GARDEN CITY TEACHERS ASSOC BENEFIT C/O DAVID HAKES (EIN 113116009) - 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

DAVID HAKES

Phone

5169874578

Tax Period

2022-07-01 to 2023-06-30

GARDEN CITY TEACHERS ASSOC BENEFIT C/O DAVID HAKES, founded in 1992, is a small nonprofit that reported $890K in total revenue in fiscal year 2022. Expenses of $990K exceeded revenue, resulting in a 11% operating deficit.

Mission

TO PROVIDE SUPPLEMENTAL EXCESS MAJOR MEDICAL, LONG-TERM DISABILITY & VISION INSURANCE TO ALL MEMBERS AND THEIR ELIGIBLE DEPENDENTS AS WELL AS DENTAL & LEGAL BENEFITS, AND FINANCIAL COUNSELING.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $884,092

Investment Income $6,056

Other Revenue $0

TOTAL REVENUE $890,148

Expense Breakdown

Grants Paid $0

Salaries & Benefits $17,000

Fundraising Expenses $0

Other Expenses $62,009

TOTAL EXPENSES $989,733

Year-over-Year Comparison

	2022	2021	Change
Revenue	$890,148	$877,719	+0.0%
Expenses	$989,733	$930,222	+0.1%
Net Income	$-99,585	$-52,503	+0.9%

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

N/A

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

Total Directors

$49,232

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES COTTER	TRUSTEE	5.00	Director	$1,500	$0	$21,500
SUSAN SHEA	TRUSTEE	5.00	Director	$1,500	$0	$11,616
DAVID HAKES	CHAIRPERSON	5.00	Director	$0	$0	$10,116
CATHERINE FORTE	TRUSTEE	5.00	Director	$1,500	$0	$1,500
PATRICIA LUPO	TRUSTEE	5.00	Director	$1,500	$0	$1,500
BRIAN MCDONALD	TRUSTEE	5.00	Director	$1,500	$0	$1,500
KAREN NARDONE	TRUSTEE	5.00	Director	$1,500	$0	$1,500

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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$890,148	$989,733	$562,913	$-99,585
2022	$877,719	$930,222	$644,560	$-52,503
2021	$839,602	$934,505	$712,529	$-94,903
2020	$813,381	$829,359	$838,259	$-15,978
2019	$811,314	$917,073	$836,189	$-105,759
2018	$807,147	$928,131	$935,170	$-120,984

GARDEN CITY TEACHERS ASSOC BENEFIT C/O DAVID HAKES