THE RESEARCH CORPORATION OF LONG ISLAND INC (EIN 113065035) - 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

1992

Legal Domicile

Principal Officer

RICHARD LIN MD

Phone

6312614400

Tax Period

2024-01-01 to 2024-12-31

THE RESEARCH CORPORATION OF LONG ISLAND INC, founded in 1992, is a micro nonprofit that reported $71K in total revenue in fiscal year 2024. Revenue fell 56% from the prior year — a significant decline worth monitoring. Expenses of $126K exceeded revenue, resulting in a 78% operating deficit.

Mission

THE MISSION OF THE ORGANIZATION IS TO ENHANCE THE HEALTH OF VETERANS OF ALL GENERATIONS THROUGH RESEARCH AND EDUCATION.

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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 (2024)

Revenue Breakdown

Contributions & Grants $62,491

Program Service Revenue $250

Investment Income $8,208

Other Revenue $0

TOTAL REVENUE $70,949

Expense Breakdown

Grants Paid $0

Salaries & Benefits $91,268

Fundraising Expenses $0

Program Expenses $31,200

Other Expenses $34,694

TOTAL EXPENSES $125,962

Year-over-Year Comparison

	2024	2023	Change
Revenue	$70,949	$161,386	-0.6%
Expenses	$125,962	$268,266	-0.5%
Net Income	$-55,013	$-106,880	-0.5%

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

Governance

Voting Members

Independent Members

Employees

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

$308,130

Total Directors

$929,432

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANTONIO SANCHEZ MD	TREASURER	4.00	Director	$0	$0	$350,976
CHARLENE THOMESEN MD	BOARD MEMBER	2.00	Director	$0	$0	$320,794
RICHARD LIN MD	CHAIRMAN	10.00	Officer	$0	$0	$308,130
IMRAN BAIG MD	BOARD MEMBER	2.00	Director	$0	$0	$257,662
DAVID MONTROSE PHD	BOARD MEMBER	2.00	Director	$0	$0	$0
KENNETH SHROYER MD PHD	BOARD MEMBER	2.00	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	$70,949	$125,962	$299,043	$-55,013
2023	$161,386	$268,266	$357,296	$-106,880
2022	$161,309	$234,198	$467,721	$-72,889
2021	$225,534	$230,940	$535,353	$-5,406
2020	$331,858	$325,041	$567,891	$6,817
2019	$304,059	$383,648	$551,473	$-79,589
2018	$463,143	$577,372	$640,572	$-114,229

THE RESEARCH CORPORATION OF LONG ISLAND INC