COMMUNITY FOUNDATION OF ELMIRA-CORNING AND THE FINGER LAKES INC (EIN 161100837) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1977

Legal Domicile

Principal Officer

JUDITH ROWE

Phone

6077393900

Tax Period

2024-07-01 to 2025-06-30

COMMUNITY FOUNDATION OF ELMIRA-CORNING AND THE FINGER LAKES INC, founded in 1977, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $6.5M in total revenue in fiscal year 2024. Revenue fell 48% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $2.1M, a strong 33% operating margin.

Mission

TO HELP REALIZE THE POTENTIAL IN OUR COMMUNITY BY MATCHING THE GENEROSITY OF OUR DONORS WITH THE COMMUNITY'S GREATEST NEEDS. OUR GRANTS AND SCHOLARSHIPS SUPPORT THE PEOPLE OF CHEMUNG, SCHUYLER, STEUBEN AND YATES COUNTIES IN THE SOUTHERN TIER OF NEW YORK STATE.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $5,013,435

Program Service Revenue $12,868

Investment Income $1,464,606

Other Revenue $0

TOTAL REVENUE $6,490,909

Expense Breakdown

Grants Paid $3,006,352

Salaries & Benefits $793,096

Fundraising Expenses $27,353

Program Expenses $3,796,870

Other Expenses $555,244

TOTAL EXPENSES $4,354,692

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,490,909	$12,580,282	-0.5%
Expenses	$4,354,692	$3,740,860	+0.2%
Net Income	$2,136,217	$8,839,422	-0.8%

Key Indicators

✓ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✓ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$220,817

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALISON WOLFE	DIRECTOR	1.00	Director	$0	$0	$0
NEIL FOLNSBEE	DIRECTOR	1.00	Director	$0	$0	$0
EILEEN HUFF	TREASURER	1.00	Officer Director	$0	$0	$0
OLIVIA KHRISTAN	DIRECTOR	1.00	Director	$0	$0	$0
JAN VAN DEN BLINK	PAST CHAIR	1.25	Officer Director	$0	$0	$0
PAUL SYDLANSKY	CHAIR	1.25	Officer Director	$0	$0	$0
SARA CICCOTTI	SECRETARY	1.25	Officer Director	$0	$0	$0
L DALE COLE	DIRECTOR	1.00	Director	$0	$0	$0
JANNA LINDSAY	DIRECTOR	1.00	Director	$0	$0	$0
KATHLEEN SCHWEIZER	VICE CHAIR	1.00	Officer Director	$0	$0	$0
ODESSA PETZOLD	DIRECTOR	1.00	Director	$0	$0	$0
THEODORE GOLDWYN	DIRECTOR	1.00	Director	$0	$0	$0
KIMBERLY WILBERT-SMITH	DIRECTOR	1.00	Director	$0	$0	$0
JARVIS MARLOW-MCCOWIN	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL EISNER	DIRECTOR	1.00	Director	$0	$0	$0
CYNTHIA RIVERA	DIRECTOR	1.00	Director	$0	$0	$0
PAULINE EMERY	DIRECTOR	1.00	Director	$0	$0	$0
LYNSEY HOURIHAN	DIRECTOR	1.00	Director	$0	$0	$0
MARY MIX	DIRECTOR	1.00	Director	$0	$0	$0
JOHN PAUL PASSMORE	DIRECTOR	1.00	Director	$0	$0	$0
TRUNG TRAN	DIRECTOR	1.00	Director	$0	$0	$0
RANDI HEWIT	PRESIDENT	40.00	Officer	$175,524	$45,293	$220,817
JOHN SIRIANNI	CFO	40.00	Highest	$124,064	$23,705	$147,769
SARAH SHAUT	VICE PRESIDENT OF PROGRAMS	40.00	Highest	$120,458	$24,600	$145,058

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	$6,490,909	$4,354,692	$83,695,539	$2,136,217
2024	$12,580,282	$3,740,860	$76,020,987	$8,839,422
2023	$3,876,742	$3,897,826	$68,654,981	$-21,084
2022	$4,077,451	$3,358,282	$64,263,618	$719,169
2021	$3,272,819	$3,433,097	$75,391,064	$-160,278
2020	$4,478,977	$3,662,004	$59,753,507	$816,973
2019	$4,728,485	$3,176,981	$59,145,758	$1,551,504

COMMUNITY FOUNDATION OF ELMIRA-CORNING AND THE FINGER LAKES INC