OSWEGO INDUSTRIES INC

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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

1968

Legal Domicile

Principal Officer

ALLEN CONNELY

Phone

3155983108

Tax Period

2023-01-01 to 2023-12-31

OSWEGO INDUSTRIES INC, founded in 1968, is a community nonprofit in the Employment sector that reported $6.9M in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year.

Mission

OUR MISSION IS TO BE A PARTNER IN THE DEVELOPMENT OF COMPREHENSIVE COMMUNITY SERVICES DESIGNED TO IMPROVE THE QUALITY OF LIFE FOR ALL PEOPLE, WITH THE PRIMARY EMPHASIS ON THOSE WITH DISABILITIES, BY PROVIDING THE NECESSARY SUPPORT PROGRAMS TO ENABLE INDIVIDUALS TO GROW WITH DIGNITY AND ACHIEVE THEIR HIGHEST LEVEL OF INDEPENDENCE AND SELF FULFILLMENT.

Program Service Accomplishments

Program 1

Expenses: $2,284,216 Revenue: $3,071,452

DAY HABILITATION: AND OTHER WAIVER SERVICES: SUPERVISED INSTRUCTIONAL PROGRAM THAT ACCOMMODATES INDIVIDUALS WITH INTELLECTUAL AND OTHER DEVELOPMENTAL DISABILITIES.

Program 2

Expenses: $1,786,578 Revenue: $1,559,931

VOCATIONAL: SITE BASED SHELTERED WORKSHOP PROVIDING EMPLOYMENT SERVICES FOR INDIVIDUALS WITH INTELLECTUAL AND OTHER DEVELOPMENTAL DISABILITIES IN THE COMMUNITY.

Program 3

Expenses: $1,293,493 Revenue: $1,419,804

JANITORIAL: PROVIDING EMPLOYMENT SERVICES FOR INDIVIDUALS WITH INTELLECTUAL AND OTHER DEVELOPMENTAL DISABILITIES IN THE COMMUNITY.

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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 $527,282

Program Service Revenue $5,673,174

Investment Income $292,937

Other Revenue $445,178

TOTAL REVENUE $6,938,571

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,605,251

Fundraising Expenses $8,871

Program Expenses $5,698,782

Other Expenses $2,414,421

TOTAL EXPENSES $7,019,672

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,938,571	$7,741,850	-0.1%
Expenses	$7,019,672	$7,365,526	0.0%
Net Income	$-81,101	$376,324	-1.2%

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

154

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

$55,567

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL EGAN	PRESIDENT	1.00	Officer Director	$0	$0	$0
RICHARD RIMA	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
HEATHER HUDSON	SECRETARY	1.00	Officer Director	$0	$0	$0
LARRY OGORCHOCK	DIRECTOR	1.00	Director	$0	$0	$0
MARY ANN BARBARINO	DIRECTOR	1.00	Director	$0	$0	$0
BEKKAH FRISCH	DIRECTOR	1.00	Director	$0	$0	$0
JULIE HOLLAND	TREASURER	1.00	Director	$0	$0	$0
LAURIE DAVIS	FORMER EXECUTIVE DIRECTOR	30.00	Officer	$53,213	$2,354	$55,567

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	$6,938,571	$7,019,672	$4,032,694	$-81,101
2022	$7,741,850	$7,365,526	$3,801,709	$376,324
2021	$6,301,381	$6,579,922	$4,770,694	$-278,541
2020	$7,547,741	$7,113,994	$4,337,519	$433,747
2019	$7,508,562	$7,959,333	$3,770,973	$-450,771
2018	$9,085,476	$8,694,082	$4,079,366	$391,394