Long Island School for the Gifted (EIN 112532703) - 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

1980

Legal Domicile

Phone

6314233557

Tax Period

2024-07-01 to 2025-06-30

Long Island School for the Gifted, founded in 1980, is a community nonprofit in the Education sector that reported $4.3M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE AN APPROPRIATE EDUCATION FOR GIFTED CHILDREN IN PRE-KINDERGARTEN THROUGH NINTH GRADE.

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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 $232,303

Program Service Revenue $3,766,619

Investment Income $107,056

Other Revenue $193,276

TOTAL REVENUE $4,299,254

Expense Breakdown

Grants Paid $49,400

Salaries & Benefits $2,410,853

Fundraising Expenses $0

Program Expenses $3,486,681

Other Expenses $1,912,010

TOTAL EXPENSES $4,372,263

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,299,254	$3,949,450	+0.1%
Expenses	$4,372,263	$4,056,063	+0.1%
Net Income	$-73,009	$-106,613	-0.3%

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

$450,085

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LARY BLOND	VICE-PRESIDENT	1.0	Officer Director	$0	$0	$0
MARLA JORGENSEN	SECRETARY	1.0	Officer Director	$0	$0	$0
ROB DELUCIA	TREASURER	1.0	Officer Director	$0	$0	$0
ROBERTA TROPPER	PRESIDENT	1.0	Officer Director	$0	$0	$0
CAROL YILMAZ	Chair, Governance Committee	1.0	Director	$0	$0	$0
HARRY LERNER	DIRECTOR	1.0	Director	$0	$0	$0
MAMTA AMIN	CHAIR, DEVELOPMENT COMMITTEE	1.0	Director	$0	$0	$0
MARJORIE FUHRMANN	DIRECTOR	1.0	Director	$0	$0	$0
SCOTT SCHILDHAUS	CHAIR, FINANCE COMMITTEE	1.0	Director	$0	$0	$0
SHAWN BAYERN	DIRECTOR	1.0	Director	$0	$0	$0
CHERYL NOVICK	ASSISTANT HEAD OF SCHOOL	40.0	Officer	$139,395	$22,245	$161,640
COLLEEN ZIEGLER	DEAN OF STUDENTS	40.0	Officer	$112,015	$6,772	$118,787
PATRICIA GEYER	HEAD OF SCHOOL	40.0	Officer	$164,858	$4,800	$169,658

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	$4,299,254	$4,372,263	$8,373,713	$-73,009
2024	$3,949,450	$4,056,063	$3,761,034	$-106,613
2023	$4,064,757	$3,829,128	$5,125,004	$235,629
2022	$3,890,542	$3,708,758	$5,849,637	$181,784
2021	$4,364,898	$3,832,171	$2,015,043	$532,727
2020	$3,631,627	$3,986,573	$1,567,836	$-354,946
2019	$4,217,158	$4,327,077	$1,800,243	$-109,919
2018	$4,425,349	$4,215,285	$1,610,696	$210,064

Long Island School for the Gifted