DOUBLEDAY BABCOCK SENIOR CENTER INC DBA THE LIFE ENRICHMENT CENTER AT OYSTER BAY (EIN 112496305) - 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

1979

Legal Domicile

Principal Officer

LAURA DOUGHERTY

Phone

5169221770

Tax Period

2024-01-01 to 2024-12-31

DOUBLEDAY BABCOCK SENIOR CENTER INC DBA THE LIFE ENRICHMENT CENTER AT OYSTER BAY, founded in 1979, is a community nonprofit in the Human Services sector that reported $1.2M in total revenue in fiscal year 2024. Revenue decreased 18% compared to the prior year. Expenses of $1.4M exceeded revenue, resulting in a 16% operating deficit.

Mission

THE LIFE ENRICHMENT CENTER AT OYSTER BAY PROVIDES VITAL SERVICES AND SOCIAL ACTIVITIES FOR SENIOR CITIZENS FROM OUR CATCHMENT AREA. VITAL SERVICES INCLUDE COMPREHENSIVE SOCIAL SERVICES SUPPORT, LUNCH AND TRANSPORTATION PROGRAMS. SOCIAL ACTIVITIES INCLUDE FITNESS, HEALTH AND WELLNESS PROGRAMS, AS WELL AS ENGAGING PROGRAMS FOR SOCIALIZATION.

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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 $695,224

Program Service Revenue $315,609

Investment Income $67,391

Other Revenue $101,473

TOTAL REVENUE $1,179,697

Expense Breakdown

Grants Paid $0

Salaries & Benefits $755,975

Fundraising Expenses $63,444

Program Expenses $1,127,619

Other Expenses $617,256

TOTAL EXPENSES $1,373,231

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,179,697	$1,437,827	-0.2%
Expenses	$1,373,231	$1,241,458	+0.1%
Net Income	$-193,534	$196,369	-2.0%

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

$115,190

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SUSAN PETERSON NEUHAUS	MEMBER	1.00	Director	$0	$0	$0
EDWARD C MOHLENHOFF	PRESIDENT	2.00	Officer Director	$0	$0	$0
THOMAS DEL SORBO	VICE PRESIDENT (EFFEC. 5/26/24)	2.00	Officer Director	$0	$0	$0
LAURA K V DOUGHERTY	TREASURER (EFFEC. 5/26/24)	2.00	Officer Director	$0	$0	$0
JOAN ADOMSKY	SECRETARY	2.00	Officer Director	$0	$0	$0
PAT AZMITIA	MEMBER	1.00	Director	$0	$0	$0
ALEXANDER IPIOTIS	MEMBER	1.00	Director	$0	$0	$0
ROSALIE KOENIG	MEMBER	1.00	Director	$0	$0	$0
DEBORAH KUPPERMAN	MEMBER	1.00	Director	$0	$0	$0
ELISABETH DEANS MOONEY	MEMBER	1.00	Director	$0	$0	$0
ELAINE PALMER	MEMBER	1.00	Director	$0	$0	$0
LINDA VANAGER	MEMBER	1.00	Director	$0	$0	$0
LIZ DUFFY	MEMBER	1.00	Director	$0	$0	$0
GERALD LALONDE	MEMBER	1.00	Director	$0	$0	$0
CYNTHIA COUDERT MORRIS	MEMBER	1.00	Director	$0	$0	$0
BRUCE REBOLD	MEMBER	1.00	Director	$0	$0	$0
JUDY PALUMBO	EXECUTIVE DIRECTOR	35.00	Officer	$97,850	$17,340	$115,190

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	$1,179,697	$1,373,231	$6,868,520	$-193,534
2023	$1,437,827	$1,241,458	$5,991,540	$196,369
2022	$999,939	$1,104,008	$4,665,132	$-104,069
2021	$1,015,102	$906,069	$5,869,406	$109,033
2020	$690,899	$923,965	$5,333,677	$-233,066
2019	$3,084,197	$1,111,163	$5,056,423	$1,973,034
2018	$1,872,789	$1,087,458	$3,012,057	$785,331

DOUBLEDAY BABCOCK SENIOR CENTER INC DBA THE LIFE ENRICHMENT CENTER AT OYSTER BAY