Finger Lakes Workforce Investment Board
Nonprofit profile at a glance
- EIN
- 300135156
- IRS 990 coverage
- 2011–2024
- Forms available
- Form 990 2024
- Location
- Geneva, NY, USA
- Phone
- 3157893131
- Rating
- 83
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Employment Procurement Assistance
Reported finances
- Revenue
- $2,073,262
- Expenses
- $2,086,814
- Assets
- $228,443
- Liabilities
- $243,626
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
33 people listed
Executive titles in this filing
- MICHAEL WOLOSON (INTERIM EXECUTIVE DIRECTOR)
- E LYNN FREID (EXECUTIVE DIRECTOR (FORMER))
- MARY BETH PHILLIPS (EXECUTIVE DIRECTOR (CURRENT))
Highest reported compensation
- ANDREA BADGER (DIRECTOR OF OPERATIONS): $77,370 total reported compensation
- MICHAEL WOLOSON (INTERIM EXECUTIVE DIRECTOR): $76,563 total reported compensation
- E LYNN FREID (EXECUTIVE DIRECTOR (FORMER)): $57,170 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To improve the economic well-being of job seekers and employers in the region by aligning human potential with opportunities in the workplace for the residents of ontario, seneca, wayne, and yates counties in the state of New York.
What it reported doing in 2024
Wioa youth: seeks to provide comprehensive interventions that support the attainment of a secondary school diploma or its recognized equivalent, entry into postsecondary education, and career readiness for participants, providing experience and exploration for an in-demand career pathway, thereby improving the quality of the workforce, reducing welfare dependency and enhancing national productivity and competitiveness.
Operating model
- Revenue model
- Grant-funded. 94% of the money available for current operations came from government grants.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Revenue has declined or grown slowly and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 83
- Transparency & Controls: 92
- Accountability: 95
- Sustainability: 19
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 93.4%; rating input score 93
- Program expense ratio: 92.8%; rating input score 93
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd 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: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -0.7%; rating input score 30; 30th percentile among comparable filings
- Total-asset coverage ratio: 0.11; rating input score 3; 3rd percentile among comparable filings
- Liabilities to assets ratio: 1.07; rating input score 4; 4th percentile among comparable filings
- Officer compensation ratio: 10.1%; rating input score 29; 29th percentile among comparable filings
Growth
- Program expense growth: 0.3% per year; rating input score 100; 15th percentile among comparable filings
- Revenue growth: -0.3% per year; rating input score 0; 11th percentile among comparable filings
- Asset growth: -2% per year; rating input score 0; 7th percentile among comparable filings
Details
- Where the money goes: 93.4% of revenue deployed · 92.8% of spending went to programs
- Governance: 29 of 29 board members independent · 8 of 9 filing controls reported
- Programs: 4 filed program accomplishments · $1.9M in reported program spending
- Leadership: top reported pay $77K · 33 people listed
- Consistency: 28 of 28 current checks pass
- Schedules: 4 filed schedules · includes major donors
- Filing history: 13 filing years from 2011 to 2024
- Contacts: How to reach this organization
- Money network: 3 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Growth: Revenue growth scored 0/100.
- Moderate — Sustainability: Operating margin scored 30/100.
- High — Sustainability: Total-asset coverage ratio scored 3/100.
- High — Growth: Asset growth scored 0/100.
- Review — Accountability: Governance controls: Other executive compensation review process not reported.
- High — Sustainability: Liabilities to assets ratio scored 4/100.
- High — Sustainability: Officer compensation ratio scored 29/100.