THE SCHENECTADY FOUNDATION INC (EIN 611600398) - 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

2009

Legal Domicile

Principal Officer

ROBERT CARREAU

Phone

5183939500

Tax Period

2024-01-01 to 2024-12-31

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.

Mission

TO PROVIDE ADMINISTRATIVE AND OPERATIONAL SUPPORT TO THE SCHENECTADY FOUNDATION.

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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 $974,448

Program Service Revenue $0

Investment Income $1,979

Other Revenue $-17,390

TOTAL REVENUE $959,037

Expense Breakdown

Grants Paid $159,723

Salaries & Benefits $454,240

Fundraising Expenses $22,383

Program Expenses $694,555

Other Expenses $271,590

TOTAL EXPENSES $885,553

Year-over-Year Comparison

	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%

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

Volunteers

145

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

$183,176

Total Directors

Key Employees

Highest Compensated

reported

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

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	$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

THE SCHENECTADY FOUNDATION INC