NEW YORK STATE ECONOMIC DEVELOPMENT COUNCIL INC (EIN 166064598) - 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

1973

Legal Domicile

Principal Officer

RYAN SILVA

Phone

5184264058

Tax Period

2024-01-01 to 2024-12-31

NEW YORK STATE ECONOMIC DEVELOPMENT COUNCIL INC, founded in 1973, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Expenses of $1.5M left a modest 3% surplus.

Mission

THE PURPOSE OF NYSEDC IS TO PROMOTE THE ECONOMIC DEVELOPMENT OF NEW YORK STATE AND ITS COMMUNITIES; TO ENCOURAGE SOUND BUSINESS PRACTICES IN THE CONDUCT OF REGIONAL AND STATEWIDE DEVELOPMENT PROGRAMS; AND TO DEVELOP EDUCATIONAL PROGRAMS THAT ENHANCE THE PROFESSIONAL DEVELOPMENT SKILLS OF NYSEDC MEMBERS.

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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 $1,535,381

Investment Income $16,549

Other Revenue $15,171

TOTAL REVENUE $1,567,101

Expense Breakdown

Grants Paid $0

Salaries & Benefits $548,411

Fundraising Expenses $0

Other Expenses $965,175

TOTAL EXPENSES $1,513,586

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,567,101	$1,663,112	-0.1%
Expenses	$1,513,586	$1,616,121	-0.1%
Net Income	$53,515	$46,991	+0.1%

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

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

$221,919

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR MARNIE LAVIGNE	DIRECTOR-AT-LARGE	1.00	Director	$0	$0	$0
JAMIE JOHNSON	IMMEDIATE PAST CHAIR	1.00	Officer Director	$0	$0	$0
PATRICK J KELLY	DIRECTOR-AT-LARGE	1.00	Director	$0	$0	$0
THOMAS KUCHARSKI	TREASURER	1.00	Officer Director	$0	$0	$0
KIPP HICKS	DIRECTOR-AT-LARGE	1.00	Director	$0	$0	$0
ARTHUR HAMLIN	AREA DIRECTOR	1.00	Director	$0	$0	$0
FREDERICK C BRAUN	AREA DIRECTOR	1.00	Director	$0	$0	$0
JOE SAYRE	DIRECTOR-AT-LARGE	1.00	Director	$0	$0	$0
THERESE DALY	DIRECTOR-AT-LARGE	1.00	Director	$0	$0	$0
KELLY MURPHY	DIRECTOR-AT-LARGE	1.00	Director	$0	$0	$0
MATT HURLBUTT	VICE CHAIR	1.00	Officer Director	$0	$0	$0
ROCHELLE POWELL	DIRECTOR-AT-LARGE	1.00	Director	$0	$0	$0
RONALD PETERS	AREA DIRECTOR	1.00	Director	$0	$0	$0
HEATHER DEVITT	DIRECTOR-AT-LARGE	1.00	Director	$0	$0	$0
STEVE HYDE	DIRECTOR-AT-LARGE	1.00	Director	$0	$0	$0
DR RODGER RAMSAMMY	DIRECTOR-AT-LARGE	1.00	Director	$0	$0	$0
HEATHER MCDANIEL	AREA DIRECTOR	1.00	Director	$0	$0	$0
BRITTANY DAVIS	VICE CHAIR	1.00	Officer Director	$0	$0	$0
ELENA GARUC	SECRETARY	1.00	Officer Director	$0	$0	$0
SARAH LEE	CHAIR	1.00	Officer Director	$0	$0	$0
VICTORIA DULEY	DIRECTOR-AT-LARGE	1.00	Director	$0	$0	$0
EMILY MARCUS	AREA DIRECTOR	1.00	Director	$0	$0	$0
STACEY DUNCAN	DIRECTOR-AT-LARGE	1.00	Director	$0	$0	$0
STEVE GRIFFIN	CHAIR ELECT	1.00	Officer Director	$0	$0	$0
KATIE NEWCOMBE	AREA DIRECTOR	1.00	Director	$0	$0	$0
BRIDGET GIBBONS	VICE CHAIR	1.00	Officer Director	$0	$0	$0
ZOE NELSON	DIRECTOR-AT-LARGE	1.00	Director	$0	$0	$0
STEVE PORATH	AREA DIRECTOR	1.00	Director	$0	$0	$0
JOHN CAPPELLINO	AREA DIRECTOR	1.00	Director	$0	$0	$0
HONORA SPILLANE	DIRECTOR-AT-LARGE	1.00	Director	$0	$0	$0
KYLE STROBER	DIRECTOR-AT-LARGE	1.00	Director	$0	$0	$0
BOB PETROVICH	DIRECTOR-AT-LARGE	1.00	Director	$0	$0	$0
CRICKETT THOMAS-O'DELL	AREA DIRECTOR	1.00	Director	$0	$0	$0
JOHN PISECK	DIRECTOR-AT-LARGE	1.00	Director	$0	$0	$0
RYAN SILVA	EXECUTIVE DIRECTOR	40.00	Officer	$208,500	$13,419	$221,919

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	$1,567,101	$1,513,586	$1,262,575	$53,515
2023	$1,663,112	$1,616,121	$1,123,491	$46,991
2022	$1,113,966	$1,033,729	$958,002	$80,237
2021	$761,669	$618,101	$836,279	$143,568
2020	$593,037	$527,865	$609,722	$65,172
2019	$820,609	$745,753	$463,360	$74,856
2018	$589,718	$552,477	$451,700	$37,241

NEW YORK STATE ECONOMIC DEVELOPMENT COUNCIL INC