LONG ISLAND GOLF ASSOCIATION INC (EIN 112996300) - 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

1978

Legal Domicile

Principal Officer

PETER J HOFFMAN

Phone

9149094869

Tax Period

2023-11-01 to 2024-10-31

LONG ISLAND GOLF ASSOCIATION INC, founded in 1978, is a micro nonprofit in the Recreation & Sports sector that reported $65 in total revenue in fiscal year 2023. Revenue fell 100% from the prior year — a significant decline worth monitoring. Expenses of $244K exceeded revenue, resulting in a 374923% operating deficit.

Mission

LONG ISLAND GOLF ASSOCIATION HOLD TOURNAMENTS FOR THE PURPOSE OF DETERMINING THE VARIOUS LONG ISLAND GOLF CHAMPIONS, TO PROMOTE GOOD FELLOWSHIP AND FRIENDLY RIVALRY AMONG THE GOLF PLAYERS AND GOLF CLUBS ON LONG ISLAND; TO FOSTER AND PRESERVE ALL THE ANCIENT AND HONORABLE TRADITIONS OF THE GAME OF GOLF; AND TO FURTHER THE ADVANCEMENT OF THE GAME OF GOLF.

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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 $0

Investment Income $65

Other Revenue $0

TOTAL REVENUE $65

Expense Breakdown

Grants Paid $220,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $231,864

Other Expenses $23,765

TOTAL EXPENSES $243,765

Year-over-Year Comparison

	2023	2022	Change
Revenue	$65	$331,099	-1.0%
Expenses	$243,765	$354,929	-0.3%
Net Income	$-243,700	$-23,830	+9.2%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAY V SESSA II	PRESIDENT	3.00	Officer Director	$0	$0	$0
DANIEL GOLDSTEIN	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
PETER J HOFFMAN	TREASURER	3.00	Officer Director	$0	$0	$0
EDWARD T GIBSTEIN	SECRETARY	3.00	Officer Director	$0	$0	$0
COLBY ANDERSON	BOARD MEMBER	3.00	Director	$0	$0	$0
GLENN CARUSO	BOARD MEMBER	3.00	Director	$0	$0	$0
GEORGE DELIANIDES	BOARD MEMBER	3.00	Director	$0	$0	$0
PATRICE FRANCO	BOARD MEMBER	3.00	Director	$0	$0	$0
PAUL KOTCHER	BOARD MEMBER	3.00	Director	$0	$0	$0
JAMES L DUNNE	BOARD MEMBER	3.00	Director	$0	$0	$0
DARIN GOLDSTEIN	BOARD MEMBER	3.00	Director	$0	$0	$0
JONATHAN FARBER	BOARD MEMBER	3.00	Director	$0	$0	$0
OLIVER A HUDESMAN	BOARD MEMBER	3.00	Director	$0	$0	$0
THOMAS F LORITO	BOARD MEMBER	3.00	Director	$0	$0	$0
BRYAN PENDRICK	BOARD MEMBER	3.00	Director	$0	$0	$0
ANTHONY RUGGIERO	BOARD MEMBER	3.00	Director	$0	$0	$0
ADAM RUSSELL	BOARD MEMBER	3.00	Director	$0	$0	$0
JOSEPH SALADINO	BOARD MEMBER	3.00	Director	$0	$0	$0
EDWARD T GIBSTEIN	BOARD MEMBER	3.00	Director	$0	$0	$0
ROBERT WEPPLER	BOARD MEMBER	3.00	Director	$0	$0	$0
STEPHEN A SMITH	BOARD MEMBER	3.00	Director	$0	$0	$0
JORDAN ZIEGLER	BOARD MEMBER	3.00	Director	$0	$0	$0
PATRICK L DONNELLY	BOARD MEMBER	3.00	Director	$0	$0	$0
JARED BRECHER	BOARD MEMBER	3.00	Director	$0	$0	$0
GEORGE GATTA	PAST PRESIDENT	3.00	Director	$0	$0	$0
MARTIN WINKELMAN	PAST PRESIDENT	3.00	Director	$0	$0	$0
ROBERT J CAPAZZI	PAST PRESIDENT	3.00	Director	$0	$0	$0
WILLIAM J CARIELLO	PAST PRESIDENT	3.00	Director	$0	$0	$0
DAVID MATTANA	PAST PRESIDENT	3.00	Director	$0	$0	$0
MICHAEL J SULLIVAN	PAST PRESIDENT	3.00	Director	$0	$0	$0
JOHN PARTILLA	PAST PRESIDENT	3.00	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	$65	$243,765	$5,337	$-243,700
2023	$331,099	$354,929	$249,037	$-23,830
2022	$346,717	$345,975	$272,867	$742
2021	$324,693	$313,913	$272,125	$10,780

LONG ISLAND GOLF ASSOCIATION INC