CAPITALIZE ALBANY CORPORATION (EIN 222353905) - 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

1979

Legal Domicile

Principal Officer

ANDERS TOMSON

Phone

5184342532

Tax Period

2023-01-01 to 2023-12-31

CAPITALIZE ALBANY CORPORATION, founded in 1979, is a community nonprofit in the Community Improvement sector that reported $3.8M in total revenue in fiscal year 2023. Revenue decreased 19% compared to the prior year. The organization ran a surplus of $1.8M, a strong 47% operating margin.

Mission

FACILITATING STRATEGIC ECONOMIC DEVELOPMENT AND TRANSFORMATIVE INVESTMENT IN THE CITY OF ALBANY.

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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 $2,491,090

Program Service Revenue $36,065

Investment Income $433,523

Other Revenue $879,591

TOTAL REVENUE $3,840,269

Expense Breakdown

Grants Paid $271,482

Salaries & Benefits $1,123,632

Fundraising Expenses $0

Program Expenses $1,183,302

Other Expenses $642,096

TOTAL EXPENSES $2,037,210

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,840,269	$4,760,117	-0.2%
Expenses	$2,037,210	$2,103,302	0.0%
Net Income	$1,803,059	$2,656,815	-0.3%

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

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

$687,512

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SARAH REGINELLI	PRESIDENT (UNTIL 11/17/23)	37.50	Officer	$199,667	$52,411	$252,078
ASHLEY MOHL	INTERIM PRES/DIR ECON DEVEL	37.50	Officer	$147,165	$46,649	$193,814
ANDREW CORCIONE	DIRECTOR OF REAL ESTATE DEV	37.50	Officer	$117,954	$13,295	$131,249
THOMAS CONOSCENTI	VICE PRESIDENT (UNTIL 6/30/23)	37.50	Officer	$85,538	$24,833	$110,371
KAWEEDA ADAMS	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL FANCHER	DIRECTOR	1.00	Director	$0	$0	$0
ANTHONY GADDY	DIRECTOR	1.00	Director	$0	$0	$0
HEATHER MULLIGAN ESQ	DIRECTOR	1.00	Director	$0	$0	$0
DAVID PARENTE	DIRECTOR	1.00	Director	$0	$0	$0
SONYA DEL PERAL	DIRECTOR	1.00	Director	$0	$0	$0
MATTHEW PETER	DIRECTOR	1.00	Director	$0	$0	$0
DR HAVIDAN RODRIGUEZ	DIRECTOR	1.00	Director	$0	$0	$0
KAREN TORREJON	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL CASTELLANA	CHAIR	1.00	Officer Director	$0	$0	$0
ANDERS TOMSON	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JOHN HARRIS ESQ	TREASURER	1.00	Officer Director	$0	$0	$0
JOHN VERO ESQ	SECRETARY	1.00	Officer 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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$3,840,269	$2,037,210	$24,751,088	$1,803,059
2022	$4,760,117	$2,103,302	$22,590,414	$2,656,815
2021	$2,084,460	$2,268,819	$22,968,487	$-184,359
2020	$1,970,612	$2,239,965	$23,969,863	$-269,353
2019	$5,589,110	$1,549,310	$24,213,667	$4,039,800
2018	$1,807,618	$1,787,249	$14,531,196	$20,369

CAPITALIZE ALBANY CORPORATION