GENESEE VALLEY IMPROVEMENT CORPORATION (EIN 222642706) - 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

1985

Legal Domicile

Principal Officer

LESLEY GOOCH-CHRISTMAN

Phone

5852687605

Tax Period

2024-03-01 to 2025-02-28

GENESEE VALLEY IMPROVEMENT CORPORATION, founded in 1985, is a small nonprofit that reported $268K in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. Expenses of $322K exceeded revenue, resulting in a 20% operating deficit.

Mission

GVIC'S PURPOSE IS TO OWN PROPERTY, COLLECT INCOME AND PROVIDE INCOME/ASSISTANCE TO ACCORD, IN ADDITION, PROVIDE LOW-INCOME HOUSING FOR QUALIFIED INDIVIDUALS AND FAMILIES AS WELL AS RENT PROGRAM OFFICE SPACE AT COST TO ACCORD SERVICE PROGRAMS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $3,036

Program Service Revenue $262,699

Investment Income $29

Other Revenue $2,177

TOTAL REVENUE $267,941

Expense Breakdown

Grants Paid $50,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $286,076

Other Expenses $272,076

TOTAL EXPENSES $322,076

Year-over-Year Comparison

	2024	2023	Change
Revenue	$267,941	$304,310	-0.1%
Expenses	$322,076	$245,913	+0.3%
Net Income	$-54,135	$58,397	-1.9%

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

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

$240,704

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KELLY DICKERSON	PRESIDENT	1.00	Officer Director	$0	$0	$0
JOSEPH DAMIANO	VICE CHAIRPERSON	1.00	Officer Director	$0	$0	$0
MICHAEL MILLER	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
NICK DAVIS	DIRECTOR	1.00	Director	$0	$0	$0
LESLEY CHRISTMAN	EXECUTIVE DIRECTOR	1.00	Officer	$0	$40,571	$142,338
LORRAINE HARMON	C.F.O.	1.00	Officer	$0	$4,990	$98,366

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	$267,941	$322,076	$525,185	$-54,135
2024	$304,310	$245,913	$543,746	$58,397
2023	$330,724	$388,067	$487,097	$-57,343
2022	$364,147	$306,712	$693,269	$57,435
2021	$311,460	$295,559	$653,338	$15,901
2020	$330,371	$312,953	$660,414	$17,418
2019	$359,393	$283,822	$661,596	$75,571

GENESEE VALLEY IMPROVEMENT CORPORATION