LATHAM, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)EXCELSIOR LOCAL DEVELOPMENT CORPORATION, founded in 2019, is a small nonprofit in the Community Improvement sector that reported $351K in total revenue in fiscal year 2024. Revenue fell 31% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $102K, a strong 29% operating margin.
TO ASSIST SMALL BUSINESSES IN THE ACQUISITION OF REAL PROPERTY, AND CONSTRUCTION, RENOVATION OR OTHER IMPROVEMENTS THEREON, AND THEREBY PROMOTE AND ENCOURAGE THE BUSINESS PROSPERITY AND ECONOMIC WELFARE OF THE STATE OF NEW YORK; TO ENCOURAGE AND ASSIST IN THE LOCATION OF NEW BUSINESS AND INDUSTRY IN THE STATE OF NEW YORK; AND TO PROVIDE FINANCING TO BOTH NEW AND EXISTING BUSINESSES AND INDUSTRY; AND TO CREATE AND RETAIN JOBS WITHIN THE STATE OF NEW YORK.
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)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $351,465 | $509,067 | -0.3% |
| Expenses | $249,660 | $334,893 | -0.3% |
| Net Income | $101,805 | $174,174 | -0.4% |
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 |
|---|---|---|---|---|---|---|
| PATRICK J MACKRELL | CHAIRMAN, PRESIDENT & CEO | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| CHRIS LEVY | VP & SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $462,308 |
| BRUCE W BOYEA | DIRECTOR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| JEFFREY LEVY | DIRECTOR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| OWEN BURNS | VP & TREASURER | 1.00 |
Officer
|
$0 | $0 | $305,039 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $351,465 | $249,660 | $3,669,467 | $101,805 |
| 2024 | $509,067 | $334,893 | $6,798,471 | $174,174 |
| 2023 | $1,282,544 | $622,035 | $3,554,505 | $660,509 |
| 2022 | $2,081,971 | $255,589 | $5,240,927 | $1,826,382 |
| 2021 | $1,105,630 | $471,039 | $11,704,713 | $634,591 |
| 2020 | $880,813 | $644,574 | $7,103,689 | $236,239 |
Compare EXCELSIOR LOCAL DEVELOPMENT CORPORATION with other nonprofits in New York and across the country.