Finger Lakes Thoroughbred Adoption Program Inc

EIN: 161759140 501(c)(3) Animal-Related

Farmington, NY

Total Revenue
$301,486
Total Expenses
$207,862
Total Assets
$572,364
Net Assets
$569,996
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2006
Legal Domicile
NY
Principal Officer
Kim DeLong
Phone
5853031897
Tax Period
2024-01-01 to 2024-12-31

Finger Lakes Thoroughbred Adoption Program Inc, founded in 2006, is a small nonprofit in the Animal-Related sector that reported $301K in total revenue in fiscal year 2024. Revenue surged 40% from the prior year, signaling strong growth momentum. The organization ran a surplus of $94K, a strong 31% operating margin.

Mission

The Finger Lakes Thoroughbred Adoption Program, Inc. is dedicated to providing a safe-haven for horses leaving the Finger Lakes Racetrack through placement in qualified, caring homes and placement agencies.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $204,735
Program Service Revenue $96,279
Investment Income $64
Other Revenue $408
TOTAL REVENUE $301,486

Expense Breakdown

Grants Paid $0
Salaries & Benefits $85,666
Fundraising Expenses $0
Program Expenses $195,642
Other Expenses $122,196
TOTAL EXPENSES $207,862

Year-over-Year Comparison

2024 2023 Change
Revenue $301,486 $214,582 +0.4%
Expenses $207,862 $196,239 +0.1%
Net Income $93,624 $18,343 +4.1%
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

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
11
Independent Members
11
Employees
8
Volunteers
5

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
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Kim DeLong President 8.00
Officer Director
$0 $0 $0
Wanda Polisseni Vice President 2.00
Officer Director
$0 $0 $0
Neil DeMoney Treasurer 1.00
Officer Director
$0 $0 $0
Natalie D'Aurizo Secretary 1.00
Officer Director
$0 $0 $0
Patrick Placito Board Member 1.00
Director
$0 $0 $0
Richard Cutri Board Member 1.00
Director
$0 $0 $0
Mike Lecesse Board Member 1.00
Director
$0 $0 $0
Chris Riegle Board Member 1.00
Director
$0 $0 $0
Dave Brown Board Member 1.00
Director
$0 $0 $0
Vieden Zahariev Board Member 1.00
Director
$0 $0 $0
Paul Barrow Board Member 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
2024 $301,486 $207,862 $572,364 $93,624
2023 $214,582 $196,239 $479,231 $18,343
2022 $296,242 $192,817 $462,254 $103,425
2021 $188,161 $165,302 $374,215 $22,859
2020 $185,356 $149,092 $335,278 $36,264
2019 $188,554 $175,580 $299,013 $12,974
2018 $138,382 $178,778 $299,381 $-40,396
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