NYS ECONOMIC DEVELOPMENT INC (EIN 825261787) - 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

2018

Legal Domicile

Principal Officer

SHAWN GRIFFIN

Phone

5187012715

Tax Period

2024-01-01 to 2024-12-31

NYS ECONOMIC DEVELOPMENT INC, founded in 2018, is a small nonprofit in the Community Improvement sector that reported $220K in total revenue in fiscal year 2024. The organization ran a surplus of $214K, a strong 97% operating margin.

Mission

NYS ECONOMIC DEVELOPMENT INC. DBA ECONOMIC DEVELOPMENT PARTNERS & EDPI WAS FORMED TO PROVIDE ECONOMIC DEVELOPMENT COUNSELING AND FINANCIAL ASSISTANCE IN THE FORM OF (I) SALES AND MORTGAGE TAX EXEMPTIONS TO INDUCE ECONOMIC DEVELOPMENT PROJECTS WITHIN NEW YORK STATE AND (II) TAX-EXEMPT FINANCING TO INDUCE ECONOMIC DEVELOPMENT PROJECTS NATIONWIDE.

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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 $0

Program Service Revenue $220,000

Investment Income $0

Other Revenue $0

TOTAL REVENUE $220,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $6,255

TOTAL EXPENSES $6,255

Year-over-Year Comparison

	2024	2023	Change
Revenue	$220,000	N/A	N/A
Expenses	$6,255	N/A	N/A
Net Income	$213,745	N/A	N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GLENN COOKE	CHAIRMAN	0.50	Officer Director	$0	$0	$0
ED SHEERAN	VICE-CHAIRMAN	0.50	Officer Director	$0	$0	$0
JULIE MARSHALL	SECRETARY	0.50	Officer Director	$0	$0	$0
JUDY SEIL	TREASURER	0.50	Officer Director	$0	$0	$0
ROBERT RYAN	VICE PRESIDENT/DIRECTOR	0.50	Officer Director	$0	$0	$0
SHAWN GRIFFIN	PRESIDENT	0.50	Officer	$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	$220,000	$6,255	$213,745	$213,745

NYS ECONOMIC DEVELOPMENT INC