ALBANY FOOD AND WINE FESTIVAL INC (EIN 271439426) - 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

2009

Legal Domicile

Principal Officer

MARCUS PRYOR

Phone

5187326224

Tax Period

2022-07-01 to 2023-06-30

ALBANY FOOD AND WINE FESTIVAL INC, founded in 2009, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $94K in total revenue in fiscal year 2022. Revenue decreased 11% compared to the prior year. Expenses of $104K exceeded revenue, resulting in a 11% operating deficit.

Mission

THE ORGANIZATION CONDUCTS A FOOD AND WINE FESTIVAL EACH JANUARY TO SHOWCASE AREA CHEFS, RESTAURANTS, WINE & SPIRIT COMPANIES IN AND AROUND DOWNTOWN ALBANY AND AS A FUNDRAISER FOR LOCAL ARTS ORGANIZATIONS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $100,600

Program Service Revenue $0

Investment Income $0

Other Revenue $-6,666

TOTAL REVENUE $93,934

Expense Breakdown

Grants Paid $49,999

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $96,183

Other Expenses $54,422

TOTAL EXPENSES $104,421

Year-over-Year Comparison

	2022	2021	Change
Revenue	$93,934	$106,017	-0.1%
Expenses	$104,421	$97,954	+0.1%
Net Income	$-10,487	$8,063	-2.3%

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

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
WIDJIONO PURNOMO	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
ROBERT MACNAMARA	VICE CHAIRMA	1.00	Officer Director	$0	$0	$0
MARCUS PRYOR	PRESIDENT	3.00	Officer Director	$0	$0	$0
NEERAV PATEL	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
KATIE HOHMAN	SECRETARY	1.00	Officer Director	$0	$0	$0
MARIE ZIMMERMAN	TREASURER	1.00	Officer Director	$0	$0	$0
MARGARET CARCIOBOLO	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN CLEARY	DIRECTOR	1.00	Director	$0	$0	$0
MELISSA CURRADO	DIRECTOR	1.00	Director	$0	$0	$0
SONIA FREDERICK	DIRECTOR	1.00	Director	$0	$0	$0
KRISTEN HOLLER	DIRECTOR	1.00	Director	$0	$0	$0
NADINE LEWIS	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN MURPHY	DIRECTOR	1.00	Director	$0	$0	$0
JONATHAN SCHERZER	DIRECTOR	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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$93,934	$104,421	$49,572	$-10,487
2022	$106,017	$97,954	$12,023	$8,063
2021	$805	$11,353	$13,248	$-10,548
2020	$211,817	$219,792	$12,094	$-7,975
2019	$171,701	$153,237	$19,519	$18,464

ALBANY FOOD AND WINE FESTIVAL INC