PAINE CASTLE FOUNDATION INC

EIN: 813121349 501(c)(3) Arts, Culture & Humanities

Troy, NY

Total Revenue
$192,871
Total Expenses
$442,880
Total Assets
$260,934
Net Assets
$80,934
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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
Scott Carpman
Phone
6105515555
Tax Period
2024-01-01 to 2024-12-31

PAINE CASTLE FOUNDATION INC, founded in 2016, is a small nonprofit in the Arts, Culture & Humanities sector that reported $193K in total revenue in fiscal year 2024. Revenue fell 24% from the prior year — a significant decline worth monitoring. Expenses of $443K exceeded revenue, resulting in a 130% operating deficit.

Mission

To renovate and preserve the architectural, historic, & civic value of the building more commonly known as 49 Second Street, Troy, NY 12180, currently registered with the New York State Historical Preservation registry, and to increase historical preservation awareness through educational programs open to the community.

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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 $179,719
Program Service Revenue $0
Investment Income $4,181
Other Revenue $8,971
TOTAL REVENUE $192,871

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $411,193
Other Expenses $442,880
TOTAL EXPENSES $442,880

Year-over-Year Comparison

2024 2023 Change
Revenue $192,871 $253,007 -0.2%
Expenses $442,880 $74,456 +4.9%
Net Income $-250,009 $178,551 -2.4%
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
N/A
Volunteers
75

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
0
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
William Kenyon Banker Director 1
Director
$0 $0 $0
Nicholas Grippo Director 1
Director
$0 $0 $0
Jonathan Diehl Director 1
Director
$0 $0 $0
Kimberly Rapp Director 8
Director
$0 $0 $0
Len Pierce Secretary 5
Director
$0 $0 $0
Scott Schenker Assistant Treasurer 4
Director
$0 $0 $0
Scott Carpman Vice President 15
Director
$0 $0 $0
Wyatt Alexander Nordstrom Vice President 8
Director
$0 $0 $0
Keith Morris Treasurer 5
Director
$0 $0 $0
George Theodore Dalakos Director 3
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 $192,871 $442,880 $260,934 $-250,009
2023 $253,007 $74,456 $304,300 $178,551
2022 $162,591 $124,238 $152,749 $38,353
2021 $243,084 $189,249 $94,422 $53,835
2020 $75,917 $44,324 $68,494 $31,593
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