FIRE ISLAND ASSOCIATION C/O SHEEHAN & COMPANY CPA PC (EIN 133131355) - 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

1955

Legal Domicile

Principal Officer

SUZANNE L GOLDHIRSCH

Phone

6316657040

Tax Period

2023-01-01 to 2023-12-31

FIRE ISLAND ASSOCIATION C/O SHEEHAN & COMPANY CPA PC, founded in 1955, is a small nonprofit that reported $169K in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $194K exceeded revenue, resulting in a 14% operating deficit.

Mission

PRESERVATION OF FIRE 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 $138,544

Program Service Revenue $0

Investment Income $30,680

Other Revenue $0

TOTAL REVENUE $169,224

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $122,698

Other Expenses $193,585

TOTAL EXPENSES $193,585

Year-over-Year Comparison

	2023	2022	Change
Revenue	$169,224	$147,064	+0.2%
Expenses	$193,585	$215,865	-0.1%
Net Income	$-24,361	$-68,801	-0.6%

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
SUZANNE GOLDHIRSCH	PRESIDENT	30.00	Officer	$0	$0	$0
RODMAN PAUL	EXECUTIVE VICE PRESIDENT	5.00	Officer	$0	$0	$0
JANET HURLEY	FIRST VICE PRESIDENT	5.00	Officer	$0	$0	$0
KAREN KEE	TREASURER	5.00	Officer	$0	$0	$0
SUZANNE JOHNSON	SECOND VICE PRESIDENT	5.00	Officer	$0	$0	$0
HUGH O'BRIEN	SECRETARY	5.00	Officer	$0	$0	$0
CHRIS NORRIS	THIRD VICE PRESIDENT	5.00	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	$169,224	$193,585	$747,366	$-24,361
2022	$147,064	$215,865	$683,588	$-68,801
2021	$152,897	$182,230	$876,267	$-29,333
2020	$141,832	$123,180	$834,475	$18,652

FIRE ISLAND ASSOCIATION C/O SHEEHAN & COMPANY CPA PC