LONG ISLAND PLATFORM TENNIS ASSOCIATION INC

EIN: 113390546 Recreation & Sports

COLD SPRING HARBOR, NY

Total Revenue
$123,313
Total Expenses
$142,982
Total Assets
$112,535
Net Assets
$112,535
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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
2015
Legal Domicile
NY
Principal Officer
TIM MANGAN
Phone
5166355960
Tax Period
2023-05-01 to 2024-04-30

LONG ISLAND PLATFORM TENNIS ASSOCIATION INC, founded in 2015, is a small nonprofit in the Recreation & Sports sector that reported $123K in total revenue in fiscal year 2023. Expenses of $143K exceeded revenue, resulting in a 16% operating deficit.

Mission

RUN AND OPERATE A PLATFORM TENNIS LEAGUE

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $30,400
Investment Income $44
Other Revenue $92,869
TOTAL REVENUE $123,313

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $64,371
Other Expenses $142,982
TOTAL EXPENSES $142,982

Year-over-Year Comparison

2023 2022 Change
Revenue $123,313 $123,584 0.0%
Expenses $142,982 $133,102 +0.1%
Net Income $-19,669 $-9,518 +1.1%
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

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Governance

Voting Members
N/A
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
4
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DOUGLAS JOHNSON PRESIDENT 12.00
Officer
$0 $0 $0
TIM MANGAN VICE PRESIDENT 20.00
Officer
$0 $0 $0
DONALD KARABAICH TRESURER 12.00
Officer
$0 $0 $0
LARRY CORNACCHIA SECRETARY 20.00
Officer
$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 $123,313 $142,982 $112,535 $-19,669
2023 $123,584 $133,102 $132,204 $-9,518
2022 $227,805 $229,573 $141,722 $-1,768
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