LONG ISLAND CONTRACTORS ASSOCIATION INC (EIN 116011736) - 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

1946

Legal Domicile

Principal Officer

MARC HERBST

Phone

6312315422

Tax Period

2023-01-01 to 2023-12-31

LONG ISLAND CONTRACTORS ASSOCIATION INC, founded in 1946, is a small nonprofit that reported $397K in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year. Expenses of $881K exceeded revenue, resulting in a 122% operating deficit.

Mission

TO MAKE MEMBERSHIP IN THE ASSOCIATION A REASONABLE ASSURANCE TO THE PUBLIC OF THE SKILL, INTEGRITY AND RESPONSIBILITY OF ITS MEMBERS.

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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 $40,250

Program Service Revenue $231,933

Investment Income $0

Other Revenue $124,954

TOTAL REVENUE $397,137

Expense Breakdown

Grants Paid $0

Salaries & Benefits $262,783

Fundraising Expenses $0

Other Expenses $617,939

TOTAL EXPENSES $880,722

Year-over-Year Comparison

	2023	2022	Change
Revenue	$397,137	$435,845	-0.1%
Expenses	$880,722	$830,717	+0.1%
Net Income	$-483,585	$-394,872	+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

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

$518,798

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES PRATT III	CHAIRMAN	10.25	Officer Director	$0	$0	$0
PAUL FARINO	SECRETARY & TREASURER	0.25	Officer Director	$0	$0	$0
PHILLIP BEYER	DIRECTOR	0.25	Director	$0	$0	$0
JASON GOLDEN	DIRECTOR	0.25	Director	$0	$0	$0
JAMES HANEY III	DIRECTOR	0.25	Director	$0	$0	$0
WILLIAM HAUGLAND JR	DIRECTOR	0.25	Director	$0	$0	$0
JOSEPH K POSILLICO	DIRECTOR	0.25	Director	$0	$0	$0
SAMANTHA RUTTURA	DIRECTOR	0.25	Director	$0	$0	$0
PETER SCALAMANDRE	DIRECTOR	0.25	Director	$0	$0	$0
MARC HERBST	EXECUTIVE DIRECTOR	20.00	Officer	$143,804	$82,636	$370,244
SHERYL BURO	DEPUTY EXECUTIVE DIRECTOR/	10.00	Officer	$24,985	$48,613	$148,554

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	$397,137	$880,722	$407,360	$-483,585
2022	$435,845	$830,717	$452,505	$-394,872
2021	$399,466	$698,353	$334,143	$-298,887
2020	$360,355	$622,241	$249,442	$-261,886
2019	$441,194	$603,458	$361,987	$-162,264
2018	$361,360	$548,543	$286,065	$-187,183

LONG ISLAND CONTRACTORS ASSOCIATION INC