ADIRONDACK FOLK SCHOOL INC (EIN 272281324) - 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

2010

Legal Domicile

Principal Officer

TANYA A TOBIAS-TOMIS

Phone

5186962400

Tax Period

2024-01-01 to 2024-12-31

ADIRONDACK FOLK SCHOOL INC, founded in 2010, is a small nonprofit in the Education sector that reported $562K in total revenue in fiscal year 2024. Revenue surged 27% from the prior year, signaling strong growth momentum. The organization ran a surplus of $151K, a strong 27% operating margin.

Mission

THE ORGANIZATION IS A SINGLE PURPOSE ENTITY FORMED TO TEACH THE TRADITIONAL ARTS, CRAFTS AND CULTURE OF THE ADIRONDACK MOUNTAIN REGION OF THE STATE OF NEW YORK.

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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 $353,299

Program Service Revenue $162,966

Investment Income $120

Other Revenue $45,608

TOTAL REVENUE $561,993

Expense Breakdown

Grants Paid $0

Salaries & Benefits $189,558

Fundraising Expenses $26,906

Program Expenses $319,432

Other Expenses $221,689

TOTAL EXPENSES $411,247

Year-over-Year Comparison

	2024	2023	Change
Revenue	$561,993	$441,689	+0.3%
Expenses	$411,247	$395,134	+0.0%
Net Income	$150,746	$46,555	+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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID RIIHIMAKI	TREASURER	3.00	Officer Director	$0	$0	$0
JIM SCHREINER	TRUSTEE	3.00	Director	$0	$0	$0
PATRICIA GOLDBERG	SECRETARY	3.00	Officer Director	$0	$0	$0
STEPHEN FISK	TRUSTEE	3.00	Director	$0	$0	$0
TANYA TOBIAS-TOMIS	PRESIDENT	3.00	Officer Director	$0	$0	$0
DENNIS WILSON	TRUSTEE	3.00	Director	$0	$0	$0
SHEILA FLANAGAN	TRUSTEE	3.00	Director	$0	$0	$0
STEVE GURZLER	TRUSTEE	3.00	Director	$0	$0	$0
SUSIE BRANDT	TRUSTEE	3.00	Director	$0	$0	$0
CAL AUSTIN	TRUSTEE	3.00	Director	$0	$0	$0
MARY STEVENS	TRUSTEE	3.00	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
2024	$561,993	$411,247	$669,204	$150,746
2023	$441,689	$395,134	$409,235	$46,555
2022	$402,355	$355,462	$348,909	$46,893
2021	$341,697	$282,010	$255,360	$59,687
2020	$196,724	$215,609	$192,194	$-18,885
2019	$294,661	$285,959	$195,701	$8,702
2018	$299,998	$306,394	$184,245	$-6,396

ADIRONDACK FOLK SCHOOL INC