Southern Tier Independence Center Inc

Southern Tier Independence Center Inc. consistently operates with healthy surpluses and reports no officer compensation.

EIN: 161204347 · Binghamton, NY · NTEE: P80Z · Updated: 2026-03-28

$19.2MRevenue

$16.6MAssets

92/100Mission Score (Excellent)

P80Z

About Southern Tier Independence Center Inc

Southern Tier Independence Center Inc (EIN: 161204347) is a nonprofit organization based in Binghamton, NY, classified under NTEE code P80Z. The organization reported total revenue of $19.2M and total assets of $16.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Southern Tier Independence Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Southern Tier Independence Center Inc. demonstrates a generally stable financial position with consistent revenue streams over the past decade, peaking at $22,490,373 in 2023. The organization consistently spends a significant portion of its revenue on expenses, indicating active program delivery. For instance, in 2023, expenses were $16,587,954 against revenues of $22,490,373, showing a healthy surplus. The organization's assets have also shown growth, from $6,741,541 in 2014 to $14,839,091 in 2023, suggesting prudent financial management and accumulation of resources. The consistent reporting of 0% officer compensation across all available filings is a notable indicator of transparency and potentially a volunteer-led or very lean executive structure, which is highly positive for a nonprofit.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Southern Tier Independence Center Inc with a Mission Score of 92 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: 10%
programs: 90%
fundraising: 0%

According to IRS 990 filings, Southern Tier Independence Center Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all available filings, indicating either a volunteer executive leadership or that executive salaries are categorized under general administrative expenses rather than specific officer compensation, which warrants further investigation for complete transparency.

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 Southern Tier Independence Center Inc's IRS 990 filings:

Lack of detailed breakdown for program vs. administrative expenses in provided data, making precise spending efficiency analysis challenging.
Consistent 0% officer compensation could indicate executive salaries are hidden in other expense categories, reducing transparency.

Strengths

The following positive indicators were identified for Southern Tier Independence Center Inc:

Consistent revenue growth, with revenue more than doubling from 2014 to 2023.
Healthy financial surpluses reported in most years, indicating good financial management.
Significant growth in assets, from $6.7 million in 2014 to $14.8 million in 2023.
Consistently low liabilities relative to assets, indicating strong solvency.
Reporting 0% officer compensation across all filings, suggesting a highly efficient or volunteer-driven leadership structure.

Frequently Asked Questions about Southern Tier Independence Center Inc

Is Southern Tier Independence Center Inc. a good charity?

Based on the available IRS 990 data, Southern Tier Independence Center Inc. appears to be a well-managed charity. It consistently generates surpluses, has growing assets, and reports 0% officer compensation, which are all positive indicators of financial health and commitment to its mission.

How has the organization's financial health changed over the last decade?

The organization has shown significant financial growth over the last decade. Revenue has increased from $9,952,384 in 2014 to $22,490,373 in 2023, and assets have more than doubled from $6,741,541 to $14,839,091 in the same period, indicating strong financial health and expansion.

What is the organization's approach to executive compensation?

The organization consistently reports 0% officer compensation in its IRS 990 filings. This suggests that either executive roles are entirely volunteer-based, or compensation for these roles is not reported under 'officer compensation' but rather within other expense categories, which would require deeper scrutiny of their detailed expense breakdown.

Does Southern Tier Independence Center Inc. have a strong program focus?

Given the consistent surpluses and the general nature of nonprofits, a significant portion of expenses is likely directed towards programs. Without a detailed breakdown of program vs. administrative expenses, it's difficult to give an exact percentage, but the overall financial health suggests effective program delivery.

Filing History

IRS 990 filing history for Southern Tier Independence Center Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Southern Tier Independence Center Inc's revenue has grown by 242.4%, moving from $6.6M to $22.5M. Total assets increased by 150.4% over the same period, from $5.9M to $14.8M. Total functional expenses rose by 147.2%, from $6.7M to $16.6M. In its most recent filing year (2023), Southern Tier Independence Center Inc reported a surplus of $5.9M, with revenue exceeding expenses. The organization holds $1.5M in liabilities against $14.8M in assets (debt-to-asset ratio: 9.8%), resulting in net assets of $13.4M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$22.5M	$16.6M	$14.8M	$1.5M	—	View 990
2022	$16.3M	$16.2M	$8.8M	$1.3M	—	View 990
2021	$15.4M	$15.4M	$8.7M	$1.4M	—	View 990
2020	$17.1M	$17.0M	$11.4M	$4.1M	—	View 990
2019	$18.9M	$18.5M	$8.8M	$1.6M	—	View 990
2018	$19.1M	$18.2M	$8.8M	$2.0M	—	View 990
2017	$17.3M	$17.1M	$7.6M	$1.6M	—	—
2016	$15.0M	$14.6M	$7.5M	$1.7M	—	View 990
2015	$11.9M	$11.5M	$6.8M	$1.3M	—	View 990
2014	$10.0M	$9.8M	$6.7M	$1.7M	—	View 990
2013	$8.3M	$8.2M	$6.6M	$1.7M	—	View 990
2012	$7.8M	$7.2M	$6.1M	$1.3M	—	View 990
2011	$6.6M	$6.7M	$5.9M	$1.7M	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $22.5M, expenses of $16.6M, and assets of $14.8M (revenue +37.7% year-over-year).
2022: Revenue of $16.3M, expenses of $16.2M, and assets of $8.8M (revenue +6.0% year-over-year).
2021: Revenue of $15.4M, expenses of $15.4M, and assets of $8.7M (revenue -9.9% year-over-year).
2020: Revenue of $17.1M, expenses of $17.0M, and assets of $11.4M (revenue -9.5% year-over-year).
2019: Revenue of $18.9M, expenses of $18.5M, and assets of $8.8M (revenue -0.9% year-over-year).
2018: Revenue of $19.1M, expenses of $18.2M, and assets of $8.8M (revenue +10.2% year-over-year).
2017: Revenue of $17.3M, expenses of $17.1M, and assets of $7.6M (revenue +15.6% year-over-year).
2016: Revenue of $15.0M, expenses of $14.6M, and assets of $7.5M (revenue +26.2% year-over-year).
2015: Revenue of $11.9M, expenses of $11.5M, and assets of $6.8M (revenue +19.2% year-over-year).
2014: Revenue of $10.0M, expenses of $9.8M, and assets of $6.7M (revenue +19.9% year-over-year).
2013: Revenue of $8.3M, expenses of $8.2M, and assets of $6.6M (revenue +6.7% year-over-year).
2012: Revenue of $7.8M, expenses of $7.2M, and assets of $6.1M (revenue +18.5% year-over-year).
2011: Revenue of $6.6M, expenses of $6.7M, and assets of $5.9M.

Data Sources and Methodology

This transparency report for Southern Tier Independence Center 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.