THE ASSOCIATION FOR A BETTER LONG … - Form 990 Financial Data

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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

1986

Legal Domicile

Principal Officer

LAUREEN HARRIS

Phone

6319512410

Tax Period

2023-11-01 to 2024-10-31

THE ASSOCIATION FOR A BETTER LONG ISLAND INC, founded in 1986, is a small nonprofit that reported $501K in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year. The organization ran a surplus of $102K, a strong 20% operating margin.

Mission

TO PROTECT, IMPROVE AND STRENGTHEN THE LI ECONOMY BY ADVOCATING ON BEHALF OF SENSIBLE GROWTH, AFFORDABLE ENERGY, A REDUCED TAX BURDEN, INVESTMENT IN INFRASTRUCTURE AND RELATED ISSUES THAT ENHANCE THE QUALITY OF LIFE FOR ALL LONG ISLAND, THEREBY PROTECTING THE REGION'S ECONOMIC FUTURE.

Program Service Accomplishments

Program 1

TO PROMOTE IN ALL LAWFUL WAYS THE WELFARE OF ITS MEMBERS; TO UNITE THE MEMBERS FOR THE PURPOSE OF MAINTAINING AN ORGANIZATION TO CONSIDER AND ACT IN UNION UPON MATTERS AFFECTING THE BUSINESS OF ITS...

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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 $0

Program Service Revenue $390,347

Investment Income $10,653

Other Revenue $99,635

TOTAL REVENUE $500,635

Expense Breakdown

Grants Paid $0

Salaries & Benefits $223,255

Fundraising Expenses $0

Other Expenses $174,881

TOTAL EXPENSES $398,136

Year-over-Year Comparison

	2023	2022	Change
Revenue	$500,635	$567,109	-0.1%
Expenses	$398,136	$420,949	-0.1%
Net Income	$102,499	$146,160	-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

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

$221,565

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LAUREEN HARRIS	PRESIDENT	1.00	Officer Director	$0	$0	$0
STEPHEN HESS	TREASURER	1.00	Officer Director	$0	$0	$0
RUSSELL ALBANESE	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL AMBROSINO	DIRECTOR	1.00	Director	$0	$0	$0
ED BLUMENFELD	DIRECTOR	1.00	Director	$0	$0	$0
TODD SCHEFLER	DIRECTOR	1.00	Director	$0	$0	$0
KEN BRESLIN	DIRECTOR	1.00	Director	$0	$0	$0
WILBUR BRESLIN	DIRECTOR	1.00	Director	$0	$0	$0
JAN BURMAN	DIRECTOR	1.00	Director	$0	$0	$0
ADAM MANN	DIRECTOR	1.00	Director	$0	$0	$0
FRED COLIN	DIRECTOR	1.00	Director	$0	$0	$0
DOMINIC COLUCCIO	DIRECTOR	1.00	Director	$0	$0	$0
X CRISTOFER DAMIANOS	DIRECTOR	1.00	Director	$0	$0	$0
STACY FINKELSTEIN	DIRECTOR	1.00	Director	$0	$0	$0
MARK HAMER	DIRECTOR	1.00	Director	$0	$0	$0
STEVEN KAUFMAN	DIRECTOR	1.00	Director	$0	$0	$0
MARC KEMP	DIRECTOR	1.00	Director	$0	$0	$0
DONALD LEISTMAN	DIRECTOR	1.00	Director	$0	$0	$0
LEWIS MELTZER	DIRECTOR	1.00	Director	$0	$0	$0
LESTER PETRACCA	DIRECTOR	1.00	Director	$0	$0	$0
BENNETT RECHLER	DIRECTOR	1.00	Director	$0	$0	$0
MITCHELL RECHLER	DIRECTOR	1.00	Director	$0	$0	$0
JAY RHATICAN	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL SEROTA	DIRECTOR	1.00	Director	$0	$0	$0
HOWARD STEIN	DIRECTOR	1.00	Director	$0	$0	$0
PHILLIP WACHTLER	DIRECTOR	1.00	Director	$0	$0	$0
JOSHUA WEINKRANZ	DIRECTOR	1.00	Director	$0	$0	$0
JEFFREY WILKS	DIRECTOR	1.00	Director	$0	$0	$0
FRANK ZUCKERBROT	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN STAHL	DIRECTOR	1.00	Director	$0	$0	$0
KEN COYLE III	DIRECTOR	1.00	Director	$0	$0	$0
ERIC DORF	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTOPHER CAPECE	DIRECTOR	1.00	Director	$0	$0	$0
PAUL AMORUSO	DIRECTOR	1.00	Director	$0	$0	$0
KYLE STROBER	EXECUTIVE DIRECTOR	40.00	Officer	$221,565	$0	$221,565

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	$500,635	$398,136	$718,167	$102,499
2023	$567,109	$420,949	$563,522	$146,160
2022	$363,796	$369,425	$478,803	$-5,629
2021	$356,889	$329,545	$447,999	$27,344
2020	$346,956	$398,919	$430,413	$-51,963
2019	$421,022	$389,525	$456,996	$31,497
2018	$394,389	$347,976	$419,274	$46,413

THE ASSOCIATION FOR A BETTER LONG ISLAND INC