MILL NECK SERVICES INC (EIN 113119786) - 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

REV DAVID BENKE

Phone

5169223818

Tax Period

2023-01-01 to 2023-12-31

MILL NECK SERVICES INC, founded in 1992, is a community nonprofit in the Health Care sector that reported $4.4M in total revenue in fiscal year 2023. Expenses of $5.9M exceeded revenue, resulting in a 33% operating deficit.

Mission

TO SUPPORT AND ADVOCATE FOR PEOPLE WHO ARE DEAF, HARD OF HEARING, LATE DEAFENED AND/OR DEVELOPMENTALLY DISABLED TO FOSTER OPPORTUNITIES FOR EMPLOYMENT, INCLUSION, HABILITATION AND SOCIAL CHANGE.

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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 $331,579

Program Service Revenue $3,983,464

Investment Income $31,833

Other Revenue $101,079

TOTAL REVENUE $4,447,955

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,755,486

Fundraising Expenses $0

Program Expenses $4,858,151

Other Expenses $1,180,009

TOTAL EXPENSES $5,935,495

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,447,955	$4,518,297	0.0%
Expenses	$5,935,495	$5,624,325	+0.1%
Net Income	$-1,487,540	$-1,106,028	+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

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

$436,146

Total Directors

$112,467

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR DAVID BENKE	CHAIR	1.00	Officer Director	$0	$0	$0
WILLIAM CHARON	INTERIM CEO & VICE CHAIRMAN	1.00	Officer Director	$0	$0	$112,467
BRIAN FRIEDRICH	SECRETARY	1.00	Officer Director	$0	$0	$0
DR JOYCE BISSO	TRUSTEE	1.00	Director	$0	$0	$0
DR GREGORY WALTON	TRUSTEE	1.00	Director	$0	$0	$0
JOSEPH DIBARTOLO	TRUSTEE	1.00	Director	$0	$0	$0
DANILO TORRES	TRUSTEE	1.00	Director	$0	$0	$0
CHRIS ODDO	TRUSTEE	0.00	Director	$0	$0	$0
MATTHEW BIRN	SENIOR DIRECTOR	5.00	Officer	$113,345	$0	$113,345
MARTA REEGER	DIRECTOR OF DAY SERVICES	40.00	Officer	$0	$0	$0
CAROL-LYNN MILLS	QA- COMPLIANCE OFFICER	0.00	Officer	$0	$0	$0
TIM CHARON	INTERIM COO	12.00	Officer	$0	$0	$118,880
ADRIANO RANIERI	INTERIM DIRECTOR OF FINANCE	12.00	Officer	$0	$0	$91,454
JOHN SAAL	ASSISTANT DIRECTOR	35.00		$94,825	$0	$94,825
LORETTA MURRAY	EXECUTIVE DIRECTOR	42.00		$130,787	$0	$130,787
KEVIN THOMPSON	FORMER CFO	12.00		$0	$0	$158,513

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	No data	No data	No data	No data
2023	$4,447,955	$5,935,495	$1,500,392	$-1,487,540
2022	$4,518,297	$5,624,325	$2,157,276	$-1,106,028
2021	$4,726,123	$4,580,231	$2,227,375	$145,892
2020	$4,372,138	$4,224,475	$1,860,232	$147,663
2019	$5,442,594	$5,853,764	$1,990,612	$-411,170
2018	$5,824,212	$6,218,354	$2,196,575	$-394,142

MILL NECK SERVICES INC