STEUBEN ARC FOUNDATION INC (EIN 161539843) - 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

MICHAEL DAMIANO

Phone

6077764146

Tax Period

2023-01-01 to 2023-12-31

STEUBEN ARC FOUNDATION INC, founded in 1997, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $123K in total revenue in fiscal year 2023. The organization ran a surplus of $58K, a strong 47% operating margin.

Mission

PROVIDE GOODS AND SERVICES TO DEVELOPMENTALLY DISABLED INDIVIDUALS AT ALLEGANY-STEUBEN COUNTIES CHAPTER, NYSARC, INC.

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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 $62,137

Program Service Revenue $2,743

Investment Income $48,705

Other Revenue $9,666

TOTAL REVENUE $123,251

Expense Breakdown

Grants Paid $4,638

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $64,892

Other Expenses $60,254

TOTAL EXPENSES $64,892

Year-over-Year Comparison

	2023	2022	Change
Revenue	$123,251	$122,633	+0.0%
Expenses	$64,892	$74,560	-0.1%
Net Income	$58,359	$48,073	+0.2%

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

$346,885

Total Directors

$169,042

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BERNARD BURNS	PRESIDENT	0.10	Officer Director	$0	$0	$0
KAREN L SHIRLEY	TREASURER	0.10	Officer Director	$0	$0	$0
PAM COLOMIAO	SECRETARY	0.10	Officer Director	$0	$0	$0
ARTHUR J STILLWELL	ARC OF ALLEGANY-STEUBEN LI	0.10	Director	$0	$0	$0
AMANDA HERRICK SMITH	BOARD MEMBER	0.10	Director	$0	$0	$0
LOUIS NESSLE	BOARD MEMBER	0.10	Director	$0	$0	$0
MICHAEL DAMIANO	EXECUTIVE DIRECTOR & VP	0.10	Officer Director	$0	$10,724	$169,042
PATRICK SMITH	BOARD MEMBER	0.10	Director	$0	$0	$0
AL GOSSIE	BOARD MEMBER	0.10	Director	$0	$0	$0
FRED DANNHEIM	CFO	0.10	Officer	$0	$23,256	$177,843

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	$123,251	$64,892	$1,958,211	$58,359
2022	$122,633	$74,560	$1,667,068	$48,073
2021	$114,993	$57,485	$1,868,858	$57,508
2020	$114,433	$85,572	$1,682,234	$28,861
2019	$253,178	$43,272	$1,543,697	$209,906
2018	$151,836	$54,578	$1,315,854	$97,258

STEUBEN ARC FOUNDATION INC