CORNING CLASSIC CHARITIES INC (EIN 119904027) - 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

1968

Legal Domicile

Principal Officer

JOHN SIRIANNI

Phone

6079624441

Tax Period

2024-01-01 to 2024-12-31

CORNING CLASSIC CHARITIES INC, founded in 1968, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2024. The organization ran a surplus of $207K, a strong 18% operating margin.

Mission

THE WINEGLASS RACE SERIES EXECUTES ROAD RACES THAT PROVIDE AN EXCELLENT RUNNER EXPERIENCE, HIGHLIGHT THE REGION, AND GIVE BACK TO THE COMMUNITY.

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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 $23,021

Program Service Revenue $1,099,981

Investment Income $52,907

Other Revenue $0

TOTAL REVENUE $1,175,909

Expense Breakdown

Grants Paid $57,300

Salaries & Benefits $176,054

Fundraising Expenses $0

Program Expenses $725,938

Other Expenses $735,762

TOTAL EXPENSES $969,116

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,175,909	$1,092,940	+0.1%
Expenses	$969,116	$978,704	0.0%
Net Income	$206,793	$114,236	+0.8%

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

Volunteers

2500

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
CHRISTINE SHARKEY	PRESIDENT	4.00	Officer Director	$0	$0	$0
JOHN SIRIANNI	VP AND TREASURER	1.00	Officer Director	$0	$0	$0
COLEEN FABRIZI	SECRETARY	1.00	Officer Director	$0	$0	$0
KEVIN CORLISS	BOARD MEMBER	1.00	Director	$0	$0	$0
MILLICENT RUFFIN	BOARD MEMBER	1.00	Director	$0	$0	$0
MARIO SCARSELLETA	BOARD MEMBER	1.00	Director	$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
2024	$1,175,909	$969,116	$2,165,666	$206,793
2023	$1,092,940	$978,704	$1,959,819	$114,236
2022	$1,220,873	$1,173,924	$1,798,061	$46,949
2021	$1,310,142	$1,201,839	$1,684,186	$108,303
2020	$851,813	$814,418	$1,570,299	$37,395
2019	$1,623,648	$1,446,209	$1,586,074	$177,439
2018	$1,395,623	$1,226,305	$1,462,654	$169,318

CORNING CLASSIC CHARITIES INC