AMAGANSETT VILLAGE IMPROVEMENT SOC… - Form 990 Financial Data

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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

1985

Legal Domicile

Principal Officer

VICTOR GELB

Phone

6312673490

Tax Period

2024-01-01 to 2024-12-31

AMAGANSETT VILLAGE IMPROVEMENT SOCIETY INC, founded in 1985, is a small nonprofit in the Environment sector that reported $152K in total revenue in fiscal year 2024. The organization ran a surplus of $35K, a strong 23% operating margin.

Mission

MAINTENANCE, PRESERVATION AND PROMOTION OF AMAGANSETT VILLAGE PUBLIC AREAS.

Program Service Accomplishments

Program 1

Expenses: $84,652

PLANTING OF NEW TREES AND FLOWERS, WATERING, FERTILIZING, MAINTAINING LAWNS AND HEDGES ON PUBLIC PROPERTY.

Program 2

Expenses: $6,812 Revenue: $48,004

TENNIS COURTS MAINTENANCE, INSTRUCTORS

Program 3

Expenses: $8,600

COLLEGE SCHOLARSHIPS TO CIVIC-MINDED TEENAGERS & DONATIONS TO LOCAL SCHOOL

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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 $49,881

Program Service Revenue $48,004

Investment Income $13,378

Other Revenue $40,469

TOTAL REVENUE $151,732

Expense Breakdown

Grants Paid $8,600

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $100,064

Other Expenses $107,748

TOTAL EXPENSES $116,348

Year-over-Year Comparison

	2024	2023	Change
Revenue	$151,732	$157,796	0.0%
Expenses	$116,348	$142,347	-0.2%
Net Income	$35,384	$15,449	+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

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
VICTOR A GELB	CO-PRESIDENT	3.00	Officer Director	$0	$0	$0
JOAN TULP	CO-PRESIDENT	3.00	Officer Director	$0	$0	$0
ALISON FANTINI	RECORDING SECRETARY	6.00	Officer Director	$0	$0	$0
EILEEN O'REILLY	TREASURER	3.00	Officer Director	$0	$0	$0
MARGUERITE DAVIDOWICZ	CORRESPONDING SECRETARY	3.00	Officer Director	$0	$0	$0
BARBARA BORG	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL CINQUE	DIRECTOR	1.00	Director	$0	$0	$0
ANNA BEMASEK	DIRECTOR	1.00	Director	$0	$0	$0
CAM GELB	DIRECTOR	1.00	Director	$0	$0	$0
SUE JAXHEIMER	DIRECTOR	1.00	Director	$0	$0	$0
KATHY MULLEN	DIRECTOR	1.00	Director	$0	$0	$0
PATRICIA GARVEY	DIRECTOR	1.00	Director	$0	$0	$0
KIM SLATER	DIRECTOR	1.00	Director	$0	$0	$0
SHARI THOMPSON	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	$151,732	$116,348	$559,321	$35,384
2023	$157,796	$142,347	$523,937	$15,449
2022	$142,992	$122,158	$508,488	$20,834

AMAGANSETT VILLAGE IMPROVEMENT SOCIETY INC