IDLE HOUR TAXPAYERS ASSOCIATION OF… - Form 990 Financial Data

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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

1937

Legal Domicile

Principal Officer

Carol Wesemann

Phone

6315632056

Tax Period

2025-01-01 to 2025-12-31

IDLE HOUR TAXPAYERS ASSOCIATION OF OAKDALE L I N Y INC, founded in 1937, is a small nonprofit that reported $284K in total revenue in fiscal year 2025. Expenses of $247K left a modest 13% surplus.

Mission

The object of the association shall be to unite the property owners and residents of Idle Hour, Oakdale, Long Island for the betterment of the community and through united efforts to foster, encourage and adopt such means, as may be necessary for the community and to inaugurate and further any understanding and projects that may be for the general welfare of this community and the residents thereof.

Program Service Accomplishments

Program 1

Expenses: $246,729 Revenue: $283,748

Pool maintenance, marina maintenance, events and facilities upkeep.

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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 (2025)

Revenue Breakdown

Contributions & Grants $269,351

Program Service Revenue $6,971

Investment Income $26

Other Revenue $7,400

TOTAL REVENUE $283,748

Expense Breakdown

Grants Paid $0

Salaries & Benefits $56,103

Fundraising Expenses $0

Program Expenses $246,729

Other Expenses $190,626

TOTAL EXPENSES $246,729

Year-over-Year Comparison

	2025	2024	Change
Revenue	$283,748	$267,150	+0.1%
Expenses	$246,729	$226,209	+0.1%
Net Income	$37,019	$40,941	-0.1%

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

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
Kim Gooley	Director	5	Director	$0	$0	$0
Adam Gershowitz	Director	5	Director	$0	$0	$0
David Chan	Director	5	Director	$0	$0	$0
Carolyn Santangelo	Director	5	Director	$0	$0	$0
Kerri Fuzia	Director	5	Director	$0	$0	$0
Brenda Kane	Director	5	Director	$0	$0	$0
Heather Mitchinson	Director	5	Director	$0	$0	$0
Kim Brussey	Recording Sec'y	10	Officer	$0	$0	$0
Susan Markgraff	President	10	Officer	$0	$0	$0
Carol Wesemann	Treasurer	10	Officer	$0	$0	$0
Roseann Keane	2nd Vice President	10	Officer	$0	$0	$0
Brian Bennett	Corresponding Sec'y	10	Officer	$0	$0	$0
Peter Grossi	1st Vice President	10	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
2025	$283,748	$246,729	$578,999	$37,019
2024	No data	No data	No data	No data
2023	$243,372	$278,043	$501,039	$-34,671
2022	$243,737	$228,645	$535,710	$15,092
2021	$244,659	$185,981	$520,618	$58,678
2020	$200,139	$205,443	$461,940	$-5,304

IDLE HOUR TAXPAYERS ASSOCIATION OF OAKDALE L I N Y INC