ITHACARE CENTER SERVICE COMPANY 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

1974

Legal Domicile

Principal Officer

CHERYL JEWELL

Phone

6073756300

Tax Period

2024-01-01 to 2024-12-31

ITHACARE CENTER SERVICE COMPANY INC, founded in 1974, is a community nonprofit in the Human Services sector that reported $7.8M in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion.

Mission

TO DEVELOP AND OPERATE RESIDENTIAL LIVING COMMUNITIES TO PROVIDE OLDER ADULTS WITH AFFORDABLE HIGH QUALITY HOUSING, SERVICES AND CONTINUING CARE OPTIONS THAT ENHANCE QUALITY OF LIFE, INDEPENDENCE, HEALTH, SAFETY, SECURITY AND PERSONAL GROWTH WHILE PRESERVING INDIVIDUAL RIGHTS TO PRIVACY, DIGNITY AND RESPECT.

Program Service Accomplishments

Program 1

Expenses: $4,603,699 Revenue: $6,637,292

RESIDENT SERVICES - TO PROVIDE 24 HOUR CARE SERVICES, HOUSING AND HOUSEKEEPING SERVICES FOR ALL RESIDENTS.

Program 2

Expenses: $1,443,817 Revenue: $26,337

RESIDENT FOOD SERVICES - PROVIDE FOOD SERVICE TO THE RESIDENTS.

Program 3

Expenses: $310,062 Revenue: $44,640

RESIDENT ACTIVITIES SERVICE - TO PLAN FOR AND PROVIDE ACTIVITIES FOR ALL RESIDENTS - MOVIES, EXERCISE, LECTURES, CRAFTS, ETC.

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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 $42,454

Program Service Revenue $6,695,582

Investment Income $1,005,768

Other Revenue $12,687

TOTAL REVENUE $7,756,491

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,036,033

Fundraising Expenses $313,954

Program Expenses $6,361,642

Other Expenses $3,686,546

TOTAL EXPENSES $7,722,579

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,756,491	$6,759,658	+0.1%
Expenses	$7,722,579	$7,063,760	+0.1%
Net Income	$33,912	$-304,102	-1.1%

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

156

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

$131,102

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CATHERINE BLAKEMORE	PRESIDENT	1.00	Officer Director	$0	$0	$0
THOMAS COVELL	DIRECTOR	0.50	Director	$0	$0	$0
ELIZABETH BERGMAN	DIRECTOR	0.50	Director	$0	$0	$0
MARTIN CROSS	TREASURER	1.00	Officer Director	$0	$0	$0
JOANNA DIETL	DIRECTOR	0.50	Director	$0	$0	$0
PAUL ESHELMAN	DIRECTOR	0.50	Director	$0	$0	$0
BRADLEY GRAINGER	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
MARY BENTLEY	DIRECTOR	0.50	Director	$0	$0	$0
LILY STEVENS	DIRECTOR	0.50	Director	$0	$0	$0
KARL PILLEMER	DIRECTOR	0.50	Director	$0	$0	$0
ELLEN REDDER	SECRETARY	1.00	Officer Director	$0	$0	$0
JESSICA VALDEZ-TAVES	DIRECTOR	0.50	Director	$0	$0	$0
CHERYL JEWELL	EXECUTIVE DIRECTOR	45.00	Officer	$131,102	$0	$131,102

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	$7,756,491	$7,722,579	$25,955,154	$33,912
2023	$6,759,658	$7,063,760	$25,954,334	$-304,102
2022	$6,507,651	$7,069,076	$25,565,633	$-561,425
2021	$7,510,183	$7,169,694	$28,833,397	$340,489
2020	$7,548,834	$7,316,359	$28,532,004	$232,475
2019	$7,537,816	$7,042,620	$27,898,877	$495,196
2018	$7,089,957	$7,141,019	$26,474,850	$-51,062