FINGER LAKES INDEPENDENCE CENTER

EIN: 161330345 501(c)(3) Human Services

ITHACA, NY

Total Revenue
$7,406,368
Total Expenses
$5,841,037
Total Assets
$5,916,432
Net Assets
$5,893,592
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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
1988
Legal Domicile
NY
Principal Officer
ELLICE SWITZER
Phone
6072722433
Tax Period
2023-07-01 to 2024-06-30

FINGER LAKES INDEPENDENCE CENTER, founded in 1988, is a community nonprofit in the Human Services sector that reported $7.4M in total revenue in fiscal year 2023. Revenue surged 45% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.6M, a strong 21% operating margin.

Mission

TO EMPOWER ALL PEOPLE WITH DISABILITIES WHILE CREATING AN INCLUSIVE SOCIETY THROUGH THE ELIMINATION OF SOCIAL AND ARCHITECTURAL BARRIERS.

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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 $424,759
Program Service Revenue $6,952,811
Investment Income $28,798
Other Revenue $0
TOTAL REVENUE $7,406,368

Expense Breakdown

Grants Paid $0
Salaries & Benefits $5,578,956
Fundraising Expenses $0
Program Expenses $5,760,762
Other Expenses $262,081
TOTAL EXPENSES $5,841,037

Year-over-Year Comparison

2023 2022 Change
Revenue $7,406,368 $5,124,991 +0.4%
Expenses $5,841,037 $5,274,947 +0.1%
Net Income $1,565,331 $-149,956 -11.4%
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

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Governance

Voting Members
7
Independent Members
7
Employees
304
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
7
$111,232
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ELLICE SWITZER VICE PRESIDENT/PRESIDENT 0.50
Officer Director
$0 $0 $0
TIM SCHMIDLE DIRECTOR/VICE PRESIDENT 0.50
Officer Director
$0 $0 $0
HEATHER MOUNT DIRECTOR (PART YEAR) 0.50
Director
$0 $0 $0
PATRICIA FRATANGELO SECRETARY 0.50
Officer Director
$0 $0 $0
ROBERT MEEK PRESIDENT/DIRECTOR 0.50
Officer Director
$0 $0 $0
KIMBERLY GALES TREASURER (PART YEAR) 0.50
Officer Director
$0 $0 $0
LARRY ROBERTS DIRECTOR 0.50
Director
$0 $0 $0
RICHARD HOLBOROW DIRECTOR 0.50
Director
$0 $0 $0
JOZEF PHILLIPS DIRECTOR 0.50
Director
$0 $0 $0
LAWRENCE ALBRO DIRECTOR (PART YEAR) 0.50
Director
$0 $0 $0
LIZZIE JUANIZA-SASO SECRETARY (PART YEAR) 0.50
Officer Director
$0 $0 $0
JANETTE LYNCH EXECUTIVE DIRECTOR 40.00
Officer
$103,832 $7,400 $111,232
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 $7,406,368 $5,841,037 $5,916,432 $1,565,331
2023 $5,124,991 $5,274,947 $4,298,780 $-149,956
2022 $5,487,138 $4,823,616 $4,385,349 $663,522
2021 $5,343,157 $4,799,888 $3,844,021 $543,269
2020 $5,310,021 $4,379,286 $3,310,690 $930,735
2019 $4,164,622 $3,757,419 $2,259,921 $407,203
2018 $3,285,075 $3,161,469 $1,827,154 $123,606
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