GLEN COVE NEIGHBORHOOD ASSOCIATION INC (EIN 111633510) - 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

1916

Legal Domicile

Principal Officer

Nicholas Martone

Phone

5166764600

Tax Period

2023-07-01 to 2024-06-30

GLEN COVE NEIGHBORHOOD ASSOCIATION INC, founded in 1916, is a micro nonprofit that reported $93K in total revenue in fiscal year 2023. Revenue decreased 15% compared to the prior year. Expenses of $115K exceeded revenue, resulting in a 24% operating deficit.

Mission

The Glen Cove Neighborhood Association was formed for the purpose of the promotion of the social, physical and intellectual welfare of the residents of Glen Cove and adjacent areas.

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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 $0

Program Service Revenue $91,667

Investment Income $1,119

Other Revenue $0

TOTAL REVENUE $92,786

Expense Breakdown

Grants Paid $66,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $89,627

Other Expenses $48,842

TOTAL EXPENSES $114,842

Year-over-Year Comparison

	2023	2022	Change
Revenue	$92,786	$109,255	-0.2%
Expenses	$114,842	$104,469	+0.1%
Net Income	$-22,056	$4,786	-5.6%

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Nicholas Martone	President	1.00	Officer Director	$0	$0	$0
Beverly Bell	Sec / Treasurer	1.00	Officer Director	$0	$0	$0
Philip J Catapano	Director	1.00	Director	$0	$0	$0
Craig Treiber	Director	1.00	Director	$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	$92,786	$114,842	$322,166	$-22,056
2023	$109,255	$104,469	$327,789	$4,786
2022	$84,434	$50,090	$323,003	$34,344
2021	$43,883	$41,767	$288,659	$2,116
2020	$68,089	$68,975	$286,543	$-886
2019	$109,746	$53,874	$287,429	$55,872

GLEN COVE NEIGHBORHOOD ASSOCIATION INC