THE ADIRONDACK TRUST COMPANY COMMUNITY FUND (EIN 266394395) - 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

ADIRONDACK TRUST COMPANY

Phone

5185845844

Tax Period

2023-01-01 to 2023-12-31

THE ADIRONDACK TRUST COMPANY COMMUNITY FUND, founded in 2008, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $600K in total revenue in fiscal year 2023. Revenue surged 28% from the prior year, signaling strong growth momentum. The organization ran a surplus of $176K, a strong 29% operating margin.

Mission

THE ADIRONDACK TRUST COMPANY COMMUNITY FUND OFFERS CHARITABLE GIVING PROGRAMS THAT ENCOURAGE INDIVIDUALS AND BUSINESSES IN SARATOGA COUNTY, WARREN COUNTY, WASHINGTON COUNTY AND THE SURROUNDING AREA TO MAKE CHARITABLE GIFTS.

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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 $320,028

Program Service Revenue $0

Investment Income $278,639

Other Revenue $1,125

TOTAL REVENUE $599,792

Expense Breakdown

Grants Paid $374,591

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $374,591

Other Expenses $49,186

TOTAL EXPENSES $423,777

Year-over-Year Comparison

	2023	2022	Change
Revenue	$599,792	$467,307	+0.3%
Expenses	$423,777	$618,802	-0.3%
Net Income	$176,015	$-151,495	-2.2%

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

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
SUSAN BOKAN	ADVISORY MEM	1.00	Director	$0	$0	$0
STEVE BOXLEY	ADVISORY MEM	1.00	Director	$0	$0	$0
MICHAEL BRODT	TRUSTEE	1.00	Director	$0	$0	$0
COLLEEN CARLSON	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
MARY HALLQUIST	ADVISORY MEM	1.00	Director	$0	$0	$0
VINNIE CROCITTO III	ADVISORY MEM	1.00	Director	$0	$0	$0
PHILIP KLEIN	ADVISORY MEM	1.00	Director	$0	$0	$0
CAROLINE PUTMAN	TREASURER	3.00	Officer Director	$0	$0	$0
BRIAN STRAUGHTER	ADVISORY MEM	1.00	Director	$0	$0	$0
JOYCE URE	ADVISORY MEM	1.00	Director	$0	$0	$0
ADIRONDACK TRUST COMPANY	TRUSTEE	1.00		$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	No data	No data	No data	No data
2023	$599,792	$423,777	$6,722,221	$176,015
2022	$467,307	$618,802	$5,741,984	$-151,495
2021	$625,067	$604,489	$7,092,077	$20,578
2020	$1,321,851	$788,866	$6,509,964	$532,985
2019	$1,865,857	$416,835	$5,385,654	$1,449,022
2018	$723,109	$270,364	$3,330,834	$452,745

THE ADIRONDACK TRUST COMPANY COMMUNITY FUND