ALBANY TECH FOUNDATION INC (EIN 581772686) - 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

1987

Legal Domicile

Principal Officer

GLENN SINGFIELD

Phone

2298831314

Tax Period

2021-07-01 to 2022-06-30

ALBANY TECH FOUNDATION INC, founded in 1987, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $298K in total revenue in fiscal year 2021. Revenue surged 233% from the prior year, signaling strong growth momentum. The organization ran a surplus of $166K, a strong 56% operating margin.

Mission

PROMOTE HIGHER EDUCATION AND ADMINISTER CASH, GRANTS, AND OTHER FUNDS AND PROPERTY IN ORDER TO ASSIST STUDENTS AT ALBANY TECHNICAL COLLEGE BY ENDOWMENTS.

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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 (2021)

Revenue Breakdown

Contributions & Grants $289,175

Program Service Revenue $0

Investment Income $9,163

Other Revenue $0

TOTAL REVENUE $298,338

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $3,208

Program Expenses $53,363

Other Expenses $131,908

TOTAL EXPENSES $131,908

Year-over-Year Comparison

	2021	2020	Change
Revenue	$298,338	$89,651	+2.3%
Expenses	$131,908	$137,617	0.0%
Net Income	$166,430	$-47,966	-4.5%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIE ADAMS	BOARD MEMBER	N/A	Director	$0	$0	$0
MIKE CLARK	SECRETARY	N/A	Director	$0	$0	$0
C W GRANT	BOARD MEMBER	N/A	Director	$0	$0	$0
LEM GRIFFIN	BOARD MEMBER	N/A	Director	$0	$0	$0
JOEY MAGADDINO	TREASURER	N/A	Director	$0	$0	$0
GLENN SINGFIELD	PRESIDENT	N/A	Director	$0	$0	$0
ALFREDIA HAMPTON	BOARD MEMBER	N/A	Officer	$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
2022	$298,338	$131,908	$2,839,798	$166,430
2018	$52,338	$114,870	$2,685,172	$-62,532

ALBANY TECH FOUNDATION INC