THE FRIENDS OF GLEN COVE YOUTH BOARD INC (EIN 203651001) - 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

2012

Legal Domicile

Principal Officer

ROBERTO TELESE

Phone

5166714600

Tax Period

2024-01-01 to 2024-12-31

THE FRIENDS OF GLEN COVE YOUTH BOARD INC, founded in 2012, is a small nonprofit in the Human Services sector that reported $209K in total revenue in fiscal year 2024. Expenses of $244K exceeded revenue, resulting in a 16% operating deficit.

Mission

TO SUPPORT AND AUGMENT MANY OF THE PROGRAMS OFFERED BY THE GLEN COVE YOUTH BUREAU AND OFFER SCHOLARSHIPS TO GLEN COVE YOUTH WHO DEMONSTRATE EXTRAORDINARY SERVICE TO THEIR COMMUNITY.

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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 $209,378

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $209,378

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $243,560

Other Expenses $243,560

TOTAL EXPENSES $243,560

Year-over-Year Comparison

	2024	2023	Change
Revenue	$209,378	N/A	N/A
Expenses	$243,560	N/A	N/A
Net Income	$-34,182	N/A	N/A

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

N/A

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERTO TELESE	Chairman	0.00	Director	$0	$0	$0
MARIA ROBERTO	Treasurer	0.00	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
2025	No data	No data	No data	No data
2024	$209,378	$243,560	$124,040	$-34,182
2023	$140,038	$113,665	$158,222	$26,373
2022	$136,880	$129,449	$131,956	$7,431
2021	$40,679	$38,424	$124,525	$2,255
2020	$20,727	$20,116	$122,270	$611
2019	$66,420	$55,388	$121,659	$11,032
2018	$77,942	$46,819	$110,627	$31,123

THE FRIENDS OF GLEN COVE YOUTH BOARD INC