SKANEATELES RECREATIONAL CHARITABLE TRUST C/O MICHAEL BESAW (EIN 161556744) - 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

1998

Legal Domicile

Principal Officer

MAUREEN SODERBERG

Phone

3157074759

Tax Period

2024-07-01 to 2025-06-30

SKANEATELES RECREATIONAL CHARITABLE TRUST C/O MICHAEL BESAW, founded in 1998, is a small nonprofit in the Youth Development sector that reported $387K in total revenue in fiscal year 2024. Revenue fell 25% from the prior year — a significant decline worth monitoring. Expenses of $642K exceeded revenue, resulting in a 66% operating deficit.

Mission

EXPANDING AND IMPROVING UPON THE EXISTING COMMUNITY RECREATIONAL FACILITIES AVAILABLE TO THE CITIZENS OF SKANEATELES, NEW YORK. THE ORGANIZATION'S PRIMARY FOCUS IS TO ACT AS A FUND RAISING AND CONSTRUCTION ENTITY.

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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 $289,605

Program Service Revenue $0

Investment Income $97,455

Other Revenue $0

TOTAL REVENUE $387,060

Expense Breakdown

Grants Paid $22,421

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $616,656

Other Expenses $619,622

TOTAL EXPENSES $642,043

Year-over-Year Comparison

	2024	2023	Change
Revenue	$387,060	$516,049	-0.2%
Expenses	$642,043	$1,055,684	-0.4%
Net Income	$-254,983	$-539,635	-0.5%

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
WILLIAM MARQUARDT	PAST CHAIR	1.00	Officer Director	$0	$0	$0
JOANNE CROSS	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL BESAW	TREASURER	1.00	Officer Director	$0	$0	$0
CHARLES WALLACE	TRUSTEE	1.00	Director	$0	$0	$0
WILLIAM F ALLYN	TRUSTEE	1.00	Director	$0	$0	$0
DAVID M ALLYN	TRUSTEE	1.00	Director	$0	$0	$0
SUSAN GORMAN	TRUSTEE	1.00	Director	$0	$0	$0
KRISTI KRIEGER	SECRETARY	1.00	Officer Director	$0	$0	$0
EARL DECARLI	TRUSTEE	1.00	Director	$0	$0	$0
MAUREEN SODERBERG	CHAIR	1.00	Officer Director	$0	$0	$0
JOHN TEIXEIRA	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL J BYRNE	VICE-CHAIRMAN	1.00	Officer Director	$0	$0	$0
KEVIN GAGLIONE	TRUSTEE	1.00	Director	$0	$0	$0
ERIC JENSEN	TRUSTEE	1.00	Director	$0	$0	$0
PEER SODERBERG	TRUSTEE	1.00	Director	$0	$0	$0
RICK MATTHEWS	TRUSTEE	1.00	Director	$0	$0	$0
MARK RONEY	TRUSTEE	1.00	Director	$0	$0	$0
MIKE PARKER	TRUSTEE	1.00	Director	$0	$0	$0
TOM BERSANI	TRUSTEE	1.00	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	$387,060	$642,043	$10,495,661	$-254,983
2024	$516,049	$1,055,684	$9,495,425	$-539,635
2023	$1,452,222	$974,231	$9,742,506	$477,991
2022	$26,706	$397,801	$8,974,564	$-371,095
2021	$83,983	$420,685	$9,663,528	$-336,702
2020	$174,536	$412,911	$9,984,985	$-238,375
2019	$239,630	$428,521	$10,249,794	$-188,891

SKANEATELES RECREATIONAL CHARITABLE TRUST C/O MICHAEL BESAW