Chemung Schuyler Steuben Workforce Development Inc
Chemung Schuyler Steuben Workforce Development Inc: Strong Program Spending, Limited Reserves
EIN: 222520370 · Corning, NY · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $2.3M |
| Total Expenses | $2.3M |
| Program Spending | 90% |
| Net Assets | $-47,764 |
| Transparency Score | 85/100 |
Is Chemung Schuyler Steuben Workforce Development Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Chemung Schuyler Steuben Workforce Development Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Chemung Schuyler Steuben Workforce Development Inc
Chemung Schuyler Steuben Workforce Development Inc (EIN: 222520370) is a nonprofit organization based in Corning, NY. The organization reported total revenue of $2.3M and total assets of $348K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Chemung Schuyler Steuben Workforce Development Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Chemung Schuyler Steuben Workforce Development Inc is a mid-size nonprofit that has been operating for 41 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -2.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.1M |
| Total Expenses | $2.3M |
| Surplus / Deficit | $-162,583 |
| Total Assets | $312K |
| Total Liabilities | $360K |
| Net Assets | $-47,764 |
| Operating Margin | -7.6% |
| Debt-to-Asset Ratio | 115.3% |
| Months of Reserves | 1.6 months |
Financial Health Grade: D
In 2023, Chemung Schuyler Steuben Workforce Development Inc reported a deficit of $163K with expenses exceeding revenue, holds 1.6 months of operating reserves (limited), has a debt-to-asset ratio of 115.3% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Chemung Schuyler Steuben Workforce Development Inc's revenue has declined at a compound annual growth rate (CAGR) of -2.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +11.5% | +21.3% | +34.3% |
| 2022 | -3.9% | -2.3% | -34.3% |
| 2021 | -2.5% | -3.4% | +7.4% |
| 2020 | +22.1% | +18.0% | +247.8% |
| 2019 | +6.2% | +9.0% | +22.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1985 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Chemung Schuyler Steuben Workforce Development Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Chemung Schuyler Steuben Workforce Development Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $163K, with expenses exceeding revenue.
- Debt-to-asset ratio: 115.3%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, suggesting either pro-bono leadership or compensation is reported under other expense categories, requiring deeper scrutiny of their Form 990s.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Chemung Schuyler Steuben Workforce Development Inc's IRS 990 filings:
- Consistent 0% reported executive compensation across all years raises questions about how leadership is compensated or if this data point is incomplete.
- The organization's assets are relatively low compared to its annual revenue, with 2023 assets at $312,102 against $2,149,430 in revenue, indicating limited financial reserves.
Strengths
The following positive indicators were identified for Chemung Schuyler Steuben Workforce Development Inc:
- The organization consistently spends a high percentage of its budget on programs, as evidenced by expenses often closely matching or exceeding revenue in several years.
- Revenue has shown consistent performance over the years, with 2023 revenue at $2,149,430, demonstrating stable funding.
- The organization has a long history of financial filings, indicating consistent operation and reporting.
Frequently Asked Questions about Chemung Schuyler Steuben Workforce Development Inc
Is Chemung Schuyler Steuben Workforce Development Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Chemung Schuyler Steuben Workforce Development Inc (EIN: 222520370) some concerns. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
How does Chemung Schuyler Steuben Workforce Development Inc spend its money?
Chemung Schuyler Steuben Workforce Development Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Chemung Schuyler Steuben Workforce Development Inc tax-deductible?
Chemung Schuyler Steuben Workforce Development Inc is registered as a tax-exempt nonprofit (EIN: 222520370). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Chemung Schuyler Steuben Workforce Development Inc's spending goes to programs?
Chemung Schuyler Steuben Workforce Development Inc directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Chemung Schuyler Steuben Workforce Development Inc located?
Chemung Schuyler Steuben Workforce Development Inc is headquartered in Corning, New York and files with the IRS under EIN 222520370.
How many years of IRS 990 filings does Chemung Schuyler Steuben Workforce Development Inc have?
Chemung Schuyler Steuben Workforce Development Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $2.3M in total revenue.
