SOUTHERN TIER INDEPENDENCE CENTER INC

EIN: 161204347 501(c)(3) Human Services

BINGHAMTON, NY

Total Revenue
$22,490,373
Total Expenses
$16,587,954
Total Assets
$14,839,091
Net Assets
$13,387,931
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1984
Legal Domicile
NY
Principal Officer
JENNIFER WATSON
Phone
6077242111
Tax Period
2023-01-01 to 2023-12-31

SOUTHERN TIER INDEPENDENCE CENTER INC, founded in 1984, is a mid-sized nonprofit in the Human Services sector that reported $22.5M in total revenue in fiscal year 2023. Revenue surged 38% from the prior year, signaling strong growth momentum. The organization ran a surplus of $5.9M, a strong 26% operating margin.

Mission

STIC'S MISSION IS TO SHAPE A WORLD IN WHICH PEOPLE WITH DISABILITIES ARE EMPOWERED TO LIVE FULLY INTEGRATED LIVES IN THEIR COMMUNITIES. WE OFFER ASSISTANCE, ADVOCACY AND SERVICES TO CHILDREN AND ADULTS WITH ALL DISABILITIES, INCREASING THEIR INDEPENDENCE AND ALLOWING THEM TO PURSUE THEIR DREAMS. WE ALSO SUPPORT THEIR FAMILIES AND FRIENDS, AS WELL AS BUSINESSES, AGENCIES, AND GOVERNMENTAL ENTITIES,ENABLING THEM TO BETTER MEET THE NEEDS OF PEOPLE WITH DISABILITIES. FINALLY, WE EDUCATE AND INFLUENCE OUR COMMUNITY AND PUBLIC POLICY SO THAT EVERYONE CAN "ACCESS THEIR WORLD."

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $10,050,203
Program Service Revenue $12,263,920
Investment Income $160,331
Other Revenue $15,919
TOTAL REVENUE $22,490,373

Expense Breakdown

Grants Paid $0
Salaries & Benefits $14,145,368
Fundraising Expenses $0
Program Expenses $15,119,887
Other Expenses $2,442,586
TOTAL EXPENSES $16,587,954

Year-over-Year Comparison

2023 2022 Change
Revenue $22,490,373 $16,338,361 +0.4%
Expenses $16,587,954 $16,221,975 +0.0%
Net Income $5,902,419 $116,386 +49.7%
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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Governance

Voting Members
10
Independent Members
10
Employees
819
Volunteers
11

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
8
$289,356
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHARLES KRAMER PRESIDENT 1.00
Officer Director
$0 $0 $0
JOSEPH BURNS VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
JEANINE MOLLICA TREASURER 1.00
Officer Director
$0 $0 $0
MICHELE MATERESE SECRETARY 1.00
Officer Director
$0 $0 $0
MICHAEL PHILLIPS BOARD MEMBER 1.00
Director
$0 $0 $0
PAULA RUSSELL BOARD MEMBER 1.00
Director
$0 $0 $0
GEORGE WEINSCHENK BOARD MEMBER 1.00
Director
$0 $0 $0
PORTIA BARNETT BOARD MEMBER 1.00
Director
$0 $0 $0
GREGORIO PEDROZA BOARD MEMBER 1.00
Director
$0 $0 $0
LIAM WAGNER BOARD MEMBER 1.00
Director
$0 $0 $0
COURTNEY WHEELER BOARD MEMBER 1.00
Director
$0 $0 $0
JENNIFER WATSON ASSISTANT DIRECTOR 35.00
Officer
$79,732 $545 $80,277
PAULA BARTLOW COMPTROLLER 30.00
Officer
$61,607 $5,373 $66,980
MARIA DIBBLE EXECUTIVE DIRECTOR 35.00
Officer
$112,094 $10,745 $122,839
JOELLEN DORAK CONTROLLER 40.00
Officer
$19,215 $45 $19,260
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
2024 No data No data No data No data
2023 $22,490,373 $16,587,954 $14,839,091 $5,902,419
2022 $16,338,361 $16,221,975 $8,835,333 $116,386
2021 $15,411,999 $15,353,964 $8,744,519 $58,035
2020 $17,107,173 $17,030,800 $11,429,557 $76,373
2019 $18,906,363 $18,477,403 $8,849,620 $428,960
2018 $19,073,969 $18,223,252 $8,806,130 $850,717
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