BUFFALO, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)LAUNCH NEW YORK INC, founded in 2011, is a community nonprofit in the Community Improvement sector that reported $3.8M in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year. The organization ran a surplus of $1.1M, a strong 28% operating margin.
THE ORGANIZATION'S OBJECTIVE IS TO IDENTIFY, SUPPORT AND INVEST IN HIGH-GROWTH, HIGH-IMPACT COMPANIES THAT CAN TRANSFORM THE LOCAL ECONOMY AND CATALYZE THE ENTREPRENEURIAL CULTURE IN THE 27 COUNTIES COMPRISING THE WESTERN HALF OF UPSTATE NEW YORK BY PROVIDING PRO-BONO MENTORSHIP AND CAPITAL ACCESS PROGRAMS & SERVICES TO ENTREPRENEURS WITH A PARTICULAR GOAL OF HELPING SCALABLE STARTUPS POSITION THEMSELVES TO RECEIVE PROFESSIONAL EQUITY INVESTMENTS FROM LAUNCH NY AND ANGEL, SEED-STAGE, AND VENTURE CAPITAL INVESTORS.
THE REGIONAL ENTREPRENEURSHIP ACTION PLAN IMPLEMENTATION PROGRAM: PROVIDE HIGH-GROWTH, HIGH-IMPACT COMPANIES THE GUIDANCE THEY NEED TO BECOME INVESTABLE AND SUCCESSFUL. LAUNCH NY CONNECTS...
THE REGIONAL ENTREPRENEURSHIP ACTION PLAN IMPLEMENTATION PROGRAM: PROVIDE HIGH-GROWTH, HIGH-IMPACT COMPANIES THE GUIDANCE THEY NEED TO BECOME INVESTABLE AND SUCCESSFUL. LAUNCH NY CONNECTS ENTREPRENEURS TO RESOURCES AND FUNDING BOTH WITHIN THE UPSTATE NY ECOSYSTEM AND BEYOND. SINCE THE BEGINNING OF 2012, LAUNCH NY HAS SERVED 1,489 COMPANIES AND IN 2023, LAUNCH NY SERVED 419 CLIENTS. BY THE END OF FISCAL YEAR 2023, LAUNCH NY COMPLETED 20 TRANSACTIONS FOR A TOTAL OF $975,000.
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)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $3,799,599 | $4,319,958 | -0.1% |
| Expenses | $2,745,055 | $2,373,617 | +0.2% |
| Net Income | $1,054,544 | $1,946,341 | -0.5% |
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 |
|---|---|---|---|---|---|---|
| GEORGE CHAMOUN | BOARD MEMBER/CHAIRPERSON | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| MAGGIE DORN | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| ZACHARY SCHULMAN | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| MEL PASSARELLI | BOARD MEMBER/VICE CHAIRPER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| MELODIE BAKER | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| THOMAS LYNCH | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| QUINCY ALLEN | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| JENNIFER BECKAGE | BOARD MEMBER (TO JAN, 2023) | 1.00 |
Director
|
$0 | $0 | $0 |
| MARION LAVIGNE | CEO/PRESIDENT/SECRETARY | 40.00 |
Officer
|
$250,000 | $16,350 | $266,350 |
| MICHAEL DEFREITAS | ASSISTANT SECRETARY | 1.00 |
Officer
|
$0 | $0 | $0 |
| SCOTT TERHAAR | COO/TREASURER | 20.00 |
Officer
|
$75,000 | $3,000 | $78,000 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | No data | No data | No data | No data |
| 2023 | $3,799,599 | $2,745,055 | $11,956,487 | $1,054,544 |
| 2022 | $4,319,958 | $2,373,617 | $9,625,094 | $1,946,341 |
| 2021 | $3,066,885 | $1,932,980 | $7,715,825 | $1,133,905 |
| 2020 | $3,470,565 | $1,856,716 | $5,910,787 | $1,613,849 |
| 2019 | $3,736,344 | $1,857,343 | $4,156,529 | $1,879,001 |
| 2018 | $2,549,839 | $1,483,195 | $2,307,995 | $1,066,644 |
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