LONG ISLAND BUSINESS AVIATION ASSOC (EIN 113616111) - 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

2001

Legal Domicile

Principal Officer

JOE LOCCISANO

Phone

5163619095

Tax Period

2023-01-01 to 2023-12-31

LONG ISLAND BUSINESS AVIATION ASSOC, founded in 2001, is a micro nonprofit in the Community Improvement sector that reported $94K in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $31K, a strong 33% operating margin.

Mission

LONG ISLAND BUSINESS AVIATION ASSOC., (LIBAA) IS A NON-PROFIT ORGANIZATION WHICH REPRESENTS THE VOICE OF LONG ISLAND'S BUSINESS AVIATION COMMUNITY. WE HELP EDUCATE THE PUBLIC AT LARGE ABOUT THE VALUE OF OUR AIRPORTS AND PROTECT THE VERY FUTURE OF YOUR BUSINESS AND OF THE AVIATION ECONOMY ON LONG ISLAND.

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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 $40,135

Program Service Revenue $0

Investment Income $8,203

Other Revenue $45,621

TOTAL REVENUE $93,959

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $62,968

TOTAL EXPENSES $62,968

Year-over-Year Comparison

	2023	2022	Change
Revenue	$93,959	$82,990	+0.1%
Expenses	$62,968	$57,293	+0.1%
Net Income	$30,991	$25,697	+0.2%

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

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
STEVE ATTARD	VOTING DIREC	1.00	Director	$0	$0	$0
WALTER BUSER	VOTING DIREC	1.00	Director	$0	$0	$0
SUZANNE COSGROVE	VOTING DIREC	1.00	Director	$0	$0	$0
JOHN DETURRIS	VOTING DIREC	1.00	Director	$0	$0	$0
RICH DIMARTINO	VOTING DIREC	1.00	Director	$0	$0	$0
DORIS GIAMBRUNO	EXECUTIVE DI	3.00	Director	$0	$0	$0
DENNIS KANEY	VOTING DIREC	1.00	Director	$0	$0	$0
DAVID LANGE	VOTING DIREC	1.00	Director	$0	$0	$0
PAUL LANGE	VOTING DIREC	1.00	Director	$0	$0	$0
MICHAEL MULLER	VOTING DIREC	1.00	Director	$0	$0	$0
KEITH RUGGIRELLO	VOTING DIREC	1.00	Director	$0	$0	$0
JOSEPH VITULLI	VOTING DIREC	1.00	Director	$0	$0	$0
JOE LOCCISANO	PRESIDENT	3.00	Officer	$0	$0	$0
RON NAANE	TREASURER	2.00	Officer	$0	$0	$0
PETER PRINZIVALLI	VICE PRESIDE	2.00	Officer	$0	$0	$0
GEORGE VLAHAKIS	SECRETARY	2.00	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	No data	No data	No data	No data
2023	$93,959	$62,968	$307,998	$30,991
2022	$82,990	$57,293	$281,979	$25,697
2021	$69,938	$63,531	$245,932	$6,407
2020	$58,706	$42,061	$237,225	$16,645
2019	$81,393	$57,587	$225,910	$23,806
2018	$84,012	$55,076	$186,722	$28,936

LONG ISLAND BUSINESS AVIATION ASSOC