MIDGET SQUADRON OF JAMAICA BAY

EIN: 111504189

BROOKLYN, NY

Total Revenue
$210,241
Total Expenses
$228,970
Total Assets
$496,962
Net Assets
$494,683
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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
NY
Principal Officer
HOWARD RUBENFELD
Phone
7182510488
Tax Period
2024-01-01 to 2024-12-31

MIDGET SQUADRON OF JAMAICA BAY, founded in 1910, is a small nonprofit that reported $210K in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Net assets of $495K represent 28 months of operating reserves.

Mission

PROMOTING BOATING ACTIVITIES AND SAFETY

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $223,390
Investment Income $25
Other Revenue $-13,174
TOTAL REVENUE $210,241

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $228,970
TOTAL EXPENSES $228,970

Year-over-Year Comparison

2024 2023 Change
Revenue $210,241 $187,033 +0.1%
Expenses $228,970 $230,263 0.0%
Net Income $-18,729 $-43,230 -0.6%
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

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Governance

Voting Members
16
Independent Members
91
Employees
N/A
Volunteers
N/A

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
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HOWARD RUBENFELD COMMODORE N/A
Officer
$0 $0 $0
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 $210,241 $228,970 $496,962 $-18,729
2023 $187,033 $230,263 $513,950 $-43,230
2022 $239,563 $245,977 $557,694 $-6,414
2021 $245,837 $206,602 $563,290 $39,235
2020 $193,017 $151,757 $524,105 $41,260
2019 $228,904 $156,165 $482,561 $72,739
2018 $202,980 $140,179 $409,822 $62,801
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