SUSTAINABLE FINGER LAKES 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

GAY NICHOLSON

Phone

6072721720

Tax Period

2023-01-01 to 2023-12-31

SUSTAINABLE FINGER LAKES INC, founded in 2007, is a small nonprofit in the Environment sector that reported $536K in total revenue in fiscal year 2023. Revenue surged 189% from the prior year, signaling strong growth momentum. The organization ran a surplus of $190K, a strong 35% operating margin.

Mission

Sustainable Finger Lakes has been a leader in laying the groundwork for the transition to a resilient local economy, healthy environment, and strong social fabric. We act as convener, connector, and catalyst to engage both the grassroots and policymakers in the work of redesigning how we work and live. See Sch O

Program Service Accomplishments

Program 1

Expenses: $216,607

WE LAUNCHED OUR CLEAN ENERGY EQUITY PILOT PROGRAM WITH GRANT FUNDING FROM NYSERDA TO PERSUADE ITHACA AREA LANDLORDS TO CONVERT FROM NATURAL GAS HEATING TO HEAT PUMPS FOR LOWER INCOME RENTAL UNITS...

WE LAUNCHED OUR CLEAN ENERGY EQUITY PILOT PROGRAM WITH GRANT FUNDING FROM NYSERDA TO PERSUADE ITHACA AREA LANDLORDS TO CONVERT FROM NATURAL GAS HEATING TO HEAT PUMPS FOR LOWER INCOME RENTAL UNITS. THE PROGRAM HAS FACED DELAYS CAUSED BY CHANGES TO NYSERDA WEBSITE PORTALS AND BACKLOGS WITH AREA INSTALLERS. ONLY TWO PROJECTS WERE COMPLETED IN 2023, BUT SEVERAL DOZEN ARE IN THE PIPELINE. WEVE HAD BETTER PROGRESS WITH OUR TOMPKINS COUNTY GRANT TO SUBSIDIZE HEAT PUMPS IN LOWER INCOME MOBILE HOMES ACROSS THE COUNTY. THIS CONVERSION IS ESPECIALLY COST SAVING FOR THOSE ON PROPANE OR FUEL OIL, AND 10 HEAT PUMPS WERE INSTALLED BY THE END OF 2023.

Program 2

Expenses: $63,538

WE AWARDED 7 FINGER LAKES CLIMATE FUND GRANTS IN 2023 TOTALING 13,421 IN AWARDS TO LOW INCOME HOUSEHOLDS THAT WILL PREVENT 671 TONS OF CO2 FROM ENTERING OUR ATMOSPHERE.

Program 3

Expenses: $8,664

OUR OTHER WORK WITH THE NEIGHBORHOOD MINI-GRANTS PROGRAM AND SIGNS OF SUSTAINABILITY COLUMN CONTINUED AS USUAL.

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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 $535,947

Program Service Revenue $0

Investment Income $72

Other Revenue $0

TOTAL REVENUE $536,019

Expense Breakdown

Grants Paid $91,550

Salaries & Benefits $182,817

Fundraising Expenses $2,129

Program Expenses $288,809

Other Expenses $71,556

TOTAL EXPENSES $345,923

Year-over-Year Comparison

	2023	2022	Change
Revenue	$536,019	$185,490	+1.9%
Expenses	$345,923	$260,954	+0.3%
Net Income	$190,096	$-75,464	-3.5%

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

N/A

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

$68,510

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GAY NICHOLSON	PRESIDENT	040.00	Officer Highest	$68,510	$0	$68,510
JESSICA SWINDON	CHAIR	005.00	Director	$0	$0	$0
JOEL RABINOWITZ	BOARD MEMBER	005.00	Director	$0	$0	$0
ROGER BECK	BOARD MEMBER	005.00	Director	$0	$0	$0
NEIL SCHILL	SECRETARY	005.00	Director	$0	$0	$0
CATHLEEN BANFORD	BOARD MEMBER	005.00	Director	$0	$0	$0
ALEX ANDRASKI	BOARD MEMBER	005.00	Director	$0	$0	$0
DAN ANTONIOLI	BOARD MEMBER	005.00	Director	$0	$0	$0
PETER MCDONALD	TREASURER	005.00	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	$536,019	$345,923	$234,978	$190,096
2022	$185,490	$260,954	$44,882	$-75,464
2021	$312,635	$273,869	$128,904	$38,766
2020	$248,305	$255,950	$90,138	$-7,645