COMMUNITY RECREATIONAL CENTER INC (EIN 161313959) - Form 990 Financial Analysis & Trantor Score

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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

2001

Legal Domicile

Principal Officer

LARRY YOUNG

Phone

6072777465

Tax Period

2024-07-01 to 2025-06-30

COMMUNITY RECREATIONAL CENTER INC, founded in 2001, is a community nonprofit in the Recreation & Sports sector that reported $1.2M in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum. The organization ran a surplus of $269K, a strong 22% operating margin.

Mission

TO PROVIDE SKATING AND OTHER RECREATIONAL FACILITIES FOR PEOPLE LOCATED IN ITHACA, NY AND SURROUNDING AREAS.

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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 $328,238

Program Service Revenue $815,698

Investment Income $29,731

Other Revenue $28,867

TOTAL REVENUE $1,202,534

Expense Breakdown

Grants Paid $1,000

Salaries & Benefits $317,854

Fundraising Expenses $0

Program Expenses $758,770

Other Expenses $614,985

TOTAL EXPENSES $933,839

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,202,534	$963,307	+0.2%
Expenses	$933,839	$898,379	+0.0%
Net Income	$268,695	$64,928	+3.1%

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

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
JAMES SCIARABBA	PRESIDENT	2.00	Officer Director	$0	$0	$0
DON SEVEY	SECRETARY	2.00	Officer Director	$0	$0	$0
LARRY YOUNG	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
ANDY SCIARABBA	TREASURER	2.00	Officer Director	$0	$0	$0
STEVE COLT	BOARD MEMBER	2.00	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	$1,202,534	$933,839	$3,420,949	$268,695
2024	$963,307	$898,379	$3,169,457	$64,928
2023	$989,595	$841,675	$3,153,611	$147,920
2022	$884,308	$590,798	$3,049,686	$293,510
2021	$648,969	$634,983	$3,062,651	$13,986
2019	$640,023	$699,103	$3,075,663	$-59,080
2018	$708,807	$702,636	$3,260,695	$6,171

COMMUNITY RECREATIONAL CENTER INC