CAYUGA ECONOMIC DEVELOPMENT AGENCY INC (EIN 800516549) - 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

2009

Legal Domicile

Principal Officer

CYNTHIA AIKMAN

Phone

3152527291

Tax Period

2023-01-01 to 2023-12-31

CAYUGA ECONOMIC DEVELOPMENT AGENCY INC, founded in 2009, is a small nonprofit in the Community Improvement sector that reported $589K in total revenue in fiscal year 2023. Revenue grew 20% year-over-year, indicating healthy expansion. The organization ran a surplus of $122K, a strong 21% operating margin.

Mission

TO FOSTER A SUSTAINABLE QUALITY OF LIFE IN CAYUGA COUNTY THROUGH JOB RETENTION, EXPANSION AND ATTRACTION.

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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 $0

Program Service Revenue $572,966

Investment Income $26

Other Revenue $16,342

TOTAL REVENUE $589,334

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $343,195

Other Expenses $467,827

TOTAL EXPENSES $467,827

Year-over-Year Comparison

	2023	2022	Change
Revenue	$589,334	$492,657	+0.2%
Expenses	$467,827	$393,539	+0.2%
Net Income	$121,507	$99,118	+0.2%

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
RYAN PINE	CHAIR	2.00	Officer Director	$0	$0	$0
CYNTHIA AIKMAN	VICE-CHAIR	2.00	Officer Director	$0	$0	$0
GWEN WEBBER-MCLEOD	TREASURER	2.00	Officer Director	$0	$0	$0
SUE EDINGER	SECRETARY	2.00	Officer Director	$0	$0	$0
RAYMOND LOCKWOOD	DIRECTOR	2.00	Director	$0	$0	$0
JEFF DYGERT	DIRECTOR	2.00	Director	$0	$0	$0
JIM DACEY	DIRECTOR	2.00	Director	$0	$0	$0
DOUG SPRINGER	DIRECTOR	2.00	Director	$0	$0	$0
AILEEN MCNABB-COLEMAN	DIRECTOR	2.00	Director	$0	$0	$0
DEMETRIUS MURPHY	DIRECTOR	2.00	Director	$0	$0	$0
DR BRIAN HARTWELL	DIRECTOR	2.00	Director	$0	$0	$0
KEVIN MILES	DIRECTOR	2.00	Director	$0	$0	$0
MITCH MANNICIA	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
2023	$589,334	$467,827	$489,713	$121,507
2022	$492,657	$393,539	$379,092	$99,118
2021	$385,302	$451,910	$367,225	$-66,608
2020	$333,378	$347,251	$558,518	$-13,873
2019	$354,587	$382,212	$410,145	$-27,625
2018	$407,525	$355,189	$373,820	$52,336

CAYUGA ECONOMIC DEVELOPMENT AGENCY INC