UPSTATE PROPERTIES DEVELOPMENT INC (EIN 262980594) - 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

2008

Legal Domicile

Principal Officer

ERIC SMITH

Phone

3154644694

Tax Period

2024-07-01 to 2025-06-30

UPSTATE PROPERTIES DEVELOPMENT INC, founded in 2008, is a community nonprofit in the Education sector that reported $4.4M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.2M, a strong 28% operating margin.

Mission

PURPOSE/ACTIVITY IS TO HOLD PROPERTY TITLE & COLLECT/DISTRIBUTE INCOME THEREFROM TO ITS SOLE MEMBER, UPSTATE MEDICAL UNIVERSITY FOR THE EXEMPT PURPOSE USE.

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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 $1,053,652

Program Service Revenue $3,266,441

Investment Income $100,554

Other Revenue $0

TOTAL REVENUE $4,420,647

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,973,627

Other Expenses $3,183,304

TOTAL EXPENSES $3,183,304

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,420,647	$3,938,798	+0.1%
Expenses	$3,183,304	$2,961,228	+0.1%
Net Income	$1,237,343	$977,570	+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

Governance

Voting Members

Independent Members

Employees

N/A

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

$909,905

Total Directors

$1,375,269

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS TAYLOR	VICE CHAIR	0.50	Officer Director	$0	$0	$0
MANTOSH DEWAN	DIRECTOR	0.50	Director	$0	$119,170	$752,775
ERIC J SMITH	CHAIR	2.00	Officer Director	$0	$58,446	$622,494
MOLLY MULVIHILL	BOARD MEMBER	0.50	Director	$0	$0	$0
DAVID ANTHONY	TREASURER & SECRETARY	2.00	Officer	$0	$62,012	$287,411

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	$4,420,647	$3,183,304	$37,902,323	$1,237,343
2024	$3,938,798	$2,961,228	$35,173,989	$977,570
2023	$5,789,189	$2,941,353	$35,413,375	$2,847,836
2022	$3,447,529	$2,908,758	$35,877,673	$538,771
2021	$4,404,857	$3,982,196	$34,560,306	$422,661
2020	$3,476,011	$3,275,328	$32,805,121	$200,683
2019	$2,785,225	$3,510,958	$33,225,259	$-725,733
2018	$6,020,622	$3,468,817	$34,555,442	$2,551,805

UPSTATE PROPERTIES DEVELOPMENT INC