Three Falls Local Development Corporation
Nonprofit profile at a glance
- EIN
- 923543223
- IRS 990-EZ coverage
- 2024–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2023
- Location
- Trumansburg, NY, USA
- Phone
- 6073876501
- Rating
- 45
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Community Improvement, Capacity Building N.E.C.
Reported finances
- Revenue
- $60,000
- Expenses
- $16,910
- Assets
- $60,660
- Liabilities
- $5,214
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
6 people listed
People named in this filing
- BILL SHAW (MEMBER)
- RICH GOLDMAN (MEMBER)
- RORDAN HART (CHAIR PERSON)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Three falls local development corporation is a local development corporation of New York state as defined in section 1411 and section 201 of the not-for-profit corporation law.
What it reported doing in 2024
Principal operations have not yet commenced
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- 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
MIXED - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 2
- Transparency & Controls: 100
- Sustainability: 77
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 1.4%; rating input score 1
- Program expense ratio: 5%; rating input score 5
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 71.8%; rating input score 96; 96th percentile among comparable filings
- Total-asset coverage ratio: 3.59; rating input score 78; 78th percentile among comparable filings
- Liabilities to assets ratio: 0.09; rating input score 18; 18th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 1.4% of revenue deployed · 5% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $840 in reported program spending
- Leadership: top reported pay $0 · 6 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 3 filed schedules
- Contacts: How to reach this organization
- 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.
- High — Financial Efficiency: Mission deployment rate scored 1/100.
- High — Financial Efficiency: Program expense ratio scored 5/100.
- High — Sustainability: Liabilities to assets ratio scored 18/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.