THE HOME ASSOCIATION OF ITHACA NY INC

EIN: 150612481

ITHACA, NY

Total Revenue
$46,450
Total Expenses
$33,199
Total Assets
$480,587
Net Assets
$480,587
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1923
Legal Domicile
NY
Principal Officer
WILLIAM BROOKS
Phone
6073398509
Tax Period
2024-07-01 to 2025-06-30

THE HOME ASSOCIATION OF ITHACA NY INC, founded in 1923, is a micro nonprofit that reported $46K in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. The organization ran a surplus of $13K, a strong 29% operating margin.

Mission

TO PROMOTE FRATERNAL, CHARITABLE, CIVIC AND SOCIAL PURSUITS, AID AND ASSISTANCE TO MEMBERS AND FAMILY THROUGH SUPPORT TO ITHACA COUNCIL 277 THE KNIGHTS OF COLUMBUS.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $19,373
Other Revenue $27,077
TOTAL REVENUE $46,450

Expense Breakdown

Grants Paid $27,000
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $6,199
TOTAL EXPENSES $33,199

Year-over-Year Comparison

2024 2023 Change
Revenue $46,450 $50,488 -0.1%
Expenses $33,199 $33,152 +0.0%
Net Income $13,251 $17,336 -0.2%
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

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Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
6

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
3
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TRISTAN THORNTON PRESIDENT 0.10
Officer Director
$0 $0 $0
FRANK SMITH VICE PRESIDENT 0.10
Officer Director
$0 $0 $0
WILLIAM BROOKS TREASURER 0.10
Officer Director
$0 $0 $0
MICHAEL BARRY BOARD MEMBER 0.10
Director
$0 $0 $0
KEVIN COWAN BOARD MEMBER 0.10
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 $46,450 $33,199 $480,587 $13,251
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