HUDSON VALLEY AGRI-BUSINESS DEVELOPMENT CORP

EIN: 753225637 501(c)(3) Community Improvement

HUDSON, NY

Total Revenue
$2,753,801
Total Expenses
$2,010,040
Total Assets
$3,715,227
Net Assets
$1,735,517
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2007
Legal Domicile
NY
Principal Officer
TODD ERLING
Phone
5184325360
Tax Period
2024-01-01 to 2024-12-31

HUDSON VALLEY AGRI-BUSINESS DEVELOPMENT CORP, founded in 2007, is a community nonprofit in the Community Improvement sector that reported $2.8M in total revenue in fiscal year 2024. Revenue surged 131% from the prior year, signaling strong growth momentum. The organization ran a surplus of $744K, a strong 27% operating margin.

Mission

ITS PURPOSES INCLUDE AGRIBUSINESS TECHNICAL ASSISTANCE AND SUPPORT, CONSERVATION OF AGRICULTURAL RESOURCES, CARRYING ON SCIENTIFIC RESEARCH FOR THE PURPOSE OF AIDING THE HUDSON VALLEY BY ATTRACTING AGRICULTURAL PRODUCERS, RELATED BUSINESSES OR PROCESSORS TO THE AREA, ASSISTING IN THE PROMOTION OF THE HUDSON VALLEY AGRICULTURAL INDUSTRY AND ITS PRODUCTS IN SUPPORT OF PROMOTING ECONOMIC DEVELOPMENT, AND CARRYING ON ACTIVITIES THAT REDUCE OR ELIMINATE THE BURDENS OF COUNTY AND REGIONAL GOVERNMENTS.

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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 $2,168,095
Program Service Revenue $332,921
Investment Income $3,502
Other Revenue $249,283
TOTAL REVENUE $2,753,801

Expense Breakdown

Grants Paid $818,590
Salaries & Benefits $639,787
Fundraising Expenses $43,164
Program Expenses $1,738,402
Other Expenses $551,663
TOTAL EXPENSES $2,010,040

Year-over-Year Comparison

2024 2023 Change
Revenue $2,753,801 $1,193,817 +1.3%
Expenses $2,010,040 $771,297 +1.6%
Net Income $743,761 $422,520 +0.8%
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
5
Independent Members
5
Employees
8
Volunteers
5

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
$208,888
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARK DOYLE PRESIDENT 0.25
Officer Director
$0 $0 $0
WALTER GARIGLIANO VICE PRESIDENT 0.25
Officer Director
$0 $0 $0
ANN FINNEGAN TREASURER/SECRETARY 0.25
Officer Director
$0 $0 $0
DENNIS DOYLE DIRECTOR 0.25
Director
$0 $0 $0
ERIC OOMS DIRECTOR 0.25
Director
$0 $0 $0
TODD ERLING EXECUTIVE DIRECTOR 40.00
Officer
$202,216 $6,672 $208,888
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 $2,753,801 $2,010,040 $3,715,227 $743,761
2023 $1,193,817 $771,297 $3,041,543 $422,520
2022 $670,033 $586,321 $1,314,265 $83,712
2021 $813,133 $622,725 $1,111,610 $190,408
2020 $722,313 $721,302 $601,102 $1,011
2019 $678,587 $659,064 $528,281 $19,523
2018 $548,208 $545,083 $371,681 $3,125
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