ISLIP ARTS COUNCIL INC (EIN 112548822) - 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

LYNDA MORAN

Phone

6312245420

Tax Period

2024-01-01 to 2024-12-31

ISLIP ARTS COUNCIL INC, founded in 1979, is a small nonprofit in the Arts, Culture & Humanities sector that reported $447K in total revenue in fiscal year 2024. Revenue surged 44% from the prior year, signaling strong growth momentum. Expenses of $414K left a modest 7% surplus.

Mission

THE ISLIP ARTS COUNCIL IS DEDICATED TO LEADERSHIP, ADVOCACY AND EXCELLENCE IN THE ARTS BY PRESENTING, PRODUCING AND PROMOTING CULTURALLY RESPONSIVE, HIGH QUALITY PROGRAMS FOR DIVERSE POPULATIONS IN VARIED ARTISTIC DISCIPLINES. IN PARTNERSHIP WITH LOCAL, STATE, FEDERAL AND PRIVATE ORGANIZATIONS, THE GOAL IS TO FACILITATE THESE PROGRAMS IN RESPONSE TO THE NEEDS OF THE COMMUNITY AND LONG ISLAND AT LARGE.

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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 $375,004

Program Service Revenue $70,181

Investment Income $0

Other Revenue $1,455

TOTAL REVENUE $446,640

Expense Breakdown

Grants Paid $0

Salaries & Benefits $103,834

Fundraising Expenses $3,290

Program Expenses $380,510

Other Expenses $309,930

TOTAL EXPENSES $413,764

Year-over-Year Comparison

	2024	2023	Change
Revenue	$446,640	$310,463	+0.4%
Expenses	$413,764	$343,054	+0.2%
Net Income	$32,876	$-32,591	-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

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

$78,109

Total Directors

$57,328

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LYNDA MORAN	EXECUTIVE DI	40.00	Officer Director	$41,958	$0	$41,958
KATRINA KUAN	GALLERY ADMI	14.00	Officer	$22,256	$0	$22,256
CHRISTINA W MACINA	TREASURER	14.00	Officer Director	$13,895	$0	$13,895
BELINDA RUBINO	ADVISORY COU	1.00	Director	$1,475	$0	$1,475
JEANINE AMATO	ADVISORY COU	1.00	Director	$0	$0	$0
RICK AMMIRATI	ADVISORY COU	1.00	Director	$0	$0	$0
KATE ARSO	CORRESPONDIN	1.00	Officer Director	$0	$0	$0
ERIC BUEHLER	BOARD MEMBER	1.00	Director	$0	$0	$0
REY BURNS	ADVISORY COU	1.00	Director	$0	$0	$0
WALDO CABRERA	PRESIDENT	1.00	Officer Director	$0	$0	$0
ANDY CALIMANO	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
ANTHONY CERABINO	BOARD MEMBER	1.00	Director	$0	$0	$0
TOM CILMI	ADVISORY COU	1.00	Director	$0	$0	$0
CAROLYN DAHAB	ADVISORY COU	1.00	Director	$0	$0	$0
PAT BYRNE BLAIR ESQ	BOARD MEMBER	1.00	Director	$0	$0	$0
FRANK GIAGUINTO	BOARD MEMBER	1.00	Director	$0	$0	$0
HOLLY GORDON	BOARD MEMBER	1.00	Director	$0	$0	$0
KAREN HOPKINS-CERABINO	ADVISORY COU	1.00	Director	$0	$0	$0
RICH LABELLA	ADVISORY COU	1.00	Director	$0	$0	$0
MARCOS MALDONADO	BOARD MEMBER	1.00	Director	$0	$0	$0
CHARLES MOSES	BOARD MEMBER	1.00	Director	$0	$0	$0
GEORGE MUNKENBECK	ADVISORY COU	1.00	Director	$0	$0	$0
KENNETH J NEVOR	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRISTINE O'MALLEY	ADVISORY COU	1.00	Director	$0	$0	$0
PHYLLIS OZARIN	BOARD MEMBER	1.00	Director	$0	$0	$0
LUANN PALAZZO	ADVISORY COU	1.00	Director	$0	$0	$0
HARLENE SCHWARTZ	RECORDING SE	1.00	Officer Director	$0	$0	$0
JASON LB TERHUNE	ADVISORY COU	1.00	Director	$0	$0	$0
LINDA WEINGARTEN	DIRECTOR OF	14.00	Officer Director	$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
2024	$446,640	$413,764	$59,797	$32,876
2024	$446,640	$413,764	$59,797	$32,876
2023	$310,463	$343,054	$37,488	$-32,591
2022	$355,881	$311,839	$68,382	$44,042
2021	$247,542	$275,985	$43,285	$-28,443
2020	$236,610	$177,149	$44,187	$59,461
2019	$352,503	$365,608	$8,415	$-13,105
2018	$319,049	$320,070	$13,122	$-1,021

ISLIP ARTS COUNCIL INC