SCHENECTADY, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)THE SCHENECTADY FOUNDATION INC, founded in 2009, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $959K in total revenue in fiscal year 2024. Revenue surged 30% from the prior year, signaling strong growth momentum. Expenses of $886K left a modest 8% surplus.
THE SCHENECTADY FOUNDATION'S MISSION IS TO ACHIEVE SUSTAINABLE IMPROVEMENT IN THE HEALTH AND WELFARE OF PEOPLE, ORGANIZATIONS AND NEIGHBORHOODS IN SCHENECTADY COUNTY THROUGH THE INVESTMENT OF PHILANTHROPIC RESOURCES. THE SCHENECTADY FOUNDATION, INC. PROVIDES ADMINISTRATIVE AND OPERATIONAL SUPPORT TO THE FOUNDATION TO ACHIEVE THIS MISSION.
GRANTS AND SCHOLARSHIPS MADE:THE SCHENECTADY FOUNDATION, INC. PROVIDES ADMINISTRATIVE AND OPERATING SUPPORT TO THE GRANTS AND SCHOLARSHIP PROGRAMS OF THE SCHENECTADY FOUNDATION, INCLUDING THE...
GRANTS AND SCHOLARSHIPS MADE:THE SCHENECTADY FOUNDATION, INC. PROVIDES ADMINISTRATIVE AND OPERATING SUPPORT TO THE GRANTS AND SCHOLARSHIP PROGRAMS OF THE SCHENECTADY FOUNDATION, INCLUDING THE CREATION OF GRANT APPLICATIONS AND PROCESSES, PROVIDING TECHNICAL ASSISTANCE TO GRANT APPLICATIONS AND GRANTEES, REVIEWING AND EVALUATING APPLICATIONS, ENSURING DUE DILIGENCE AND FOLLOW-UP THROUGH GRANT REPORTING, TRACKING AND MANAGING GRANT CONDITIONS AND PAYMENTS.
STRATEGIC INITIATIVES:SCHENECTADY FOUNDATION, INC. CARRIES OUT THE FOUNDATION'S PROGRAMS AND STRATEGIC INITIATIVES.IN 2024, STRATEGIC INITIATIVES INCLUDED:1. FOOD SECURITY:A. SCHENECTADY COUNTY FOOD...
STRATEGIC INITIATIVES:SCHENECTADY FOUNDATION, INC. CARRIES OUT THE FOUNDATION'S PROGRAMS AND STRATEGIC INITIATIVES.IN 2024, STRATEGIC INITIATIVES INCLUDED:1. FOOD SECURITY:A. SCHENECTADY COUNTY FOOD COUNCIL - THE FOOD COUNCIL CONTINUED TO WORK IN THREE KEY AREAS TO IMPROVE THE LOCAL FOOD SYSTEM: A.) ACCESS & EQUITY; B.) ADVOCACY & EMPOWERMENT; C.) AGRICULTURE & FOOD SYSTEMS. THE COUNCIL CONDUCTED MANY COMMUNITY MEETINGS TO BETTER UNDERSTAND HOW RESIDENTS ARE EXPERIENCING FOOD INSECURITY, AND TO PRESENT LEARNING OPPORTUNITIES ABOUT A VARIETY OF FOOD AND NUTRITION TOPICS.B. WEEKEND BACKPACK PROGRAM - THE PROGRAM PROVIDES WEEKEND MEALS TO ELEMENTARY SCHOOL CHILDREN IN SCHENECTADY COUNTY. DURING 2024 THERE WERE 200 STUDENTS SERVED.2. NEIGHBORHOODS:A. THRIVING NEIGHBORHOODS CHALLENGE PROJECTS, A PROGRAM SUPPORTING CITY OF SCHENECTADY RESIDENTS TO MAKE NEIGHBORHOOD IMPROVEMENTS, CONTINUED IN 2024. PROJECTS SUCH AS PARK IMPROVEMENTS AND CULTURAL/ EDUCATIONAL PROGRAMS WERE ADVANCED BY THE COOPERATIVE WORK OF 85 VOLUNTEERS WITH THE RESULTING IMPROVEMENTS BENEFITING ALL CITY RESIDENTS (65,000).3. COMMUNITY-DRIVEN SYSTEMS CHANGE:A. THE ONE SCHENECTADY SYSTEMS CHANGE STRATEGY BEGAN IMPLEMENTATION IN 2024 WITH THE ESTABLISHMENT OF A COMMUNITY CHANGE COUNCIL COMPRISED OF RESIDENTS, AND GRASSROOTS AND GRASSTOPS LEADERS. THE CHANGE COUNCIL FOCUSED ITS EFFORTS ON HOUSING ISSUES WITHIN THE CITY, AND THE DEVELOPMENT OF AN APP TO PROVIDE RENTERS WITH GREATER TRANSPARENCY AS TO CODE VIOLATIONS AND CONDITIONS AT RENTAL PROPERTIES. ONE SCHENECTADY SERVES THE ENTIRE COUNTY OF 150,000 PEOPLE BY CHANGING THE SYSTEMS THAT HAVE KEPT CURRENT SOCIETAL INEQUITIES IN PLACE.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $959,037 | $736,964 | +0.3% |
| Expenses | $885,553 | $917,369 | 0.0% |
| Net Income | $73,484 | $-180,405 | -1.4% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| JOHAN MATTHEWS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| KIRK LEWIS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| PAMELA PEARLMAN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JENNIFER KENNEALLY | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| RAYSHEEA TURNER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| OMAYRA PADILLA DEJESUS | CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| MONA GOLUB | VICE CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| KEVIN SMITH | ASSISTANT TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| ALFRED TOMPKINS | DIRECTOR, SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| MICHAEL OZIMEK | TREASURER | 1.00 |
Officer
|
$0 | $0 | $0 |
| ROBERT CARREAU | EXECUTIVE DIRECTOR | 40.00 |
Officer
|
$168,331 | $14,845 | $183,176 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $959,037 | $885,553 | $663,180 | $73,484 |
| 2023 | $736,964 | $917,369 | $671,565 | $-180,405 |
| 2022 | $1,104,395 | $938,530 | $666,789 | $165,865 |
| 2021 | $946,152 | $938,478 | $542,812 | $7,674 |
| 2020 | $1,030,586 | $932,743 | $486,351 | $97,843 |
| 2019 | $936,662 | $780,269 | $508,660 | $156,393 |
| 2018 | $815,584 | $663,126 | $456,162 | $152,458 |
Compare THE SCHENECTADY FOUNDATION INC with other nonprofits in New York and across the country.