BALLSTON AREA RECREATION COMMISSION

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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

Principal Officer

NORA BISNETT

Phone

5188851634

Tax Period

2024-01-01 to 2024-12-31

BALLSTON AREA RECREATION COMMISSION, founded in 2019, is a small nonprofit in the Recreation & Sports sector that reported $250K in total revenue in fiscal year 2024.

Mission

TO PROVIDE LOW-COST EDUCATIONAL AND RECREATIONAL PROGRAMS TO STUDENTS AND FAMILIES IN THE BALLSTON SPA SCHOOL DISTRICT AND SURROUNDING AREAS.

Program Service Accomplishments

Program 1

Expenses: $216,917 Revenue: $103,151

BALLSTON AREA RECREATION COMMISSION PROVIDED AN ARRAY OF RECREATIONAL PROGRAMS, THEATRE, ARTS AND ENRICHMENT PROGRAMS TO AREA STUDENTS AND FAMILIES, WHILE ASSISTING SIMILAR ORGANIZATIONS IN THE AREA...

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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 $146,533

Program Service Revenue $103,151

Investment Income $46

Other Revenue $0

TOTAL REVENUE $249,730

Expense Breakdown

Grants Paid $0

Salaries & Benefits $166,167

Fundraising Expenses $0

Program Expenses $216,917

Other Expenses $95,907

TOTAL EXPENSES $262,074

Year-over-Year Comparison

	2024	2023	Change
Revenue	$249,730	$244,068	+0.0%
Expenses	$262,074	$236,944	+0.1%
Net Income	$-12,344	$7,124	-2.7%

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

Volunteers

125

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

$83,958

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NORA BISNETT	EXECUTIVE DI	40.00	Officer	$83,958	$0	$83,958
HOLLY BARKER-FLYNN	DIRECTOR	3.00	Director	$0	$0	$0
MEGAN FARRAR	DIRECTOR	3.00	Director	$0	$0	$0
MAEGAN FRANTZ	DIRECTOR	3.00	Director	$0	$0	$0
ED GHARZONUZI	DIRECTOR	3.00	Director	$0	$0	$0
JIM HAYES	DIRECTOR	3.00	Director	$0	$0	$0
ANGELA IACOLUCCI	DIRECOTR	3.00	Director	$0	$0	$0
PAT KELLY	DIRECTOR	3.00	Director	$0	$0	$0
NICOLE LICHVA	DIRECTOR	3.00	Director	$0	$0	$0
MEGHAN MENSLER	DIRECTOR	3.00	Director	$0	$0	$0
GARRY PREECE	DIRECTOR	3.00	Director	$0	$0	$0
STACEY SULLIVAN	DIRECOTR	3.00	Director	$0	$0	$0
SUE WATERS	DIRECTOR	3.00	Director	$0	$0	$0
NANCY FODERA	SECRETARY	3.00	Officer	$0	$0	$0
JOEL GLASTETTER	TREASURER	6.00	Officer	$0	$0	$0
TOM SLOCUM	CHAIRMAN	3.00	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
2025	No data	No data	No data	No data
2024	$249,730	$262,074	$53,215	$-12,344
2023	$244,068	$236,944	$90,393	$7,124
2022	$213,042	$218,473	$54,353	$-5,431
2021	$245,122	$211,079	$60,498	$34,043