HOMELESS ALLIANCE OF WESTERN NEW YORK INC (EIN 202308732) - 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

Principal Officer

KEXIN MA

Phone

7168531101

Tax Period

2023-01-01 to 2023-12-31

HOMELESS ALLIANCE OF WESTERN NEW YORK INC, founded in 2004, is a community nonprofit in the Housing & Shelter sector that reported $1.3M in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $1.3M left a modest 3% surplus.

Mission

HOMELESS ALLIANCE OF WESTERN NEW YORK, INC. WAS FORMED PRIMARILY TO FACILITATE DIALOGUE AND STRATEGIC ACTION BETWEEN GOVERNMENT, PUBLIC, AND PRIVATE SECTORS TO COMBAT HOMELESSNESS. THE ALLIANCE ALSO CONDUCTS ORIGINAL RESEARCH IN ORDER TO BETTER UNDERSTAND THE EXTENT AND NATURE OF HOMELESSNESS.

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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 $1,174,300

Program Service Revenue $130,075

Investment Income $2,509

Other Revenue $0

TOTAL REVENUE $1,306,884

Expense Breakdown

Grants Paid $143,748

Salaries & Benefits $740,783

Fundraising Expenses $0

Program Expenses $1,039,071

Other Expenses $377,001

TOTAL EXPENSES $1,261,532

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,306,884	$1,054,710	+0.2%
Expenses	$1,261,532	$969,712	+0.3%
Net Income	$45,352	$84,998	-0.5%

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

$160,120

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEN GHOLSTON	CHAIR	2.00	Officer Director	$0	$0	$0
MARY HANSON	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL HENRY	DIRECTOR	1.00	Director	$0	$0	$0
VAN JORGALI	TREASURER	2.00	Officer Director	$0	$0	$0
SR MARY AUGUSTA KAISER	DIRECTOR	1.00	Director	$0	$0	$0
ROBYN KRUEGER	DIRECTOR	1.00	Director	$0	$0	$0
BYRON MCKINNEY	DIRECTOR	1.00	Director	$0	$0	$0
JOHN MCMAHON	DIRECTOR	1.00	Director	$0	$0	$0
KELLEY SWANN	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS SYRACUSE	DIRECTOR	1.00	Director	$0	$0	$0
JOY TEDESCHI	VICE CHAIR	2.00	Officer Director	$0	$0	$0
KIM TOLLEY	DIRECTOR	1.00	Director	$0	$0	$0
PETER WARN	DIRECTOR	1.00	Director	$0	$0	$0
GLENDA WASHINGTON	SECRETARY	2.00	Officer Director	$0	$0	$0
LUANNE FIRESTONE	DIRECTOR	1.00	Director	$0	$0	$0
PHILLIP PANDY	DIRECTOR	1.00	Director	$0	$0	$0
KEXIN MA	EXECUTIVE DIRECTOR	40.00	Officer	$88,545	$10,800	$99,345
JARRETT STEFFAN	OPERATIONS MANAGER	40.00	Officer	$60,775	$0	$60,775

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
2023	$1,306,884	$1,261,532	$641,932	$45,352
2023	No data	No data	No data	No data
2022	$1,054,710	$969,712	$639,916	$84,998
2022	$966,047	$1,017,981	$451,774	$-51,934
2021	$917,592	$904,373	$495,143	$13,219
2021	$917,592	$904,372	$495,144	$13,220
2020	$929,942	$883,370	$488,603	$46,572
2019	$923,159	$877,497	$449,152	$45,662
2018	$763,860	$755,346	$397,219	$8,514

HOMELESS ALLIANCE OF WESTERN NEW YORK INC