SENIOR ISLE INN INC

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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

1999

Legal Domicile

Principal Officer

JOHN H GREENWOOD

Phone

2125295252

Tax Period

2022-07-01 to 2023-06-30

SENIOR ISLE INN INC, founded in 1999, is a community nonprofit in the Housing & Shelter sector that reported $2.0M in total revenue in fiscal year 2022. Revenue fell 27% from the prior year — a significant decline worth monitoring.

Mission

THE MISSION OF SENIOR ISLE INN INC. IS TO OPERATE SENIOR RESIDENCE, CALLED ISLAND SHORES SENIOR RESIDENCE ("ISLAND SHORES"). ISLAND SHORES IS A PREMIER, INDEPENDENT-LIVING RESIDENCE FOR OLDER ADULTS LOCATED ON THE SOUTH SHORE OF STATEN ISLAND OVERLOOKING BEAUTIFUL NEW YORK BAY. ISLAND SHORE PROVIDES LODGING, BOARD & HOUSEKEEPING SERVICES, ALONG WITH RECREATIONAL AND HEALTH & WELL-BEING AMENITIES TO ALL RESIDENTS.

Program Service Accomplishments

Program 1

Expenses: $1,567,082 Revenue: $797,606

SENIOR ISLES INN ("SII") OPERATES ONE SENIOR RESIDENCE, CALLED ISLAND SHORES SENIOR RESIDENCES ("ISLAND SHORES"), THAT PROVIDE AN INDEPENDENT-LIVING RESIDENCE AND OTHER SUPPORTING SERVICES, INCLUDING MEALS, HOUSEKEEPING, AND VARIOUS RECREATIONAL AND EDUCATIONAL AMENITIES. AS NECESSARY, SII ALSO ASSISTS RESIDENTS IN OBTAINING EASILY ACCESSIBLE MEDICAL AND PHARMACEUTICAL SERVICES.

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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 (2022)

Revenue Breakdown

Contributions & Grants $1,196,255

Program Service Revenue $797,606

Investment Income $265

Other Revenue $17

TOTAL REVENUE $1,994,143

Expense Breakdown

Grants Paid $0

Salaries & Benefits $676,556

Fundraising Expenses $0

Program Expenses $1,567,082

Other Expenses $1,403,127

TOTAL EXPENSES $2,079,683

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,994,143	$2,729,000	-0.3%
Expenses	$2,079,683	$2,914,714	-0.3%
Net Income	$-85,540	$-185,714	-0.5%

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

$737,280

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID WEBB	CHAIRMAN	2.00	Officer Director	$0	$0	$0
STEVEN COHEN	SECRETARY	2.00	Officer Director	$0	$0	$0
MICHAEL KALMUS	TREASURER	2.00	Officer Director	$0	$0	$0
DAVID JONES	DIRECTOR (THRU 06/2023)	2.00	Director	$0	$0	$0
RICHARD FINKELSTEIN	DIRECTOR	2.00	Director	$0	$0	$0
SUSANNE HUROWITZ	DIRECTOR	2.00	Director	$0	$0	$0
PETER K JENIK	DIRECTOR	2.00	Director	$0	$0	$0
STEVEN KRAUSE	DIRECTOR	2.00	Director	$0	$0	$0
JOHN H GREENWOOD	EXECUTIVE DIRECTOR	2.00	Officer	$0	$38,428	$292,457
AARON GOODMAN	CHIEF ADMINISTRATION OFFICER	2.00	Officer	$0	$32,886	$229,911
GRETCHEN J HERNANDEZ	DEPUTY EXECUTIVE DIRECTOR	2.00	Officer	$0	$44,272	$214,912

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
2023	$1,994,143	$2,079,683	$385,782	$-85,540
2022	$2,729,000	$2,914,714	$626,943	$-185,714
2021	$3,342,075	$3,450,379	$1,235,207	$-108,304
2020	$5,077,474	$5,359,864	$1,527,749	$-282,390
2019	$5,624,213	$6,081,770	$1,534,016	$-457,557
2018	$3,751,320	$4,290,182	$1,997,022	$-538,862