CONCORDIA MINISTRIES OF NEW YORK INC (EIN 863586342) - Form 990 Financial Analysis & Trantor Score

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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

2021

Legal Domicile

Principal Officer

Keith Frndak CEO

Phone

7243521571

Tax Period

2025-01-01 to 2025-06-30

CONCORDIA MINISTRIES OF NEW YORK INC, founded in 2021, is a micro nonprofit in the Religion sector that reported $90K in total revenue in fiscal year 2024. Revenue fell 34% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $85K, a strong 95% operating margin.

Mission

Concordia Ministries of New York offers youth recreation services, faith-based growth, and evangelism opportunities at Pioneer on the Lake, a premier camp and retreat center in Angola, NY.

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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 $116,928

Program Service Revenue $0

Investment Income $0

Other Revenue $-27,222

TOTAL REVENUE $89,706

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,548

Other Expenses $4,853

TOTAL EXPENSES $4,853

Year-over-Year Comparison

	2024	2023	Change
Revenue	$89,706	$135,080	-0.3%
Expenses	$4,853	$29,437	-0.8%
Net Income	$84,853	$105,643	-0.2%

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

N/A

Employees

N/A

Volunteers

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

$1,081,959

Total Directors

$1,081,959

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Keith Frndak-See Schedule O	Chief Executive Officer	1	Officer Director	$0	$37,218	$723,273
Michael Falbo-See Schedule O	Chief Financial Officer	1	Officer Director	$0	$33,072	$358,686

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	$89,706	$4,853	$1,553,393	$84,853
2024	$135,080	$29,437	$1,580,262	$105,643

CONCORDIA MINISTRIES OF NEW YORK INC