NORTHERN NEW YORK RESOURCES CORPORATION (EIN 161588455) - 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

2000

Legal Domicile

Principal Officer

PAULETTE ROES

Phone

3152651119

Tax Period

2024-01-01 to 2024-12-31

NORTHERN NEW YORK RESOURCES CORPORATION, founded in 2000, is a small nonprofit in the Education sector that reported $479K in total revenue in fiscal year 2024. Revenue surged 171% from the prior year, signaling strong growth momentum. The organization ran a surplus of $432K, a strong 90% operating margin.

Mission

THE PURPOSE OF THE CORPORATION IS TO (A) SOLICIT, ACCEPT, HOLD, INVEST, REINVEST AND ADMINISTER GIFTS, GRANTS, BEQUESTS, CONTRIBUTIONS, DEVISES, BENEFITS OF TRUSTS, ENDOWMENTS, AND PROPERTY; (B) USE, DISBURSE OR PAY THE INCOME OR PRINCIPAL THEREOF EXCLUSIVELY FOR THE BENEFIT OF THE NORTHERN NEW YORK LIBRARY NETWORK.

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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 $0

Program Service Revenue $0

Investment Income $479,127

Other Revenue $0

TOTAL REVENUE $479,127

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $47,241

TOTAL EXPENSES $47,241

Year-over-Year Comparison

	2024	2023	Change
Revenue	$479,127	$176,712	+1.7%
Expenses	$47,241	$43,694	+0.1%
Net Income	$431,886	$133,018	+2.2%

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
PAULETTE ROES	PRESIDENT	0.10	Officer Director	$0	$0	$0
EMILY HASTINGS	TREASURER	0.10	Officer Director	$0	$0	$0
CORI WILHELM	SECRETARY	0.10	Officer Director	$0	$0	$0
MICHAEL SPOFFORD	DIRECTOR	0.10	Director	$0	$0	$0
JUSTIN CREE	DIRECTOR	0.10	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	$479,127	$47,241	$5,204,021	$431,886
2023	$176,712	$43,694	$4,734,526	$133,018
2022	$181,842	$37,480	$4,248,992	$144,362
2021	$172,262	$190,699	$4,744,320	$-18,437
2020	$155,429	$229,468	$4,555,126	$-74,039
2019	$210,515	$220,456	$4,571,126	$-9,941
2018	$445,148	$209,088	$4,105,682	$236,060

NORTHERN NEW YORK RESOURCES CORPORATION