ALBANY CAN CODE INC

EIN: 812893882 501(c)(3) Education

LATHAM, NY

Total Revenue
$1,394,511
Total Expenses
$1,315,251
Total Assets
$808,092
Net Assets
$448,072
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
NY
Principal Officer
ANNMARIE LANESEY PAYETTE
Phone
5182386808
Tax Period
2024-07-01 to 2025-06-30

ALBANY CAN CODE INC, founded in 2016, is a community nonprofit in the Education sector that reported $1.4M in total revenue in fiscal year 2024. Revenue surged 49% from the prior year, signaling strong growth momentum. Expenses of $1.3M left a modest 6% surplus.

Mission

ALBANY CAN CODE, INC. WORKS TO BUILD A MORE INCLUSIVE AND VIBRANT TECH TALENT PIPELINE AND TECH SECTOR WORKFORCE IN NEW YORK'S CAPITAL REGION. WE PARTNER WITH STAKEHOLDER EMPLOYERS, EDUCATORS AND COMMUNITY TO CREATE PROGRAMS THAT REDUCE CULTURAL AND ECONOMIC BARRIERS TO PARTICIPATING IN THE TECH ECONOMY. ULTIMATELY WE WORK TO SHIFT MINDSET ABOUT WHO CAN WORK IN TECHNOLOGY, AND TO CREATE OPEN ACCESS TO PATHWAYS TO JOINING THE TECH ECONOMY. THE ORGANIZATION IS BUILDING CAPACITY FOR THE TECH SECTOR WORKFORCE OF THE FUTURE.

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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 $968,894
Program Service Revenue $425,213
Investment Income $404
Other Revenue $0
TOTAL REVENUE $1,394,511

Expense Breakdown

Grants Paid $0
Salaries & Benefits $900,421
Fundraising Expenses $111,973
Program Expenses $972,480
Other Expenses $414,830
TOTAL EXPENSES $1,315,251

Year-over-Year Comparison

2024 2023 Change
Revenue $1,394,511 $934,642 +0.5%
Expenses $1,315,251 $1,121,965 +0.2%
Net Income $79,260 $-187,323 -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

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Governance

Voting Members
10
Independent Members
10
Employees
21
Volunteers
55

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
5
$123,554
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANNMARIE LANESEY PAYETTE CEO 40.00
Officer
$123,554 $0 $123,554
KYLE BISNETT CHAIRPERSON 2.00
Officer Director
$0 $0 $0
STEVEN FLENNORY VICE CHAIRPE 2.00
Officer Director
$0 $0 $0
COURTNEY VAN PELT TREASURER 2.00
Officer Director
$0 $0 $0
TOM KRAMER SECRETARY 2.00
Officer Director
$0 $0 $0
CHELSEA BELL DIRECTOR 2.00
Director
$0 $0 $0
DAVID SCHULTZ DIRECTOR 2.00
Director
$0 $0 $0
JENNIFER WALDEN DIRECTOR 2.00
Director
$0 $0 $0
LISA MCGRATH DIRECTOR 2.00
Director
$0 $0 $0
MARY MALONE MCCARTHY DIRECTOR 2.00
Director
$0 $0 $0
TAMI COLE DIRECTOR 2.00
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
2025 $1,394,511 $1,315,251 $808,092 $79,260
2024 $934,642 $1,121,965 $606,244 $-187,323
2023 $771,726 $1,224,737 $449,526 $-453,011
2022 $1,075,919 $868,931 $668,009 $206,988
2021 $588,900 $631,928 $279,046 $-43,028
2020 $547,187 $435,840 $285,234 $111,347
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