CEG OF THE CAPITAL REGION

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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

2017

Legal Domicile

Principal Officer

MARK EAGAN

Phone

5184311416

Tax Period

2024-01-01 to 2024-12-31

CEG OF THE CAPITAL REGION, founded in 2017, is a community nonprofit in the Mutual Benefit sector that reported $1.6M in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year. The organization ran a surplus of $470K, a strong 29% operating margin.

Mission

ACCELERATE ECONOMIC OPPORTUNITY IN ALBANY/NY'S CAPITAL REGION BY DEVELOPING AND IMPLEMENTING STRATEGIES TO ATTRACT, EXPAND, AND CREATE BUSINESSES AND JOBS, AND PROVIDE CATALYTIC LEADERSHIP, WORKING WITH PARTNERS AND STAKEHOLDERS TO SHAPE A VIBRANT, THRIVING FUTURE.

Program Service Accomplishments

Program 1

Expenses: $934,770 Revenue: $160,355

BUSINESS GROWTH/INDUSTRY - CEG DEVELOPS STRATEGIES AND MARKETS THE COMPETITIVE ASSETS OF THE CAPITAL REGION TO TARGETED DOMESTIC AND INTERNATIONAL BUSINESS IN HIGH GROWTH SECTORS THAT CORRESPOND TO THE REGION'S INDUSTRY CLUSTERS. THE ORGANIZATION'S ATTRACTION STRATEGY INCLUDES ATTENDANCE AT INDUSTRY SPECIFIC EVENTS AND TRADE SHOWS, DIRECT OUTREACH AND MEETINGS WITH DECISION MAKERS, AND DIGITAL MARKETING. CEG WORKS WITH PROSPECTIVE EXPANSION AND RELOCATION CLIENTS BY IDENTIFYING APPROPRIATE SITES, DEVELOPING PROPOSALS AND RESPONSES TO INFORMATION, PROVIDING ECONOMIC DATA, COORDINATING RESOURCES SUCH AS INCENTIVES AND WORKFORCE DEVELOPMENT NEEDS. WORK IS DONE IN PARTNERSHIP WITH EMPIRE STATE DEVELOPMENT, LOCAL MUNICIPALITIES, AND OTHER LOCAL ECONOMIC DEVELOPMENT AGENCIES.

Program 2

Expenses: $62,980 Revenue: $42,870

TALENT DEVELOPMENT/TALENT ATTRACTION - CEG HAS A DEDICATED TALENT ATTRACTION STRATEGY TO HELP GROW ITS WORKFORCE BY MARKETING THE REGION DIGITALLY TO TARGET AREAS, CERTAIN DEMOGRAPHIC POPULATIONS...

TALENT DEVELOPMENT/TALENT ATTRACTION - CEG HAS A DEDICATED TALENT ATTRACTION STRATEGY TO HELP GROW ITS WORKFORCE BY MARKETING THE REGION DIGITALLY TO TARGET AREAS, CERTAIN DEMOGRAPHIC POPULATIONS, AND/OR WITHIN TARGET INDUSTRIES. FURTHERMORE, CEG WORKS TO RETAIN THE REGION'S GRADUATING COLLEGE STUDENTS AND INTERNS.

Program 3

Expenses: $128,049 Revenue: $102,162

CEG ACTIVITY SECURES SUPPORT FROM INVESTORS IN BUSINESS, GOVERNMENT, EDUCATION, AND NON-PROFIT SECTORS WHO ARE COMMITTED TO SUSTAINABLE ECONOMIC GROWTH AND PROSPERITY.

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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 $1,278,854

Program Service Revenue $305,387

Investment Income $48,575

Other Revenue $0

TOTAL REVENUE $1,632,816

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,125,799

Other Expenses $1,162,689

TOTAL EXPENSES $1,162,689

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,632,816	$1,912,753	-0.1%
Expenses	$1,162,689	$1,344,672	-0.1%
Net Income	$470,127	$568,081	-0.2%

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

N/A

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

$673,150

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID DEMARCO	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN O'GRADY	DIRECTOR	1.00	Director	$0	$0	$0
FRAN O'ROURKE	DIRECTOR	1.00	Director	$0	$0	$0
STEPHEN OBERMAYER	CHAIR	1.00	Officer Director	$0	$0	$0
KIMBERLY IRELAND	TREASURER/SECRETARY	1.00	Officer Director	$0	$0	$0
MARK N EAGAN	PRESIDENT & CEO	7.00	Officer	$65,560	$85,598	$522,666
CHRISTINE A HOLLE	VP, FINANCE & OPERATIONS	4.00	Officer	$12,472	$11,907	$150,484
KATHARINE J N BELMONT	SENOIR VICE PRESIDENT	38.00	Highest	$153,026	$24,546	$204,577

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	$1,632,816	$1,162,689	$1,508,050	$470,127
2023	$1,912,753	$1,344,672	$1,365,323	$568,081
2022	$1,683,325	$1,229,034	$1,459,442	$454,291
2021	$1,640,221	$968,871	$954,995	$671,350
2020	$1,548,782	$1,288,359	$2,122,699	$260,423
2019	$1,812,523	$1,733,960	$1,563,396	$78,563
2019	$1,812,523	$1,669,707	$1,643,396	$142,816
2018	$1,678,899	$1,629,011	$817,222	$49,888