HISTORIC ALBANY FOUNDATION INC (EIN 237380514) - 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

1980

Legal Domicile

Principal Officer

MATT MALETTE

Phone

5184650876

Tax Period

2023-09-01 to 2024-08-31

HISTORIC ALBANY FOUNDATION INC, founded in 1980, is a small nonprofit in the Arts, Culture & Humanities sector that reported $900K in total revenue in fiscal year 2023. The organization ran a surplus of $440K, a strong 49% operating margin.

Mission

THE PRIMARY PURPOSE OF THE FOUNDATION IS TO ADVOCATE AND SUPPORT THE PRESERVATION AND RESTORATION OF HISTORIC BUILDINGS IN THE ALBANY, NEW YORK AREA

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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 $573,747

Program Service Revenue $204,152

Investment Income $58,904

Other Revenue $62,942

TOTAL REVENUE $899,745

Expense Breakdown

Grants Paid $0

Salaries & Benefits $272,246

Fundraising Expenses $94,987

Program Expenses $243,604

Other Expenses $187,959

TOTAL EXPENSES $460,205

Year-over-Year Comparison

	2023	2022	Change
Revenue	$899,745	$925,267	0.0%
Expenses	$460,205	$473,677	0.0%
Net Income	$439,540	$451,590	0.0%

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

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
ANGELA SICKER	DIRECTOR	2.00	Director	$0	$0	$0
CHRISTOPHER HACKER	DIRECTOR	2.00	Director	$0	$0	$0
DAVID HINCHEN	DIRECTOR	2.00	Director	$0	$0	$0
FRAN ALTSHULER	DIRECTOR	2.00	Director	$0	$0	$0
JAKE CAPECELATRO	DIRECTOR	2.00	Director	$0	$0	$0
JAMES GAUGHAN	DIRECTOR	2.00	Director	$0	$0	$0
JULIE LUNDGREN	DIRECTOR	2.00	Director	$0	$0	$0
KORI GRAVES	DIRECTOR	2.00	Director	$0	$0	$0
MATT SCHEIDT	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL LOPEZ	DIRECTOR	2.00	Director	$0	$0	$0
MICHELLE BRUCK	DIRECTOR	2.00	Director	$0	$0	$0
PAMELA HOWARD	EXECUTIVE DIRECTOR	40.00	Director	$0	$0	$0
SCHUYLER BULL	DIRECTOR	2.00	Director	$0	$0	$0
STEPHEN HICKEY	DIRECTOR	2.00	Director	$0	$0	$0
TARA KENNEDY	DIRECTOR	2.00	Director	$0	$0	$0
CHARLES SILVERSTEIN	1ST VICE PRESIDENT	2.00	Officer	$0	$0	$0
MATT MALETTE	PRESIDENT	2.00	Officer	$0	$0	$0
ROBERT COUGHLIN	TREASURER	2.00	Officer	$0	$0	$0
SHAWN MORRIS	2ND VICE PRESIDENT	2.00	Officer	$0	$0	$0
TAMMY WEINMAN	SECRETARY	2.00	Officer	$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	$899,745	$460,205	$3,533,654	$439,540
2023	$925,267	$473,677	$3,575,024	$451,590
2022	$1,120,064	$383,885	$1,357,678	$736,179
2021	$453,937	$321,711	$686,629	$132,226
2020	$490,656	$319,546	$571,163	$171,110
2019	$286,365	$254,043	$275,539	$32,322
2018	$361,354	$272,967	$258,589	$88,387

HISTORIC ALBANY FOUNDATION INC