LONG BEACH ISLAND FOUNDATION OF THE ARTS AND SCIENCES (EIN 226049190) - 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

1937

Legal Domicile

Principal Officer

DANIELLA KERNER

Phone

6094941241

Tax Period

2023-10-01 to 2024-09-30

LONG BEACH ISLAND FOUNDATION OF THE ARTS AND SCIENCES, founded in 1937, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.6M in total revenue in fiscal year 2023. Revenue fell 43% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $458K, a strong 29% operating margin.

Mission

THE ENHANCEMENT OF THE CREATIVE ARTS AND PHYSICAL SCIENCES

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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 $193,914

Program Service Revenue $1,072,377

Investment Income $105,204

Other Revenue $223,664

TOTAL REVENUE $1,595,159

Expense Breakdown

Grants Paid $0

Salaries & Benefits $508,330

Fundraising Expenses $85,060

Program Expenses $605,681

Other Expenses $628,590

TOTAL EXPENSES $1,136,920

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,595,159	$2,791,375	-0.4%
Expenses	$1,136,920	$1,041,732	+0.1%
Net Income	$458,239	$1,749,643	-0.7%

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

$82,500

Total Directors

$82,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANIELLA KERNER	SECRETARY/EX	40.00	Officer Director	$82,500	$0	$82,500
MARY BECKETT	TRUSTEE	5.00	Director	$0	$0	$0
TRACEY CAMERON	TRUSTEE	5.00	Director	$0	$0	$0
KEVIN COVERT	PRESIDENT	5.00	Officer Director	$0	$0	$0
TRACY EVERT	TRUSTEE	5.00	Director	$0	$0	$0
JAMIE HAND	TRUSTEE	5.00	Director	$0	$0	$0
GARY HENDERSON	TRUSTEE	5.00	Director	$0	$0	$0
MICHAEL LASKY	TRUSTEE	5.00	Director	$0	$0	$0
LEE LUEDTKE	TRUSTEE	5.00	Director	$0	$0	$0
DEBBIE MACARTHUR	TRUSTEE	5.00	Director	$0	$0	$0
JAY MADDEN	TRUSTEE	5.00	Director	$0	$0	$0
MARIELAINE MAMMON	TRUSTEE	5.00	Director	$0	$0	$0
JAMES MCCLURE	TREASURER	5.00	Officer Director	$0	$0	$0
ALBERT PALEY	TRUSTEE	5.00	Director	$0	$0	$0
GABE STONE SHAYER	TRUSTEE	5.00	Director	$0	$0	$0
ROBERT SLOTNICK	TRUSTEE	5.00	Director	$0	$0	$0
TODD STRINE	PAST PRESIDE	5.00	Officer Director	$0	$0	$0
JEFFREY SUSSMAN	TRUSTEE	5.00	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	$1,595,159	$1,136,920	$4,037,622	$458,239
2023	$2,791,375	$1,041,732	$3,529,974	$1,749,643
2022	$1,261,574	$933,368	$1,827,968	$328,206
2021	$1,097,383	$891,489	$1,568,649	$205,894
2020	$844,112	$799,712	$1,337,572	$44,400
2019	$1,325,138	$968,490	$1,208,578	$356,648
2018	$945,577	$969,859	$862,482	$-24,282

LONG BEACH ISLAND FOUNDATION OF THE ARTS AND SCIENCES