.00	Director	$0	$0	$0
DAVID KINYON	Secretary	1.00	Officer Director	$0	$0	$0
ANITA COTTRELL	Treasurer	1.00	Officer Director	$0	$0	$0
LISA O'HARA	Director	1.00	Director	$0	$0	$0
JANICE FONTANELLA	Director	1.00	Director	$0	$0	$0
RON GRUBE	Director	1.00	Director	$0	$0	$0
RUTH ROSENBERG NAPARSTECK	Director	1.00	Director	$0	$0	$0
JOHN HATCH	Director	1.00	Director	$0	$0	$0
TAMMEE POINAN GRIMES	Director	1.00	Director	$0	$0	$0
BILL MILES	Director	1.00	Director	$0	$0	$0
BRUCE SCHWENDY	Director	1.00	Director	$0	$0	$0
CHRIS ROMANCHOK	Director	1.00	Director	$0	$0	$0
ANDREA SEAMANS	Director	1.00	Director	$0	$0	$0
BILL SCHOLLENBERGER	Director	1.00	Director	$0	$0	$0
CRAIG WILLIAMS	President	1.00	Officer Director	$0	$0	$0
WILLIAM VAN DORP	Director	1.00	Director	$0	$0	$0
DAN WARD	Vice President	1.00	Officer Director	$0	$0	$0
CABRYN GURDO	EXECUTIVE DIRECTOR	1.00		$0	$0	$0

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	$368,715	$291,367	$1,099,076	$77,348
2022	$295,938	$226,162	$964,126	$69,776
2021	$258,309	$213,118	$886,095	$45,191
2020	$137,644	$133,471	$840,379	$4,173
2019	$152,323	$145,518	$835,547	$6,805
2018	$93,913	$114,278	$821,658	$-20,365