LONG ISLAND CHARITIES FOUNDATION INC (EIN 112398991) - 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

1976

Legal Domicile

Principal Officer

GEORGE WALDBAUER

Phone

6317776272

Tax Period

2024-10-01 to 2025-09-30

LONG ISLAND CHARITIES FOUNDATION INC, founded in 1976, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $136K in total revenue in fiscal year 2024. Expenses of $168K exceeded revenue, resulting in a 23% operating deficit.

Mission

TO PROVIDE CASH DONATIONS TO CHARITIES IN THE LONG ISLAND AREA.

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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 (2024)

Revenue Breakdown

Contributions & Grants $8,750

Program Service Revenue $0

Investment Income $0

Other Revenue $127,512

TOTAL REVENUE $136,262

Expense Breakdown

Grants Paid $146,250

Salaries & Benefits $0

Fundraising Expenses $4,773

Program Expenses $146,250

Other Expenses $21,380

TOTAL EXPENSES $167,630

Year-over-Year Comparison

	2024	2023	Change
Revenue	$136,262	$142,453	0.0%
Expenses	$167,630	$135,317	+0.2%
Net Income	$-31,368	$7,136	-5.4%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GEORGE WALDBAUER	CHAIRMAN OF	N/A	Officer	$0	$0	$0
PETER VOLBERG	PRESIDENT	N/A	Officer	$0	$0	$0
EUGENE O'NEIL	1ST VICE PRE	N/A	Officer	$0	$0	$0
NICHOLAS BARTOLOMEO	2ND VICE PRE	N/A	Officer	$0	$0	$0
JAMES DIGIOVANNI	SECRETARY	N/A	Officer	$0	$0	$0
KAREN VOLBERG	TREASURER	N/A	Officer	$0	$0	$0
JOHN V CATAPANO	VP OF GOLF C	N/A	Officer	$0	$0	$0
JAY NATHAN	VP OF MARKET	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
2025	$136,262	$167,630	$151,175	$-31,368
2024	$142,453	$135,317	$182,543	$7,136
2023	$163,206	$122,545	$175,407	$40,661
2022	$134,738	$124,555	$134,746	$10,183
2021	$84,399	$13,286	$124,563	$71,113
2020	$11,598	$111,007	$53,450	$-99,409
2019	$158,238	$106,608	$152,859	$51,630
2018	$112,738	$115,574	$101,229	$-2,836

LONG ISLAND CHARITIES FOUNDATION INC