GREATER PORT WASHINGTON BUSINESS IMPROVEMENT DISTRICT ASSOCIATION (EIN 113319424) - 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

Annette Oestreich

Phone

5168838890

Tax Period

2024-01-01 to 2024-12-31

GREATER PORT WASHINGTON BUSINESS IMPROVEMENT DISTRICT ASSOCIATION, founded in 1995, is a small nonprofit in the Community Improvement sector that reported $254K in total revenue in fiscal year 2024. Expenses of $234K left a modest 8% surplus.

Mission

The organization is a district management association established pursuant to General Municipal Law Sect. 980-M to carry out the activities of the business improvement district established by the Town of North Hempstead. The purpose of the district is to enhance the downtown business environment, encourage visitors and shoppers, and eliminate blight. The organization is a component unit of the Town of North Hempstead.

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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 $16,035

Program Service Revenue $222,914

Investment Income $8,852

Other Revenue $6,230

TOTAL REVENUE $254,031

Expense Breakdown

Grants Paid $0

Salaries & Benefits $66,422

Fundraising Expenses $0

Program Expenses $199,742

Other Expenses $167,804

TOTAL EXPENSES $234,226

Year-over-Year Comparison

	2024	2023	Change
Revenue	$254,031	$261,217	0.0%
Expenses	$234,226	$254,580	-0.1%
Net Income	$19,805	$6,637	+2.0%

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

$61,700

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Holly Byrne	Executive Dir.	35.00	Officer	$61,700	$0	$61,700
Donna Rice	President	1.00	Officer Director	$0	$0	$0
Halime Berkay	Vice President	1.00	Officer Director	$0	$0	$0
Annette Oestreich	Treasurer	1.00	Officer Director	$0	$0	$0
Nadine Delmonte	Secretary	1.00	Officer Director	$0	$0	$0
Hon Mariann Dalimonte	Director	1.00	Director	$0	$0	$0
Bonnie Doran	Director	1.00	Director	$0	$0	$0
Manny Galanis	Director	1.00	Director	$0	$0	$0
Michael Tretola	Director	1.00	Director	$0	$0	$0
Paul Oleksiw	Director	1.00	Director	$0	$0	$0
Cindie Leigh	Director	1.00	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	$254,031	$234,226	$342,610	$19,805
2023	$261,217	$254,580	$329,456	$6,637
2022	$235,322	$243,875	$338,815	$-8,553
2021	$224,537	$184,972	$334,771	$39,565
2020	$217,499	$188,007	$310,068	$29,492
2019	$204,199	$193,348	$282,631	$10,851
2018	$208,682	$192,106	$281,661	$16,576

GREATER PORT WASHINGTON BUSINESS IMPROVEMENT DISTRICT ASSOCIATION