THREE RIVERS DEVELOPMENT FOUNDATION

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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

1966

Legal Domicile

Principal Officer

KAMALA KEELEY

Phone

6073465545

Tax Period

2024-01-01 to 2024-12-31

THREE RIVERS DEVELOPMENT FOUNDATION, founded in 1966, is a small nonprofit that reported $300K in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year. The organization ran a surplus of $118K, a strong 39% operating margin.

Mission

TO HELP PROVIDE LOCAL HOUSING, TO PREPARE SOUND PLANNING PROGRAMS AND ENCOURAGE CITIZEN PARTICIPATION IN SUCH PLANS, AND TO WORK WITH LOCAL GOVERNMENTS IN IMPLEMENTING THESE PLANS.

Program Service Accomplishments

Program 1

Expenses: $179,164

TO MAINTAIN AND PROMOTE THE ECONOMIC VIABILITY OF THE SOUTHEAST STEUBEN COUNTY THROUGH BOARD AND STAFF SERVICE TO THE PUBLIC AND PRIVATE SECTORS IN THE FIELDS OF PLANNING, HOUSING, COMMERCIAL AND...

TO MAINTAIN AND PROMOTE THE ECONOMIC VIABILITY OF THE SOUTHEAST STEUBEN COUNTY THROUGH BOARD AND STAFF SERVICE TO THE PUBLIC AND PRIVATE SECTORS IN THE FIELDS OF PLANNING, HOUSING, COMMERCIAL AND INDUSTRIAL DEVELOPMENT, AND COMMUNITY RENEWAL.

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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 $299,600

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $299,600

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $179,164

Other Expenses $181,963

TOTAL EXPENSES $181,963

Year-over-Year Comparison

	2024	2023	Change
Revenue	$299,600	$343,530	-0.1%
Expenses	$181,963	$292,654	-0.4%
Net Income	$117,637	$50,876	+1.3%

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

$158,690

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KAMALA KEELEY	PRESIDENT	10.00	Officer	$0	$20,385	$158,690
FRED ARCURI	CHAIR OF THE BOARD	1.00	Officer Director	$0	$0	$0
MILLICENT RUFFIN	VICE CHAIR	1.00	Officer Director	$0	$0	$0
GEORGE WELCH SR	SECRETARY	1.00	Officer Director	$0	$0	$0
TOM PISANO	TREASURER	1.00	Officer Director	$0	$0	$0
SUSAN BULL	BOARD MEMBER	1.00	Director	$0	$0	$0
ANGELA HAWKEN	BOARD MEMBER	1.00	Director	$0	$0	$0
CHIP CUMMINGS	BOARD MEMBER	1.00	Director	$0	$0	$0
PETER DUGO	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMIE JOHNSON	BOARD MEMBER	1.00	Director	$0	$0	$0
JONATHAN LAWRENCE	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL MISHOOK	BOARD MEMBER	1.00	Director	$0	$0	$0
CARLY NORTON	BOARD MEMBER	1.00	Director	$0	$0	$0
EDMUND SABANEGH	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
2025	No data	No data	No data	No data
2024	$299,600	$181,963	$802,727	$117,637
2023	$343,530	$292,654	$685,090	$50,876
2022	$263,360	$213,343	$643,324	$50,017
2021	$210,500	$258,488	$584,197	$-47,988
2020	$336,685	$254,263	$634,685	$82,422
2019	$374,009	$373,838	$550,758	$171