Finger Lakes Health Foundation Inc
Finger Lakes Health Foundation Inc. shows fluctuating revenues and expenses, with no reported officer compensation.
EIN: 150549310 · Geneva, NY · NTEE: E120 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $15.9M |
| Total Expenses | $4.8M |
| Program Spending | 80% |
| Net Assets | $29.4M |
| Transparency Score | 75/100 |
Is Finger Lakes Health Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Finger Lakes Health Foundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Finger Lakes Health Foundation Inc
Finger Lakes Health Foundation Inc (EIN: 150549310) is a nonprofit organization based in Geneva, NY, classified under NTEE code E120. The organization reported total revenue of $15.9M and total assets of $43.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Finger Lakes Health Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Finger Lakes Health Foundation Inc is a large nonprofit that has been operating for 32 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 9.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $7.0M |
| Total Expenses | $4.8M |
| Surplus / Deficit | +$2.3M |
| Total Assets | $41.6M |
| Total Liabilities | $12.3M |
| Net Assets | $29.4M |
| Operating Margin | 32.2% |
| Debt-to-Asset Ratio | 29.5% |
| Months of Reserves | 104.8 months |
Financial Health Grade: A
In 2023, Finger Lakes Health Foundation Inc reported a surplus of $2.3M with revenue exceeding expenses, holds 104.8 months of operating reserves (strong position), has a debt-to-asset ratio of 29.5% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Finger Lakes Health Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 9.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +125.2% | -40.3% | -4.1% |
| 2022 | +5.0% | +451.5% | -22.8% |
| 2021 | +1.2% | -78.4% | +16.6% |
| 2020 | +2.1% | +468.0% | -2.8% |
| 2019 | +16.1% | -2.3% | +17.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1994 |
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 Finger Lakes Health Foundation Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Finger Lakes Health Foundation Inc allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% 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 surplus of $2.3M, with revenue exceeding expenses.
- Debt-to-asset ratio: 29.5%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries or benefits are paid to its officers, which is a strong positive for minimizing overhead.
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 Finger Lakes Health Foundation Inc's IRS 990 filings:
- Inconsistent revenue streams with significant year-to-year fluctuations
- Expenses exceeding revenue in multiple reporting periods (e.g., 2022, 2020, 2016)
Strengths
The following positive indicators were identified for Finger Lakes Health Foundation Inc:
- No reported officer compensation, indicating low executive overhead
- Substantial asset base ($41,646,993 in 2023) providing financial stability
- Consistent IRS 990 filing history (13 filings) demonstrating compliance
- Significant increase in revenue in the latest period ($7,034,460 in 2023)
Frequently Asked Questions about Finger Lakes Health Foundation Inc
Is Finger Lakes Health Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Finger Lakes Health Foundation Inc (EIN: 150549310) some concerns. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
How does Finger Lakes Health Foundation Inc spend its money?
Finger Lakes Health Foundation Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Finger Lakes Health Foundation Inc tax-deductible?
Finger Lakes Health Foundation Inc is registered as a tax-exempt nonprofit (EIN: 150549310). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Finger Lakes Health Foundation Inc's spending goes to programs?
Finger Lakes Health Foundation Inc directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Finger Lakes Health Foundation Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Finger Lakes Health Foundation Inc is above average for NTEE category E120 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Finger Lakes Health Foundation Inc located?
Finger Lakes Health Foundation Inc is headquartered in Geneva, New York and files with the IRS under EIN 150549310. It is classified under NTEE code E120.
How many years of IRS 990 filings does Finger Lakes Health Foundation Inc have?
Finger Lakes Health Foundation 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 $15.9M in total revenue.
Is Finger Lakes Health Foundation Inc. financially stable?
While the organization has substantial assets ($41,646,993 in 2023), its revenue and expense figures have fluctuated significantly, with expenses exceeding revenue in several periods (e.g., 2022, 2020, 2016). This suggests operational stability may rely on its asset base rather than consistent annual surpluses.
How does the organization manage its executive compensation?
The organization reports 0% officer compensation in all available filings, indicating a highly efficient approach to executive pay and a potential reliance on volunteer leadership or compensation through an affiliated entity not captured in this specific filing's officer compensation section.
