HERKIMER, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)HERKIMER COUNTY LAND BANK, founded in 2024, is a small nonprofit in the Community Improvement sector that reported $348K in total revenue in fiscal year 2025. Revenue surged 411% from the prior year, signaling strong growth momentum. The organization ran a surplus of $71K, a strong 20% operating margin.
THE MISSION OF THE HERKIMER COUNTY LAND BANK CORPORATION IS TO ADDRESS VACANT, ABANDONED AND BLIGHTED PROPERTIES LOCATED WITHIN HERKIMER COUNTY. LOCAL GOVERNMENTS ALONE DO NOT HAVE SUFFICIENT RESOURCES OR TOOLS BY WHICH TO IDENTIFY, STABILIZE, REHABILITATE AND RESELL SUCH PROPERTIES, NOR TO UNDERTAKE THE PROCESS OF DECONSTRUCTION OR DEMOLITION OF THOSE BUILDINGS THAT ARE BEYOND REASONABLE REPAIR. THE LAND BANK WOULD ACT IN CONJUNCTION WITH LOCAL GOVERNMENTS, AND OTHER NOT-FOR-PROFIT GROUPS TO LEVERAGE ALL AVAILABLE RESOURCES TO REVITALIZE ALL HERKIMER COUNTY COMMUNITIES.
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)| 2025 | 2024 | Change | |
|---|---|---|---|
| Revenue | $348,069 | $68,104 | +4.1% |
| Expenses | $276,838 | $49,298 | +4.6% |
| Net Income | $71,231 | $18,806 | +2.8% |
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 |
|---|---|---|---|---|---|---|
| JAMES WALLACE | CHAIRMAN | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| PETER CAMPIONE | VICE CHAIRMAN | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| KIMBERLY ENEA | TREASURER | 8.00 |
Officer
Director
|
$0 | $0 | $0 |
| MARK FEANE | SECRETARY | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| RAYMOND DONLEY | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| CYNTHIA BENNETT | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| V JAMES BONO | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| MICHAEL EDWARDS | EXECUTIVE DIRECTOR | 40.00 |
Director
|
$70,718 | $0 | $70,718 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $348,069 | $276,838 | $247,437 | $71,231 |
Compare HERKIMER COUNTY LAND BANK with other nonprofits in New York and across the country.