LONG ISLAND BOARD OF REALTORS INC (EIN 111020780) - 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

1910

Legal Domicile

Principal Officer

KEVIN LEATHERMAN

Phone

6316614800

Tax Period

2023-01-01 to 2023-12-31

LONG ISLAND BOARD OF REALTORS INC, founded in 1910, is a community nonprofit that reported $8.9M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $7.7M left a modest 14% surplus.

Mission

TO BE THE TRUSTED ALLY UNITING OUR REALTOR MEMBERS IN PROMOTING THE BENEFITS OF AND ENSURING THE FUTURE OF REAL PROPERTY FOR ALL.

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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 (2023)

Revenue Breakdown

Contributions & Grants $45,000

Program Service Revenue $7,804,424

Investment Income $477,635

Other Revenue $554,309

TOTAL REVENUE $8,881,368

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,759,384

Fundraising Expenses $0

Other Expenses $2,896,128

TOTAL EXPENSES $7,655,512

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,881,368	$8,157,820	+0.1%
Expenses	$7,655,512	$6,466,284	+0.2%
Net Income	$1,225,856	$1,691,536	-0.3%

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

Volunteers

224

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

$1,046,560

Total Directors

$83,176

Key Employees

$381,840

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANGELA PRINCE	MEMBER	3.00	Director	$0	$0	$0
BARBARA A BUCOVETSKY	MEMBER	3.00	Director	$2,150	$0	$2,150
CHARLES A CRUSE JR	MEMBER	3.00	Director	$0	$0	$0
CHRISTINE DICKSON	MEMBER	3.00	Director	$12,614	$0	$12,614
CHRISTOPHER A BACCHUS	MEMBER	3.00	Director	$2,835	$0	$2,835
CLAIRE J LEFACE	MEMBER	3.00	Director	$0	$0	$0
DAVID M LEGAZ	MEMBER	3.00	Director	$769	$0	$769
DIANA C ALFARO	MEMBER	3.00	Director	$0	$0	$0
ELIZABETH LOWE	MEMBER	3.00	Director	$1,415	$0	$1,415
ERICA E TURNER	MEMBER	3.00	Director	$1,340	$0	$1,340
FREDERIC R GREENE	MEMBER	3.00	Director	$3,242	$0	$3,242
GINA MARIE BETTENHAUSER	PRESIDENT	6.00	Officer Director	$4,434	$0	$4,434
GLENN BOGGIA	MEMBER	3.00	Director	$2,835	$0	$2,835
JOOSOO KIM	MEMBER	3.00	Director	$2,835	$0	$2,835
JUDY L CANGEMI	MEMBER	3.00	Director	$5,777	$0	$5,777
KALEN M RAYNOR	MEMBER	3.00	Director	$2,835	$0	$2,835
KEVIN M LEATHERMAN	PRESIDENT ELECT	6.00	Officer Director	$7,655	$0	$7,655
LYDIA BUESO-ROMAN	MEMBER	3.00	Director	$0	$0	$0
MARC J CANDELARIA	MEMBER	3.00	Director	$0	$0	$0
MARGARET MACRAE	MEMBER	3.00	Director	$0	$0	$0
MARK T DONNELLY	MEMBER	3.00	Director	$3,359	$0	$3,359
MARY ALICE RUPPERT	SECRETARY/TREASURER	6.00	Officer Director	$3,392	$0	$3,392
MELISSA L BRANDT	MEMBER	3.00	Director	$1,747	$0	$1,747
PAIGE C RYAN	MEMBER	3.00	Director	$1,672	$0	$1,672
RAO A SHAAN KHAN	MEMBER	3.00	Director	$12,507	$0	$12,507
RENEE B HUGHES	MEMBER	3.00	Director	$0	$0	$0
ROB A CHOUDHURY	MEMBER	3.00	Director	$2,835	$0	$2,835
RUTH F PFEFFER	MEMBER	3.00	Director	$2,475	$0	$2,475
STEPHAN MAHABIR	MEMBER	3.00	Director	$0	$0	$0
SUSAN G HELSINGER	PAST PRESIDENT (2021)	6.00	Director	$4,378	$0	$4,378
YVETTE D CLARK WATKINS	MEMBER	3.00	Director	$75	$0	$75
DOREEN SPAGNUOLO	CEO	32.00	Officer	$298,425	$28,408	$395,552
KATHLEEN KENNEDY	VP OF ACCOUNTING & FINANCE	20.00	Officer	$93,626	$29,132	$216,383
TESSA HULTZ	CEO	30.00	Officer	$265,539	$63,134	$419,144
PATRICK FIFE	GENERAL COUNSEL	37.00	Key Emp	$168,824	$15,272	$200,096
PETE CARBO	DIRECTOR OF IT	8.00	Key Emp	$31,088	$26,300	$181,744
ANTHONY RUSSO	DIRECTOR OF ACCOUNTING SER	31.00	Highest	$103,956	$52,444	$186,247
LEIGH GOLDBLATT	NETWORK ADMIN/TECHN/HELPDE	8.00	Highest	$30,194	$25,901	$176,872
LISA FORCA	DIRECTOR OF MEMBERSHIP & B	20.00	Highest	$72,842	$25,467	$171,150
MARLO DILTS	SR. DIRECTOR PUBLIC & GOV'	40.00	Highest	$141,754	$25,155	$166,909
MARY ANN MONTELEONE	VP PROFESSIONAL DEVELOPMEN	40.00	Highest	$151,273	$44,196	$195,469

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	No data	No data	No data	No data
2023	$8,881,368	$7,655,512	$38,226,393	$1,225,856
2022	$8,157,820	$6,466,284	$35,042,277	$1,691,536
2021	$7,922,994	$6,747,991	$32,824,680	$1,175,003
2020	$8,101,630	$6,631,090	$26,187,429	$1,470,540
2019	$8,091,120	$7,093,134	$26,654,177	$997,986
2018	$17,758,884	$17,192,720	$21,420,534	$566,164

LONG ISLAND BOARD OF REALTORS INC