ALBANY CITY ROCKS INC CO JAMES HART (EIN 161523515) - 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

JAMES HART

Phone

5184628325

Tax Period

2023-09-01 to 2024-08-31

ALBANY CITY ROCKS INC CO JAMES HART, founded in 1993, is a small nonprofit in the Recreation & Sports sector that reported $270K in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $305K exceeded revenue, resulting in a 13% operating deficit.

Mission

CHILDRENS BASKETBALL ORGANIZATION IN THE CAPITAL DISTRICT OF UPSTATE NEW YORK.

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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 $0

Program Service Revenue $270,397

Investment Income $1

Other Revenue $0

TOTAL REVENUE $270,398

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $298,859

Other Expenses $304,858

TOTAL EXPENSES $304,858

Year-over-Year Comparison

	2023	2022	Change
Revenue	$270,398	$217,135	+0.2%
Expenses	$304,858	$205,967	+0.5%
Net Income	$-34,460	$11,168	-4.1%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Anthony Marino	CHAIRMAN	10.00	Officer Director	$0	$0	$0
Corri Whallen	VICE CHAIRMAN	10.00	Officer Director	$0	$0	$0
BERNETT MARION	TREASURER	10.00	Officer Director	$0	$0	$0
Eric Cooper	SECRETARY	10.00	Officer Director	$0	$0	$0
James Hart	PRESIDENT	10.00	Officer Director	$0	$0	$0
Tom Huerter	Director	10.00	Officer Director	$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	$270,398	$304,858	$-26,469	$-34,460
2023	$217,135	$205,967	$7,991	$11,168
2022	$291,931	$295,108	$-3,177	$-3,177
2021	$233,017	$276,684	$188	$-43,667
2020	$95,056	$50,066	$43,855	$44,990
2019	$111,300	$112,435	$-1,391	$-1,135
2018	$170,520	$171,515	$-256	$-995

ALBANY CITY ROCKS INC CO JAMES HART