COLLEGE CENTER OF THE FINGER LAKES

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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

1961

Legal Domicile

Principal Officer

KURT FISCHER

Phone

6079623134

Tax Period

2018-07-01 to 2019-06-30

COLLEGE CENTER OF THE FINGER LAKES, founded in 1961, is a community nonprofit that reported $1.7M in total revenue in fiscal year 2018. Revenue fell 47% from the prior year — a significant decline worth monitoring. Expenses of $1.5M left a modest 9% surplus.

Mission

NONE

Program Service Accomplishments

Program 1

Expenses: $1,215,403 Revenue: $1,337,148

WORKSHOP PROGRAMS - COORDINATION AND ADMINISTRATION OF VARIOUS NON-CREDIT PROGRAMS OPEN TO THE GENERAL PUBLIC

Program 2

Expenses: $24,075 Revenue: $24,477

BUSINESS DEVELOPMENT PROGRAM - ADMINISTRATION OF PROGRAM

Program 3

Expenses: $59,966 Revenue: $67,028

EDUCATION AND TRAINING SEARCH - ADMINISTRATION OF PROGRAM TO SEARCH FOR EDUCATIONAL AND TRAINING PROGRAMS FOR REGISTRANTS

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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 (2018)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,497,388

Investment Income $155,776

Other Revenue $0

TOTAL REVENUE $1,653,164

Expense Breakdown

Grants Paid $0

Salaries & Benefits $190,699

Fundraising Expenses $0

Program Expenses $1,322,410

Other Expenses $1,321,356

TOTAL EXPENSES $1,512,055

Year-over-Year Comparison

	2018	2017	Change
Revenue	$1,653,164	$3,127,847	-0.5%
Expenses	$1,512,055	$3,291,076	-0.5%
Net Income	$141,109	$-163,229	-1.9%

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

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
KURT FISCHER	CHAIRMAN	1.00	Officer Director	$0	$0	$0
DON MCCABE	DIRECTOR	1.00	Director	$0	$0	$0
JIM CHAMBERS	DIRECTOR	1.00	Director	$0	$0	$0
GARRY DEROSE	FORMER EXECUTIVE DIRECTOR	60.00		$203,007	$16,036	$219,043

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
2019	$1,653,164	$1,512,055	$194,697	$141,109
2018	$3,127,847	$3,291,076	$1,171,838	$-163,229