ALBANY, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)CENTER FOR ECONOMIC GROWTH INC, founded in 1987, is a community nonprofit in the Social Science sector that reported $1.5M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $1.7M exceeded revenue, resulting in a 14% operating deficit.
TECHNICAL SERVICES GROUP ASSISTS REGIONAL TECHNOLOGY AND MANUFACTURING COMPANIES IN THE CREATION AND RETENTION OF JOBS, INCREASE SALES AND EXPAND CAPITAL INVESTMENT. VENTURE INITIATIVES PROVIDES CAPTIAL TO REGIONAL TECHNOLOGY COMPANIES BY CONNECTING THEM TO POTENTIAL INVESTORS, REVIEWING BUSINESS PLANS AND EXPANDING VENTURE FUNDING OPPORTUNITIES. CEG'S SALES CALLS, TRADESHOWS AND CULTIVATION OF BUSINESS CONTACTS THROUGH TARGETED STRATEGIC, CROSS-INDUSTRY & GLOBAL MARKETING PROGRAMS. PRESERVATION AND PROMOTION OF TECH VALLEY'S QUALITY OF LIFE WHILE HELPING POSITION COMMUNITIES TO ACHIEVE SMART AND DESIRED ECONOMIC GROWTH BY WORKING AT LOCAL, COUNTY AND STATE LEVEL TO EXPAND SERVICE-SHARING, ELIMINATE DUPLICATION AND STREAMLINE SERVICES AT ALL LEVELS OF GOVERNMENT. TO ENCOURAGE SMART GROWTH THROUGH THE DEVELOPMENT OF COMPREHENSIVE PLANS AND BY PROVIDING THE TOOLS, INFORMATION AND EDUCATION THAT WILL ALLOW FOR SUSTAINABLE COMMUNITIES.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $1,456,973 | $1,318,359 | +0.1% |
| Expenses | $1,662,378 | $1,459,413 | +0.1% |
| Net Income | $-205,405 | $-141,054 | +0.5% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| DAVID DEMARCO | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| BRIAN O'GRADY | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| FRAN O'ROURKE | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| STEPHEN OBERMAYER | CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| KIMBERLY IRELAND | TREASURER/SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| MARK EAGAN | PRESIDENT & CEO | 2.00 |
Officer
|
$17,483 | $85,598 | $522,666 |
| CHRISTINE HOLLE | VP, FINANCE & OPERATIONS | 6.00 |
Officer
|
$19,401 | $11,907 | $150,484 |
| KATHERINE JN BELMONT | CHIEF ECONOMIC DEVELOPMENT | 7.00 |
Highest
|
$27,005 | $24,546 | $204,577 |
| THOMAS BELL | PROJECT DIRECTOR, TECHNOLOGY SERVICES | 40.00 |
Highest
|
$117,640 | $9,236 | $126,876 |
| DON WIESENFORTH | SENIOR VICE PRESIDENT, CEG | 40.00 |
Highest
|
$134,828 | $11,612 | $146,440 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $1,456,973 | $1,662,378 | $1,334,669 | $-205,405 |
| 2023 | $1,318,359 | $1,459,413 | $1,545,948 | $-141,054 |
| 2022 | $1,283,587 | $1,465,356 | $1,845,501 | $-181,769 |
| 2021 | $2,266,001 | $2,173,029 | $2,002,118 | $92,972 |
| 2020 | $1,301,497 | $1,109,296 | $1,829,466 | $192,201 |
| 2019 | $1,268,371 | $1,443,521 | $1,116,712 | $-175,150 |
| 2018 | $1,376,534 | $1,371,357 | $641,462 | $5,177 |
Compare CENTER FOR ECONOMIC GROWTH INC with other nonprofits in New York and across the country.