THE CORN HILL WATERFRONT & NAVIGATION FOUNDATION

EIN: 161388214 501(c)(3)

ROCHESTER, NY

Total Revenue
$43,415
Total Expenses
$96,118
Total Assets
$884,686
Net Assets
$418,547
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1990
Legal Domicile
NY
Principal Officer
PATRICK RUSSELL-WALSH
Phone
5856625748
Tax Period
2025-01-01 to 2025-03-31

THE CORN HILL WATERFRONT & NAVIGATION FOUNDATION, founded in 1990, is a micro nonprofit that reported $43K in total revenue in fiscal year 2024. Revenue fell 95% from the prior year — a significant decline worth monitoring. Expenses of $96K exceeded revenue, resulting in a 121% operating deficit.

Mission

CORN HILL WATERFRONT & NAVIGATION FOUNDATION IS A 501(C)(3) EDUCATIONAL ORGANIZATION WITH THE MISSION OF ENGAGING PEOPLE OF ALL AGES AND BACKGROUNDS IN ON-THE-WATER LEARNING EXPERIENCES, AT THE SAME TIME FOSTERING THE PRESERVATION AND IMPROVEMENT OF THE ERIE CANAL AND GENESEE RIVER FOR CURRENT AND FUTURE GENERATIONS.

Program Service Accomplishments

Program 1
Expenses: $34,907 Revenue: $581

DURING THE SHORT YEAR JANUARY 1 THROUGH MARCH 31, 2025, CORN HILL NAVIGATION DID NOT RUN ANY PROGRAMS. INSTEAD, THE ORGANIZATION WORKED EXTENSIVELY ON PLANNING ITS UPCOMING SEASON, UPDATING SCHEDULES...

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DURING THE SHORT YEAR JANUARY 1 THROUGH MARCH 31, 2025, CORN HILL NAVIGATION DID NOT RUN ANY PROGRAMS. INSTEAD, THE ORGANIZATION WORKED EXTENSIVELY ON PLANNING ITS UPCOMING SEASON, UPDATING SCHEDULES AND INTRODUCING NEW ITEMS TO THE MIX.TYPICALLY, CORN HILL NAVIGATION OPERATES TWO VESSELS - SAM PATCH AND RIVERIE. THE VESSELS SERVE PASSENGERS ON TICKETED CRUISES WITH GUIDED NARRATION ABOUT THE IMPORTANCE OF OUR WATERWAYS AND THE CRITICAL ROLE THEY PLAYED IN OUR REGIONAL AND NATIONAL DEVELOPMENT. SINCE ITS FOUNDING IN 1991, HUNDREDS OF THOUSANDS OF PEOPLE OF ALL AGES AND BACKGROUNDS HAVE EXPERIENCED THE ERIE CANAL AND GENESEE RIVER ABOARD CORN HILL NAVIGATION'S VESSELS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $42,834
Program Service Revenue $381
Investment Income $0
Other Revenue $200
TOTAL REVENUE $43,415

Expense Breakdown

Grants Paid $0
Salaries & Benefits $47,256
Fundraising Expenses $7,906
Program Expenses $34,907
Other Expenses $48,862
TOTAL EXPENSES $96,118

Year-over-Year Comparison

2024 2023 Change
Revenue $43,415 $867,235 -0.9%
Expenses $96,118 $689,948 -0.9%
Net Income $-52,703 $177,287 -1.3%
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

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Liquidity & Cash Position

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Governance

Voting Members
13
Independent Members
13
Employees
N/A
Volunteers
21

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
6
$0
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ASHLEY FICO DIRECTOR 2.00
Director
$0 $0 $0
PATRICIA DONOGHUE SECRETARY 5.00
Officer Director
$0 $0 $0
LISA WING CHAIR 20.00
Officer Director
$0 $0 $0
THOMAS HACK TREASURER 5.00
Officer Director
$0 $0 $0
JULIA CURTIS VICE CHAIR 3.00
Officer Director
$0 $0 $0
FRANCES GOTCSIK DIRECTOR 4.00
Director
$0 $0 $0
ROGER BROWN DIRECTOR 3.00
Director
$0 $0 $0
LYNN BUEHLMAN DIRECTOR 2.00
Director
$0 $0 $0
KIM CREVELLING DIRECTOR 4.00
Director
$0 $0 $0
DAVID CARPENTER VICE CHAIR 4.00
Officer Director
$0 $0 $0
SANDRA SIMPSON DIRECTOR 2.00
Director
$0 $0 $0
HENRY MCCARTNEY DIRECTOR 2.00
Director
$0 $0 $0
FREDERIC FOLSOM DIRECTOR 3.00
Director
$0 $0 $0
PATRICK RUSSELL-WALSH EXECUTIVE DIRECTOR 40.00
Officer
$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 $43,415 $96,118 $884,686 $-52,703
2024 $867,235 $689,948 $962,756 $177,287
2023 $529,116 $688,804 $780,569 $-159,688
2022 $665,356 $422,504 $769,867 $242,852
2021 $364,516 $273,255 $340,333 $91,261
2020 $136,636 $231,295 $251,365 $-94,659
2019 $290,746 $228,827 $233,795 $61,919
2018 $287,292 $211,287 $176,992 $76,005
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