THE TOWN OF GLENVILLE LOCAL DEVELOPMENT CORPORATIONSCHENECTADY COUNTY NEW YORK (EIN 460967786) - 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

2012

Legal Domicile

Principal Officer

RICHARD USAS

Phone

5182655635

Tax Period

2023-01-01 to 2023-12-31

THE TOWN OF GLENVILLE LOCAL DEVELOPMENT CORPORATIONSCHENECTADY COUNTY NEW YORK, founded in 2012, is a micro nonprofit in the Housing & Shelter sector that reported $15K in total revenue in fiscal year 2023. Revenue fell 38% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $5K, a strong 36% operating margin.

Mission

THE GLDC SERVES AS A RESOURCE TO STIMULATE ECONOMIC DEVELOPMENT WITHIN THE TOWN OF GLENVILLE THROUGH THE GROWTH OF NEW AND EXISTING BUSINESSES, AND THROUGH NUMEROUS INITIATIVES DESIGNED TO BENEFIT THE CITIZENS OF GLENVILLE.

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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 $0

Program Service Revenue $15,026

Investment Income $0

Other Revenue $0

TOTAL REVENUE $15,026

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $62

Other Expenses $9,557

TOTAL EXPENSES $9,557

Year-over-Year Comparison

	2023	2022	Change
Revenue	$15,026	$24,400	-0.4%
Expenses	$9,557	$20,783	-0.5%
Net Income	$5,469	$3,617	+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

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
RICHARD USAS	TREASURER/CHAIRMAN	1.00	Officer Director	$0	$0	$0
TRACY CONLEY	CHAIRMAN/BOARD OF DIRECTOR	1.00	Officer Director	$0	$0	$0
AMANDA GONZALEZ BARONE	SECRETARY	1.00	Officer Director	$0	$0	$0
RICHARD PALMER	DIRECTOR/TREASURER	1.00	Officer Director	$0	$0	$0
BRIAN CRAIG	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
CHRIS HEBBARD	BOARD OF DIRECTOR	1.00	Director	$0	$0	$0
SCOTT OSSWALD	BOARD OF DIRECTOR/SECRETARY	1.00	Officer Director	$0	$0	$0
JEANETTE BORTHWICK	TREASURER	1.00	Officer 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	No data	No data	No data	No data
2023	$15,026	$9,557	$431,131	$5,469
2022	$24,400	$20,783	$426,622	$3,617
2021	$8,614	$18,066	$422,045	$-9,452
2020	$8,733	$81,131	$434,138	$-72,398
2019	$14,443	$36,861	$503,895	$-22,418
2018	$82,942	$18,150	$526,613	$64,792

THE TOWN OF GLENVILLE LOCAL DEVELOPMENT CORPORATIONSCHENECTADY COUNTY NEW YORK