LONG ISLAND COMMUNITIES OF PRACTIC… - Form 990 Financial Data

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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

2009

Legal Domicile

Principal Officer

MARGE DAUNT

Phone

5164874110

Tax Period

2023-01-01 to 2023-12-31

LONG ISLAND COMMUNITIES OF PRACTICE INC, founded in 2009, is a micro nonprofit that reported $374 in total revenue in fiscal year 2023. Expenses of $10K exceeded revenue, resulting in a 2538% operating deficit.

Mission

To enhance the quality of life for individuals with disabilities and their families by providing humanitarian assistance.

Program Service Accomplishments

Program 1

Expenses: $6,503 Revenue: $124

To enhance the quality of life for individuals with disabilities and their families by providing humanitarian assistance.

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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 $124

Program Service Revenue $0

Investment Income $0

Other Revenue $250

TOTAL REVENUE $374

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $6,503

Other Expenses $9,866

TOTAL EXPENSES $9,866

Year-over-Year Comparison

	2023	2022	Change
Revenue	$374	N/A	N/A
Expenses	$9,866	$80,936	-0.9%
Net Income	$-9,492	$-80,936	-0.9%

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

N/A

Employees

N/A

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
MARGE DAUNT	PRESIDENT	25.00	Director	$0	$0	$0
LYNN BURKE	SECRETARY	15.00	Director	$0	$0	$0
BETTINA STELLE	BOARD MEMBER	10.00	Director	$0	$0	$0
KIM COVELL	BOARD MEMBER	10.00	Director	$0	$0	$0
TERRY HARRIS	BOARD MEMBER	10.00	Director	$0	$0	$0
CYNTHIA MCKELVEY	EXECUTIVE DIRECTOR	10.00	Director	$0	$0	$0
HELENE FALLON	EMPLOYEE	20.00	Officer	$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
2023	$374	$9,866	No data	$-9,492
2022	No data	$80,936	$12,034	No data
2021	$153,076	$175,086	$80,872	$-22,010
2020	$195,386	$178,555	$104,390	$16,831
2019	$249,772	$188,136	$87,628	$61,636
2018	$170,144	$253,564	$24,410	$-83,420

LONG ISLAND COMMUNITIES OF PRACTICE INC