Albany Barn Inc (EIN 743186476) - 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

2006

Legal Domicile

Principal Officer

Casey Polomaine

Phone

5189354858

Tax Period

2023-01-01 to 2023-12-31

Albany Barn Inc, founded in 2006, is a small nonprofit in the Arts, Culture & Humanities sector that reported $587K in total revenue in fiscal year 2023. Revenue surged 87% from the prior year, signaling strong growth momentum.

Mission

Albany Barn is dedicated to providing a sustainable creative arts incubator and community arts center in Albany and Schenectady NY a place for artists to live, work and inspire.

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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 $283,731

Program Service Revenue $256,680

Investment Income $2

Other Revenue $46,632

TOTAL REVENUE $587,045

Expense Breakdown

Grants Paid $0

Salaries & Benefits $207,370

Fundraising Expenses $23,038

Program Expenses $455,401

Other Expenses $369,910

TOTAL EXPENSES $577,280

Year-over-Year Comparison

	2023	2022	Change
Revenue	$587,045	$314,692	+0.9%
Expenses	$577,280	$415,730	+0.4%
Net Income	$9,765	$-101,038	-1.1%

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

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

$60,552

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Casey Polomaine	Executive Dir.	40.00	Officer	$60,552	$0	$60,552
Susan Appe	Director	0.00	Director	$0	$0	$0
Nicholl Lockwood	Secretary	0.00	Director	$0	$0	$0
Howard Kibrick	Director	0.00	Director	$0	$0	$0
Kazuhiro Ohashi	Sgt. at arms	0.00	Officer Director	$0	$0	$0
Thomas Thibeault	Vice President	0.00	Officer Director	$0	$0	$0
Christopher Kennedy	Treasurer	0.00	Officer Director	$0	$0	$0
Michael Lorka	President	0.00	Officer Director	$0	$0	$0
Michelle Hines Abram Thibealut	Director	0.00	Director	$0	$0	$0
David Hogenkamp	Director	0.00	Director	$0	$0	$0
Jessica Hunter	Director	0.00	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	$587,045	$577,280	$11,376	$9,765
2022	$314,692	$415,730	$99,827	$-101,038
2021	$415,138	$432,092	$100,313	$-16,954
2020	$329,155	$311,123	$110,144	$18,032
2019	$333,144	$355,654	$77,104	$-22,510
2018	$336,206	$342,183	$79,855	$-5,977

Albany Barn Inc