THE STRATEGIC ECONOMIC CONSORTIUM

EIN: 260374580 501(c)(3) Environment

KINGSTON, NY

Total Revenue
$4,216
Total Expenses
$125,083
Total Assets
$508,928
Net Assets
$506,339
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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
2007
Legal Domicile
NY
Principal Officer
CARL E MEYER
Phone
8453360100
Tax Period
2024-01-01 to 2024-12-31

THE STRATEGIC ECONOMIC CONSORTIUM, founded in 2007, is a micro nonprofit in the Environment sector that reported $4K in total revenue in fiscal year 2024. Revenue surged 56% from the prior year, signaling strong growth momentum. Expenses of $125K exceeded revenue, resulting in a 2867% operating deficit.

Mission

TO ASSIST AND ACCLERATE GROWTH OF SMALL TO MEDIUM-SIZED MANUFACTURERS AND ENTREPRENEURS IN NEW YORK STATE'S HUDSON VALLEY REGION.

Program Service Accomplishments

Program 1
Expenses: $54,013

SMARTT LABS & PODS EQUIPMENT - PURCHASE AND INSTALL MANUFACTURING AND CHARACTERIZATION CAPITAL EQUIPMENT FOR THE SMARTT (SUNY MANUFACTURING ALLIANCE TECHNOLOGY TRANSFER) LABS AND SMARTT PODS LOCATED...

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SMARTT LABS & PODS EQUIPMENT - PURCHASE AND INSTALL MANUFACTURING AND CHARACTERIZATION CAPITAL EQUIPMENT FOR THE SMARTT (SUNY MANUFACTURING ALLIANCE TECHNOLOGY TRANSFER) LABS AND SMARTT PODS LOCATED AT HUDSON VALLEY BUSINESSES AND ON SUNY CAMPUSES.

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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 $2,745
Program Service Revenue $0
Investment Income $1,471
Other Revenue $0
TOTAL REVENUE $4,216

Expense Breakdown

Grants Paid $0
Salaries & Benefits $57,155
Fundraising Expenses $0
Program Expenses $54,013
Other Expenses $67,928
TOTAL EXPENSES $125,083

Year-over-Year Comparison

2024 2023 Change
Revenue $4,216 $2,703 +0.6%
Expenses $125,083 $184,461 -0.3%
Net Income $-120,867 $-181,758 -0.3%
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

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Governance

Voting Members
7
Independent Members
6
Employees
2
Volunteers
6

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
4
$81,023
Total Directors
6
$81,023
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CARL E MEYER PRESIDENT/CEO (SEE SCH. O) 20.00
Officer Director
$81,023 $0 $81,023
FRANK FALATYN SECRETARY 1.00
Officer Director
$0 $0 $0
DANIEL AHOUSE VICE CHAIRMAN 1.00
Officer Director
$0 $0 $0
WILLIAM JEMISON DIRECTOR 1.00
Director
$0 $0 $0
WILLIAM DURGIN DIRECTOR 1.00
Director
$0 $0 $0
DON TEGELER TREASURER 1.00
Officer 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
2024 $4,216 $125,083 $508,928 $-120,867
2023 $2,703 $184,461 $1,156,376 $-181,758
2022 $-278,273 $245,018 $594,733 $-523,291
2021 $11,650 $413,163 $1,127,192 $-401,513
2020 $560,042 $658,895 $1,926,213 $-98,853
2019 $1,058,773 $882,955 $1,923,231 $175,818
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