SHERBURNE AREA LOCAL DEVELOPMENT CORPORATION (EIN 900348340) - 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

2008

Legal Domicile

Principal Officer

WILLIAM ACEE

Phone

6076742300

Tax Period

2025-01-01 to 2025-12-31

SHERBURNE AREA LOCAL DEVELOPMENT CORPORATION, founded in 2008, is a community nonprofit in the Education sector that reported $1.2M in total revenue in fiscal year 2025. Revenue surged 2520% from the prior year, signaling strong growth momentum.

Mission

THE ORGANIZATION WAS FORMED AS A DIRECT SUPPORTING ORGANIZATION OF THE VILLAGE OF SHERBURNE, NEW YORK. ITS GOAL IS TO RELIEVE AND REDUCE UNEMPLOYMENT BY PROMOTING AND PROVIDING JOB OPPORTUNITIES IN THE VILLAGE AND SURROUNDING COMMUNITIES.

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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 (2025)

Revenue Breakdown

Contributions & Grants $1,229,981

Program Service Revenue $0

Investment Income $4,600

Other Revenue $-5,157

TOTAL REVENUE $1,229,424

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,236,988

Other Expenses $1,236,988

TOTAL EXPENSES $1,236,988

Year-over-Year Comparison

	2025	2024	Change
Revenue	$1,229,424	$46,932	+25.2%
Expenses	$1,236,988	N/A	N/A
Net Income	$-7,564	$46,932	-1.2%

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

Employees

N/A

Volunteers

N/A

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

$341,241

Total Directors

$19,200

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM ACEE	PRESIDENT	5.00	Officer Director	$0	$0	$12,000
CHRISTOPHER TOMASELLI	SECRETARY	2.00	Officer Director	$0	$0	$3,600
MICHAEL JANITZ	DIRECTOR	2.00	Director	$0	$0	$3,600
TRAVIS DUBOIS	CEO	2.00	Officer	$0	$55,116	$209,110
KEITH VAN ALTHUIS	TREASURER/CFO	2.00	Officer	$0	$34,371	$116,531

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	$1,229,424	$1,236,988	$2,137,913	$-7,564
2024	No data	No data	No data	No data
2023	$14,098	No data	$2,089,247	No data
2022	$10,515	No data	$2,070,500	No data
2021	$344,343	No data	$2,055,336	No data
2020	$156,573	No data	$2,100,225	No data
2019	$156,436	No data	$2,147,204	No data
2018	$156,611	No data	$2,193,978	No data

SHERBURNE AREA LOCAL DEVELOPMENT CORPORATION