What is the trend in the organization's revenue?
Revenue has shown significant variability, from a low of $813,837 in 2014 to a high of $7,034,460 in 2023, with an outlier of $15,908,720 in the latest reported revenue. This indicates an inconsistent funding stream, possibly due to large one-time donations or grants.
Are there any concerns about the organization's liabilities?
Liabilities have ranged from $11,070,226 (2020) to $21,000,186 (2016). In 2023, liabilities were $12,269,676, which is manageable given its assets of $41,646,993, maintaining a healthy asset-to-liability ratio.
Filing History
IRS 990 filing history for Finger Lakes Health Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Finger Lakes Health Foundation Inc's revenue has grown by 210.7%, moving from $2.3M to $7.0M. Total assets increased by 20.4% over the same period, from $34.6M to $41.6M. Total functional expenses rose by 225%, from $1.5M to $4.8M. In its most recent filing year (2023), Finger Lakes Health Foundation Inc reported a surplus of $2.3M, with revenue exceeding expenses. The organization holds $12.3M in liabilities against $41.6M in assets (debt-to-asset ratio: 29.5%), resulting in net assets of $29.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $7.0M | $4.8M | $41.6M | $12.3M | — | — |
| 2022 | $3.1M | $8.0M | $43.4M | $15.8M | — | View 990 |
| 2021 | $3.0M | $1.4M | $56.2M | $14.1M | — | View 990 |
| 2020 | $2.9M | $6.7M | $48.2M | $11.1M | — | View 990 |
| 2019 | $2.9M | $1.2M | $49.6M | $12.1M | — | View 990 |
| 2018 | $2.5M | $1.2M | $42.4M | $12.6M | — | View 990 |
| 2017 | $1.7M | $1.2M | $47.6M | $13.7M | — | View 990 |
| 2016 | $993K | $4.1M | $48.6M | $21.0M | — | View 990 |
| 2015 | $1.2M | $1.2M | $44.5M | $17.2M | — | View 990 |
| 2014 | $814K | $1.4M | $45.0M | $16.8M | — | View 990 |
| 2013 | $2.2M | $1.3M | $43.5M | $16.8M | — | View 990 |
| 2012 | $2.2M | $16.8M | $35.3M | $16.0M | — | View 990 |
| 2011 | $2.3M | $1.5M | $34.6M | $3.8M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $7.0M, expenses of $4.8M, and assets of $41.6M (revenue +125.2% year-over-year).
- 2022: Revenue of $3.1M, expenses of $8.0M, and assets of $43.4M (revenue +5.0% year-over-year).
- 2021: Revenue of $3.0M, expenses of $1.4M, and assets of $56.2M (revenue +1.2% year-over-year).
- 2020: Revenue of $2.9M, expenses of $6.7M, and assets of $48.2M (revenue +2.1% year-over-year).
- 2019: Revenue of $2.9M, expenses of $1.2M, and assets of $49.6M (revenue +16.1% year-over-year).
- 2018: Revenue of $2.5M, expenses of $1.2M, and assets of $42.4M (revenue +46.8% year-over-year).
- 2017: Revenue of $1.7M, expenses of $1.2M, and assets of $47.6M (revenue +70.0% year-over-year).
- 2016: Revenue of $993K, expenses of $4.1M, and assets of $48.6M (revenue -15.5% year-over-year).
- 2015: Revenue of $1.2M, expenses of $1.2M, and assets of $44.5M (revenue +44.5% year-over-year).
- 2014: Revenue of $814K, expenses of $1.4M, and assets of $45.0M (revenue -63.6% year-over-year).
- 2013: Revenue of $2.2M, expenses of $1.3M, and assets of $43.5M (revenue +1.4% year-over-year).
- 2012: Revenue of $2.2M, expenses of $16.8M, and assets of $35.3M (revenue -2.6% year-over-year).
- 2011: Revenue of $2.3M, expenses of $1.5M, and assets of $34.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Finger Lakes Health Foundation Inc:
Data Sources and Methodology
This transparency report for Finger Lakes Health Foundation 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.