LUTHER FOREST TECHNOLOGY CAMPUS ECONOMIC DEVELOPMENT CORPORATION (EIN 201263893) - 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

2004

Legal Domicile

Phone

5188522226

Tax Period

2020-01-01 to 2020-12-31

LUTHER FOREST TECHNOLOGY CAMPUS ECONOMIC DEVELOPMENT CORPORATION, founded in 2004, is a small nonprofit that reported $174K in total revenue in fiscal year 2020. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $295K exceeded revenue, resulting in a 69% operating deficit.

Mission

LOCATION AND EXPANSION OF NANOTECH AND OTHER INDUSTRIES AND CREATION OF JOB OPPORTUNITIES IN SARATOGA COUNTY

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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 (2020)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $174,322

TOTAL REVENUE $174,322

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $265,622

Other Expenses $294,745

TOTAL EXPENSES $294,745

Year-over-Year Comparison

	2020	2019	Change
Revenue	$174,322	$149,318	+0.2%
Expenses	$294,745	$255,178	+0.2%
Net Income	$-120,423	$-105,860	+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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
J THOMAS ROOHAN	CHAIRMAN	3.25	Officer Director	$0	$0	$0
JOSEPH W DALTON JR	SECRETARY	1.00	Officer Director	$0	$0	$0
N ROBERT HAYES	MEMBER	1.00	Director	$0	$0	$0
CLIFF VANWAGNER	VICE CHAIR AND TREASURER	1.25	Officer Director	$0	$0	$0
ROBERT BURDICK	MEMBER	1.00	Director	$0	$0	$0
DAVID WALLINGFORD	MEMBER	1.00		$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
2020	$174,322	$294,745	$17,461,739	$-120,423
2018	$-1,196,490	$366,742	$17,679,127	$-1,563,232

LUTHER FOREST TECHNOLOGY CAMPUS ECONOMIC DEVELOPMENT CORPORATION