Manhasset Student Aid Association (EIN 116048468) - 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

1967

Legal Domicile

Principal Officer

Rich Lombard

Phone

5163654921

Tax Period

2023-07-01 to 2024-06-30

Manhasset Student Aid Association, founded in 1967, is a micro nonprofit in the Education sector that reported $38K in total revenue in fiscal year 2023. Revenue fell 51% from the prior year — a significant decline worth monitoring. Expenses of $46K exceeded revenue, resulting in a 21% operating deficit.

Mission

The primary goal of the Manhasset Student Association is to insure that no young man or woman residing in Manhasset will be barred from a serious pursuit of post high school education due to financial inability.The Manhasset Student Aid Association offers grants and interest-free loans to deserving students in order to supplement other available sources of funds as long as may be required for attendance at special training courses, vocational schools, two-year or four-year colleges, and in some cases, for graduate 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 (2023)

Revenue Breakdown

Contributions & Grants $38,461

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $38,461

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $46,484

Other Expenses $46,484

TOTAL EXPENSES $46,484

Year-over-Year Comparison

	2023	2022	Change
Revenue	$38,461	$79,264	-0.5%
Expenses	$46,484	$46,549	0.0%
Net Income	$-8,023	$32,715	-1.2%

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	Role	Reportable Comp	Other Comp	Total
Rich Lombard	President	Officer Director	$0	$0	$0
Diane Harragan	Director	Officer Director	$0	$0	$0
Constance Knies	Vice President-Fundraising	Officer Director	$0	$0	$0
Gary Stein	Treasurer	Officer Director	$0	$0	$0
Colleen Sharkey	Vice President- Selection	Officer Director	$0	$0	$0
Maureen Lavin	Director	Director	$0	$0	$0
Christy Weppler	Director	Director	$0	$0	$0
Donna Cullinan-Gillis	Director	Director	$0	$0	$0
Kristy Wede	Director	Director	$0	$0	$0
Sandra Liu Chen	Director	Director	$0	$0	$0
Rachel Yemm	Recording Secretary	Officer Director	$0	$0	$0
Ralph Desena	Executive Vice President	Officer Director	$0	$0	$0
Nicole Bisgeier	Vice President- Selection	Officer 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
2025	No data	No data	No data	No data
2024	$38,461	$46,484	$249,243	$-8,023
2023	$79,264	$46,549	$257,266	$32,715
2022	$46,898	$46,468	$224,551	$430
2021	$34,260	$66,092	$224,120	$-31,832
2020	$45,981	$71,007	$255,952	$-25,026
2019	$55,714	$69,650	$280,978	$-13,936
2018	$38,526	$89,014	$294,914	$-50,488

Manhasset Student Aid Association