HUDSON MOHAWK INDUSTRIAL GATEWAY (EIN 237269676) - 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

1972

Legal Domicile

Principal Officer

Susan Ouellette

Phone

5182745267

Tax Period

2023-01-01 to 2023-12-31

HUDSON MOHAWK INDUSTRIAL GATEWAY, founded in 1972, is a small nonprofit in the Arts, Culture & Humanities sector that reported $245K in total revenue in fiscal year 2023. Revenue surged 34% from the prior year, signaling strong growth momentum. The organization ran a surplus of $45K, a strong 18% operating margin.

Mission

INDUSTRIAL HERITAGE EDUCATION

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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 $237,005

Program Service Revenue $2,000

Investment Income $5,939

Other Revenue $0

TOTAL REVENUE $244,944

Expense Breakdown

Grants Paid $125

Salaries & Benefits $51,901

Fundraising Expenses $0

Program Expenses $131,080

Other Expenses $147,934

TOTAL EXPENSES $199,960

Year-over-Year Comparison

	2023	2022	Change
Revenue	$244,944	$182,482	+0.3%
Expenses	$199,960	$449,923	-0.6%
Net Income	$44,984	$-267,441	-1.2%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Fred Alm	BOARD PRESIDENT	2.00	Officer Director	$0	$0	$0
William Prout	Executive Vice President	2.00	Officer Director	$0	$0	$0
Alan Cluett	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
Stephen Muller	SECRETARY	2.00	Officer Director	$0	$0	$0
Elbery Watkins	TREASURER	2.00	Director	$0	$0	$0
Rosemary Nichols	BOARD MEMBER	2.00	Director	$0	$0	$0
Suzanne Spellen	BOARD MEMBER	2.00	Director	$0	$0	$0
Lynn Momrow-Zielinski	BOARD MEMBER	2.00	Director	$0	$0	$0
Christopher Tozzi	BOARD MEMBER	N/A		$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	$244,944	$199,960	$732,455	$44,984
2022	$182,482	$449,923	$687,471	$-267,441
2021	$193,839	$168,541	$954,912	$25,298
2020	$92,496	$130,621	$913,137	$-38,125
2020	$82,503	$131,944	$929,528	$-49,441
2019	$145,164	$240,518	$951,262	$-95,354
2019	$145,164	$222,670	$968,970	$-77,506
2018	$93,891	$158,055	$1,046,480	$-64,164
2017	$254,587	$188,993	$1,110,662	$65,594

HUDSON MOHAWK INDUSTRIAL GATEWAY