WCNY FOUNDATION INC

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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

2011

Legal Domicile

Principal Officer

MITCH GELMAN

Phone

3154532424

Tax Period

2019-07-01 to 2020-06-30

Mission

TO PROVIDE FINANCIAL AND ADMINISTRATIVE ASSISTANCE TO THE PUBLIC BROADCASTING COUNCIL OF CENTRAL NEW YORK, INC. IN FURTHERANCE OF THE PUBLIC BROADCASTING COUNCIL OF CENTRAL NEW YORK, INC.'S EFFORTS TO CONSTRUCT AND OPERATE NON-COMMERCIAL BROADCAST STATIONS, INCLUDING TELEVISION AND FREQUENCY MODULATION (FM) BROADCAST SERVICE IN SYRACUSE, NEW YORK, AND THROUGHOUT THE CENTRAL NEW YORK REGION.

Program Service Accomplishments

Program 1

Expenses: $0 Revenue: $0

PURSUANT TO A PLAN OF MERGER, THE FOUNDATION MADE AN EQUITY TRANSFER TO THEIR RELATED AFFILIATE.

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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 (2019)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $0

TOTAL EXPENSES $0

Year-over-Year Comparison

	2019	2018	Change
Revenue	N/A	$22,553	-1.0%
Expenses	N/A	$741,171	-1.0%
Net Income	N/A	$-718,618	N/A

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

$380,456

Total Directors

$256,763

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFFREY B SCHEER ESQ	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
VIJAY SRINIVAS	VICE CHAIRPERSON	1.00	Officer Director	$0	$0	$0
THOMAS SCHNEIDER	TREASURER	1.00	Officer Director	$0	$0	$0
EVELYN INGRAM	SECRETARY	1.00	Officer Director	$0	$0	$0
MITCH GELMAN	PRESIDENT & CEO	1.00	Officer Director	$0	$6,261	$219,916
ROBERT J DAINO	DIRECTOR EMERITUS	1.00	Director	$0	$0	$36,847
RICHARD HEZEL PHD	BOARD DEVELOPMENT CHAIR	1.00	Officer Director	$0	$0	$0
MINDY CAPORIN	CFO	1.00	Officer	$0	$0	$97,492
ALAY MEHTA	CTO	1.00	Officer	$0	$3,099	$63,048

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
2020	No data	No data	No data	No data
2019	$22,553	$741,171	$13,355,817	$-718,618