What does Chemung Schuyler Steuben Workforce Development Inc do?
Chemung Schuyler Steuben Workforce Development Inc is a nonprofit organization in the Unknown sector, located in Corning, New York. It is classified under NTEE code Unknown.
How much revenue does Chemung Schuyler Steuben Workforce Development Inc have?
Chemung Schuyler Steuben Workforce Development Inc reported total revenue of $2,339,500. Based on 13 IRS 990 filings on record.
What are Chemung Schuyler Steuben Workforce Development Inc's total assets?
Chemung Schuyler Steuben Workforce Development Inc holds total assets of $347,980 as reported in IRS 990 filings.
Where is Chemung Schuyler Steuben Workforce Development Inc located?
Chemung Schuyler Steuben Workforce Development Inc is based in Corning, New York.
What is Chemung Schuyler Steuben Workforce Development Inc's EIN?
Chemung Schuyler Steuben Workforce Development Inc's Employer Identification Number (EIN) is 222520370. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Chemung Schuyler Steuben Workforce Development Inc?
Chemung Schuyler Steuben Workforce Development Inc is classified under NTEE code Unknown (Unknown).
Is Chemung Schuyler Steuben Workforce Development Inc a registered 501(c)(3)?
Chemung Schuyler Steuben Workforce Development Inc appears in IRS records (EIN: 222520370). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Chemung Schuyler Steuben Workforce Development Inc file IRS Form 990?
Yes, Chemung Schuyler Steuben Workforce Development Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Chemung Schuyler Steuben Workforce Development Inc's revenue in 2023?
In the 202306 filing period, Chemung Schuyler Steuben Workforce Development Inc reported total revenue of $2,149,430, total expenses of $2,312,013, and net assets of $312,102.
Is Chemung Schuyler Steuben Workforce Development Inc's revenue growing or declining?
Chemung Schuyler Steuben Workforce Development Inc's revenue is growing. Revenue went from $1,927,056 (202206) to $2,149,430 (202306), a +11.5% change. Based on 13 filings on record.
What is Chemung Schuyler Steuben Workforce Development Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Chemung Schuyler Steuben Workforce Development Inc covers tax period 202306. It shows revenue of $2,149,430, expenses of $2,312,013, total assets of $312,102, and liabilities of $359,866.
How much does Chemung Schuyler Steuben Workforce Development Inc spend on programs vs administration?
Based on IRS 990 analysis, Chemung Schuyler Steuben Workforce Development Inc allocates approximately 90% of expenses to program services, 5% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Chemung Schuyler Steuben Workforce Development Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Chemung Schuyler Steuben Workforce Development Inc appears trustworthy. Mission Score: 85/100 (Excellent). 2 red flags identified. 3 strengths noted.
What are the red flags for Chemung Schuyler Steuben Workforce Development Inc?
The following concerns were identified: Consistent 0% reported executive compensation across all years raises questions about how leadership is compensated or if this data point is incomplete.. The organization's assets are relatively low compared to its annual revenue, with 2023 assets at $312,102 against $2,149,430 in revenue, indicating limited financial reserves.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Chemung Schuyler Steuben Workforce Development Inc's strengths?
Positive indicators for Chemung Schuyler Steuben Workforce Development Inc include: The organization consistently spends a high percentage of its budget on programs, as evidenced by expenses often closely matching or exceeding revenue in several years.. Revenue has shown consistent performance over the years, with 2023 revenue at $2,149,430, demonstrating stable funding.. The organization has a long history of financial filings, indicating consistent operation and reporting.. These findings are derived from AI analysis of the organization's financial filings.
How does Chemung Schuyler Steuben Workforce Development Inc compensate executives?
Executive compensation is reported as 0% across all available filings, suggesting either pro-bono leadership or compensation is reported under other expense categories, requiring deeper scrutiny of their Form 990s. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent reporting of 0% executive compensation, how does the organization attract and retain leadership, and where are these costs accounted for in their financial statements?
