SARANAC LAKE ROTARY FOUNDATION 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

2000

Legal Domicile

Principal Officer

KEVIN J LAPLANTE

Phone

5185242579

Tax Period

2024-07-01 to 2025-06-30

SARANAC LAKE ROTARY FOUNDATION INC, founded in 2000, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $520K in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

TO ACQUIRE AND PROVIDE RESOURCES TO LOCAL CHARITABLE ORGANIZATIONS AND MUNICIPALITIES FOR CHARITABLE WORK, EDUCATIONAL PROJECTS AND PUBLIC IMPROVEMENTS.

Program Service Accomplishments

Program 1

Expenses: $289,422 Revenue: $283,422

ESSEX FOOD HUB: THIS ORGANIZATION IS COMMITTED TO STRENGTHENING THE ADIRONDACK FOOD SYSTEM AND SUPPORTS REGIONAL FARMERS, PRODUCERS AND ORGANIZATIONS BY FACILITATING THE PRODUCTION, PROCESSING AND...

ESSEX FOOD HUB: THIS ORGANIZATION IS COMMITTED TO STRENGTHENING THE ADIRONDACK FOOD SYSTEM AND SUPPORTS REGIONAL FARMERS, PRODUCERS AND ORGANIZATIONS BY FACILITATING THE PRODUCTION, PROCESSING AND DISTRIBUTION OF THE HIGHEST QUALITY FOOD PRODUCTS. THEREBY SERVING AS A CRITICAL MISSING LINK IN ADDRESSING THE LOGISTICAL AND MARKET ACCESS CHALLENGES THAT OUR AREA'S FARMERS FACE.

Program 2

Expenses: $179,636 Revenue: $175,978

ALL OTHER 25 PROGRAMS.

Program 3

Expenses: $38,324 Revenue: $16,607

NORTH COUNTRY NEW YEARS: THIS UNINCORPORATED GROUP OF INDIVIDUALS PLAN AND EXECUTE A SUBSTANCE FREE NEW YEAR EVE EXPERIENCE FOR SARANAC LAKE, SURROUNDING COMMUNITIES, AND VISITORS FROM ALL OVER...

NORTH COUNTRY NEW YEARS: THIS UNINCORPORATED GROUP OF INDIVIDUALS PLAN AND EXECUTE A SUBSTANCE FREE NEW YEAR EVE EXPERIENCE FOR SARANAC LAKE, SURROUNDING COMMUNITIES, AND VISITORS FROM ALL OVER, WELCOMING LOCAL AND OUT OF TOWN PERFORMERS AS WELL AS UTILIZING THE RESOURCES WE HAVE IN THE COMMUNITY TO CREATE A MULTI-VENUE CROSS COMMUNITY EXPERIENCE FOR ALL AGES.

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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 $502,621

Program Service Revenue $0

Investment Income $7,349

Other Revenue $10,171

TOTAL REVENUE $520,141

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $536,871

Other Expenses $543,181

TOTAL EXPENSES $543,181

Year-over-Year Comparison

	2024	2023	Change
Revenue	$520,141	$477,241	+0.1%
Expenses	$543,181	$445,993	+0.2%
Net Income	$-23,040	$31,248	-1.7%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DIANE ROBERTS	President	2.00	Officer Director	$0	$0	$0
JOHN BANTA	Vice President	2.00	Officer Director	$0	$0	$0
JULIE CONNORS	Secretary	2.00	Officer Director	$0	$0	$0
KEVIN LAPLANTE	Treasurer	8.00	Officer Director	$0	$0	$0
BETH PHILLIPS	Director	1.00	Director	$0	$0	$0
JUDY STEINBERG	Director	1.00	Director	$0	$0	$0
FRANNY PRESTON	Director	1.00	Director	$0	$0	$0
MITCHEL SMITH	Director	1.00	Director	$0	$0	$0
WILLIE SHERIDAN	Director	1.00	Director	$0	$0	$0
BRAD VARNER	Director	1.00	Director	$0	$0	$0
JENN GRISI	Director	1.00	Director	$0	$0	$0
DIANE ROBERTS	Director	1.00	Director	$0	$0	$0
JASEN LAWRENCE	Director	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
2025	$520,141	$543,181	$309,622	$-23,040
2024	$477,241	$445,993	$332,662	$31,248
2023	$357,957	$365,773	$301,414	$-7,816
2022	$211,315	$145,316	$309,230	$65,999
2021	$179,278	$130,051	$243,231	$49,227
2020	$321,033	$310,305	$193,003	$10,728
2019	$139,967	$112,885	$182,276	$27,082
2018	$167,146	$128,144	$155,194	$39,002