FINGER LAKES REGIONAL TELECOMMUNICATIONS DEVELOPMENT CORP (EIN 204539370) - 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

2007

Legal Domicile

Phone

5853964502

Tax Period

2023-01-01 to 2023-11-30

FINGER LAKES REGIONAL TELECOMMUNICATIONS DEVELOPMENT CORP, founded in 2007, is a small nonprofit that reported $617K in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum. The organization ran a surplus of $222K, a strong 36% operating margin.

Mission

THE DEVELOPMENT AND OPERATION OF A MUNICIPAL BASED OPEN ACCESS FIBER OPTIC NETWORK WHICH WILL CREATE TECHNOLOGY-LED ECONOMIC DEVELOPMENT THROUGHOUT THE COUNTY WITHOUT BIAS TO GEOGRAPHIC LOCATION OR DEMOGRAPHIC PROFILE.

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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 $284,428

Program Service Revenue $50,000

Investment Income $46,799

Other Revenue $235,712

TOTAL REVENUE $616,939

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $186,187

Other Expenses $394,602

TOTAL EXPENSES $394,602

Year-over-Year Comparison

	2023	2022	Change
Revenue	$616,939	$508,031	+0.2%
Expenses	$394,602	$471,758	-0.2%
Net Income	$222,337	$36,273	+5.1%

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

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL MANIKOWSKI	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBERT SEEM	CHAIRMAN	1.00	Officer Director	$0	$0	$0
JOHN SHEPPARD	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
JOHN DORAK	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRIS DEBOLT	BOARD MEMBER	1.00	Director	$0	$0	$0
ANDREW WICKHAM	TREASURER	1.00	Officer Director	$0	$0	$0
DON CULETON	SECRETARY	1.00	Officer Director	$0	$0	$0
BOB LOWENTHAL	BOARD MEMBER	1.00	Director	$0	$0	$0
SEAN BARRY	CEO	4.00	Officer	$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
2023	$616,939	$394,602	No data	$222,337
2022	$508,031	$471,758	$4,416,836	$36,273
2021	$518,832	$480,664	$4,537,806	$38,168
2020	$530,986	$456,464	$4,644,100	$74,522
2019	$539,288	$475,645	$4,708,557	$63,643
2018	$1,665,824	$665,786	$4,772,459	$1,000,038

FINGER LAKES REGIONAL TELECOMMUNICATIONS DEVELOPMENT CORP