FISHERS ISLAND COMMUNITY CENTER INC

EIN: 203941546 501(c)(3) Human Services

FISHERS ISLAND, NY

Total Revenue
$994,624
Total Expenses
$827,044
Total Assets
$7,614,952
Net Assets
$7,530,825
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Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
NY
Principal Officer
STALEY SEDNAOUI
Phone
6317887683
Tax Period
2024-01-01 to 2024-12-31

FISHERS ISLAND COMMUNITY CENTER INC, founded in 2005, is a small nonprofit in the Human Services sector that reported $995K in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. The organization ran a surplus of $168K, a strong 17% operating margin.

Mission

TO PROVIDE CULTURAL, EDUCATIONAL, ATHLETIC, AND SOCIAL ACTIVITIES THROUGHOUT THE YEAR FOR THE BENEFIT OF FISHERS ISLAND RESIDENTS. OUR PROGRAMMING AND OUTREACH EFFORTS ENRICH ISLAND LIFE FOR ALL AGES, FOSTER A SENSE OF COMMUNITY AND ENCOURAGE THE RETENTION AND GROWTH OF THE YEAR-ROUND POPULATION.

Program Service Accomplishments

Program 1
Expenses: $267,823 Revenue: $111,710

CENTER MEMBERSHIP - MEMBERSHIP TO THE COMMUNITY CENTER COMES WITH A WIDE ARRAY OF PROGRAMS. THE FITNESS CENTER HOUSES A FULLY EQUIPPED WORKOUT ROOM WITH CARDIO AND STRENGTH EQUIPMENT. THE ARTS AND...

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CENTER MEMBERSHIP - MEMBERSHIP TO THE COMMUNITY CENTER COMES WITH A WIDE ARRAY OF PROGRAMS. THE FITNESS CENTER HOUSES A FULLY EQUIPPED WORKOUT ROOM WITH CARDIO AND STRENGTH EQUIPMENT. THE ARTS AND CRAFTS ROOM OFFERS SOMETHING FOR ALL AGES, FROM SEWING MACHINES TO PAINT AND GLUE. MANY ISLAND ORGANIZATIONS HOLD REGULAR MEETINGS IN OUR FACILITY. THE PLAYROOM IS A ROOM THAT IS A GREAT ENTERTAINMENT SPACE FOR CHILDREN FOUR AND UNDER, ESPECIALLY ON RAINY DAYS. THERE ARE A VARIETY OF TOYS OFFERED IN A CLEAN AND SAFE ENVIRONMENT. WE NOW OFFER REMOTE WORK SPACE FOR THOSE WORKING FROM HOME AS OUR INTERNET SPEED IS ONE OF THE STRONGER SPOTS ON THE ISLAND.

Program 2
Expenses: $208,289 Revenue: $66,947

ART AND CULTURE - THE ART AND CULTURE PROGRAMS CONSIST OF ART CLASSES, SAFE BOATING CLASSES AND SUMMER CAMP. ARTIST WORKSHOPS OFFER A CHANCE FOR ARTISTS OF ALL LEVELS TO CHALLENGE THEMSELVES AND...

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ART AND CULTURE - THE ART AND CULTURE PROGRAMS CONSIST OF ART CLASSES, SAFE BOATING CLASSES AND SUMMER CAMP. ARTIST WORKSHOPS OFFER A CHANCE FOR ARTISTS OF ALL LEVELS TO CHALLENGE THEMSELVES AND SHARE THE COMPANY OF FELLOW ARTISTS. ARTISTS CAN ALSO PARTICIPATE IN CLASSES TO LEARN HOW TO DRAW CARTOONS AND CARICATURES. WE ALSO OFFERED AN ART SHOW WHERE LOCAL ARTISTS SHOWCASED THEIR TALENTS.

Program 3
Expenses: $40,496 Revenue: $0

HEALTH AND FITNESS - THE HEALTH AND FITNESS PROGRAMS CONSIST OF YOGA, FITNESS CLASSES AND HEALING MASSAGES. YOGA CLASSES OFFER AN ENVIRONMENT OF FREEDOM AND A FUND SPACE TO BE YOURSELF. PARTICIPANTS...

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HEALTH AND FITNESS - THE HEALTH AND FITNESS PROGRAMS CONSIST OF YOGA, FITNESS CLASSES AND HEALING MASSAGES. YOGA CLASSES OFFER AN ENVIRONMENT OF FREEDOM AND A FUND SPACE TO BE YOURSELF. PARTICIPANTS CHALLENGE THEMSELVES WITH NEW POSES AND PRACTICE. FITNESS PROGRAMS OFFER PARTICIPANTS CARDIO AND STRENGTH TRAINING.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $675,252
Program Service Revenue $170,555
Investment Income $117,875
Other Revenue $30,942
TOTAL REVENUE $994,624

Expense Breakdown

Grants Paid $0
Salaries & Benefits $318,259
Fundraising Expenses $0
Program Expenses $516,608
Other Expenses $508,785
TOTAL EXPENSES $827,044

Year-over-Year Comparison

2024 2023 Change
Revenue $994,624 $820,266 +0.2%
Expenses $827,044 $834,499 0.0%
Net Income $167,580 $-14,233 -12.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
14
Independent Members
13
Employees
9
Volunteers
18

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
4
$77,692
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LUCIUS L FOWLER PRESIDENT 30.00
Officer Director
$0 $0 $0
GAIL CYPHERD VICE PRESIDENT 15.00
Officer Director
$0 $0 $0
SARAH GOULARD TREASURER/SECRETARY 25.00
Officer Director
$0 $0 $0
MARK BORDEN DIRECTOR THRU 03/23 2.00
Director
$0 $0 $0
MARGOT CONGDON DIRECTOR 15.00
Director
$0 $0 $0
BRIAN CARROLL DIRECTOR 25.00
Director
$0 $0 $0
JENNY COLMAN DIRECTOR 20.00
Director
$0 $0 $0
PETER CRISP DIRECTOR 30.00
Director
$0 $0 $0
GEORGE GUIMARAES DIRECTOR 15.00
Director
$0 $0 $0
JOHN HARRIS DIRECTOR 15.00
Director
$0 $0 $0
ELISABETH PARKER DIRECTOR 15.00
Director
$0 $0 $0
HARRIS PARSONS JR DIRECTOR THRU 03/23 2.00
Director
$0 $0 $0
THOMAS PATTERSON DIRECTOR 15.00
Director
$0 $0 $0
SCOTT REID DIRECTOR 25.00
Director
$0 $0 $0
JOHN SPOFFORD DIRECTOR 30.00
Director
$0 $0 $0
ANN VON STADE DIRECTOR 15.00
Director
$0 $0 $0
STALEY SEDNAOUI EXECUTIVE DIRECTOR 40.00
Officer
$77,692 $0 $77,692
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 $994,624 $827,044 $7,614,952 $167,580
2023 $820,266 $834,499 $7,051,352 $-14,233
2022 $992,101 $769,560 $6,567,478 $222,541
2021 $820,282 $622,054 $7,097,294 $198,228
2020 $612,412 $543,698 $6,623,409 $68,714
2019 $543,921 $571,813 $6,038,756 $-27,892
2018 $474,577 $531,053 $5,657,195 $-56,476
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