TOMPKINS COUNTY AREA DEVELOPMENT INC (EIN 166058339) - 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

1965

Legal Domicile

Principal Officer

HEATHER MCDANIEL

Phone

6072730005

Tax Period

2023-01-01 to 2023-12-31

TOMPKINS COUNTY AREA DEVELOPMENT INC, founded in 1965, is a community nonprofit that reported $2.7M in total revenue in fiscal year 2023. Revenue surged 220% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.3M, a strong 50% operating margin.

Mission

BUILDING A THRIVING AND SUSTAINABLE ECONOMY THAT IMPROVES THE QUALITY OF LIFE IN TOMPKINS COUNTY BY FOSTERING THE GROWTH OF BUSINESS AND EMPLOYMENT.

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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 $2,585,288

Investment Income $34,822

Other Revenue $32,640

TOTAL REVENUE $2,652,750

Expense Breakdown

Grants Paid $0

Salaries & Benefits $662,796

Fundraising Expenses $0

Other Expenses $662,297

TOTAL EXPENSES $1,325,093

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,652,750	$830,075	+2.2%
Expenses	$1,325,093	$991,200	+0.3%
Net Income	$1,327,657	$-161,125	-9.2%

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

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

$219,861

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIAN NOTEBOOM	DIRECTOR	0.25	Director	$0	$0	$0
CATHY HART	VICE CHAIR	0.40	Officer Director	$0	$0	$0
CHRIS MALCOM	SECRETARY	0.40	Officer Director	$0	$0	$0
ED LAVIGNE	DIRECTOR	0.25	Director	$0	$0	$0
GREG GALVIN	CHAIR	0.40	Officer Director	$0	$0	$0
GREG HARTZ	DIRECTOR	0.40	Director	$0	$0	$0
ILLA BURBANK	DIRECTOR	0.25	Director	$0	$0	$0
JEFF GORSKY	TREASURER	0.40	Officer Director	$0	$0	$0
JEFFREY MATTESON	DIRECTOR	0.25	Director	$0	$0	$0
JOEL MALINA	DIRECTOR	0.40	Director	$0	$0	$0
JOHANNA ANDERSON	DIRECTOR	0.25	Director	$0	$0	$0
JULIE BAKER	DIRECTOR	0.25	Director	$0	$0	$0
LARRY BAUM	DIRECTOR	0.25	Director	$0	$0	$0
LAURA LEWIS	DIRECTOR	0.40	Director	$0	$0	$0
SHAWN WILCZYNSKI	DIRECTOR	0.25	Director	$0	$0	$0
SHAWNA BLACK	DIRECTOR	0.25	Director	$0	$0	$0
SOPHIA DARLING	DIRECTOR	0.25	Director	$0	$0	$0
TIM DOWNS	DIRECTOR	0.25	Director	$0	$0	$0
TOM ROBINSON	DIRECTOR	0.25	Director	$0	$0	$0
JODI DENMAN	SECRETARY	0.40	Officer Director	$0	$0	$0
GREG MEZEY	DIRECTOR	0.25	Director	$0	$0	$0
CARRIE POLLAK	DIRECTOR	0.25	Director	$0	$0	$0
CHRISTINE LOVELY	DIRECTOR	0.25	Director	$0	$0	$0
AMY KREMENEK	DIRECTOR	0.25	Director	$0	$0	$0
MARTIN STALLONE	DIRECTOR	0.25	Director	$0	$0	$0
LISA WHITAKER	DIRECTOR	0.25	Director	$0	$0	$0
HEATHER MCDANIEL	PRESIDENT	35.00	Officer	$168,834	$51,027	$219,861

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	$2,652,750	$1,325,093	$5,475,860	$1,327,657
2022	$830,075	$991,200	$4,216,406	$-161,125
2021	$835,461	$934,159	$3,649,301	$-98,698
2020	$985,817	$934,214	$3,815,424	$51,603
2019	$1,034,562	$811,058	$3,768,719	$223,504
2018	$2,089,580	$1,082,080	$3,847,084	$1,007,500

TOMPKINS COUNTY AREA DEVELOPMENT INC