Southern Tier Independence Center Inc
Nonprofit profile at a glance
- EIN
- 161204347
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- Binghamton, NY, USA
- Phone
- 6077242111
- Rating
- 87
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Centers to Support the Independence of Specific Populations
Reported finances
- Revenue
- $19,104,246
- Expenses
- $17,664,370
- Assets
- $16,613,723
- Liabilities
- $1,722,597
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
12 people listed
Executive titles in this filing
- CHARLES KRAMER (PRESIDENT)
- JOSEPH BURNS (VICE PRESIDENT)
- JENNIFER WATSON (EXECUTIVE DIRECTOR)
Highest reported compensation
- JENNIFER WATSON (EXECUTIVE DIRECTOR): $102,495 total reported compensation
- LUCRETIA HESCO (ASSISTANT DIRECTOR): $96,231 total reported compensation
- JOELLEN DORAK (CONTROLLER): $74,904 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Stic's mission is to shape a world in which people with disabilities are empowered to live fully integrated lives in their communities. We offer assistance, advocacy and services to children and adults with all disabilities, increasing their independence and allowing them to pursue their dreams. We also support their families and friends, as well as businesses, agencies, and governmental entities, enabling them to better meet the needs of people with disabilities. Finally, we educate and influence our community and public policy so that everyone can "access their world."
What it reported doing in 2024
Nysed and other services - is a program that provides a wide range of services to people with disabilities and their families with the goal of community integration. Services such as accessibility consultation, community integration, education advocacy, peer counseling, psychology, independent living skills, etc. Approximately 4,284 consumers served.
Operating model
- Revenue model
- Earned-program. 75% of the money available for current operations came from fees and other program revenue.
- 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. Total assets are small relative to annual expenses; liquid coverage is unknown and some filed totals do not add up.
Rating breakdown
- Financial Efficiency: 78
- Transparency & Controls: 92
- Accountability: 100
- Sustainability: 57
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 85.2%; rating input score 85
- Program expense ratio: 91.8%; rating input score 92
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd 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; 66th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 7.5%; rating input score 61; 61st percentile among comparable filings
- Total-asset coverage ratio: 0.94; rating input score 34; 34th percentile among comparable filings
- Liabilities to assets ratio: 0.1; rating input score 73; 73rd percentile among comparable filings
- Officer compensation ratio: 1.5%; rating input score 81; 81st percentile among comparable filings
Growth
- Program expense growth: 4.9% per year; rating input score 100; 41st percentile among comparable filings
- Revenue growth: 7.5% per year; rating input score 100; 62nd percentile among comparable filings
- Asset growth: 6.8% per year; rating input score 100; 48th percentile among comparable filings
Details
- Where the money goes: 85.2% of revenue deployed · 91.8% of spending went to programs
- Governance: 9 of 9 board members independent · 9 of 9 filing controls reported
- Programs: 6 filed program accomplishments · $16.2M in reported program spending
- Leadership: top reported pay $102K · 12 people listed
- Highest-paid contractors: 1 contractor listed · $165K reported
- Consistency: 29 of 30 current checks pass · 1 finding to review
- Schedules: 7 filed schedules · includes major donors
- Filing history: 15 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 3 filed money-flow records
- Related organizations: Filed and resolved organization relationships.
- 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.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Sustainability: Total-asset coverage ratio scored 34/100.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.