THE BLAKE ANNEX (EIN 871007976) - 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

DAVID BARRON

Phone

5185455520

Tax Period

2024-07-01 to 2025-06-30

THE BLAKE ANNEX, founded in 2021, is a small nonprofit in the Community Improvement sector that reported $448K in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. Expenses of $914K exceeded revenue, resulting in a 104% operating deficit.

Mission

AN IMPACT-DRIVEN COWORKING COMMUNITY FOR CAPITAL REGION NON-PROFITS TO SHARE SERVICES AND COLLABORATE TO CREATE AND DEVELOP A UNIQUE COWORKING SPACE FOCUSED ON PROVIDING COWORKING SITES AS WELL AS EDUCATIONAL OPPORTUNITIES, ADVANCEMENT, AND SUPPORT FOR INDIVIDUALS AND COMPANIES IN THE NOT-FOR-PROFIT AND TAX-EXEMPT SECTORS TO STIMULATE COLLABORATIVE ECONOMIC DEVELOPMENT IN ECONOMICALLY DEPRESSED, HIGH-DENSITY, URBAN AREAS IN THE GREATER CAPITAL REGION OF THE STATE OF NEW YORK.

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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 $5,000

Program Service Revenue $442,594

Investment Income $0

Other Revenue $0

TOTAL REVENUE $447,594

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $913,839

Other Expenses $913,839

TOTAL EXPENSES $913,839

Year-over-Year Comparison

	2024	2023	Change
Revenue	$447,594	$486,438	-0.1%
Expenses	$913,839	$928,804	0.0%
Net Income	$-466,245	$-442,366	+0.1%

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

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

$344,934

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CARM BASILE	BOARD MEMBER	1.00	Director	$0	$0	$0
BRIAN SANO	BOARD CHAIR	1.00	Director	$0	$0	$0
SELICA GRANT	BOARD MEMBER	1.00	Director	$0	$0	$0
ERIC LACOPPOLA	TREASURER	1.00	Officer Director	$0	$0	$0
PETER GANNON	CEO	1.00	Officer	$0	$37,283	$249,200
DAVID BARRON	CFO	1.00	Officer	$0	$2,311	$95,734

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	$447,594	$913,839	$3,001,586	$-466,245
2024	No data	No data	No data	No data
2023	$579,653	$921,423	$3,913,184	$-341,770
2022	$276,798	$481,016	$313,165	$-204,218
2021	$376,200	$140,155	$236,045	$236,045

THE BLAKE ANNEX