LONG ISLAND DEVELOPMENT CORPORATION (EIN 112556172) - 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

Principal Officer

GINA SLATER PARKER

Phone

5164335000

Tax Period

2023-10-01 to 2024-09-30

LONG ISLAND DEVELOPMENT CORPORATION, founded in 1980, is a small nonprofit in the Community Improvement sector that reported $842K in total revenue in fiscal year 2023. Revenue surged 35% from the prior year, signaling strong growth momentum. Expenses of $1.3M exceeded revenue, resulting in a 57% operating deficit.

Mission

TO ASSIST SMALL BUSINESSES/NFP ENTITIES WITH LOANS & TECHNICAL ASSISTANCE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $17,810

Program Service Revenue $809,125

Investment Income $5,624

Other Revenue $9,000

TOTAL REVENUE $841,559

Expense Breakdown

Grants Paid $15,000

Salaries & Benefits $568,069

Fundraising Expenses $0

Program Expenses $1,190,544

Other Expenses $738,835

TOTAL EXPENSES $1,321,904

Year-over-Year Comparison

	2023	2022	Change
Revenue	$841,559	$623,735	+0.3%
Expenses	$1,321,904	$1,119,140	+0.2%
Net Income	$-480,345	$-495,405	0.0%

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

$259,310

Total Directors

$259,310

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GINA SLATER PARKER	PRESIDENT/CEO/BOARD MEMBER	35.00	Officer Director	$232,673	$26,637	$259,310
PHYLLIS HILL SLATER	BOARD MEMBER	10.00	Officer Director	$0	$0	$0
PHIL BALLIN	BOARD MEMBER	5.00	Director	$0	$0	$0
ISABEL MEDINA	BOARD MEMBER	5.00	Director	$0	$0	$0
MICHAEL FIELDS	BOARD MEMBER	2.00	Director	$0	$0	$0
DIANA WEIR	BOARD MEMBER	5.00	Director	$0	$0	$0
DOMENIC ABBATIELLO	BOARD MEMBER	2.00	Director	$0	$0	$0
MICHELLE DIBENEDETTO	BOARD MEMBER	5.00	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	$841,559	$1,321,904	$14,809,816	$-480,345
2023	$623,735	$1,119,140	$14,406,347	$-495,405
2022	$2,571,319	$919,188	$14,767,676	$1,652,131
2021	$6,220,737	$1,512,654	$12,950,849	$4,708,083
2020	$552,586	$956,122	$8,218,199	$-403,536
2019	$751,799	$944,563	$8,395,482	$-192,764
2018	$756,799	$1,116,944	$8,601,180	$-360,145

LONG ISLAND DEVELOPMENT CORPORATION