THE HUDSON VALLEY CENTER FOR INNOVATION INC (EIN 203579392) - 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

2005

Legal Domicile

Principal Officer

Hugh Schwartz

Phone

9179692502

Tax Period

2022-01-01 to 2022-12-31

THE HUDSON VALLEY CENTER FOR INNOVATION INC, founded in 2005, is a small nonprofit in the Community Improvement sector that reported $429K in total revenue in fiscal year 2022. Revenue surged 191% from the prior year, signaling strong growth momentum. Expenses of $539K exceeded revenue, resulting in a 26% operating deficit.

Mission

HVCI empowers business growth through planning, advisement and education. HVCI delivers its content through a collective of successful entrepreneurs serving other entrepreneurs at varying stages in their development. The organization employs programs, experiential learning, and a growth mindset to support companies in connecting to their marketplace and increasing revenues.

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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 (2022)

Revenue Breakdown

Contributions & Grants $419,967

Program Service Revenue $8,922

Investment Income $0

Other Revenue $0

TOTAL REVENUE $428,889

Expense Breakdown

Grants Paid $0

Salaries & Benefits $98,270

Fundraising Expenses $0

Program Expenses $539,308

Other Expenses $441,038

TOTAL EXPENSES $539,308

Year-over-Year Comparison

	2022	2021	Change
Revenue	$428,889	$147,220	+1.9%
Expenses	$539,308	$262,839	+1.1%
Net Income	$-110,419	$-115,619	0.0%

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

$141,344

Total Directors

$142,344

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Daniel Potocki	CEO and Managing Director	45.00	Officer Director	$81,344	$0	$81,344
Hugh Schwartz	Executive Chairman and CEO	30.00	Officer Director	$60,000	$0	$60,000
CHESTER WATSON	Director	10.00	Director	$500	$0	$500
James Cranston	Director	1.00	Director	$500	$0	$500

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
2022	$428,889	$539,308	$205,653	$-110,419
2021	$147,220	$262,839	$333,851	$-115,619
2020	$346,424	$222,337	$426,526	$124,087

THE HUDSON VALLEY CENTER FOR INNOVATION INC