FUND FOR WOMEN OF THE SOUTHERN TIE… - Form 990 Financial Data

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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

AMY TRUXON

Phone

6075427558

Tax Period

2023-01-01 to 2023-12-31

FUND FOR WOMEN OF THE SOUTHERN TIER INC, founded in 2009, is a small nonprofit in the Education sector that reported $190K in total revenue in fiscal year 2023. Revenue surged 68% from the prior year, signaling strong growth momentum. The organization ran a surplus of $121K, a strong 64% operating margin.

Mission

THE ORGANIZATION ASSISTS GIRLS AND WOMEN ACHIEVE ECONOMIC SELF-SUFFICIENCY AND REALIZE LIFE GOALS THROUGH GRANTS IN THE AREAS OF EDUCATION, HEALTH, WELLNESS, CAREER, AND LIFE SKILLS.

Program Service Accomplishments

Program 1

Expenses: $62,376

THE ORGANIZATION ASSISTS GIRLS AND WOMEN ACHIEVE ECONOMIC SELF-SUFFICIENCY AND REALIZE LIFE GOALS THROUGH GRANTS IN THE AREAS OF EDUCATION, HEALTH, WELLNESS, CAREER AND LIFE SKILLS. THE ORGANIZATION DID THIS IN THREE WAYS IN 2023 1) THROUGH MAKING GRANTS TO THE FUND FOR WOMEN ENDOWMENT AT THE COMMUNITY FOUNDATION OF ELMIRA-CORNING AND THE FINGER LAKES. IN 2023 THE ORGANIZATION ADDED $20,000 TO THE ENDOWMENT. THE ORGANIZATION HAS A GRANT COMMITTEE THAT MAKES RECOMMENDATIONS TO THE COMMUNITY FOUNDATION FOR GRANT AWARDS TO INDIVIDUALS AND NOT-FOR-PROFITS. IN 2023, TOTAL GRANTS AWARDED BY THE COMMUNITY FOUNDATION FROM THE FUND FOR WOMEN ENDOWMENT AMOUNTED TO $80,205.2) THROUGH THE FUND FOR WOMEN EMPOWER GRANT TO AN AREA NON-PROFIT. THE FUND FOR WOMEN NAMED ARBOR HOUSING & DEVELOPMENT AS THE FIRST RECIPIENT OF THIS GRANT. IN 2023 THE ORGANIZATION GRANTED $25,000 TO ARBOR HOUSING & DEVELOPMENT. WOMEN WHO ARE RESIDENTS OF STEUBEN, CHEMUNG, SCHUYLER OR YATES COUNTIES AND RECEIVE CASE MANAGEMENT THROUGH ARBOR'S FAMILY SELF-SUFFICIENCY, DOMESTIC VIOLENCE, OR SUPPORTIVE HOUSING PROGRAMS CAN APPLY FOR AN INDIVIDUAL EMPOWER GRANT THROUGH ARBOR. GRANT AWARD DECISIONS WILL BE MADE BY A THREE-MEMBER COMMITTEE AND HAVE A MAXIMUM DISBURSEMENT OF $1,500 PER PERSON.3) THROUGH GRANTS TO INDIVIDUALS FROM THE MARY ALICE BOSSELER WIGS FOR CANCER PATIENTS FUND. THIS FUND ASSISTS WOMEN WHO ARE HAVING CANCER TREATMENTS WITH THE PURCHASE OF WIGS. IN 2023 $1,200 WAS AWARDED.

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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 $177,800

Program Service Revenue $0

Investment Income $3,022

Other Revenue $8,866

TOTAL REVENUE $189,688

Expense Breakdown

Grants Paid $46,200

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $62,376

Other Expenses $22,209

TOTAL EXPENSES $68,409

Year-over-Year Comparison

	2023	2022	Change
Revenue	$189,688	$112,693	+0.7%
Expenses	$68,409	$96,760	-0.3%
Net Income	$121,279	$15,933	+6.6%

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
AMY TRUXON	PRESIDENT	4.00	Officer Director	$0	$0	$0
SABEEN MUKHTAR	FIRST VICE PRESIDENT	4.00	Officer Director	$0	$0	$0
PENNY GREGG	SECOND VICE PRESIDENT	4.00	Officer Director	$0	$0	$0
KATHY STICKLER	TREASURER	4.00	Officer Director	$0	$0	$0
RITA BIESEN	SECRETARY	4.00	Officer Director	$0	$0	$0
SARA CICCOTTI	DIRECTOR	2.00	Director	$0	$0	$0
MARYBETH CONWELL	DIRECTOR	2.00	Director	$0	$0	$0
JUDY CORNFIELD	DIRECTOR	2.00	Director	$0	$0	$0
KRISTA MATIA	DIRECTOR	2.00	Director	$0	$0	$0
BARBARA MCLEAN	DIRECTOR	2.00	Director	$0	$0	$0
MISSY RITTENHOUSE	DIRECTOR	2.00	Director	$0	$0	$0
TALI SUTTON	DIRECTOR	2.00	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
2024	No data	No data	No data	No data
2023	$189,688	$68,409	$443,171	$121,279
2022	$112,693	$96,760	$321,892	$15,933
2021	$131,448	$104,933	$305,959	$26,515
2020	$179,479	$126,545	$279,444	$52,934
2019	$225,559	$139,772	$226,510	$85,787
2018	$205,664	$170,188	$140,723	$35,476

FUND FOR WOMEN OF THE SOUTHERN TIER INC