FINGER LAKES COMMUNITY COLLEGE STU… - Form 990 Financial Data

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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

LINDSEY CHAMBERLAIN

Phone

5857851465

Tax Period

2023-07-01 to 2024-06-30

FINGER LAKES COMMUNITY COLLEGE STUDENT CORPORATION, founded in 1999, is a small nonprofit in the Education sector that reported $349K in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year. Expenses of $495K exceeded revenue, resulting in a 42% operating deficit.

Mission

NONE

Program Service Accomplishments

Program 1

Expenses: $456,061 Revenue: $349,123

THE FINGER LAKES COMMUNITY COLLEGE STUDENT CORPORATION PROVIDED PART-TIME AND FULL TIME STUDENTS ENROLLED AT FINGER LAKES COMMUNITY COLLEGE WITH THE RESOURCES NECESSARY TO ENGAGE IN VARIOUS...

THE FINGER LAKES COMMUNITY COLLEGE STUDENT CORPORATION PROVIDED PART-TIME AND FULL TIME STUDENTS ENROLLED AT FINGER LAKES COMMUNITY COLLEGE WITH THE RESOURCES NECESSARY TO ENGAGE IN VARIOUS EXTRACURRICULAR ACTIVITIES.

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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 $4,831

Program Service Revenue $340,380

Investment Income $2,698

Other Revenue $1,214

TOTAL REVENUE $349,123

Expense Breakdown

Grants Paid $157,833

Salaries & Benefits $23,241

Fundraising Expenses $0

Program Expenses $456,061

Other Expenses $313,943

TOTAL EXPENSES $495,017

Year-over-Year Comparison

	2023	2022	Change
Revenue	$349,123	$385,391	-0.1%
Expenses	$495,017	$463,904	+0.1%
Net Income	$-145,894	$-78,513	+0.9%

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

N/A

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

$4,685

Total Directors

$112,907

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DREW BATEMAN	PRESIDENT	2.00	Officer Director	$2,050	$0	$2,050
YUVRAJ SINGH BHATI	VICE PRESIDENT	2.00	Officer Director	$1,100	$0	$1,100
ADIA WACHOB	SECRETARY (FALL 23)	2.00	Officer Director	$635	$0	$635
LAURA LOPEZ	DIRECTOR OF MARKETING	1.00	Director	$390	$0	$390
ALEXANDER WHITCOMB	CO DIRECTOR OF DEI	1.00	Director	$900	$0	$900
MEGAN PASION	CO-DIRECTOR OF DEI	1.00	Director	$600	$0	$600
MISTY HALL	DIRECTOR OF CLUBS AND ORGANIZATIONS	1.00	Director	$900	$0	$900
ANTHONY PERRY	CO-DIRECTOR OF ACTIVITIES COMMITTEE	1.00	Director	$390	$0	$390
DOMINIC MAYBEE	CO-DIRECTOR OF ACTIVITIES COMMITTEE	1.00	Director	$810	$0	$810
AMAHLE MNYANDU	SECRETARY (SPRING 24)	2.00	Officer Director	$0	$0	$0
AJ DIFABIO	MEMBER-AT-LARGE	1.00	Director	$700	$0	$700
LINDSEY CHAMBERLAIN	FIDUCIARY AGENT	1.00	Director	$0	$19,152	$104,432
CHIOMA OKWUDILI	TREASURER	2.00	Officer	$900	$0	$900

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	$349,123	$495,017	$542,486	$-145,894
2023	$385,391	$463,904	$706,894	$-78,513
2022	$383,833	$353,731	$777,137	$30,102
2021	$385,561	$502,445	$795,463	$-116,884
2020	$371,450	$377,193	$901,449	$-5,743
2019	$365,241	$415,667	$883,552	$-50,426
2018	$462,040	$1,024,968	$886,900	$-562,928

FINGER LAKES COMMUNITY COLLEGE STUDENT CORPORATION