UNIVERSITY AT ALBANY BIOSCIENCE DEVELOPMENT CORPORATION (EIN 364619281) - 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

2007

Legal Domicile

Principal Officer

RICHARD MCGINN JR

Phone

5184375090

Tax Period

2024-07-01 to 2025-06-30

UNIVERSITY AT ALBANY BIOSCIENCE DEVELOPMENT CORPORATION, founded in 2007, is a community nonprofit in the Community Improvement sector that reported $5.5M in total revenue in fiscal year 2024. Revenue decreased 17% compared to the prior year. Expenses of $8.2M exceeded revenue, resulting in a 50% operating deficit.

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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 $62,383

Program Service Revenue $5,215,303

Investment Income $201,917

Other Revenue $0

TOTAL REVENUE $5,479,603

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $8,196,926

TOTAL EXPENSES $8,196,926

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,479,603	$6,612,898	-0.2%
Expenses	$8,196,926	$7,862,193	+0.0%
Net Income	$-2,717,323	$-1,249,295	+1.2%

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

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

$283,644

Total Directors

$18,965

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FARDIN SANAI	SECRETARY	1.00	Officer Director	$0	$0	$18,965
EDWARD SWYER	PRESIDENT	1.00	Officer Director	$0	$0	$0
GEORGE HEARST	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JEFFREY BLACK	TREASURER	1.00	Officer Director	$0	$0	$0
TODD FOREMAN	DIRECTOR	1.00	Director	$0	$0	$0
AMY KNAPP	DIRECTOR	1.00	Director	$0	$0	$0
HAVIDAN RODRIGUEZ	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN STRAUGHTER	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD MCGINN JR	EXECUTIVE DIRECTOR	13.13	Officer	$0	$26,469	$264,679

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	$5,479,603	$8,196,926	$36,358,849	$-2,717,323
2024	No data	No data	No data	No data
2023	$6,725,412	$8,113,665	$40,703,048	$-1,388,253
2022	$6,929,199	$7,892,296	$42,695,230	$-963,097
2021	$7,817,426	$8,234,062	$44,515,468	$-416,636

UNIVERSITY AT ALBANY BIOSCIENCE DEVELOPMENT CORPORATION