RESIDENTS' ASSOCIATION OF KENDAL AT ITHACA INC (EIN 161518521) - 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

1997

Legal Domicile

Principal Officer

JIM HEDLUND

Phone

6072576730

Tax Period

2023-01-01 to 2023-12-31

RESIDENTS' ASSOCIATION OF KENDAL AT ITHACA INC, founded in 1997, is a small nonprofit in the Human Services sector that reported $280K in total revenue in fiscal year 2023.

Mission

TO PROMOTE THE SOCIAL, CULTURAL, EMOTIONAL, PHYSICAL, SPIRITUAL AND RECREATIONAL WELL BEING OF THE ENTIRE KENDAL AT ITHACA COMMUNITY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $275,994

Program Service Revenue $0

Investment Income $4,352

Other Revenue $0

TOTAL REVENUE $280,346

Expense Breakdown

Grants Paid $214,260

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $270,424

Other Expenses $60,855

TOTAL EXPENSES $275,115

Year-over-Year Comparison

	2023	2022	Change
Revenue	$280,346	$280,675	0.0%
Expenses	$275,115	$279,429	0.0%
Net Income	$5,231	$1,246	+3.2%

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

N/A

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
ELAINE DEWAN	PRESIDENT ELECT	1.00	Officer Director	$0	$0	$0
MAIDA GIERASCH	DIRECTOR	0.50	Director	$0	$0	$0
PETER HOBBS	DIRECTOR	0.50	Director	$0	$0	$0
MARGUERITE UPHOFF	DIRECTOR	0.50	Director	$0	$0	$0
JIM HEDLUND	PRESIDENT	1.00	Officer Director	$0	$0	$0
JACK BRADBURY	DIRECTOR	0.50	Director	$0	$0	$0
GLENNYS BUTTON	DIRECTOR	0.50	Director	$0	$0	$0
DONALD LEIN	DIRECTOR	0.50	Director	$0	$0	$0
MARJ SMART	PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
BRUCE CHANDLER	DIRECTOR	0.50	Director	$0	$0	$0
JANET JOHNSTON	DIRECTOR	0.50	Director	$0	$0	$0
MARCY ROSENKRANTZ	DIRECTOR	0.50	Director	$0	$0	$0
NANCY ROBBINS	TREASURER	2.00	Officer Director	$0	$0	$0
ANNE HOBBS	SECRETARY	0.50	Officer 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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$280,346	$275,115	$194,934	$5,231
2022	$280,675	$279,429	$180,692	$1,246
2021	$245,009	$252,535	$196,059	$-7,526
2020	$257,756	$220,312	$195,517	$37,444
2019	$227,521	$230,245	$149,372	$-2,724
2018	$207,611	$218,142	$141,919	$-10,531

RESIDENTS' ASSOCIATION OF KENDAL AT ITHACA INC