Without access to the full Form 990s, it's unclear if leadership is entirely volunteer-based, compensated through a related entity, or if compensation is embedded within other expense lines, which would require a detailed review of their expense categories beyond the summary data provided.
With assets consistently lower than annual revenue (e.g., $312,102 in assets vs. $2,149,430 in revenue for 2023), what is the organization's strategy for financial resilience and managing unexpected operational disruptions?
The low asset-to-revenue ratio suggests the organization operates with minimal reserves, potentially relying heavily on continuous funding streams. This could indicate a lean operational model focused on immediate program delivery, but also a vulnerability to funding fluctuations or unforeseen expenses.
Filing History
IRS 990 filing history for Chemung Schuyler Steuben Workforce Development Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Chemung Schuyler Steuben Workforce Development Inc's revenue has declined by 29.4%, moving from $3.0M to $2.1M. Total assets decreased by 20.7% over the same period, from $393K to $312K. Total functional expenses fell by 24.1%, from $3.0M to $2.3M. In its most recent filing year (2023), Chemung Schuyler Steuben Workforce Development Inc reported a deficit of $163K, with expenses exceeding revenue. The organization holds $360K in liabilities against $312K in assets (debt-to-asset ratio: 115.3%), resulting in net assets of $-47,764.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.1M | $2.3M | $312K | $360K | — | View 990 |
| 2022 | $1.9M | $1.9M | $232K | $118K | — | View 990 |
| 2021 | $2.0M | $2.0M | $354K | $260K | — | — |
| 2020 | $2.1M | $2.0M | $329K | $291K | — | View 990 |
| 2019 | $1.7M | $1.7M | $95K | $95K | — | View 990 |
| 2018 | $1.6M | $1.6M | $77K | $51K | — | View 990 |
| 2017 | $1.9M | $1.9M | $108K | $98K | — | View 990 |
| 2016 | $2.0M | $2.0M | $101K | $89K | — | View 990 |
| 2015 | $2.4M | $2.4M | $77K | $27K | — | View 990 |
| 2014 | $2.8M | $2.8M | $158K | $113K | — | View 990 |
| 2013 | $2.6M | $2.6M | $123K | $97K | — | View 990 |
| 2012 | $2.3M | $2.3M | $56K | $49K | — | View 990 |
| 2011 | $3.0M | $3.0M | $393K | $387K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.1M, expenses of $2.3M, and assets of $312K (revenue +11.5% year-over-year).
- 2022: Revenue of $1.9M, expenses of $1.9M, and assets of $232K (revenue -3.9% year-over-year).
- 2021: Revenue of $2.0M, expenses of $2.0M, and assets of $354K (revenue -2.5% year-over-year).
- 2020: Revenue of $2.1M, expenses of $2.0M, and assets of $329K (revenue +22.1% year-over-year).
- 2019: Revenue of $1.7M, expenses of $1.7M, and assets of $95K (revenue +6.2% year-over-year).
- 2018: Revenue of $1.6M, expenses of $1.6M, and assets of $77K (revenue -15.1% year-over-year).
- 2017: Revenue of $1.9M, expenses of $1.9M, and assets of $108K (revenue -6.0% year-over-year).
- 2016: Revenue of $2.0M, expenses of $2.0M, and assets of $101K (revenue -18.6% year-over-year).
- 2015: Revenue of $2.4M, expenses of $2.4M, and assets of $77K (revenue -12.2% year-over-year).
- 2014: Revenue of $2.8M, expenses of $2.8M, and assets of $158K (revenue +8.2% year-over-year).
- 2013: Revenue of $2.6M, expenses of $2.6M, and assets of $123K (revenue +10.3% year-over-year).
- 2012: Revenue of $2.3M, expenses of $2.3M, and assets of $56K (revenue -23.4% year-over-year).
- 2011: Revenue of $3.0M, expenses of $3.0M, and assets of $393K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Chemung Schuyler Steuben Workforce Development Inc:
Data Sources and Methodology
This transparency report for Chemung Schuyler Steuben Workforce Development Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.