EMPIRE AI CONSORTIUM INC

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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

2024

Legal Domicile

Principal Officer

THOMAS SECUNDA

Phone

2124074039

Tax Period

2024-07-01 to 2025-06-30

EMPIRE AI CONSORTIUM INC, founded in 2024, is a mid-sized nonprofit in the Science & Technology sector that reported $10.0M in total revenue in fiscal year 2024. The organization ran a surplus of $9.4M, a strong 94% operating margin.

Mission

EMPIRE AI EMPOWERS NEW YORK'S LEADING COLLEGES AND UNIVERSITIES WITH ACCESS TO WORLD-CLASS, HIGH-PERFORMANCE COMPUTING RESOURCES FOR RESPONSIBLE ARTIFICIAL INTELLIGENCE RESEARCH AND DEVELOPMENT.

Program Service Accomplishments

Program 1

Expenses: $335,084 Revenue: $10,000,000

EMPIRE AI FOCUSED ON ESTABLISHING FOUNDATIONAL INFRASTRUCTURE AND GOVERNANCE FOR A MULTI-INSTITUTIONAL AI RESEARCH CONSORTIUM. KEY ACTIVITIES INCLUDED THE DEVELOPMENT OF HIGH-PERFORMANCE COMPUTING...

EMPIRE AI FOCUSED ON ESTABLISHING FOUNDATIONAL INFRASTRUCTURE AND GOVERNANCE FOR A MULTI-INSTITUTIONAL AI RESEARCH CONSORTIUM. KEY ACTIVITIES INCLUDED THE DEVELOPMENT OF HIGH-PERFORMANCE COMPUTING (HPC) INFRASTRUCTURE TO SUPPORT AI WORKLOADS, ONBOARDING OF MEMBER INSTITUTIONS INTO THE CONSORTIUM FRAMEWORK, EXECUTION OF AGREEMENTS AND PARTNERSHIPS WITH PARTICIPATING UNIVERSITIES AND PROCUREMENT AND DEPLOYMENT PLANNING OF SPECIALIZED COMPUTING EQUIPMENT. IN PARALLEL, THIS PERIOD MARKED THE BEGINNING OF EMPIRE AI'S OPERATIONAL AND TECHNICAL BUILD OUT. THE ORGANIZATION INITIATED THE DEVELOPMENT OF ITS INTERNAL TECHNICAL CAPACITY AND ADVANCED THE DEPLOYMENT OF ITS COMPUTING ENVIRONMENTS, INCLUDING THE INTEGRATION AND VALIDATION OF THE ALPHA SYSTEM. THIS TIMEFRAME SAW MORE THAN 250 RESEARCHERS GRANTED ACCESS TO THE ALPHA SYSTEM, AS WELL AS THE PLANNING AND IMPLEMENTATION OF THE BETA SYSTEM, WHICH WILL SIGNIFICANTLY EXPAND COMPUTE CAPABILITIES FOR CONSORTIUM MEMBERS.

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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 $0

Program Service Revenue $10,000,000

Investment Income $0

Other Revenue $0

TOTAL REVENUE $10,000,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $335,084

Other Expenses $649,467

TOTAL EXPENSES $649,467

Year-over-Year Comparison

	2024	2023	Change
Revenue	$10,000,000	N/A	N/A
Expenses	$649,467	N/A	N/A
Net Income	$9,350,533	N/A	N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS SECUNDA	CHAIR	2.00	Officer Director	$0	$0	$0
JOSHUA BRUMBERG	TREASURER	2.00	Officer Director	$0	$0	$0
KRYSTYN VAN VLIET	SECRETARY	2.00	Officer Director	$0	$0	$0
STACIE BLOOM	DIRECTOR	1.00	Director	$0	$0	$0
STEPHEN DEWBURST	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH FINE	DIRECTOR	1.00	Director	$0	$0	$0
VENUGOPAL GOVINDARAJU	DIRECTOR	1.00	Director	$0	$0	$0
DOUGLAS GROSE	DIRECTOR	1.00	Director	$0	$0	$0
KIM HAZELWOOD	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT HULL	DIRECTOR	1.00	Director	$0	$0	$0
HOWARD MORGAN	DIRECTOR	1.00	Director	$0	$0	$0
GIRISH NADKARNI	DIRECTOR	1.00	Director	$0	$0	$0
MELUR K RAMASUBRAMANIAN	DIRECTOR	1.00	Director	$0	$0	$0
JEANNETTE WING	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT J HARRISON	INTERIM EXECUTIVE DIRECTOR	40.00	Officer	$0	$0	$0

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	$10,000,000	$649,467	$29,214,514	$9,350,533