CORNELL AGRICULTURE AND FOOD TECHNOLOGY PARK CORPORATION (EIN 161595380) - 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

MICHAEL J MANIKOWSKI

Phone

3157810070

Tax Period

2024-01-01 to 2024-12-31

CORNELL AGRICULTURE AND FOOD TECHNOLOGY PARK CORPORATION, founded in 2000, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $282K in total revenue in fiscal year 2024. Revenue fell 49% from the prior year — a significant decline worth monitoring. Expenses of $454K exceeded revenue, resulting in a 61% operating deficit.

Mission

THE ORGANIZATION'S MISSION IS TO FOSTER CREATION, RETENTION AND EXPANSION OF AGRICULTURE, FOOD AND RELATED RESEARCH AND DEVELOPMENT ENTERPRISES TO BENEFIT THE NEW YORK ECONOMY, AND TO STRENGTHEN THE GENEVA EXPERIMENT STATION BY FOSTERING TECHNOLOGY TRANSFERS AND PARTNERSHIPS WITH COMMERCIAL FIRMS.

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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 $123,500

Program Service Revenue $157,723

Investment Income $812

Other Revenue $18

TOTAL REVENUE $282,053

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $347,264

Other Expenses $454,038

TOTAL EXPENSES $454,038

Year-over-Year Comparison

	2024	2023	Change
Revenue	$282,053	$550,825	-0.5%
Expenses	$454,038	$461,649	0.0%
Net Income	$-171,985	$89,176	-2.9%

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

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
CATHERINE M YOUNG	Director	1.00	Director	$0	$0	$0
MICHAEL J MANIKOWSKI	Chair & Secret	4.00	Officer Director	$0	$0	$0
ED MAGUIRE	Trustee	1.00	Director	$0	$0	$0
CHRIS SMART	Director	1.00	Director	$0	$0	$0
JAN NYROP	Director	1.00	Director	$0	$0	$0
AMIE HENDRIX	Director	1.00	Director	$0	$0	$0
OLGA PADILLA-ZAKOUR	Director	1.00	Director	$0	$0	$0
MICHAEL NOZZOLIO	Director	1.00	Director	$0	$0	$0
WILLIAM STRASSBURG	Director	1.00	Director	$0	$0	$0
RYAN DAVIS	Trustee	1.00	Director	$0	$0	$0
BRENDAN TYDINGS	Treasurer	0.00		$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
2024	$282,053	$454,038	$5,773,503	$-171,985
2023	$550,825	$461,649	$4,260,409	$89,176
2022	$202,992	$413,269	$4,149,844	$-210,277
2021	$163,489	$371,049	$4,274,981	$-207,560
2020	$183,382	$464,832	$4,294,579	$-281,450
2019	$151,623	$638,964	$4,574,733	$-487,341
2018	$349,672	$630,124	$5,050,164	$-280,452

CORNELL AGRICULTURE AND FOOD TECHNOLOGY PARK CORPORATION