ALBANY, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)ADVANCE ALBANY COUNTY ALLIANCE LOCAL DEVELOPMENT CORPORATION, founded in 2020, is a community nonprofit in the Employment sector that reported $2.7M in total revenue in fiscal year 2024. Revenue surged 140% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.1M, a strong 43% operating margin.
THE EXEMPT PURPOSE FOR WHICH THE CORPORATION IS FORMED IS TO RELIEVE AND REDUCE UNEMPLOYMENT IN ALBANY COUNTY, PROMOTE AND PROVIDE FOR ADDITIONAL AND MAXIMUM ADULT EMPLOYMENT IN THE COUNTY BETTER AND MAINTAIN ADULT JOB OPPORTUNITIES IN THE COUNTY, CARRY ON SCIENTIFIC RESEARCH FOR THE PURPOSE OF AIDING THE COUNTY BY ATTRACTING NEW INDUSTRY OR BY ENCOURAGING THE DEVELOPMENT OR RETENTION OF INDUSTRY IN THE COUNTY, LESSEN THE BURDENS OF GOVERNMENT AND ACT IN THE PUBLIC INTEREST.
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 | $2,660,827 | $1,109,856 | +1.4% |
| Expenses | $1,524,281 | $899,296 | +0.7% |
| Net Income | $1,136,546 | $210,560 | +4.4% |
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 |
|---|---|---|---|---|---|---|
| ALAN GOLDBERG | CHAIRMAN | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| ALAN ALEXANDER | TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| JOANNE CUNNINGHAM | EX-OFFICIO | 1.00 |
Director
|
$0 | $0 | $0 |
| DAN MCCOY | EX-OFFICIO | 1.00 |
Director
|
$0 | $0 | $0 |
| MICHAEL CINQUANTI | MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| HELEN BROOKS | MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| RICHARD ROSEN | OFFICER | 1.00 |
Director
|
$0 | $0 | $0 |
| MICHAEL CASSIDY | MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| LAURA ZELLGER | MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| KEVIN O'CONNOR | CEO | 1.00 |
Officer
|
$54,389 | $3,064 | $57,453 |
| KEVIN CATALANO | SR VICE PRESIDENT / DIR. C | 37.50 |
Officer
|
$115,052 | $37,328 | $152,380 |
| AMY THOMPSON | CFO | 37.50 |
Officer
|
$101,921 | $24,055 | $125,976 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $2,660,827 | $1,524,281 | $6,115,682 | $1,136,546 |
| 2023 | $1,109,856 | $899,296 | $1,169,618 | $210,560 |
| 2022 | $731,609 | $474,314 | $1,041,855 | $257,295 |
| 2021 | $121,976 | $770,949 | $361,341 | $-648,973 |
| 2020 | $1,000,000 | No data | $1,000,000 | No data |
Compare ADVANCE ALBANY COUNTY ALLIANCE LOCAL DEVELOPMENT CORPORATION with other nonprofits in New York and across the country.