SEASIDE HEIGHTS BUSINESS IMPROVEMENT DISTRICT INC (EIN 223708492) - 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

2000

Principal Officer

ANGELA LOMBARDI

Phone

7328548000

Tax Period

2023-01-01 to 2023-12-31

SEASIDE HEIGHTS BUSINESS IMPROVEMENT DISTRICT INC, founded in 2000, is a small nonprofit in the Community Improvement sector that reported $495K in total revenue in fiscal year 2023. Revenue surged 36% from the prior year, signaling strong growth momentum. The organization ran a surplus of $118K, a strong 24% operating margin.

Mission

TO PROVIDE ECONOMIC REVITALIZATION AND NEIGHBORHOOD PRESERVATION TO THE BOROUGH OF SEASIDE HEIGHTS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $399,117

Program Service Revenue $95,478

Investment Income $0

Other Revenue $0

TOTAL REVENUE $494,595

Expense Breakdown

Grants Paid $0

Salaries & Benefits $114,004

Fundraising Expenses $0

Program Expenses $314,582

Other Expenses $262,193

TOTAL EXPENSES $376,197

Year-over-Year Comparison

	2023	2022	Change
Revenue	$494,595	$362,956	+0.4%
Expenses	$376,197	$400,965	-0.1%
Net Income	$118,398	$-38,009	-4.1%

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

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
JEFF BOWDEN	DIRECTOR	N/A	Director	$0	$0	$0
THOMAS BOYD	DIRECTOR	N/A	Director	$0	$0	$0
MICHAEL CARBONE	DIRECTOR	N/A	Director	$0	$0	$0
CAROL DURKIN	TREASURER	N/A	Officer Director	$0	$0	$0
MICHAEL GRAICHEN	DIRECTOR	N/A	Director	$0	$0	$0
PATRICIA HERSHEY	DIRECTOR	N/A	Director	$0	$0	$0
JEFF JACKSON	DIRECTOR	N/A	Director	$0	$0	$0
GREGORY KOHR	DIRECTOR	N/A	Director	$0	$0	$0
ELIZABETH KING	SECRETARY	N/A	Officer Director	$0	$0	$0
ANGELA LOMBARDI	CHAIRMAN	N/A	Officer Director	$0	$0	$0
JOSEPH LOUNDY	DIRECTOR	N/A	Director	$0	$0	$0
MICHAEL LOUNDY	DIRECTOR	N/A	Director	$0	$0	$0
SIDNEY LOUNDY	DIRECTOR	N/A	Director	$0	$0	$0
KENNETH MACCHIAVERNA	DIRECTOR	N/A	Director	$0	$0	$0
GLENN MCCARTHY	DIRECTOR	N/A	Director	$0	$0	$0
JAMES MAGLIES	DIRECTOR	N/A	Director	$0	$0	$0
JOHN MCGRATH	VICE CHAIR	N/A	Officer Director	$0	$0	$0
ARRON RUSTICI	DIRECTOR	N/A	Director	$0	$0	$0
KRISTOFOR SABEY	DIRECTOR	N/A	Director	$0	$0	$0
HARRY SMITH	DIRECTOR	N/A	Director	$0	$0	$0
CHRISTOPHER VAZ	DIRECTOR	N/A	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	No data	No data	No data	No data
2023	$494,595	$376,197	$205,041	$118,398
2023	No data	No data	No data	No data
2022	$362,956	$400,965	$78,884	$-38,009
2022	$371,429	$415,557	$78,887	$-44,128
2021	$393,345	$388,191	$130,860	$5,154
2020	$294,005	$266,425	$124,369	$27,580
2019	$405,781	$385,696	$98,594	$20,085
2018	$468,671	$405,994	$100,598	$62,677

SEASIDE HEIGHTS BUSINESS IMPROVEMENT DISTRICT INC