HISTORIC ALBANY FOUNDATION INC

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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

2024-09-01 to 2025-08-31

HISTORIC ALBANY FOUNDATION INC, founded in 1980, is a small nonprofit in the Arts, Culture & Humanities sector that reported $884K in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. The organization ran a surplus of $437K, a strong 49% operating margin.

Mission

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

Program Service Accomplishments

Program 1

Expenses: $219,591

PREPARATION OF HISTORIC PLAQUES AND EVENTS HELD TO RAISE FUNDS FOR OPERATING COSTS TO FURTHER RESEARCH, PRESERVATION EFFORTS AND WAREHOUSE OPERATION TO ENCOURAGE RE-USE OF HISTORIC BUILDING SUPPLIES...

Program 2

Expenses: $26,550

PRESERVATION AND RESTORATION OF HISTORIC PROPERTIES LOCATED IN ALBANY, NEW YORK.

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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 (2024)

Revenue Breakdown

Contributions & Grants $572,456

Program Service Revenue $199,914

Investment Income $71,401

Other Revenue $40,718

TOTAL REVENUE $884,489

Expense Breakdown

Grants Paid $0

Salaries & Benefits $267,302

Fundraising Expenses $80,368

Program Expenses $246,141

Other Expenses $180,678

TOTAL EXPENSES $447,980

Year-over-Year Comparison

	2024	2023	Change
Revenue	$884,489	$756,247	+0.2%
Expenses	$447,980	$473,677	-0.1%
Net Income	$436,509	$282,570	+0.5%

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

$77,664

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATT MALETTE	PRESIDENT	2.00	Officer Director	$0	$0	$0
SHAWN MORRIS	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
BETH MOSALL	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
APRIL FALLON	SECRETARY	2.00	Officer Director	$0	$0	$0
ROBERT COUGHLIN	TREASURER	2.00	Officer Director	$0	$0	$0
PADRAIC BAMBRICK	DIRECTOR	2.00	Director	$0	$0	$0
DEREK BARANSKI	DIRECTOR	2.00	Director	$0	$0	$0
PAGE BARNUM	DIRECTOR	2.00	Director	$0	$0	$0
ELIZABETH BENJAMIN	DIRECTOR	2.00	Director	$0	$0	$0
MICHELLE BRUCK	DIRECTOR	2.00	Director	$0	$0	$0
SCHUYLER BULL	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
AMY GEDULDIG	DIRECTOR	2.00	Director	$0	$0	$0
CHRISTOPHER HACKER	DIRECTOR	2.00	Director	$0	$0	$0
STEPHEN HICKEY	DIRECTOR	2.00	Director	$0	$0	$0
DAVID HINCHEN	DIRECTOR	2.00	Director	$0	$0	$0
FARAZ KHAN	DIRECTOR	2.00	Director	$0	$0	$0
JULIE LUNDGREN	DIRECTOR	2.00	Director	$0	$0	$0
CHARLES SILVERSTEIN	DIRECTOR	2.00	Director	$0	$0	$0
NIYATI SHETTY	DIRECTOR	2.00	Director	$0	$0	$0
PAMELA HOWARD	EXECUTIVE DI	40.00	Officer	$77,664	$0	$77,664

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	$884,489	$447,980	$2,675,149	$436,509
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