FISHERS ISLAND RECREATIONAL PATH FOUNDATION (EIN 113588899) - 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

2002

Principal Officer

JOHN MCGILLIAN

Tax Period

2024-01-01 to 2024-12-31

FISHERS ISLAND RECREATIONAL PATH FOUNDATION, founded in 2002, is a small nonprofit in the Recreation & Sports sector that reported $431K in total revenue in fiscal year 2024. Revenue surged 259% from the prior year, signaling strong growth momentum. The organization ran a surplus of $72K, a strong 17% operating margin.

Mission

FISHERS ISLAND RECREATIONAL PATH FOUNDATION WAS ESTABLISHED TO OVERSEE THE CONSTRUCTION AND MAINTENANCE OF A PUBLIC RECREATIONAL PATH FOR HTE ENTIRE FISHERS ISLAND COMMUNITY. BY CONSTRUCTING THE PATH, THE FOUNDATION HOPES TO PROMOTE AND IMPROVE THE HEALTH, SAFETY, RECREATION AND WELL-BEING OF HTE RESIDENTS OF SUFFOLK COUNTY, NEW YORK.

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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 $272,233

Program Service Revenue $0

Investment Income $159,160

Other Revenue $0

TOTAL REVENUE $431,393

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $356,680

Other Expenses $359,431

TOTAL EXPENSES $359,431

Year-over-Year Comparison

	2024	2023	Change
Revenue	$431,393	$120,193	+2.6%
Expenses	$359,431	$335,130	+0.1%
Net Income	$71,962	$-214,937	-1.3%

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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN MCGILLIAN	PRESIDENT	N/A	Officer Director	$0	$0	$0
RICHARD MILLER	VP AND SECRE	N/A	Officer Director	$0	$0	$0
TAYLOR BOSWELL	TREASURER	N/A	Officer Director	$0	$0	$0
JOHN BLONDEL	DIRECTOR	N/A	Director	$0	$0	$0
JOE BROCK	DIRECTOR	N/A	Director	$0	$0	$0
ELENA BRIM	DIRECTOR	N/A	Director	$0	$0	$0
KEVIN COLEMAN	DIRECTOR	N/A	Director	$0	$0	$0
CINDY COLLINS	DIRECTOR	N/A	Director	$0	$0	$0
KATHY HARRIS	DIRECTOR	N/A	Director	$0	$0	$0
WENDY HENDERSON	DIRECTOR	N/A	Director	$0	$0	$0
BRUCE HUBERT	DIRECTOR	N/A	Director	$0	$0	$0
BILL RIDGWAY	DIRECTOR	N/A	Director	$0	$0	$0
BRENDAN CARBONE	DIRECTOR	N/A	Director	$0	$0	$0
TORY VARTANIAN	DIRECTOR	N/A	Director	$0	$0	$0
DIANE FISKE	DIRECTOR	N/A	Director	$0	$0	$0
COURTNEY BOYA	DIRECTOR	N/A	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	$431,393	$359,431	$2,389,928	$71,962
2023	$120,193	$335,130	$2,394,383	$-214,937
2022	$174,469	$385,017	$2,510,494	$-210,548
2021	$474,123	$340,514	$2,887,759	$133,609
2020	$664,128	$424,441	$2,740,198	$239,687
2019	$51,018	$346,971	$2,473,186	$-295,953
2018	$37,735	$345,132	$2,753,352	$-307,397

FISHERS ISLAND RECREATIONAL PATH FOUNDATION