DOWNTOWN SYRACUSE FOUNDATION INC (EIN 455419583) - 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

2010

Legal Domicile

Principal Officer

MERIKE TREIER

Phone

3154701800

Tax Period

2024-01-01 to 2024-12-31

DOWNTOWN SYRACUSE FOUNDATION INC, founded in 2010, is a small nonprofit in the Community Improvement sector that reported $329K in total revenue in fiscal year 2024. Revenue surged 86% from the prior year, signaling strong growth momentum.

Mission

TO CONDUCT RESEARCH, IDENTIFY BEST POLICIES AND PRACTICES, SECURE RESOURCES AND IMPLEMENT PROGRAMS AND PROJECTS TO SUPPORT THE REVITALIZATION OF DOWNTOWN SYRACUSE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $283,040

Program Service Revenue $35,750

Investment Income $10,399

Other Revenue $0

TOTAL REVENUE $329,189

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $309,428

Other Expenses $329,538

TOTAL EXPENSES $329,538

Year-over-Year Comparison

	2024	2023	Change
Revenue	$329,189	$177,139	+0.9%
Expenses	$329,538	$185,081	+0.8%
Net Income	$-349	$-7,942	-1.0%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MERIKE TREIER	PRESIDENT/CEO	1.00	Officer Director	$0	$0	$0
NICOLE SAMOLIS	CHAIR	1.00	Officer Director	$0	$0	$0
LINDSAY WEICHERT	VICE CHAIR/SECRETARY	1.00	Officer Director	$0	$0	$0
MICHAEL SGRO	MEMBER	1.00	Officer Director	$0	$0	$0
BRIAN PETRANCHUK	TREASURER	1.00	Officer Director	$0	$0	$0
STEVEN L AIELLO	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
2024	$329,189	$329,538	$598,259	$-349
2023	$177,139	$185,081	$480,793	$-7,942
2022	$407,316	$398,333	$406,793	$8,983

DOWNTOWN SYRACUSE FOUNDATION INC