ASSOCIATION OF OWNERS OF MILL NECK ESTATES INC

EIN: 112801311

BELLMORE, NY

Total Revenue
$246,852
Total Expenses
$179,330
Total Assets
$1,103,892
Net Assets
$759,834
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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
1949
Legal Domicile
NY
Principal Officer
EDWARD BASJAMIN
Phone
5168269700
Tax Period
2022-05-01 to 2023-04-30

ASSOCIATION OF OWNERS OF MILL NECK ESTATES INC, founded in 1949, is a small nonprofit that reported $247K in total revenue in fiscal year 2022. The organization ran a surplus of $68K, a strong 27% operating margin.

Mission

PROVIDE FOR MAINTENANCE AND REPAIRS OF COMMUNITY ROADS, BEACHES AND WATER SYSTEMS

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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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $242,743
Program Service Revenue $0
Investment Income $4,109
Other Revenue $0
TOTAL REVENUE $246,852

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $179,330
Other Expenses $179,330
TOTAL EXPENSES $179,330

Year-over-Year Comparison

2022 2021 Change
Revenue $246,852 $241,596 +0.0%
Expenses $179,330 $214,513 -0.2%
Net Income $67,522 $27,083 +1.5%
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

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Governance

Voting Members
5
Independent Members
5
Employees
N/A
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
1
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
EDWARD BASJAMIN DIRECTOR N/A
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
2023 $246,852 $179,330 $1,103,892 $67,522
2022 $241,596 $214,513 $1,076,418 $27,083
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