ALFRED STATE COLLEGE DEVELOPMENT FUND INC (EIN 161453263) - 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

1993

Legal Domicile

Principal Officer

DANIELLE WHITE

Phone

6075873937

Tax Period

2024-07-01 to 2025-06-30

ALFRED STATE COLLEGE DEVELOPMENT FUND INC, founded in 1993, is a community nonprofit that reported $9.1M in total revenue in fiscal year 2024. Revenue surged 124% from the prior year, signaling strong growth momentum. The organization ran a surplus of $5.5M, a strong 61% operating margin.

Mission

TO ADVANCE AND PROMOTE THE INTEREST OF THE STATE UNIVERSITY OF NEW YORK COLLEGE OF TECHNOLOGY AT ALFRED, ITS STUDENTS, AND ITS ALUMNI BY GENERATING REVENUES THAT ARE USED TO PROVIDE SCHOLARSHIPS TO STUDENTS AND FINANCIAL ASSISTANCE FOR VARIOUS ACTIVITIES OF SUNY AT ALFRED

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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 $8,153,217

Program Service Revenue $109,570

Investment Income $787,921

Other Revenue $61,702

TOTAL REVENUE $9,112,410

Expense Breakdown

Grants Paid $2,109,264

Salaries & Benefits $93,161

Fundraising Expenses $132,143

Program Expenses $3,307,025

Other Expenses $1,392,009

TOTAL EXPENSES $3,594,434

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,112,410	$4,062,995	+1.2%
Expenses	$3,594,434	$2,137,785	+0.7%
Net Income	$5,517,976	$1,925,210	+1.9%

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

$222,869

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD LAUDISI	CHAIR PERSON	2.00	Officer Director	$0	$0	$0
JAMES H HELMS	VICE CHAIR	2.00	Officer Director	$0	$0	$0
AMANDA HERRICK SMITH	TREASURER	2.00	Officer Director	$0	$0	$0
CONNIE CAPUTO	SECRETARY	2.00	Officer Director	$0	$0	$0
JAMES LANGDON	DIRECTOR	2.00	Director	$0	$0	$0
JOSEPH LARAISO	DIRECTOR	2.00	Director	$0	$0	$0
DOUGLAS ACOMB	DIRECTOR	2.00	Director	$0	$0	$0
JAMES GRILLO	DIRECTOR	2.00	Director	$0	$0	$0
MADISON SZPAICHER	DIRECTOR	2.00	Director	$0	$0	$0
JOHN KRUEGER	DIRECTOR	2.00	Director	$0	$0	$0
MARY HUNTINGTON	DIRECTOR	2.00	Director	$0	$0	$0
DALE STELL	DIRECTOR	2.00	Director	$0	$0	$0
WILLIAM SNYDER III	DIRECTOR	2.00	Director	$0	$0	$0
TIMOTHY HARRIS	DIRECTOR	2.00	Director	$0	$0	$0
GREG FERRY	DIRECTOR	2.00	Director	$0	$0	$0
BOB FORNESS	DIRECTOR	2.00	Director	$0	$0	$0
DANIELLE WHITE	EXECUTIVE DIRECTOR	40.00	Officer	$0	$82,700	$222,869

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	$9,112,410	$3,594,434	$19,761,187	$5,517,976
2024	$4,062,995	$2,137,785	$13,837,834	$1,925,210
2023	$2,452,138	$2,208,199	$11,350,950	$243,939
2022	$2,490,756	$2,027,966	$11,006,281	$462,790
2021	$3,499,892	$1,095,883	$11,863,975	$2,404,009
2020	$2,180,858	$1,196,816	$8,412,893	$984,042
2019	$1,329,316	$896,991	$7,365,172	$432,325
2018	$1,173,908	$764,843	$6,916,466	$409,065

ALFRED STATE COLLEGE DEVELOPMENT FUND INC