CAPE VINCENT LOCAL DEVELOPMENT CORPORATION (EIN 365042770) - 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

2022

Legal Domicile

Principal Officer

WILLIAM MCDONOUGH

Phone

3154084530

Tax Period

2025-01-01 to 2025-12-31

CAPE VINCENT LOCAL DEVELOPMENT CORPORATION, founded in 2022, is a micro nonprofit in the Community Improvement sector that reported $55K in total revenue in fiscal year 2025. Revenue fell 47% from the prior year — a significant decline worth monitoring. Expenses of $63K exceeded revenue, resulting in a 14% operating deficit.

Mission

TO SERVE AS A RESOURCE TO THE CAPE VINCENT COMMUNITY IN ATTRACTING INVESTMENT, FOSTERING COMPATIBLE GROWTH, AND PROTECTING/ENHANCING QUALITY OF LIFE THROUGH ADVANCEMENT OF OUR STRATEGIC IMPERATIVES.

🔒

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 (2025)

Revenue Breakdown

Contributions & Grants $50,000

Program Service Revenue $0

Investment Income $4,914

Other Revenue $0

TOTAL REVENUE $54,914

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $45,766

Other Expenses $62,630

TOTAL EXPENSES $62,630

Year-over-Year Comparison

	2025	2024	Change
Revenue	$54,914	$104,519	-0.5%
Expenses	$62,630	$55,754	+0.1%
Net Income	$-7,716	$48,765	-1.2%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID SNOW	BOARD MEMBER	1.00	Director	$0	$0	$0
JIM MCQUEENY	BOARD MEMBER	1.00	Director	$0	$0	$0
MARY FARRELL	CHAIR - PRIOR	1.00	Officer Director	$0	$0	$0
AMANDA MASON	VICE CHAIR	1.00	Officer Director	$0	$0	$0
WILLIAM MCDONOUGH	CHAIR - CURRENT	1.00	Director	$0	$0	$0
CAROL THOMAS	TREASURER - PRIOR	1.00	Officer Director	$0	$0	$0
DANIEL WILEY	BOARD MEMBER	1.00	Director	$0	$0	$0
PAM YOUNGS	BOARD MEMBER	1.00	Director	$0	$0	$0
KATHLEEN KARENKO	TREASURER - CURRENT	1.00	Officer Director	$0	$0	$0
MICHAEL KINNIE	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN NICHOLS	BOARD MEMBER	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
2025	$54,914	$62,630	$170,633	$-7,716
2024	$104,519	$55,754	$179,120	$48,765

CAPE VINCENT LOCAL DEVELOPMENT CORPORATION