ITHACA WELCOMES REFUGEES INC (EIN 821987282) - 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

2018

Legal Domicile

Principal Officer

CASEY VERDEROSA

Tax Period

2023-01-01 to 2023-12-31

ITHACA WELCOMES REFUGEES INC, founded in 2018, is a small nonprofit in the Human Services sector that reported $269K in total revenue in fiscal year 2023. The organization ran a surplus of $79K, a strong 29% operating margin.

Mission

Ithaca Welcomes Refugees partners with newly arrived refugees and immigrants as they rebuild their lives in Tompkins County.

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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 $259,543

Program Service Revenue $9,608

Investment Income $0

Other Revenue $0

TOTAL REVENUE $269,151

Expense Breakdown

Grants Paid $46,699

Salaries & Benefits $119,971

Fundraising Expenses $15,930

Program Expenses $146,131

Other Expenses $23,445

TOTAL EXPENSES $190,115

Year-over-Year Comparison

	2023	2022	Change
Revenue	$269,151	N/A	N/A
Expenses	$190,115	N/A	N/A
Net Income	$79,036	N/A	N/A

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

$61,886

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CASEY VERDEROSA	EXECUTIVE DIRECTOR	030.00	Officer	$38,850	$0	$38,850
BRONWYN LOSEY	DIRECTOR OF GLOBAL ROOTS PLAY SCHOOL	015.00	Officer	$23,036	$0	$23,036
DOUG STAYMAN	BOARD CHAIR	005.00	Officer Director	$0	$0	$0
BRIDGETTE NUGENT	BOARD SECRETARY	005.00	Officer Director	$0	$0	$0
FLORIANNA BLANTON	BOARD MEMBER	005.00	Director	$0	$0	$0
NATE FOSTER	BOARD MEMBER	005.00	Director	$0	$0	$0
MARY HUTCHENS	BOARD MEMBER	005.00	Director	$0	$0	$0
SAW THU KA EE	BOARD MEMBER	005.00	Director	$0	$0	$0
CHRISTINE LEMONDA	BOARD MEMBER	005.00	Director	$0	$0	$0
PEDRO MOLINA	BOARD MEMBER	005.00	Director	$0	$0	$0
KAREN SCHACHERE	BOARD MEMBER	005.00	Director	$0	$0	$0
THITIRAT BOONYANUPHONG	BOARD MEMBER	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	$269,151	$190,115	$195,695	$79,036

ITHACA WELCOMES REFUGEES INC