FINGER LAKES REUSE INC

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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

Principal Officer

DIANE COHEN

Phone

6072579699

Tax Period

2023-01-01 to 2023-12-31

FINGER LAKES REUSE INC, founded in 2007, is a community nonprofit in the Environment sector that reported $3.2M in total revenue in fiscal year 2023.

Mission

ENHANCING COMMUNITY, ECONOMY AND ENVIRONMENT THROUGH REUSE.

Program Service Accomplishments

Program 1

Expenses: $2,708,058 Revenue: $2,510,754

COMMUNITY REUSE CENTERS: OPEN TO THE PUBLIC DAILY, FINGER LAKES REUSE CONTINUED TO OPERATE TWO LOCATIONS. THESE CENTERS PROVIDE A CONVENIENT, ACCESSIBLE LOCATION WHERE ANYONE CAN DONATE REUSABLE...

COMMUNITY REUSE CENTERS: OPEN TO THE PUBLIC DAILY, FINGER LAKES REUSE CONTINUED TO OPERATE TWO LOCATIONS. THESE CENTERS PROVIDE A CONVENIENT, ACCESSIBLE LOCATION WHERE ANYONE CAN DONATE REUSABLE MATERIALS, PURCHASE AFFORDABLE GOODS, ENGAGE IN JOB TRAINING OPPORTUNITIES, AND LEARN REUSE-RELATED SKILLS. SHOPPERS MADE AN ESTIMATED 188,529 VISITS TO REUSE COMMUNITY CENTERS IN 2023. 772,105 ITEMS, AN ESTIMATED 1,285 TONS OF MATERIALS WERE DIVERTED FROM POTENTIALLY ENDING UP IN LANDFILLS THIS YEAR, A POTENTIAL SAVINGS OF $123,360 IN WASTE FEES TO TOMPKINS COUNTY RESIDENTS.

Program 2

Expenses: $63,478 Revenue: $0

COMMUNITY EDUCATION AND OUTREACH: THE RESET (REUSE SKILLS AND EMPLOYMENT TRAINING) PROGRAM PROVIDES FREE JOB SKILLS TRAINING OPPORTUNITIES AS WELL AS SEVERAL PAID APPRENTICESHIP OPPORTUNITIES EACH...

COMMUNITY EDUCATION AND OUTREACH: THE RESET (REUSE SKILLS AND EMPLOYMENT TRAINING) PROGRAM PROVIDES FREE JOB SKILLS TRAINING OPPORTUNITIES AS WELL AS SEVERAL PAID APPRENTICESHIP OPPORTUNITIES EACH YEAR FOR LOCAL PEOPLE WHO ARE UNDER-EMPLOYED, LOW-INCOME OR ARE EXPERIENCING BARRIERS TO EMPLOYMENT. IN 2023 TRAININGS WERE OFFERED IN RETAIL CUSTOMER SERVICE AND GREEN JOB SKILLS, WITH 34 PARTICIPANTS.

Program 3

Expenses: $34,175 Revenue: $113

ECENTER COMPUTER REPAIR AND REFURBISHMENT: THIS PROGRAM REDUCES THE VOLUME OF WASTE CAUSED BY COMPUTER AND ELECTRONICS RECYCLING AND DISPOSAL AND HELPS SUPPLY LOW-INCOME FAMILIES, LOCAL NONPROFITS...

ECENTER COMPUTER REPAIR AND REFURBISHMENT: THIS PROGRAM REDUCES THE VOLUME OF WASTE CAUSED BY COMPUTER AND ELECTRONICS RECYCLING AND DISPOSAL AND HELPS SUPPLY LOW-INCOME FAMILIES, LOCAL NONPROFITS AND THE GENERAL PUBLIC WITH LOW-COST COMPUTERS AND TECHNICAL SUPPORT.IN 2023, 1,652 REFURBISHED DESKTOPS, LAPTOPS, TABLETS AND CELLPHONES WERE MADE AVAILABLE LOCALLY THROUGH FINGER LAKES REUSE CENTERS.

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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 $687,348

Program Service Revenue $63,121

Investment Income $53

Other Revenue $2,447,746

TOTAL REVENUE $3,198,268

Expense Breakdown

Grants Paid $8,432

Salaries & Benefits $2,529,710

Fundraising Expenses $1,370

Program Expenses $2,983,215

Other Expenses $942,358

TOTAL EXPENSES $3,480,500

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,198,268	$3,196,635	+0.0%
Expenses	$3,480,500	$3,498,286	0.0%
Net Income	$-282,232	$-301,651	-0.1%

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

127

Volunteers

408

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

$95,077

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARSHALL MCCORMICK	DIRECTOR	2.00	Director	$0	$0	$0
JODIE HERBERT	DIRECTOR	2.00	Director	$0	$0	$0
JOHN LEMLEY	DIRECTOR	2.00	Director	$0	$0	$0
MEGAN MCDONALD	DIRECTOR	2.00	Director	$0	$0	$0
JAN RHODES NORMAN	DIRECTOR	2.00	Director	$0	$0	$0
PATRICIA BROWN	TREASURER & SECRETARY	2.00	Officer Director	$0	$0	$0
MARIA THOMADAKI	DIRECTOR	2.00	Director	$0	$0	$0
YAYOI KOIZUMI	DIRECTOR	2.00	Director	$0	$0	$0
GIDEON STONE	PRESIDENT	2.00	Officer Director	$0	$0	$0
DIANE COHEN	CHIEF EXECUTIVE OFFICER	40.00	Officer	$85,763	$9,314	$95,077

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	$3,198,268	$3,480,500	$1,792,311	$-282,232
2022	$3,196,635	$3,498,286	$2,214,196	$-301,651
2021	$3,045,475	$3,107,288	$1,994,394	$-61,813
2020	$2,336,106	$2,566,353	$2,108,150	$-230,247
2019	$2,113,759	$2,023,077	$2,177,299	$90,682
2018	$1,725,732	$1,779,804	$2,260,102	$-54,072