OIL HEAT INSTITUTE OF LONG ISLAND INC

EIN: 111796572

NEW YORK, NY

Total Revenue
$480,874
Total Expenses
$431,278
Total Assets
N/A
Net Assets
N/A
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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
1981
Legal Domicile
NY
Principal Officer
JOSEPH VASSALLO
Phone
2126951380
Tax Period
2019-01-01 to 2019-12-31

OIL HEAT INSTITUTE OF LONG ISLAND INC, founded in 1981, is a small nonprofit that reported $481K in total revenue in fiscal year 2019. Expenses of $431K left a modest 10% surplus.

Mission

ADVERTISING THE OIL INDUSTRY

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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 (2019)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $376,226
Investment Income $5,463
Other Revenue $99,185
TOTAL REVENUE $480,874

Expense Breakdown

Grants Paid $0
Salaries & Benefits $169,722
Fundraising Expenses $0
Other Expenses $261,556
TOTAL EXPENSES $431,278

Year-over-Year Comparison

2019 2018 Change
Revenue $480,874 $463,690 +0.0%
Expenses $431,278 $434,561 0.0%
Net Income $49,596 $29,129 +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

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Governance

Voting Members
5
Independent Members
5
Employees
1
Volunteers
10

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
0
$0
Total Directors
1
$115,640
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOSEPH VASSALLO EXECUTIVE DIRECTOR 40.00
Director
$115,640 $0 $115,640
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
2019 $480,874 $431,278 No data $49,596
2018 $463,690 $434,561 $515,944 $29,129
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