ALBANY, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
THE PURPOSE OF THE CORPORATION IS TO ACQUIRE REAL PROPERTY AND HOLD TITLE TO SUCH PROPERTY FOR THE PURPOSE OF CREATING A COMMERCIAL LIFE SCIENCE, RESEARCH, AND TECHNOLOGY CLUSTER IN AN ENVIRONMENT IN WHICH NEW AND TECHNOLOGICALLY INNOVATIVE BUSINESSES CAN DEVELOP AND RESEARCH CAN BE TRANSLATED INTO COMMERCIALLY VIABLE HIGH TECHNOLOGY. THE LAWFUL PUBLIC OR QUASI-PUBLIC OBJECTIVE WHICH EACH OF THE FOREGOING PURPOSES WILL ACHIEVE SHALL BE TO ADVANCE THE EDUCATIONAL AND RESEARCH MISSION OF THE STATE UNIVERSITY OF NEW YORK AND THE STATE UNIVERSITY OF NEW YORK AT ALBANY BY ACQUIRING AND HOLDING TITLE TO FACILITIES IN WHICH SCIENCE RESEARCH AND SCHOLARLY PROGRAMS FOR THE ENHANCEMENT OF FACULTY, VISITING SCHOLARS, STUDENTS AND STAFF SHALL BE LOCATED; AND WHICH SCIENTIFIC RESEARCH FACILITIES SHALL ENHANCE THE ABILITY OF THE STATE UNIVERSITY OF NEW YORK AND THE STATE UNIVERSITY OF NEW YORK AT ALBANY TO ATTRACT PUBLIC AND PRIVATE FUNDS TO FURTHER RESEARCH AND SCHOLARLY STUDIES.
REAL ESTATE RENTAL INCOME - ACQUIRE, HOLD AND DEVELOP REAL PROPERTY IN WHICH SCIENCE RESEARCH AND SCHOLARY PROGRAMS FOR THE ENHANCEMENT OF FACULTY, VISITING SCHOLARS, STUDENTS AND STAFF SHALL BE...
REAL ESTATE RENTAL INCOME - ACQUIRE, HOLD AND DEVELOP REAL PROPERTY IN WHICH SCIENCE RESEARCH AND SCHOLARY PROGRAMS FOR THE ENHANCEMENT OF FACULTY, VISITING SCHOLARS, STUDENTS AND STAFF SHALL BE LOCATED; AND WHICH SCIENTIFIC RESEARCH FACILITIES SHALL ENHANCE THE ABILITY OF THE UNIVERSITY AT ALBANY AND SUNY TO ATTRACT PUBLIC AND PRIVATE FUNDS TO FURTHER RESEARCH AND SCHOLARLY STUDIES.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
Compare UNIVERSITY AT ALBANY BIOSCIENCE DEVELOPMENT CORPORATION with other nonprofits in New York and across the country.