SCHOHARIE ECONOMIC ENTERPRISE CORPORATION

EIN: 833511645 501(c)(3) Food, Agriculture & Nutrition

SCHOHARIE, NY

Total Revenue
$496,573
Total Expenses
$424,860
Total Assets
$1,266,957
Net Assets
$1,230,477
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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
2019
Legal Domicile
NY
Principal Officer
THOMAS O PUTNAM
Phone
5185171700
Tax Period
2023-01-01 to 2023-12-31

SCHOHARIE ECONOMIC ENTERPRISE CORPORATION, founded in 2019, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $497K in total revenue in fiscal year 2023. Revenue surged 30% from the prior year, signaling strong growth momentum. Expenses of $425K left a modest 14% surplus.

Mission

The Schoharie Economic Enterprise Corporation (SEEC), formed in 2019, is a not-for-profit organization dedicated to economic development in Schoharie County by promoting, fostering and encouraging the development of business enterprises to combat declines in the regions workforce, overall population, and median household income. SEEC is supported by donations from various corporations, business leaders, and individuals.

Program Service Accomplishments

Program 1
Expenses: $138,019

Business retention and expansion (BR&E) - BR&E is programming intended to help focus the energies of community stakeholders on the economic assets that already exist in the County, making businesses...

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Business retention and expansion (BR&E) - BR&E is programming intended to help focus the energies of community stakeholders on the economic assets that already exist in the County, making businesses stronger and more resilient over time. SEEC is identifying, designing, and implementing strategies that can help strengthen existing businesses and industries through its BR&E efforts.

Program 2
Expenses: $127,234

Forums - SEEC Prosperity Forums are cohosted by strategic alliances to cultivate common ground, generate creativity, discuss possibilities, find solutions, and mobilize investment in Schoharie...

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Forums - SEEC Prosperity Forums are cohosted by strategic alliances to cultivate common ground, generate creativity, discuss possibilities, find solutions, and mobilize investment in Schoharie County. SEEC hosts a series of Forums annually to advance economic and community vitality.

Program 3
Expenses: $86,033

Grant support - SEEC is focused on securing more capital resources to advance local economic and community development priorities. SEEC will work with businesses and municipal partners to identify...

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Grant support - SEEC is focused on securing more capital resources to advance local economic and community development priorities. SEEC will work with businesses and municipal partners to identify, apply, and administer federal, state and local grants that may directly result in job creation and capital investment. SEEC is prequalified at the state and federal level as an approved grant administrator.

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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 (2023)

Revenue Breakdown

Contributions & Grants $360,020
Program Service Revenue $0
Investment Income $67,838
Other Revenue $68,715
TOTAL REVENUE $496,573

Expense Breakdown

Grants Paid $0
Salaries & Benefits $249,821
Fundraising Expenses $0
Program Expenses $351,286
Other Expenses $175,039
TOTAL EXPENSES $424,860

Year-over-Year Comparison

2023 2022 Change
Revenue $496,573 $383,196 +0.3%
Expenses $424,860 $469,597 -0.1%
Net Income $71,713 $-86,401 -1.8%
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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Governance

Voting Members
5
Independent Members
5
Employees
5
Volunteers
47

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
$107,434
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JULIE PACATTE Executive Dir. 40.00
Officer
$97,576 $9,858 $107,434
THOMAS O PUTNAM EXECUTIVE CHAIR 1.00
Officer Director
$0 $0 $0
ERIC H STEIN Treasurer 1.00
Officer Director
$0 $0 $0
PETER J JOHNSON Secretary 1.00
Officer Director
$0 $0 $0
JAMES R BECKER Board Director 1.00
Director
$0 $0 $0
STEPHEN A HARRIS Board Director 1.00
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
2024 No data No data No data No data
2023 $496,573 $424,860 $1,266,957 $71,713
2023 $496,573 $424,860 $1,266,957 $71,713
2022 $383,196 $469,597 $1,414,497 $-86,401
2021 $645,519 $315,033 $1,282,462 $330,486
2020 $552,931 $304,548 $938,788 $248,383
2019 $709,192 $42,896 $668,133 $666,296
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