Finger Lakes Clothing Center Inc (EIN 883111669) - 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

2022

Legal Domicile

Principal Officer

David H Garman

Phone

3155313063

Tax Period

2024-01-01 to 2024-12-31

Finger Lakes Clothing Center Inc, founded in 2022, is a small nonprofit in the Human Services sector that reported $205K in total revenue in fiscal year 2024. The organization ran a surplus of $82K, a strong 40% operating margin.

Mission

The Corporation mission is to collect, sort, bag and distribute new and used clothing for other Not-for-Profit organizationa and individuals in need.

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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 (2024)

Revenue Breakdown

Contributions & Grants $196,689

Program Service Revenue $8,228

Investment Income $0

Other Revenue $0

TOTAL REVENUE $204,917

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,981

Fundraising Expenses $0

Other Expenses $117,141

TOTAL EXPENSES $123,122

Year-over-Year Comparison

	2024	2023	Change
Revenue	$204,917	$193,060	+0.1%
Expenses	$123,122	$62,330	+1.0%
Net Income	$81,795	$130,730	-0.4%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Roy H Sensenig	Chairman	004.00	Director	$0	$0	$0
David M Horst	Vice Chairman	004.00	Director	$0	$0	$0
Nelson R Wise	Secretary	004.00	Director	$0	$0	$0
David H Garman	Treasurer	004.00	Director	$0	$0	$0
Raymond N Martin	Director	004.00	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	$204,917	$123,122	$340,311	$81,795
2023	$193,060	$62,330	$334,889	$130,730
2022	$143,690	$3,369	$381,668	$140,321

Finger Lakes Clothing Center Inc