ISLAND HEALTH PROJECT INC

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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

1974

Legal Domicile

Principal Officer

DIANE M BAKER

Phone

6317887244

Tax Period

2023-01-01 to 2023-12-31

ISLAND HEALTH PROJECT INC, founded in 1974, is a small nonprofit in the Health Care sector that reported $994K in total revenue in fiscal year 2023. The organization ran a surplus of $348K, a strong 35% operating margin.

Mission

THE PURPOSE OF THE ORGANIZATION IS TO SUPPORT THE PROVISION OF QUALITY HEALTH CARE TO THE RESIDENTS OF FISHERS ISLAND, NEW YORK.

Program Service Accomplishments

Program 1

Expenses: $633,182

TO PROVIDE SUPPORT FOR THE HEALTH CARE FACILTY ON FISHERS ISLAND SERVING FISHERS ISLAND RESIDENTS. THERE ARE NO OTHER HEALTH CARE FACILITIES ON THE ISLAND.

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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 $731,791

Program Service Revenue $1,250

Investment Income $189,350

Other Revenue $71,673

TOTAL REVENUE $994,064

Expense Breakdown

Grants Paid $150,000

Salaries & Benefits $2,777

Fundraising Expenses $1,688

Program Expenses $633,182

Other Expenses $493,650

TOTAL EXPENSES $646,427

Year-over-Year Comparison

	2023	2022	Change
Revenue	$994,064	$981,317	+0.0%
Expenses	$646,427	$638,569	+0.0%
Net Income	$347,637	$342,748	+0.0%

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

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

$652

Total Directors

$513

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEE ROSS	SECRETARY NO	1.00	Officer	$652	$0	$652
DIANNA SHILLO	NONVOTING-DI	1.00	Director	$513	$0	$513
DIANE M BAKER	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
CAROL BLONDEL	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM COLMAN	DIRECTOR	1.00	Director	$0	$0	$0
HORACE CRARY	DIRECTOR	1.00	Director	$0	$0	$0
SUSIE FERGUSON	DIRECTOR	1.00	Director	$0	$0	$0
LESLIE GOSS	DIRECTOR	1.00	Director	$0	$0	$0
LESLIE HAYES	DIRECTOR	1.00	Director	$0	$0	$0
WENDY HENDERSON	DIRECTOR	1.00	Director	$0	$0	$0
SARA MCLEAN	DIRECTOR	1.00	Director	$0	$0	$0
MALCOLM MILLER	DIRECTOR	1.00	Officer Director	$0	$0	$0
RICHARD MILLER	OFFICER	1.00	Officer Director	$0	$0	$0
SUZANNE PARSONS	PRESIDENT	1.00	Officer Director	$0	$0	$0
MAISIE POLLARD	DIRECTOR	1.00	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	No data	No data	No data	No data
2023	$994,064	$646,427	$10,212,320	$347,637
2023	$972,068	$646,427	$10,212,320	$325,641
2022	$981,317	$638,569	$8,874,757	$342,748
2021	$1,082,105	$607,525	$9,778,284	$474,580
2020	$919,351	$651,204	$8,481,603	$268,147
2019	$749,617	$531,922	$7,774,996	$217,695
2018	$755,604	$510,600	$6,737,199	$245,004