FORT SCHUYLER MANAGEMENT CORPORATION (EIN 271459023) - 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

DAVID ANDERSON

Phone

5189567322

Tax Period

2024-07-01 to 2025-06-30

FORT SCHUYLER MANAGEMENT CORPORATION, founded in 2009, is a mid-sized nonprofit in the Education sector that reported $19.8M in total revenue in fiscal year 2024. Revenue surged 1320% from the prior year, signaling strong growth momentum. The organization ran a surplus of $15.6M, a strong 79% operating margin.

Mission

FORT SCHUYLER MANAGEMENT CORPORATION WAS FORMED AND SHALL BE OPERATED EXCLUSIVELY FOR SCIENTIFIC, EDUCATIONAL, ECONOMIC DEVELOPMENT, AND CHARITABLE PURPOSES. IT ACHIEVES THIS OBJECTIVE BY FACILITATING RESEARCH AND ECONOMIC DEVELOPMENT ACTIVITIES RELATED TO THE RESEARCH AND EDUCATION MISSION OF SUNY BY PURCHASING, CONSTRUCTING, DEVELOPING AND MANAGING FACILITIES AND PROMOTING RESEARCH THEREIN WHICH SUPPORT THE ECONOMIC DEVELOPMENT, RESEARCH ACTIVITIES AND THE MISSION OF THE SUNY POLYTECHNIC INSTITUTE.

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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 $2,363,953

Program Service Revenue $0

Investment Income $18,144,804

Other Revenue $-666,991

TOTAL REVENUE $19,841,766

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $3,304,390

Other Expenses $4,258,345

TOTAL EXPENSES $4,258,345

Year-over-Year Comparison

	2024	2023	Change
Revenue	$19,841,766	$1,396,885	+13.2%
Expenses	$4,258,345	$7,392,023	-0.4%
Net Income	$15,583,421	$-5,995,138	-3.6%

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

$1,633,351

Total Directors

$72,692

Key Employees

$289,039

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JASMINKA HUSIC	DIRECTOR, AS OF 6/12/25	0.50	Director	$0	$0	$0
TERRENCE DALY	DIRECTOR, AS OF 4/7/25	0.50	Director	$0	$0	$0
JOAN MCDONALD	DIRECTOR	0.50	Director	$0	$0	$0
DR ANDREA GOLDSMITH	DIRECTOR, AS OF 6/12/25	0.50	Director	$0	$0	$0
KRISTIN PROUD	DIRECTOR	0.50	Director	$0	$0	$0
MENG-LING HSIAO	DIRECTOR	0.50	Director	$0	$0	$0
MICHAEL ABBOTT	DIRECTOR	0.50	Director	$0	$0	$0
DOUGLAS GROSE	CHAIR	0.50	Director	$0	$0	$72,692
HEATHER HAGE	DIRECTOR	0.50	Director	$0	$0	$0
MICHAEL CADIGAN	DIRECTOR, AS OF 6/13/25	0.50	Director	$0	$0	$0
PATRICIA BUCKLIN	SECRETARY	19.00	Officer	$187,984	$19,325	$207,309
PAUL KELLY	VP STRATEGY, PSHIPS & NV, & COO	3.00	Officer	$283,236	$44,969	$328,205
SCOTT BATEMAN	TREASURER	0.50	Officer	$0	$0	$0
TIMOTHY TAYLOR	VP CORPORATE FINANCE & CFO	9.00	Officer	$246,552	$129,144	$375,696
REBECCA BORDEN	GENERAL COUNSEL	15.00	Officer	$209,772	$34,081	$243,853
DAVID ANDERSON	PRESIDENT	9.00	Officer	$423,795	$54,493	$478,288
WILLIAM BRONNER	V.P. OF HUMAN RESOURCES	9.00	Key Emp	$230,164	$58,875	$289,039
THOMAS ALFIERI	ASSOCIATE VP , THRU 3/31/25	40.00	Highest	$233,272	$51,983	$285,255
PATRICIA ARCIERO-CRAIG	PAST CAO,ACT GEN COUNSEL	0.00		$456,367	$23,457	$479,824

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	$19,841,766	$4,258,345	$112,376,866	$15,583,421
2024	No data	No data	No data	No data
2023	$11,356,537	$3,903,738	$111,862,852	$7,452,799
2022	$10,596,426	$6,156,753	$109,621,788	$4,439,673
2021	$14,042,220	$12,028,633	$120,882,631	$2,013,587

FORT SCHUYLER MANAGEMENT CORPORATION