ARVERNE COMMUNITY CENTER CORP (EIN 272283391) - 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

2009

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

ARVERNE COMMUNITY CENTER CORP, founded in 2009, is a community nonprofit in the Human Services sector that reported $6.1M in total revenue in fiscal year 2023. Revenue surged 3314% from the prior year, signaling strong growth momentum. The organization ran a surplus of $5.9M, a strong 95% operating margin.

Mission

ARVERNE COMMUNITY CENTER CORP. HAS SUCCESSFULLY COMPLETED THE CONSTRUCTION AND DEDICATION OF THE COMMUNITY CENTER REFERENCED IN ITS 501C(4) APPLICATION. THIS COMMUNITY CENTER NOW BENEFITS ALL RESIDENTS OF THE ROCKAWAYS INCLUDING THOSE RESIDING IN ARVERNE, NEW YORK.

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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 $6,146,041

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $6,146,041

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $277,861

Other Expenses $277,861

TOTAL EXPENSES $277,861

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,146,041	$180,000	+33.1%
Expenses	$277,861	$25,895	+9.7%
Net Income	$5,868,180	$154,105	+37.1%

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

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
GERRY ROMSKI	DIRECTOR	2.00	Director	$0	$0	$0
OMAR VENTEGEAT	DIRECTOR	2.00	Director	$0	$0	$0
RUSSELL MOHR	DIRECTOR	2.00	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	$6,146,041	$277,861	$9,844,686	$5,868,180
2022	$180,000	$25,895	$1,519,065	$154,105
2021	No data	$11,278	$1,219,805	No data
2020	No data	$5,145	$802,004	No data
2019	No data	$1,378	$1,091,437	No data
2018	$78,202	$24,863	$1,095,588	$53,339

ARVERNE COMMUNITY CENTER CORP