Finger Lakes Cultural & Natural History Museum

What it reported doing in 2024

The SFLM installed a new, EZ Dock/Launch along the shore of Sugar Creek which runs through the museum's campus. This new EZ Dock features an easy-to-use ADA transfer bench and drive-through launch that allows people with disabilities, children, or seniors to feel confident in transferring into their watercraft independently and provides extra stability when launching and docking. This dock also has a curbing feature that provides a safe border around the dock edges for wheelchairs. This dock provided incredible ease for paddlers of all ages! The Museum also installed automatic locking systems at its Creekside restroom facilities with seasonal timed access from 7am7pm. This new feature ensured that the new public restrooms were consistently open when residents, visitors, and program participants needed them most. This approach made the new launch and overall facilities a sought after destination for individuals who enjoy paddling on their own time and with their own boats. Along with the enhancements at the Creekside Center, the Museum's main campus had on display its outdoor 11 Lakes exhibit (an exhibit highlighting key cultural and natural history stories from each of the 11 Finger Lakes), provided upgrades to the children's natural playscape and storywalk, and enhanced site landscaping. On the Museum's 16-acre wetland parcel, also known as the Townsend Grady Wildlife Preserve, the trails and boardwalk continued to be a draw and attraction for locals and guest to explore. The SFLM pursued securing a permit with the DEC looking to expand their dock at the lakeside octagon pavilion located at the southernmost tip of their wetland property. Those discussions are ongoing and final approval was still pending at the EOY 2024. The Museum's programs/experience throughout the 2024 year included: public and private paddling programs (sunset paddles, paddling lessons, paddling instructor certification classes, youth training classes, private paddles for families, scout, and school groups), school group excursions, fitness classes, musical performances, and community and private events accommodating all age groups.

Financial Efficiency

• Mission deployment rate: 51.4%; rating input score 51
• Program expense ratio: 73.7%; rating input score 74
• Fundraising efficiency: $16.4 raised per $1 spent on fundraising; rating input score 53; 53rd percentile among comparable filings

Transparency & Controls

• Consistency checks: 92.9%; rating input score 93; 19th percentile among comparable filings
• Pay-setting controls: Limited
• Foreign activity oversight: Limited
• Grant itemization coverage: Limited
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 94.7%; rating input score 95; 25th percentile among comparable filings
• Governance controls: 7 of 8 controls in place; rating input score 88
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: NotApplicable
  • Other executive compensation review process: Pass
  • Form 990 shared with the board: Fail
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 31.1%; rating input score 85; 85th percentile among comparable filings
• Total-asset coverage ratio: 14.84; rating input score 95; 95th percentile among comparable filings
• Liabilities to assets ratio: 0.18; rating input score 33; 33rd percentile among comparable filings
• Officer compensation ratio: 11.2%; rating input score 33; 33rd percentile among comparable filings

Growth

• Program expense growth: 8% per year; rating input score 100; 56th percentile among comparable filings
• Revenue growth: 12.4% per year; rating input score 100; 73rd percentile among comparable filings
• Asset growth: 17.2% per year; rating input score 100; 77th percentile among comparable filings