SKANEATELES LAKE ASSOCIATION INC (EIN 237045486) - 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

1969

Legal Domicile

Principal Officer

RICHARD HOLE

Phone

3154272687

Tax Period

2023-01-01 to 2023-12-31

SKANEATELES LAKE ASSOCIATION INC, founded in 1969, is a small nonprofit that reported $487K in total revenue in fiscal year 2023. Expenses of $623K exceeded revenue, resulting in a 28% operating deficit.

Mission

OUR MISSION IS TO PROMOTE PROTECTION OF THE WATER QUALITY OF SKANEATELES LAKE AND ENVIRONMENTALLY SOUND REGIONAL MANAGEMENT OF ITS WATERSHED.

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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 $464,505

Program Service Revenue $0

Investment Income $22,980

Other Revenue $0

TOTAL REVENUE $487,485

Expense Breakdown

Grants Paid $0

Salaries & Benefits $164,873

Fundraising Expenses $41,931

Program Expenses $548,996

Other Expenses $458,439

TOTAL EXPENSES $623,312

Year-over-Year Comparison

	2023	2022	Change
Revenue	$487,485	$467,115	+0.0%
Expenses	$623,312	$651,304	0.0%
Net Income	$-135,827	$-184,189	-0.3%

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

1650

Independent Members

1650

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

$74,686

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAUL F TORRISI MD	PRESIDENT	5.00	Officer Director	$0	$0	$0
BUZZ ROBERTS MD	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
RICHARD D HOLE ESQ	TREASURER	5.00	Officer Director	$0	$0	$0
PATRICIA ORR	SECRETARY	5.00	Officer Director	$0	$0	$0
DAVID ALLYN	DIRECTOR	2.00	Director	$0	$0	$0
WILLIAM DEAN PHD	DIRECTOR	2.00	Director	$0	$0	$0
JED DELMONICO	DIRECTOR	2.00	Director	$0	$0	$0
JD DELMONICO MBA	DIRECTOR	2.00	Director	$0	$0	$0
ROBERT DEWITT	DIRECTOR	2.00	Director	$0	$0	$0
CHARLES DRISCOLL PHD	DIRECTOR	2.00	Director	$0	$0	$0
FRAN FISH RN MS	DIRECTOR	2.00	Director	$0	$0	$0
DAVE BIRCHENOUGH	DIRECTOR	2.00	Director	$0	$0	$0
DANA HALL PHD	DIRECTOR	2.00	Director	$0	$0	$0
WILLIAM HECHT MS	DIRECTOR	2.00	Director	$0	$0	$0
BRIAN J HARKINS	DIRECTOR	2.00	Director	$0	$0	$0
CORNELIUS B MURPHY JR PHD	DIRECTOR	2.00	Director	$0	$0	$0
DEBORAH M HOLE MS	DIRECTOR	2.00	Director	$0	$0	$0
JAMES TIFFT MD	DIRECTOR	2.00	Director	$0	$0	$0
KIM PERSSE	DIRECTOR	2.00	Director	$0	$0	$0
PETER PLUMLEY PHD	DIRECTOR	2.00	Director	$0	$0	$0
KATE RYAN	DIRECTOR	2.00	Director	$0	$0	$0
JOSEPH E GRASSO MILR	DIRECTOR	2.00	Director	$0	$0	$0
FRANK H MOSES	EXECUTIVE DIRECTOR	40.00	Officer	$74,686	$0	$74,686

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	$487,485	$623,312	$795,895	$-135,827
2022	$467,115	$651,304	$915,153	$-184,189
2021	$644,365	$489,164	$1,117,069	$155,201
2020	$368,079	$508,600	$965,232	$-140,521
2019	$622,658	$458,192	$1,105,588	$164,466
2018	$1,013,364	$291,718	$941,122	$721,646

SKANEATELES LAKE ASSOCIATION INC