FINGER LAKES COMMUNITY DEVELOPMENT CORPORATION (EIN 161561999) - 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

1999

Legal Domicile

Principal Officer

ROBERT DOEBLIN

Phone

3157898010

Tax Period

2023-01-01 to 2023-12-31

FINGER LAKES COMMUNITY DEVELOPMENT CORPORATION, founded in 1999, is a small nonprofit in the Housing & Shelter sector that reported $736K in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. Net assets of $2.4M represent 40 months of operating reserves.

Mission

PUBLIC NEED/LOW-INCOME HOUSING.

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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 $0

Program Service Revenue $735,949

Investment Income $522

Other Revenue $0

TOTAL REVENUE $736,471

Expense Breakdown

Grants Paid $0

Salaries & Benefits $593,337

Fundraising Expenses $0

Program Expenses $594,216

Other Expenses $184,435

TOTAL EXPENSES $777,772

Year-over-Year Comparison

	2023	2022	Change
Revenue	$736,471	$616,723	+0.2%
Expenses	$777,772	$756,060	+0.0%
Net Income	$-41,301	$-139,337	-0.7%

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

Volunteers

N/A

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

$247,174

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DOMINICK VEDORA	PRESIDENT	5.00	Officer Director	$0	$0	$0
JOHN PARROTT JR	SECRETARY	5.00	Officer Director	$0	$0	$0
JAMES VEDORA	TREASURER	5.00	Officer Director	$0	$0	$0
LUCILE MALLARD	DIRECTOR	2.00	Director	$0	$0	$0
JOE CIRENCIONE	DIRECTOR	2.00	Director	$0	$0	$0
PHIL BECKLEY	DIRECTOR	2.00	Director	$0	$0	$0
JAMES DEVANEY	DIRECTOR	2.00	Director	$0	$0	$0
JOSEPH FRAGNOLI	DIRECTOR	2.00	Director	$0	$0	$0
GLENDA DORIS MYERS	DIRECTOR	2.00	Director	$0	$0	$0
BOB ANANIA	DIRECTOR	2.00	Director	$0	$0	$0
PATTI CARTER	DIRECTOR	2.00	Director	$0	$0	$0
ROBERT DOEBLIN	C.E.O.	2.00	Officer	$0	$28,913	$144,563
KAREN ROSINI	C.F.O.	2.00	Officer	$0	$20,522	$102,611

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	$736,471	$777,772	$2,716,165	$-41,301
2022	$616,723	$756,060	$2,963,867	$-139,337
2021	$653,218	$691,202	$2,952,773	$-37,984
2020	$711,480	$669,165	$3,389,526	$42,315
2019	$799,134	$649,594	$3,362,756	$149,540
2018	$1,077,438	$622,642	$3,844,829	$454,796

FINGER LAKES COMMUNITY DEVELOPMENT CORPORATION