MENTAL RETARDATION COMMUNITYSERVICES OF NASSAU COUNTY - PROJECT (EIN 205382653) - 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

2006

Legal Domicile

Principal Officer

Victor LaPoma

Phone

5166261000

Tax Period

2024-01-01 to 2024-12-31

MENTAL RETARDATION COMMUNITYSERVICES OF NASSAU COUNTY - PROJECT, founded in 2006, is a small nonprofit in the Housing & Shelter sector that reported $179K in total revenue in fiscal year 2024. Expenses of $210K exceeded revenue, resulting in a 17% operating deficit.

Mission

The mission of Mental Retardation Services of Nassau County - Project III, Inc. ("MRCS III") is to provide housing to individuals with developmental disabilities in two residences located in Freeport and Baldwin, NY.

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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 $0

Program Service Revenue $70,795

Investment Income $2,869

Other Revenue $105,507

TOTAL REVENUE $179,171

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $177,791

Other Expenses $209,980

TOTAL EXPENSES $209,980

Year-over-Year Comparison

	2024	2023	Change
Revenue	$179,171	$179,007	+0.0%
Expenses	$209,980	$154,468	+0.4%
Net Income	$-30,809	$24,539	-2.3%

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

$1,334,025

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Stanfort J Perry	Chief Executive Officer	2	Officer	$0	$179,760	$828,912
Willard T Derr	Chief Financial Officer	2	Officer	$0	$41,442	$505,113
Victor LaPoma	President	1	Officer Director	$0	$0	$0
Robert Molloy	Vice President	1	Officer Director	$0	$0	$0
Thomas McCauley	Treasurer/Secretary	1	Officer Director	$0	$0	$0
Thomas F Moore	Director	1	Director	$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	$179,171	$209,980	$1,987,828	$-30,809
2023	$179,007	$154,468	$2,001,051	$24,539
2022	$173,126	$184,012	$2,055,641	$-10,886
2021	$168,185	$162,525	$2,115,228	$5,660
2020	$162,287	$135,627	$2,171,089	$26,660
2019	$161,045	$159,737	$2,218,930	$1,308
2018	$157,479	$136,267	$2,284,731	$21,212

MENTAL RETARDATION COMMUNITYSERVICES OF NASSAU COUNTY - PROJECT