ISLANDERS CHILDREN'S FOUNDATION INC C/O NEW YORK ISLANDERS HOCKEY CLUB (EIN 061671668) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2002

Legal Domicile

Principal Officer

ARTHUR MCCARTHY

Phone

5169352213

Tax Period

2024-01-01 to 2024-12-31

ISLANDERS CHILDREN'S FOUNDATION INC C/O NEW YORK ISLANDERS HOCKEY CLUB, founded in 2002, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.4M in total revenue in fiscal year 2024. Revenue fell 25% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $248K, a strong 17% operating margin.

Mission

THE ISLANDERS' CHILDREN'S FOUNDATION IS DEDICATED TO SERVING LOCAL COMMUNITIES NOW AND IN THE FUTURE. THE FOUNDATION IS COMMITTED TO SUPPORTING, EDUCATING AND DEVELOPING AREA YOUTH WHILE INVESTING IN METRO NEW YORK'S FAMILIES AND COMMUNITY WELLBEING. THE ICF FOCUSES ON SUPPORTING NONPROFIT ORGANIZATIONS THAT SHARE ITS COMMON MISSION AND DEVELOPING PROGRAMS THAT WILL CREATE A LASTING LEGACY FOR YEARS TO COME.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $861,857

Program Service Revenue $0

Investment Income $47,531

Other Revenue $526,908

TOTAL REVENUE $1,436,296

Expense Breakdown

Grants Paid $897,431

Salaries & Benefits $0

Fundraising Expenses $55,534

Program Expenses $1,125,009

Other Expenses $290,704

TOTAL EXPENSES $1,188,135

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,436,296	$1,920,340	-0.3%
Expenses	$1,188,135	$1,207,035	0.0%
Net Income	$248,161	$713,305	-0.7%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

690

Governance Policies

✓ Conflict of Interest Policy

✗ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$768,301

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JON LEDECKY	DIRECTOR	1.00	Director	$0	$0	$0
LOUIS LAMORIELLO	DIRECTOR	1.00	Director	$0	$0	$0
RACHEL COHEN	DIRECTOR	1.00	Director	$0	$0	$0
TODD LEVY	DIRECTOR	1.00	Director	$0	$0	$0
CATHY MCNAMARA	DIRECTOR	1.00	Director	$0	$0	$0
ARTHUR J MCCARTHY	ALTERNATE GOVERNOR	1.00	Officer	$0	$0	$0
ZACH KLEIN	GENERAL COUNSEL	1.85	Officer	$0	$0	$600,370
ANN RINA	EXECUTIVE DIRECTOR	20.00	Officer	$0	$0	$167,931
NICK PIZZUTELLO	EVP	1.00	Officer	$0	$0	$0
FRANK ROMANO	ASSISTANT TREASURER	1.85	Highest	$0	$0	$304,367
CHRIS VARDARO	DIRECTOR OF FINANCE	3.85	Highest	$0	$0	$148,863
CONNOR PASETTI	ACCOUNTING MANAGER	3.70	Highest	$0	$0	$107,485

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$1,436,296	$1,188,135	$2,358,635	$248,161
2023	$1,920,340	$1,207,035	$2,009,498	$713,305
2022	$914,151	$356,787	$1,262,687	$557,364
2021	$1,187,955	$362,709	$717,919	$825,246
2020	$710,350	$933,215	$255,043	$-222,865
2019	$851,785	$890,770	$465,372	$-38,985
2018	$779,275	$852,738	$117,250	$-73,463

ISLANDERS CHILDREN'S FOUNDATION INC C/O NEW YORK ISLANDERS HOCKEY CLUB