FINGER LAKES WORKFORCE INVESTMENT BOARD (EIN 300135156) - 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

2003

Legal Domicile

Principal Officer

MARY BETH PHILLIPS

Phone

3157893131

Tax Period

2024-07-01 to 2025-06-30

FINGER LAKES WORKFORCE INVESTMENT BOARD, founded in 2003, is a community nonprofit in the Employment sector that reported $2.1M in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion.

Mission

TO IMPROVE THE ECONOMIC WELL-BEING OF JOB SEEKERS AND EMPLOYERS IN THE REGION BY ALIGNING HUMAN POTENTIAL WITH OPPORTUNITIES IN THE WORKPLACE FOR THE RESIDENTS OF ONTARIO, SENECA, WAYNE, AND YATES COUNTIES IN THE STATE OF NEW YORK.

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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 $2,058,514

Program Service Revenue $0

Investment Income $0

Other Revenue $14,748

TOTAL REVENUE $2,073,262

Expense Breakdown

Grants Paid $0

Salaries & Benefits $579,750

Fundraising Expenses $0

Program Expenses $1,937,224

Other Expenses $1,507,064

TOTAL EXPENSES $2,086,814

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,073,262	$1,780,106	+0.2%
Expenses	$2,086,814	$1,889,020	+0.1%
Net Income	$-13,552	$-108,914	-0.9%

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

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

$211,103

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTI ROLLO	VICE-CHAIR	1.00	Officer Director	$0	$0	$0
DR ROBERT NYE	VICE-CHAIR	1.00	Officer Director	$0	$0	$0
KARA SILKIEWICZ	TREASURER	1.00	Officer Director	$0	$0	$0
PETER BEKISZ	CHAIR	11.00	Officer Director	$0	$0	$0
MICHAEL RUSINKO	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBERT COYNE	BOARD MEMBER	1.00	Director	$0	$0	$0
THOMAS FACER	BOARD MEMBER	1.00	Director	$0	$0	$0
JENNIFER DEVAULT	BOARD MEMBER	1.00	Director	$0	$0	$0
ALEJANDRO MENDOZA	BOARD MEMBER	1.00	Director	$0	$0	$0
ANDY DOHSE	BOARD MEMBER	1.00	Director	$0	$0	$0
BRIAN FORREST	BOARD MEMBER	1.00	Director	$0	$0	$0
ERICA WRIGHT	BOARD MEMBER	1.00	Director	$0	$0	$0
ERNEST BROWNELL	BOARD MEMBER	1.00	Director	$0	$0	$0
GABRIELLE SIMMONS	BOARD MEMBER	1.00	Director	$0	$0	$0
JESSICA JOLLY	BOARD MEMBER	1.00	Director	$0	$0	$0
KATHY BAKER	BOARD MEMBER	1.00	Director	$0	$0	$0
LUCINDA TRASK	BOARD MEMBER	1.00	Director	$0	$0	$0
LYNNE RUTNIK	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL KAUFFMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHELLE JUNGERMANN	BOARD MEMBER	1.00	Director	$0	$0	$0
MIKE DAVIS	BOARD MEMBER	1.00	Director	$0	$0	$0
MINDY LAURSEN	BOARD MEMBER	1.00	Director	$0	$0	$0
RANDI DIANTONIO	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBERT DOEBLIN	BOARD MEMBER	1.00	Director	$0	$0	$0
RYAN DAVIS	BOARD MEMBER	1.00	Director	$0	$0	$0
SARA BRUZEE	BOARD MEMBER	1.00	Director	$0	$0	$0
SARAH PURDY	BOARD MEMBER	1.00	Director	$0	$0	$0
STEVE CLEMENSON	BOARD MEMBER	1.00	Director	$0	$0	$0
ZACHARY BROOKS	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL WOLOSON	INTERIM EXECUTIVE DIRECTOR	37.50	Officer	$75,268	$1,295	$76,563
ANDREA BADGER	DIRECTOR OF OPERATIONS	37.50	Officer	$72,817	$4,553	$77,370
E LYNN FREID	EXECUTIVE DIRECTOR (FORMER)	37.50	Officer	$52,023	$5,147	$57,170
MARY BETH PHILLIPS	EXECUTIVE DIRECTOR (CURRENT)	37.50	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
2025	$2,073,262	$2,086,814	$228,443	$-13,552
2024	$1,780,106	$1,889,020	$164,180	$-108,914
2023	$1,695,965	$1,651,331	$239,629	$44,634
2022	$1,741,472	$1,838,210	$371,639	$-96,738
2021	$2,208,231	$2,209,163	$556,110	$-932
2020	$2,000,978	$2,008,191	$592,355	$-7,213
2019	$1,742,008	$1,741,537	$394,534	$471
2018	$1,631,516	$1,634,788	$382,493	$-3,272

FINGER LAKES WORKFORCE INVESTMENT BOARD