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.
PROVIDE CUSTOMIZED STRATEGIES TO SMALL-TO-MIDDLE SIZED COMPANIES IN THE MANUFACTURING TECHNOLOGY SECTORS TO IMPROVE PRODUCTIVITY, INCREASE SALES, REDUCE COSTS, LAUNCH NEW PRODUCTS AND GROW THEIR BOTTOM LINE. IN ADDITION, WE ENGAGE IN A VARIETY OF INITIATIVES TO DEVELOP A SKILLED WORKFORCE TO SERVE THE REGION'S EMPLOYER COMMUNITY.
MANUFACTURING SOLUTIONS - OBJECTIVE IS TO SERVICE SMALL TO MEDIUM SIZED COMPANIES (SMES) IN THE MANUFACTURING AND TECHNOLOGY SECTORS ACROSS SEVERAL INDUSTRIES AND HELP THEM GROW AND COMPETE IN THE...
MANUFACTURING SOLUTIONS - OBJECTIVE IS TO SERVICE SMALL TO MEDIUM SIZED COMPANIES (SMES) IN THE MANUFACTURING AND TECHNOLOGY SECTORS ACROSS SEVERAL INDUSTRIES AND HELP THEM GROW AND COMPETE IN THE 21ST CENTURY. THE PROGRAM IS SUPPORTED BY NEW YORK STATES NYSTART PROGRAM (DIVISION OF SCIENCE, TECHNOLOGY AND INNOVATION) AND THE NIST (NATIONAL INSTITUTE OF STANDARDS AND TECHNOLOGY) THROUGH THE MANUFACTURING EXTENSION PARTNERSHIP PROGRAM. THESE SERVICES HELP SMES REALIZE NEW REVENUES AND INCREASE PROFITABILITY THROUGH ASSISTING THEM IN INCREASING SALES, IMPROVING PRODUCTIVITY AND OPERATIONS, LAUNCHING NEW PRODUCTS, ALIGNING EXECUTIVE TEAM STRATEGIES AND MORE. INTERNAL CEG TEAM MEMBERS, AS WELL AS THIRD-PARTY PARTNERS, PROVIDE THESE SERVICES. CEG IS ALSO RECOGNIZED AS THE REGIONAL TECHNOLOGY DEVELOPMENT CENTER (RTDC), FOCUSED ON PROMOTING TECHNOLOGY DEVELOPMENT, TECHNOLOGY TRANSFER, MANAGEMENT, AND TECHNOLOGY SECTORS. THIS DESIGNATION ALLOWS CEG TO LEVERAGE GRANT FUNDS FOR CLIENTS THROUGH PARTNERS SUCH AS NATIONAL GRID AND THE WORKFORCE DEVELOPMENT INSTITUTE.
PEOPLE/WORKFORCE DEVELOPMENT - WORKING DILIGENTLY TO BUILD A SKILLED WORKFORCE AND EDUCATION PIPELINE; TO CULTIVATE A STRONG SKILLED WORKFORCE; ENSURE ALIGNMENT OF EDUCATION PARTNER OFFERINGS TO...
PEOPLE/WORKFORCE DEVELOPMENT - WORKING DILIGENTLY TO BUILD A SKILLED WORKFORCE AND EDUCATION PIPELINE; TO CULTIVATE A STRONG SKILLED WORKFORCE; ENSURE ALIGNMENT OF EDUCATION PARTNER OFFERINGS TO LOCAL COMPANIES NEEDS, ATTRACT NEW WORKERS, AND PREPARE OUR YOUTH FOR FUTURE JOBS, CEG'S PRIMARY FOCUS IS IN MANUFACTURING AND TECHNOLOGY BASED JOBS FOR BOTH SKILLED WORKFORCE, HIGH TECH JOBS, AND MANAGEMENT. CEG IS FUNDED BY BOTH REGIONAL COUNTY WORKFORCE DEVELOPMENT BOARDS (WDBS), AND THE MANUFACTURING ALLIANCE OF CENTRAL NEW YORK (MACNY).
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.