FRIENDS OF THE ITHACA YOUTH BUREAU

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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

2009

Legal Domicile

Principal Officer

ERIC NICHOLS

Phone

6072738364

Tax Period

2022-01-01 to 2022-12-31

FRIENDS OF THE ITHACA YOUTH BUREAU, founded in 2009, is a small nonprofit in the Youth Development sector that reported $384K in total revenue in fiscal year 2022. Revenue surged 160% from the prior year, signaling strong growth momentum. Expenses of $509K exceeded revenue, resulting in a 33% operating deficit.

Mission

TO PROMOTE POSITIVE, ENGAGING OPPORTUNITIES FOR YOUTH BY GRANT-MAKING TO ORGANIZATIONS AND PROGRAMS THAT SERVE THE COMMUNITY THROUGH YOUTH SPORTS AND YOUTH DEVELOPMENT PROGRAMS.

Program Service Accomplishments

Program 1

Expenses: $500,583 Revenue: $383,688

THE ORGANIZATION IS DEDICATED TO SUPPORTING THE ITHACA YOUTH BUREAU IN ITS ENDEAVORS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $383,526

Program Service Revenue $0

Investment Income $162

Other Revenue $0

TOTAL REVENUE $383,688

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $500,583

Other Expenses $508,906

TOTAL EXPENSES $508,906

Year-over-Year Comparison

	2022	2021	Change
Revenue	$383,688	$147,434	+1.6%
Expenses	$508,906	$76,567	+5.6%
Net Income	$-125,218	$70,867	-2.8%

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

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
JEFF LOVE	PRESIDENT	1.00	Officer Director	$0	$0	$0
ALLEN GREEN	SECRETARY	1.00	Officer Director	$0	$0	$0
ERIC NICHOLS	TREASURER	1.00	Officer Director	$0	$0	$0
MARY GRAINGER	MEMBER	1.00	Director	$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
2022	$383,688	$508,906	$454,644	$-125,218
2021	$147,434	$76,567	$579,862	$70,867
2020	$229,608	$121,750	$508,994	$107,858