CANAL NY MARKETING & BUSINESS ALLIANCE INC (EIN 203940519) - 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

Phone

8005454318

Tax Period

2023-01-01 to 2023-12-31

CANAL NY MARKETING & BUSINESS ALLIANCE INC, founded in 2005, is a micro nonprofit in the Civil Rights & Advocacy sector that reported $8K in total revenue in fiscal year 2023. Revenue surged 167% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3K, a strong 39% operating margin.

Mission

To represent all canal communities in NYS and partner with government, private businesses and organizations to support the growth, development and marketing of the canals in NYS.

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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 $7,760

Program Service Revenue $0

Investment Income $0

Other Revenue $355

TOTAL REVENUE $8,115

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $4,946

Other Expenses $4,946

TOTAL EXPENSES $4,946

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,115	$3,035	+1.7%
Expenses	$4,946	$4,615	+0.1%
Net Income	$3,169	$-1,580	-3.0%

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

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
Peter Wiles Jr	Treasurer & BM	2.00	Officer Director	$0	$0	$0
Jeff Cleary	Board Member	2.00	Director	$0	$0	$0
Robert Stivers	Board Member	2.00	Director	$0	$0	$0
William Drage	Secretary & BM	2.00	Officer Director	$0	$0	$0
Mercedes Niess	Board Member	2.00	Director	$0	$0	$0
Tammy Poinan Grimes	Chair & BM	2.00	Officer Director	$0	$0	$0
Michele Vennard	Board Member	2.00	Director	$0	$0	$0
Catherine Price	Vice Chair & BM	2.00	Officer Director	$0	$0	$0
Patrick Kaler	Board Member	2.00	Director	$0	$0	$0
David Granoff	Board Member	2.00	Director	$0	$0	$0
David Kinyon	Board Member	2.00	Director	$0	$0	$0
Nancy Ockenden Ragus	Board Member	2.00	Director	$0	$0	$0
Robert Provost	Ex Officio	2.00	Director	$0	$0	$0
Robert Stopper	Board Member	2.00	Director	$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
2023	$8,115	$4,946	$6,882	$3,169
2022	$3,035	$4,615	$3,713	$-1,580
2021	$4,122	$6,993	$5,293	$-2,871
2020	$-551	$7,024	$8,164	$-7,575
2019	$13,628	$7,210	$15,739	$6,418
2018	$11,349	$10,136	$9,321	$1,213

CANAL NY MARKETING & BUSINESS ALLIANCE INC