UPSTATE CAPITAL ASSOCIATION OF NY INC

EIN: 562345142 Community Improvement

NEW PALTZ, NY

Total Revenue
$542,018
Total Expenses
$585,621
Total Assets
$321,346
Net Assets
$161,214
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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
2003
Legal Domicile
NY
Principal Officer
SHELBY SCHNEIDER
Phone
8452048090
Tax Period
2024-01-01 to 2024-12-31

UPSTATE CAPITAL ASSOCIATION OF NY INC, founded in 2003, is a small nonprofit in the Community Improvement sector that reported $542K in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion.

Mission

ADVANCING THE NUMBER, SCALE AND QUALITY OF PRIVATE EQUITY INVESTMENTS ACROSS NEW YORK STATE; WORKING WITH ENTREPRENEURS, COMPANIES SEEKING FUNDING, PRIVATE EQUITY FIRMS AND OTHERS TO IMPROVE THE NUMBER AND QUALITY OF TRANSACTIONS IN WHICH INVESTMENTS CAN BE MADE.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $542,018
Investment Income $0
Other Revenue $0
TOTAL REVENUE $542,018

Expense Breakdown

Grants Paid $0
Salaries & Benefits $338,233
Fundraising Expenses $34,902
Program Expenses $455,655
Other Expenses $247,388
TOTAL EXPENSES $585,621

Year-over-Year Comparison

2024 2023 Change
Revenue $542,018 $456,660 +0.2%
Expenses $585,621 $489,067 +0.2%
Net Income $-43,603 $-32,407 +0.3%
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

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Governance

Voting Members
23
Independent Members
22
Employees
3
Volunteers
N/A

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
4
$158,052
Total Directors
22
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RANDY BIANCHI BOARD CHAIR 1.00
Officer Director
$0 $0 $0
THOMAS QUINN SECRETARY 1.00
Officer Director
$0 $0 $0
DAVID BROWN TREASURER 1.00
Officer Director
$0 $0 $0
RAMI KATZ BOARD MEMBER 1.00
Director
$0 $0 $0
DOMINIC MAMMARELLA BOARD MEMBER 1.00
Director
$0 $0 $0
BRIAN MODEL BOARD MEMBER 1.00
Director
$0 $0 $0
SAM TICKNOR BOARD MEMBER 1.00
Director
$0 $0 $0
ARI DAVID KOCEN BOARD MEMBER 1.00
Director
$0 $0 $0
MIKE LASCH BOARD MEMBER 1.00
Director
$0 $0 $0
KELSEY THOMAS BOARD MEMBER 1.00
Director
$0 $0 $0
SOMAK CHATTOPADHYAY BOARD MEMBER 1.00
Director
$0 $0 $0
VIKRAM AGRAWAL BOARD MEMBER 1.00
Director
$0 $0 $0
NICHOLAS QUERQUES BOARD MEMBER 1.00
Director
$0 $0 $0
PETE GRUM BOARD MEMBER 1.00
Director
$0 $0 $0
DAVE DINOLFO BOARD MEMBER 1.00
Director
$0 $0 $0
ERICA CHOI BOARD MEMBER 1.00
Director
$0 $0 $0
CHRISTOPHER RODI BOARD MEMBER 1.00
Director
$0 $0 $0
HOLLY MERGENHAGEN BOARD MEMBER 1.00
Director
$0 $0 $0
HEIDI KNOBLAUCH BOARD MEMBER 1.00
Director
$0 $0 $0
DAVID DRAHMS BOARD MEMBER 1.00
Director
$0 $0 $0
MIKE SHIMAZU BOARD MEMBER 1.00
Director
$0 $0 $0
JOSH NELSON BOARD MEMBER 1.00
Director
$0 $0 $0
NOA SIMONS PRESIDENT/CEO 28.00
Officer
$153,449 $4,603 $158,052
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 $542,018 $585,621 $321,346 $-43,603
2023 $456,660 $489,067 $367,787 $-32,407
2022 $576,740 $555,569 $397,968 $21,171
2021 $528,447 $470,312 $357,635 $58,135
2020 $477,329 $396,583 $342,402 $80,746
2018 $594,969 $609,593 $325,925 $-14,624
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