Long Island Progressive Coalition Education Project Inc (EIN 112725213) - 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

Joe Sackman

Phone

5165411006

Tax Period

2023-01-01 to 2023-12-31

Long Island Progressive Coalition Education Project Inc, founded in 1979, is a small nonprofit that reported $430K in total revenue in fiscal year 2023. Revenue decreased 19% compared to the prior year. Expenses of $515K exceeded revenue, resulting in a 20% operating deficit.

Mission

RESEARCH AND PUBLIC EDUCATION ON COMMUNITY REVITALIZATION, HEALTH, EDUCATION, ENVIRONMENTAL PRESERVATION AND SOCIAL JUSTICE.

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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 $405,900

Program Service Revenue $0

Investment Income $273

Other Revenue $24,000

TOTAL REVENUE $430,173

Expense Breakdown

Grants Paid $403,334

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $433,759

Other Expenses $111,694

TOTAL EXPENSES $515,028

Year-over-Year Comparison

	2023	2022	Change
Revenue	$430,173	$533,868	-0.2%
Expenses	$515,028	$434,558	+0.2%
Net Income	$-84,855	$99,310	-1.9%

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

N/A

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

Total Directors

$105,881

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kate Cartagena	Board member	0.00	Director	$0	$0	$0
Shameika Hanson	Board member	0.00	Director	$0	$0	$0
Farhana Islam	Board member	0.00	Director	$0	$0	$0
Sarika Kumar	Board member	0.00	Officer Director	$0	$0	$0
Joe Sackman	Board member	0.00	Officer Director	$0	$0	$0
Bri Sison-Gilmore	Board member	0.00	Director	$0	$0	$0
Lisa Tyson	Director	35.00	Director	$0	$0	$105,881

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	No data	No data	No data	No data
2023	$430,173	$515,028	$224,520	$-84,855
2022	$533,868	$434,558	$196,875	$99,310
2021	$396,317	$365,747	$124,230	$30,570
2020	$316,564	$302,800	$147,662	$13,764
2018	$271,685	$316,163	$143,354	$-44,478

Long Island Progressive Coalition Education Project Inc