LONG ISLAND CITY BUSINESS IMPROVEMENT DISTRICT INC (EIN 202889318) - 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

2005

Legal Domicile

Principal Officer

LAURA ROTHROCK

Phone

7187865300

Tax Period

2024-07-01 to 2025-06-30

LONG ISLAND CITY BUSINESS IMPROVEMENT DISTRICT INC, founded in 2005, is a community nonprofit in the Community Improvement sector that reported $1.6M in total revenue in fiscal year 2024. Revenue surged 51% from the prior year, signaling strong growth momentum. Expenses of $1.4M left a modest 9% surplus.

Mission

PROMOTE THE VITALITY AND ECONOMIC GROWTH OF A BUSINESS IMPROVEMENT DISTRICT LOCATED IN NYC.

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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 $8,167

Program Service Revenue $1,529,489

Investment Income $23,443

Other Revenue $0

TOTAL REVENUE $1,561,099

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,335,854

Other Expenses $1,423,768

TOTAL EXPENSES $1,423,768

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,561,099	$1,036,761	+0.5%
Expenses	$1,423,768	$987,684	+0.4%
Net Income	$137,331	$49,077	+1.8%

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

247

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

$255,758

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID BRAUSE	CHAIR	2.00	Officer Director	$0	$0	$0
PATRICIA DUNPHY	VICE CHAIR	1.00	Officer Director	$0	$0	$0
PAULA KIRBY	TREASURER	2.00	Officer Director	$0	$0	$0
GRETCHEN WERWAISS	SECRETARY	1.00	Officer Director	$0	$0	$0
AARON SHIRIAN	DIRECTOR	0.50	Director	$0	$0	$0
ADAM GOOD	DIRECTOR	0.50	Director	$0	$0	$0
ADAM KAUFMAN	DIRECTOR	0.50	Director	$0	$0	$0
AHMET CIVELEK	DIRECTOR	0.50	Director	$0	$0	$0
ALLISON DUVAL	DIRECTOR	0.50	Director	$0	$0	$0
ANDREW EBENSTEIN	DIRECTOR	0.50	Director	$0	$0	$0
CHARLES BOYCE	DIRECTOR	0.50	Director	$0	$0	$0
CHRISTOPHER WEICKERT	DIRECTOR	0.50	Director	$0	$0	$0
DAN MOGOLESKO	DIRECTOR	0.50	Director	$0	$0	$0
DEBBIE MARKELL KLEINHART	DIRECTOR	0.50	Director	$0	$0	$0
DEBORAH WOLPERT	DIRECTOR	0.50	Director	$0	$0	$0
ELLEN DAY	DIRECTOR	0.50	Director	$0	$0	$0
ERIC BENAIM	DIRECTOR	0.50	Director	$0	$0	$0
ERICA DESAI	DIRECTOR	0.50	Director	$0	$0	$0
ETAI GROSS	DIRECTOR	0.50	Director	$0	$0	$0
F LEE MERWIN	DIRECTOR	0.50	Director	$0	$0	$0
FLORENCE KOULOURIS	DIRECTOR	0.50	Director	$0	$0	$0
GEORGE HESLIN	DIRECTOR	0.50	Director	$0	$0	$0
GIANNA CERBONE-TEOLI	DIRECTOR	0.50	Director	$0	$0	$0
HANNAH WORSCHEH	DIRECTOR	0.50	Director	$0	$0	$0
HAO CHEN	DIRECTOR	0.50	Director	$0	$0	$0
HENRY GOODFRIEND	DIRECTOR	0.50	Director	$0	$0	$0
IDO SIMYONI	DIRECTOR	0.50	Director	$0	$0	$0
IVAN KARPOV	DIRECTOR	0.50	Director	$0	$0	$0
JASON BECKMANN	DIRECTOR	0.50	Director	$0	$0	$0
JASPER WU	DIRECTOR	0.50	Director	$0	$0	$0
JERRY LASPISA	DIRECTOR	0.50	Director	$0	$0	$0
JOE MCMANUS	DIRECTOR	0.50	Director	$0	$0	$0
JP DESTREZA	DIRECTOR	0.50	Director	$0	$0	$0
JUSTIN GINSBURGH	DIRECTOR	0.50	Director	$0	$0	$0
LAUREN LARSEN	DIRECTOR	0.50	Director	$0	$0	$0
LAWRENCE SMITH	DIRECTOR	0.50	Director	$0	$0	$0
LEI ZHU	DIRECTOR	0.50	Director	$0	$0	$0
LYUDMILLA SPAJIC	DIRECTOR	0.50	Director	$0	$0	$0
MARK GREGORIO	DIRECTOR	0.50	Director	$0	$0	$0
NAVID MORADI	DIRECTOR	0.50	Director	$0	$0	$0
NICK GULOTTA	DIRECTOR	0.50	Director	$0	$0	$0
PAIMAAN LODHI	DIRECTOR	0.50	Director	$0	$0	$0
PETER CHIE	DIRECTOR	0.50	Director	$0	$0	$0
RACHEL COHEN	DIRECTOR	0.50	Director	$0	$0	$0
RACHEL SUNA BRITCHKOW	DIRECTOR	0.50	Director	$0	$0	$0
ROBERTY JAEGLY	DIRECTOR	0.50	Director	$0	$0	$0
RUNZE YANG	DIRECTOR	0.50	Director	$0	$0	$0
SARAH COHEN	DIRECTOR	0.50	Director	$0	$0	$0
SARAH WEITLAUF	DIRECTOR	0.50	Director	$0	$0	$0
SHURN ANDERSON	DIRECTOR	0.50	Director	$0	$0	$0
STEPHEN KIM	DIRECTOR	0.50	Director	$0	$0	$0
SURAJ PATEL	DIRECTOR	0.50	Director	$0	$0	$0
VICTOR NAIR	DIRECTOR	0.50	Director	$0	$0	$0
ZAXX ABRAHAM	DIRECTOR	0.50	Director	$0	$0	$0
LAURA ROTHROCK	EXECUTIVE DIRECTOR	20.00	Officer	$0	$14,197	$255,758

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	$1,561,099	$1,423,768	$878,858	$137,331
2024	$1,036,761	$987,684	$623,897	$49,077
2023	$1,023,984	$1,001,992	$592,490	$21,992
2022	$949,448	$832,600	$632,781	$116,848
2021	$928,913	$916,819	$551,537	$12,094
2020	$908,828	$946,390	$571,175	$-37,562
2019	$914,049	$906,078	$490,926	$7,971
2018	$828,056	$770,507	$433,669	$57,549

LONG ISLAND CITY BUSINESS IMPROVEMENT DISTRICT INC