Downtown Ithaca Local Development Corporation (EIN 851612680) - 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

Tax Period

2023-01-01 to 2023-12-31

Downtown Ithaca Local Development Corporation, founded in 2003, is a community nonprofit in the Human Services sector that reported $1.5M in total revenue in fiscal year 2023. Revenue fell 39% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $1.1M, a strong 70% operating margin.

Mission

The Organization has as its single purpose to operate the Ithaca Downtown Conference Center.

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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 $1,495,450

Program Service Revenue $0

Investment Income $29,841

Other Revenue $0

TOTAL REVENUE $1,525,291

Expense Breakdown

Grants Paid $0

Salaries & Benefits $111,239

Fundraising Expenses $0

Program Expenses $355,962

Other Expenses $340,017

TOTAL EXPENSES $451,256

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,525,291	$2,520,538	-0.4%
Expenses	$451,256	$150,145	+2.0%
Net Income	$1,074,035	$2,370,393	-0.5%

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

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Suzanne Smith-Jablonski	Executive Director	40.00	Highest	$75,739	$0	$75,739
Greg Conard	Board member	1.00	Director	$0	$0	$0
Nick Helmholdt	Board member	1.00	Director	$0	$0	$0
Peggy Coleman	Board member	1.00	Director	$0	$0	$0
Nan Rohrer	Board member	1.00	Director	$0	$0	$0
Zachary Jones	Board member	1.00	Director	$0	$0	$0
Jennifer Tavares	President	1.00	Officer Director	$0	$0	$0
Tom Knipe	Treasurer	1.00	Officer Director	$0	$0	$0
Teri Tarshus	Vice President	1.00	Officer Director	$0	$0	$0
Cathy Hart	Secretary	1.00	Officer 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	$1,525,291	$451,256	$3,822,316	$1,074,035
2022	$2,520,538	$150,145	$2,645,002	$2,370,393
2021	$287,164	$347	$286,817	$286,817

Downtown Ithaca Local Development Corporation