Historic Ithaca Inc (EIN 237051773) - 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

1966

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

Historic Ithaca Inc, founded in 1966, is a small nonprofit that reported $743K in total revenue in fiscal year 2023. Revenue surged 77% from the prior year, signaling strong growth momentum. The organization ran a surplus of $264K, a strong 36% operating margin.

Mission

TO PROMOTE THE VALUE AND ENHANCEMENT OF OUR HISTORIC BUILDINGS AND NEIGHBORHOODS IN THE CITY OF ITHACA AND TOMPKINS COUNTY THROUGH EDUCATION, ADVOCACY AND ACTION.

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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 $596,051

Program Service Revenue $6,500

Investment Income $0

Other Revenue $140,599

TOTAL REVENUE $743,150

Expense Breakdown

Grants Paid $0

Salaries & Benefits $352,917

Fundraising Expenses $18,204

Program Expenses $366,833

Other Expenses $125,756

TOTAL EXPENSES $478,673

Year-over-Year Comparison

	2023	2022	Change
Revenue	$743,150	$420,929	+0.8%
Expenses	$478,673	$424,933	+0.1%
Net Income	$264,477	$-4,004	-67.1%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Susan Holland	Executive Director	40.00	Highest	$65,998	$0	$65,998
Nancy Brcak	Board Member	1.00	Director	$0	$0	$0
Noah Demarest	Board Member	1.00	Director	$0	$0	$0
Cindy Freidmutter	Board member	1.00	Director	$0	$0	$0
Abby Peterson	Secretary	1.00	Officer	$0	$0	$0
Kim Hazelton	President	3.00	Officer	$0	$0	$0
Linda Jaffe	Vice President	2.00	Officer	$0	$0	$0
Caren Rubin	Treasurer	1.00	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
2024	No data	No data	No data	No data
2023	$743,150	$478,673	$692,498	$264,477
2022	$420,929	$424,933	$356,701	$-4,004
2021	$409,890	$406,601	$373,396	$3,289
2020	$429,319	$381,404	$454,839	$47,915
2019	$408,797	$408,250	$262,239	$547
2018	$418,296	$442,304	$270,998	$-24,008

Historic Ithaca Inc