Greater Sheepshead Bay Development Corporation (EIN 112527097) - 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

1978

Legal Domicile

Principal Officer

Ellen Susnow

Phone

7183320582

Tax Period

2024-07-01 to 2025-06-30

Greater Sheepshead Bay Development Corporation, founded in 1978, is a micro nonprofit in the Community Improvement sector that reported $250 in total revenue in fiscal year 2024. Revenue fell 100% from the prior year — a significant decline worth monitoring. Expenses of $9K exceeded revenue, resulting in a 3324% operating deficit.

Mission

Neighborhood Preservation & Development

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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 $250

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $250

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,617

Fundraising Expenses $0

Program Expenses $5,193

Other Expenses $6,943

TOTAL EXPENSES $8,560

Year-over-Year Comparison

	2024	2023	Change
Revenue	$250	$65,169	-1.0%
Expenses	$8,560	$64,862	-0.9%
Net Income	$-8,310	$307	-28.1%

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

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
JERRY VIOLA	CHAIRMAN	0.00	Officer	$0	$0	$0
CECILIA WEEXS	PRESIDENT	0.00	Officer	$0	$0	$0
FRANCES VALENZA	VICE PRESIDENT	0.00	Officer	$0	$0	$0
JENNIFER FIUMANO	TREASURER	0.00	Officer	$0	$0	$0
SHARON PLUNKETT	CORRESPONDING SECRETARY	0.00	Officer	$0	$0	$0
BARBARA SCHREIBER	MEMBER	0.00	Officer	$0	$0	$0
JULIE LEIBOWITZ	MEMBER	0.00	Officer	$0	$0	$0
ELLEN SUSNOW	EXECUTIVE DIRECTOR	40.00	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	$250	$8,560	$13,946	$-8,310
2024	$65,169	$64,862	$23,353	$307
2023	$66,095	$79,578	$25,247	$-13,483
2022	$116,090	$103,998	$40,565	$12,092
2021	$99,620	$91,223	$29,107	$8,397
2020	$102,123	$112,168	$16,686	$-10,045
2019	$117,705	$117,534	$27,844	$171

Greater Sheepshead Bay Development Corporation