CANAL CORRIDOR ASSOCIATION (EIN 363179758) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1981

Legal Domicile

Phone

8152231851

Tax Period

2024-01-01 to 2024-12-31

CANAL CORRIDOR ASSOCIATION, founded in 1981, is a small nonprofit that reported $724K in total revenue in fiscal year 2024. Expenses of $813K exceeded revenue, resulting in a 12% operating deficit.

Mission

PRESERVATION, ENHANCEMENT AND PROTECTION OF THE NATURAL, CULTURAL, ENVIRONMENTAL AND ECONOMIC HEALTH OF THE I & M CANAL NATIONAL HERITAGE CORRIDOR AND THE EDUCATION OF ITS RESIDENTS AND VISITORS

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $551,316

Program Service Revenue $15,850

Investment Income $0

Other Revenue $156,761

TOTAL REVENUE $723,927

Expense Breakdown

Grants Paid $0

Salaries & Benefits $409,491

Fundraising Expenses $8,742

Program Expenses $786,027

Other Expenses $403,055

TOTAL EXPENSES $812,546

Year-over-Year Comparison

	2024	2023	Change
Revenue	$723,927	$754,960	0.0%
Expenses	$812,546	$738,038	+0.1%
Net Income	$-88,619	$16,922	-6.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$109,000

Total Directors

$109,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANA B KOVAL	President & CEO	40.00	Officer Director	$109,000	$0	$109,000
MICHELLE MICETICH	Chairman	1.00	Officer Director	$0	$0	$0
JUDITH KERR	Director	1.00	Officer Director	$0	$0	$0
JEFFREY JULKOWSKI	Treasurer	1.00	Officer Director	$0	$0	$0
SUSAN ROY	Secretary	1.00	Officer Director	$0	$0	$0
CRICKET TRUTTER-HAUFF	Director	1.00	Officer Director	$0	$0	$0
AMANDA ANDREONI	Director	1.00	Director	$0	$0	$0
MATTHEW BERTANI	Director	1.00	Director	$0	$0	$0
DOUG PATTERSON	Director	1.00	Director	$0	$0	$0
CYNDI VALENCIA	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
2024	$723,927	$812,546	$1,049,302	$-88,619
2023	$754,960	$738,038	$1,154,316	$16,922
2023	$823,246	$711,039	$1,696,742	$112,207
2022	$1,042,567	$651,618	$1,596,971	$390,949
2021	$703,211	$608,579	$1,394,333	$94,632
2021	$728,659	$565,268	$1,338,680	$163,391
2020	$627,904	$651,394	$1,154,099	$-23,490
2019	$911,983	$904,225	$1,205,775	$7,758

CANAL CORRIDOR ASSOCIATION