LONG ISLAND BUSINESS DEVELOPMENT COUNCIL INC (EIN 113316342) - 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

1995

Legal Domicile

Principal Officer

STEVEN E SCHRAMM

Phone

5164283851

Tax Period

2024-11-01 to 2025-10-31

LONG ISLAND BUSINESS DEVELOPMENT COUNCIL INC, founded in 1995, is a small nonprofit in the Community Improvement sector that reported $299K in total revenue in fiscal year 2024. The organization ran a surplus of $52K, a strong 17% operating margin.

Mission

THE LIBDC HELPS ITS MEMBERS FOR CLOSE ASSOCIATIONS AND BUSINESS RELATIONSHIPS WHILE PROVIDING A PLATFORM FOR AN HONEST EVALUATION OF LONG ISLANDS ECONOMIC FUTURE

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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 $298,589

Program Service Revenue $0

Investment Income $365

Other Revenue $0

TOTAL REVENUE $298,954

Expense Breakdown

Grants Paid $0

Salaries & Benefits $17,800

Fundraising Expenses $0

Program Expenses $227,354

Other Expenses $229,123

TOTAL EXPENSES $246,923

Year-over-Year Comparison

	2024	2023	Change
Revenue	$298,954	$283,974	+0.1%
Expenses	$246,923	$291,234	-0.2%
Net Income	$52,031	$-7,260	-8.2%

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	Reportable Comp	Other Comp	Total
THEODORE P SASSO JR	CO-CHAIR	5.00	$0	$0	$0
MITCHELL PALLY	CO-CHAIR	5.00	$0	$0	$0
STEVEN E SCHRAMM	TREASURER	10.00	$0	$0	$0
WILLIAM MANNIX	EXECUTIVE BOARD	5.00	$0	$0	$0
ANDREW D PRESBERG ESQ	EXECUTIVE BOARD	N/A	$0	$0	$0
MARLENE MCDONNEL	EXECUTIVE BOARD	15.00	$11,800	$0	$11,800
JAMES GOLDRICK	EXECUTIVE BOARD	5.00	$0	$0	$0
DENISE ANGIULO	EXECUTIVE BOARD	5.00	$0	$0	$0
KATHY PASQUALE	EXECUTIVE BOARD	5.00	$0	$0	$0
BRAD HEMINGWAY	EXECUTIVE BOARD	5.00	$0	$0	$0
JOHN WALSNER	EXECUTIVE BOARD	5.00	$0	$0	$0
LISA MULLIGAN	EXECUTIVE BOARD	5.00	$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
2025	$298,954	$246,923	$246,343	$52,031
2024	$357,225	$302,658	$184,312	$54,567

LONG ISLAND BUSINESS DEVELOPMENT COUNCIL INC