Upstate Venture Connect Corporation

EIN: 271606453 501(c)(3) Community Improvement

Little Falls, NY

Total Revenue
$568,346
Total Expenses
$521,956
Total Assets
$244,780
Net Assets
$167,816
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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
2010
Legal Domicile
NY
Principal Officer
Syed Nasir Ali
Phone
3158232682
Tax Period
2025-01-01 to 2025-12-31

Upstate Venture Connect Corporation, founded in 2010, is a small nonprofit in the Community Improvement sector that reported $568K in total revenue in fiscal year 2025. Revenue surged 52% from the prior year, signaling strong growth momentum. Expenses of $522K left a modest 8% surplus.

Mission

Upstate Venture Connect is an entrepreneur-led nonprofit focused on building a region wide startup community. We connect high growth company founders with the people and resources needed for success.

Program Service Accomplishments

Program 1
Expenses: $322,958 Revenue: $257,621

Upstate Venture Connect had some seminars to try to accelerate the creation and growth of knowledge based business fueled by private capital, promote collaboration across NY.

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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 (2025)

Revenue Breakdown

Contributions & Grants $310,725
Program Service Revenue $257,621
Investment Income $0
Other Revenue $0
TOTAL REVENUE $568,346

Expense Breakdown

Grants Paid $0
Salaries & Benefits $257,100
Fundraising Expenses $51,149
Program Expenses $322,958
Other Expenses $264,856
TOTAL EXPENSES $521,956

Year-over-Year Comparison

2025 2024 Change
Revenue $568,346 $374,855 +0.5%
Expenses $521,956 $325,749 +0.6%
Net Income $46,390 $49,106 -0.1%
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
8
Independent Members
8
Employees
3
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
1
$100,000
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Syed Nasir Ali Co Founder 1.00
Director
$0 $0 $0
Martin Babinec Chairman 1.00
Director
$0 $0 $0
Zachary Shulman Trustee 1.00
Director
$0 $0 $0
Mary Malone McCarthy Trustee 1.00
Director
$0 $0 $0
Michael Gursha Trustee 1.00
Director
$0 $0 $0
Jeff Valentine Trustee 1.00
Director
$0 $0 $0
Prabhdeep Singh Trustee 1.00
Director
$0 $0 $0
Jack Greco Trustee 1.00
Director
$0 $0 $0
Olivia Goldstein Executive Director 40.00
Officer
$100,000 $0 $100,000
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 $568,346 $521,956 $244,780 $46,390
2025 No data No data No data No data
2024 $374,855 $325,749 $169,267 $49,106
2023 $314,166 $376,752 $75,315 $-62,586
2022 $391,537 $353,792 $139,391 $37,745
2021 $277,504 $248,279 $121,861 $29,225
2020 $300,387 $272,337 $67,936 $28,050
2019 $374,391 $352,603 $42,886 $21,788
2018 $335,053 $367,029 $38,098 $-31,976
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