ERIE CANALWAY HERITAGE FUND INC

EIN: 260372982 501(c)(3) Community Improvement

COHOES, NY

Total Revenue
$2,855,777
Total Expenses
$2,477,304
Total Assets
$1,470,168
Net Assets
$944,004
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2006
Legal Domicile
NY
Principal Officer
ROBERT RADLIFF
Phone
5182377000
Tax Period
2024-10-01 to 2025-09-30

ERIE CANALWAY HERITAGE FUND INC, founded in 2006, is a community nonprofit in the Community Improvement sector that reported $2.9M in total revenue in fiscal year 2024. Revenue surged 36% from the prior year, signaling strong growth momentum. Expenses of $2.5M left a modest 13% surplus.

Mission

ERIE CANALWAY HERITAGE FUND, INC. WORKS TO PRESERVE THE EXTRAORDINARY CANAL CORRIDOR HERITAGE, TO PROMOTE THE CORRIDOR AS A WORLD CLASS TOURISM DESTINATION, AND TO FOSTER VIBRANT COMMUNITIES CONNECTED BY THE WATERWAY.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,593,691
Program Service Revenue $226,234
Investment Income $30,837
Other Revenue $5,015
TOTAL REVENUE $2,855,777

Expense Breakdown

Grants Paid $235,529
Salaries & Benefits $982,049
Fundraising Expenses $48,112
Program Expenses $2,109,587
Other Expenses $1,259,726
TOTAL EXPENSES $2,477,304

Year-over-Year Comparison

2024 2023 Change
Revenue $2,855,777 $2,106,485 +0.4%
Expenses $2,477,304 $2,041,595 +0.2%
Net Income $378,473 $64,890 +4.8%
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

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Liquidity & Cash Position

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Governance

Voting Members
15
Independent Members
15
Employees
12
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
6
$201,401
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBERT RADLIFF EXECUTIVE DI 40.00
Officer
$134,329 $19,608 $153,937
AIMEE MESSIER DIRECTOR OF 40.00
Officer
$27,661 $19,803 $47,464
BRAD PACKARD CHAIR 3.00
Officer Director
$0 $0 $0
KATE MORSE VICE CHAIR 3.00
Officer Director
$0 $0 $0
MARK HETTLER SECRETARY 3.00
Officer Director
$0 $0 $0
ERIN TOBIN TREASURER 3.00
Officer Director
$0 $0 $0
JUDY MCKINNEY CHERRY MEMBER 3.00
Director
$0 $0 $0
CARL BLOWERS MEMBER 1.00
Director
$0 $0 $0
BONNEY HARTLEY MEMBER 1.00
Director
$0 $0 $0
SUSAN HERLANDS-HOLLAND MEMBER 1.00
Director
$0 $0 $0
MARILYN HIGGINS MEMBER 1.00
Director
$0 $0 $0
MIKE KEEGAN MEMBER 1.00
Director
$0 $0 $0
JACK LESLIE MEMBER 1.00
Director
$0 $0 $0
NICOLE MAHONEY MEMBER 1.00
Director
$0 $0 $0
PAUL NEUREUTER MEMBER 1.00
Director
$0 $0 $0
HARRY R SICHERMAN MEMBER 1.00
Director
$0 $0 $0
KAL WYSOKOWSKI MEMBER 1.00
Director
$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 $2,855,777 $2,477,304 $1,470,168 $378,473
2024 $2,106,485 $2,041,595 $1,335,651 $64,890
2023 $1,496,346 $1,399,038 $817,124 $97,308
2022 $1,735,621 $1,783,177 $746,004 $-47,556
2021 $1,414,953 $1,369,840 $606,149 $45,113
2020 $1,156,246 $1,201,317 $509,935 $-45,071
2019 $1,294,374 $1,242,814 $503,647 $51,560
2018 $1,056,492 $1,022,103 $468,512 $34,389
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