LAUNCH NEW YORK INC (EIN 453980649) - 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

2011

Legal Domicile

Principal Officer

MARION LAVIGNE

Phone

7162000961

Tax Period

2023-01-01 to 2023-12-31

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.

Mission

TO STIMULATE ECONOMIC GROWTH IN ECONOMICALLY UNDERPERFORMING AREAS IN UPSTATE NEW YORK.

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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 (2023)

Revenue Breakdown

Contributions & Grants $3,082,186

Program Service Revenue $338,555

Investment Income $368,858

Other Revenue $10,000

TOTAL REVENUE $3,799,599

Expense Breakdown

Grants Paid $0

Salaries & Benefits $953,277

Fundraising Expenses $98,377

Program Expenses $2,362,587

Other Expenses $1,791,778

TOTAL EXPENSES $2,745,055

Year-over-Year Comparison

	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%

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

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

$344,350

Total Directors

Key Employees

Highest Compensated

reported

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

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
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

LAUNCH NEW YORK INC