CENTRAL ISLIP TEACHERS ASSOCIATION SCHOLARSHIP FUND (EIN 266359570) - 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

2008

Legal Domicile

Phone

6313270987

Tax Period

2024-01-01 to 2024-12-31

CENTRAL ISLIP TEACHERS ASSOCIATION SCHOLARSHIP FUND, founded in 2008, is a micro nonprofit in the Education sector that reported $76K in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $98K exceeded revenue, resulting in a 29% operating deficit.

Mission

To raise funds from the general public to fund the scholarship program for the students of Central Islip Union Free School District.

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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 $64,292

Program Service Revenue $0

Investment Income $11,800

Other Revenue $0

TOTAL REVENUE $76,092

Expense Breakdown

Grants Paid $88,050

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $88,050

Other Expenses $9,834

TOTAL EXPENSES $97,884

Year-over-Year Comparison

	2024	2023	Change
Revenue	$76,092	$65,350	+0.2%
Expenses	$97,884	$94,238	+0.0%
Net Income	$-21,792	$-28,888	-0.2%

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

Total Directors

$60,100

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL ROMANO	Trustee	0.00	Director	$0	$0	$29,500
AMY HARRINGTON	Trustee	1.00	Director	$0	$0	$9,500
VINCENT RUGGIERO	Trustee	0.00	Director	$0	$0	$9,500
SANDRA MERCURIO-DEEB	Trustee	0.00	Director	$0	$0	$5,800
JENNIFER CICERO	Trustee	0.00	Director	$0	$0	$5,800
THOMAS KUHN	Trustee	0.00	Director	$0	$0	$0
SCOTT HARRINGTON	Trustee	0.00	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	$76,092	$97,884	$420,184	$-21,792
2023	$65,350	$94,238	$441,300	$-28,888
2022	$65,761	$110,415	$472,220	$-44,654
2021	$90,727	$113,039	$517,694	$-22,312
2020	$66,500	$93,457	$528,565	$-26,957
2019	$64,459	$94,909	$535,522	$-30,450
2018	$46,884	$91,235	$565,972	$-44,351

CENTRAL ISLIP TEACHERS ASSOCIATION SCHOLARSHIP FUND