BINGHAMTON, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)CANNABIS ASSOCIATION OF NEW YORK, founded in 2019, is a small nonprofit that reported $316K in total revenue in fiscal year 2023. Revenue fell 31% from the prior year — a significant decline worth monitoring. Expenses of $425K exceeded revenue, resulting in a 35% operating deficit.
THE CORPORATION (CANY) OPERATES AS A TRADE ASSOCIATION COMPRISED OF MEMBERS WHO ARE NEW YORK LICENSED GROWERS, PROCESSORS AND OTHER BUSINESSES ENGAGED IN THE CANNABIS INDUSTRY IN NEW YORK STATE. CANY DEVELOPS PROGRAMS AND SERVICES THAT: (I) REPRESENT THE INTERESTS OF ITS MEMBERS IN GOVERNMENTAL AFFAIRS. (II) IMPROVE THE EDUCATION AND PROFESSIONAL ABILITIES OF ITS MEMBERS. (III) FOSTER HIGH STANDARDS OF ETHICAL BUSINESS CONDUCT AMONG ITS MEMBERS. (IV) INCREASE PUBLIC KNOWLEDGE AND VALUE OF RESPONSIBLE CANNABIS FARMING, PROCESSING AND MANUFACTURING PRACTICES
THE ASSOCIATION ENGAGES DIRECTLY WITH REPRESENTATIVES AT THE COUNTY, STATE, AND FEDERAL LEVELS IN EDUCATION AND ADVOCACY CAMPAIGNS INVOLVING CANNABIS. THE ASSOCIATION SEEKS TO KEEP GOVERNMENT...
THE ASSOCIATION ENGAGES DIRECTLY WITH REPRESENTATIVES AT THE COUNTY, STATE, AND FEDERAL LEVELS IN EDUCATION AND ADVOCACY CAMPAIGNS INVOLVING CANNABIS. THE ASSOCIATION SEEKS TO KEEP GOVERNMENT OFFICIALS INFORMED ABOUT ISSUES FACING CANNABIS FARMERS AND PROCESSORS.
THE ASSOCIATION ENGAGES ITS MEMBERS IN EDUCATIONAL ACTIVITIES INVOLVING CANNABIS. CANY ACTS AS A CLEARINGHOUSE FOR INDUSTRY INFORMATION ON SAFE AND EFFICIENT PRACTICES.
THE ASSOCIATION CONDUCTS PUBLIC OUTREACH TO ADDRESS MISCONCEPTIONS ABOUT CANNABIS CULTIVATION, PROCESSING, AND RETAIL. THE BOARD PARTICIPATES IN PUBLIC SPEAKING EVENTS WHERE IT MAKES ITSELF AVAILABLE...
THE ASSOCIATION CONDUCTS PUBLIC OUTREACH TO ADDRESS MISCONCEPTIONS ABOUT CANNABIS CULTIVATION, PROCESSING, AND RETAIL. THE BOARD PARTICIPATES IN PUBLIC SPEAKING EVENTS WHERE IT MAKES ITSELF AVAILABLE TO ANSWER QUESTIONS AND DISPEL MISUNDERSTANDINGS ABOUT THE CANNABIS INDUSTRY.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $315,540 | $457,461 | -0.3% |
| Expenses | $425,216 | $363,483 | +0.2% |
| Net Income | $-109,676 | $93,978 | -2.2% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| BRITTANY CARBONE | TRUSTEE | 25.00 |
Director
|
$0 | $0 | $0 |
| DAN DOLGIN | TRUSTEE | 5.00 |
Director
|
$0 | $0 | $0 |
| FRANKLIN HENDERSON | TRUSTEE | 5.00 |
Director
|
$0 | $0 | $0 |
| DAMIEN CORNWELL | TRUSTEE | 15.00 |
Director
|
$0 | $0 | $0 |
| ALLAN GANDELMAN | PRESIDENT | 25.00 |
Officer
|
$0 | $0 | $0 |
| ANDREW ROSNER | VICE PRESIDENT | 25.00 |
Officer
|
$0 | $0 | $0 |
| OWEN MARTINETTI | TREASURER | 5.00 |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $315,540 | $425,216 | $10,714 | $-109,676 |
| 2022 | $457,461 | $363,483 | $159,228 | $93,978 |
Compare CANNABIS ASSOCIATION OF NEW YORK with other nonprofits in New York and across the country.