Rotary Club of Corning (EIN 160701318) - 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

1921

Legal Domicile

Principal Officer

Jeffrey Ugoretz

Tax Period

2020-07-01 to 2021-06-30

Rotary Club of Corning, founded in 1921, is a micro nonprofit that reported $36K in total revenue in fiscal year 2020. Revenue fell 41% from the prior year — a significant decline worth monitoring.

Mission

To encourage and foster the ideal of service in the local 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 (2020)

Revenue Breakdown

Contributions & Grants $36,079

Program Service Revenue $0

Investment Income $9

Other Revenue $0

TOTAL REVENUE $36,088

Expense Breakdown

Grants Paid $20,727

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $20,727

Other Expenses $18,708

TOTAL EXPENSES $39,435

Year-over-Year Comparison

	2020	2019	Change
Revenue	$36,088	$61,330	-0.4%
Expenses	$39,435	$73,589	-0.5%
Net Income	$-3,347	$-12,259	-0.7%

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

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
Janice Harvey	Past President	3	Director	$0	$0	$0
Venu Venkata	Director	3	Director	$0	$0	$0
Buddy Cutler	Director	3	Director	$0	$0	$0
Dale Wexell	Director	3	Director	$0	$0	$0
Jenniffer Mullen	Director	3	Director	$0	$0	$0
Kelly Copp	Director	3	Director	$0	$0	$0
Paula Smith	President	5	Officer	$0	$0	$0
Jeff Ugoretz	President-elect	5	Officer	$0	$0	$0
Stuart Sammis	Vice-President	5	Officer	$0	$0	$0
Ernest Danforth	Secretary	5	Officer	$0	$0	$0
Robert Cole	Treasurer	5	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
2021	$36,088	$39,435	$69,796	$-3,347
2019	$73,163	$48,799	$85,552	$24,364

Rotary Club of Corning