HERKIMER, NY
4 risk indicators measuring financial stability and operational resilience
Sign in with your work email to view Tuckman-Chang indicators
Sign In — Free (10 views/day)HERKIMER 9 FOUNDATION INC, founded in 2020, is a small nonprofit in the Community Improvement sector that reported $216K in total revenue in fiscal year 2021. The organization ran a surplus of $158K, a strong 73% operating margin.
TO COMBAT COMMUNITY DETERIORATION IN THE VILLAGE OF HERKIMER, AND ITS SURROUNDS, BY SUPPORTING AND ADVANCING EFFORTS TO REVITALIZE THE AREA AS A CENTER OF ACTIVITY AND COMMERCIAL EXPANSION, TO SUPPORT THE PRESERVATION AND IMPROVEMENT OF EXISTING BUILDINGS AND STRUCTURES HAVING HISTORIC SIGNIFICANCE, AND TO SUPPORT THE CREATION OF NEW FACILITIES WITHIN THE BLIGHTED, DECAYED OR SUBSTANDARD AREAS OF THE VILLAGE OF HERKIMER, ALL OF WHICH WILL HELP TO LESSEN THE BURDENS OF GOVERNMENT AGENCIES INVOLVED WITH THESE REVITALIZATION EFFORTS
THE ORGANIZATION PLANS TO PROMOTE THE REDEVELOPMENT OF HISTORIC STRUCTURES SUCH AS THE QUACKENBUSH FACTORY, A STRUCTURE ONCE OWNED BY THE QUACKENBUSH COMPANY WHICH WAS RESPONSIBLE FOR INVENTING OR...
THE ORGANIZATION PLANS TO PROMOTE THE REDEVELOPMENT OF HISTORIC STRUCTURES SUCH AS THE QUACKENBUSH FACTORY, A STRUCTURE ONCE OWNED BY THE QUACKENBUSH COMPANY WHICH WAS RESPONSIBLE FOR INVENTING OR SIGNIFICANTLY CONTRIBUTING TO THE DEVELOPMENT OF NUMEROUS EARLY 20TH CENTURY INVENTIONS INCLUDING THE 22-CALIBER RIM FIRE RIFLE, VARIOUS AIR RIFLES AND PISTOLS AND AMMUNITION, BICYCLES, A FOOT-POWERED WOOD LATHE, DARTS, STAIR RAILS, THE EXTENSION LADDER, THE KALEIDOSCOPE AND COAT HANGERS. THE ORIGINAL QUACKENBUSH FACTORY STILL STANDS IN DOWNTOWN HERKIMER AND THE VISION IS FOR THIS BUILDING TO BE REHABILITATED AS A CULTURAL CENTER AND MUSEUM HONORING HERKIMER'S MANUFACTURING HISTORY AND ALSO HOUSE AN INVENTION AND INNOVATION CENTER FOR ASPIRING ENTREPRENEURS.
THE ORGANIZATION ALSO WISHES TO DRAW ATTENTION TO AND HONOR HERKIMER'S ROLE IN THE HISTORY OF AMERICAN BASKETBALL. MANY OF THE RULES WHICH GOVERN THE MODERN GAME ARE BELIEVED TO HAVE BEEN DEVELOPED...
THE ORGANIZATION ALSO WISHES TO DRAW ATTENTION TO AND HONOR HERKIMER'S ROLE IN THE HISTORY OF AMERICAN BASKETBALL. MANY OF THE RULES WHICH GOVERN THE MODERN GAME ARE BELIEVED TO HAVE BEEN DEVELOPED IN HERKIMER AND THE FIRST GAME UNDER THOSE RULES WAS PLAYED AT THE HERKIMER YMCA IN 1891. THE ORGANIZATION ENVISIONS THE DEVELOPMENT AND CONSTRUCTION OF A SPORTS VENUE IN THE VILLAGE OF HERKIMER THAT CAN PROVIDE A MUCH-NEEDED GATHERING SPACE FOR THE COMMUNITY WHILE ALSO HONORING THIS LOCAL HISTORIC ACHIEVEMENT. OTHER STRUCTURES IN THE AREA TO BE ADDRESSED IN THE REVITALIZATION PLAN INCLUDE THE HISTORIC HERKIMER COUNTY JAIL, THE OLD COUNTRY COURTHOUSE, A FEW CHURCHES, AND THE GOTHIC-STYLE MASONIC TEMPLE.
BY DEVELOPING A VISION AND IMPLEMENTING A PLAN TO REVITALIZE CERTAIN HISTORIC STRUCTURES AND DEVELOP NEW FACILITIES, THE ORGANIZATION SEEKS TO PROMOTE AND CREATE ECONOMIC AND TOURIST ACTIVITY FOR THE...
BY DEVELOPING A VISION AND IMPLEMENTING A PLAN TO REVITALIZE CERTAIN HISTORIC STRUCTURES AND DEVELOP NEW FACILITIES, THE ORGANIZATION SEEKS TO PROMOTE AND CREATE ECONOMIC AND TOURIST ACTIVITY FOR THE VILLAGE OF HERKIMER, ALL WITH THE INTENT OF RESTORING WHAT IS CURRENTLY A BLIGHTED, DECAYED AND DECREPIT AREA. THE ORGANIZATION WILL NOT UNDERTAKE ANY OF THE ACTUAL REHABILITATION OR NEW CONSTRUCTION ACTIVITIES THAT ARE PART OF THIS REVITALIZATION EFFORT. NOR WILL THE ORGANIZATION HAVE AN OWNERSHIP INTEREST IN OR MANAGEMENT ROLE IN ANY THIRD PARTIES THAT UNDERTAKEN THESE DEVELOPMENT ACTIVITIES OR THAT OPERATE THE NEW FACILITIES OR ANY OF THE BUSINESSES OCCUPYING THESE RENOVATED STRUCTURES.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
Sign in to view Trantor Score and financial metrics
Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2021 | 2020 | Change | |
|---|---|---|---|
| Revenue | $215,566 | N/A | N/A |
| Expenses | $57,789 | N/A | N/A |
| Net Income | $157,777 | $0 | N/A |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
Sign in to view all financial metrics
Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| SCOTT FLANSBURG | PRESIDENT | 10.00 |
Officer
Director
|
$0 | $0 | $0 |
| BRION CARROLL | VICE PRESIDENT | 10.00 |
Officer
Director
|
$0 | $0 | $0 |
| PHILIP BARUTH | MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| ROBERT BASLOE | MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| BRUCE BULL | MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| KEVIN CROSLEY | MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| CHIP HUMMEL | MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| MARY MORSE | TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| KATHY PENREE | MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| STEVE PONTE SR | MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| RICHARD RHYMESTINE | MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| RENEE SCIALDO-SHEVAT | MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2021 | $215,566 | $57,789 | $190,896 | $157,777 |
Compare HERKIMER 9 FOUNDATION INC with other nonprofits in New York and across the country.