CENTRAL NEW YORK ENTERPRISE 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

JOSEPH RUSSO

Phone

3154228276

Tax Period

2018-01-01 to 2018-12-31

CENTRAL NEW YORK ENTERPRISE DEVELOPMENT CORPORATION, founded in 1988, is a small nonprofit that reported $321K in total revenue in fiscal year 2018. Revenue surged 410% from the prior year, signaling strong growth momentum. The organization ran a surplus of $227K, a strong 71% operating margin.

Mission

ASSIST BUSINESSES WITH THE COSTS ASSOCIATED WITH STARTING OR EXPANDING OPERATIONS IN CENTRAL NEW YORK

Program Service Accomplishments

Program 1

Expenses: $79,732 Revenue: $70,286

THE PRIMARY FUNCTION OF THE CORPORATION IS THE ADMINISTRATION OF LOW INTEREST LOANS TO AREA BUSINESSES.

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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 (2018)

Revenue Breakdown

Contributions & Grants $250,000

Program Service Revenue $70,286

Investment Income $551

Other Revenue $0

TOTAL REVENUE $320,837

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $79,732

Other Expenses $93,965

TOTAL EXPENSES $93,965

Year-over-Year Comparison

	2018	2017	Change
Revenue	$320,837	$62,911	+4.1%
Expenses	$93,965	$78,530	+0.2%
Net Income	$226,872	$-15,619	-15.5%

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

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

$153,981

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARY ANN MESSINGER	CHAIRPERSON	0.50	Officer Director	$0	$0	$0
STEPHEN ZABRISKIE	VICE CHAIRPERSON	0.50	Officer Director	$0	$0	$0
JOSEPH RUSSO	SECRETARY/TREASURER	0.50	Officer Director	$0	$0	$0
LINDA DICKERSON HARTSOCK	DIRECTOR	0.50	Director	$0	$0	$0
KATHLEEN RAPP	DIRECTOR	0.50	Director	$0	$0	$0
MORRIS SORBELLO	DIRECTOR	0.50	Director	$0	$0	$0
CYDNEY JOHNSON	DIRECTOR	0.50	Director	$0	$0	$0
DAVID BOTTAR	EXECUTIVE SECRETARY	0.70	Officer	$0	$33,507	$153,981

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
2018	$320,837	$93,965	$3,074,474	$226,872
2017	$62,911	$78,530	$2,747,825	$-15,619

CENTRAL NEW YORK ENTERPRISE DEVELOPMENT CORPORATION