PECONIC HOCKEY FOUNDATION 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

2015

Legal Domicile

Principal Officer

TROY ALBERT

Phone

6312874444

Tax Period

2023-01-01 to 2023-12-31

PECONIC HOCKEY FOUNDATION INC, founded in 2015, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.6M in total revenue in fiscal year 2023. Revenue surged 81% from the prior year, signaling strong growth momentum. Expenses of $3.0M exceeded revenue, resulting in a 83% operating deficit.

Mission

THE PECONIC HOCKEY FOUNDATION'S (PHF) INITIATIVE IS TO PROVIDE ACCESS TO A YEAR ROUND COMMUNITY HOCKEY RINK ON THE EAST END OF LONG ISLAND, NY, TO HELP OFFSET COSTS TO FAMILIES WHO ARE UNABLE TO AFFORD RINK ACCESS OR PARTICIPATION IN YOUTH HOCKEY; AND TO OTHERWISE FOSTER THE GROWTH OF YOUTH HOCKEY THROUGH SCHOLARSHIPS, TRAINING AND OTHER PROGRAMS, AND IN DOING SO, PROMOTE A BETTER QUALITY OF LIFE FOR THE PARTICIPANTS AND THE COMMUNITY AT LARGE.

Program Service Accomplishments

Program 1

Expenses: $2,775,653 Revenue: $405,207

THE PECONIC HOCKEY FOUNDATION'S (PHF) INITIATIVE IS TO PROVIDE ACCESS TO A YEAR ROUND COMMUNITY HOCKEY RINK ON THE EAST END OF LONG ISLAND, NY, TO HELP OFFSET COSTS TO FAMILIES WHO ARE UNABLE TO...

Program 2

Expenses: $117,640 Revenue: $221,825

RINK OPERATIONS - MANAGED BY A 3RD PARTY

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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 $716,082

Program Service Revenue $627,032

Investment Income $224

Other Revenue $292,619

TOTAL REVENUE $1,635,957

Expense Breakdown

Grants Paid $2,468,054

Salaries & Benefits $92,524

Fundraising Expenses $0

Program Expenses $2,893,293

Other Expenses $437,985

TOTAL EXPENSES $2,998,563

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,635,957	$902,010	+0.8%
Expenses	$2,998,563	$234,048	+11.8%
Net Income	$-1,362,606	$667,962	-3.0%

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

150

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
TROY ALBERT	PRESIDENT	6.00	Officer Director	$0	$0	$0
BRIAN R BASS	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
PETER BENDZLOWICZ	TREASURER	1.00	Officer Director	$0	$0	$0
LAWRENCE SPRUNG	SGT. AT ARMS	0.25	Director	$0	$0	$0
CARYN ALBERT	DIRECTOR	0.25	Director	$0	$0	$0
NOELLE BASS	DIRECTOR	0.25	Director	$0	$0	$0
DAVE SCOTTO	DIRECTOR	0.25	Director	$0	$0	$0
GREG MAURER	DIRECTOR	0.25	Director	$0	$0	$0
JACK GREIG	DIRECTOR	0.25	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	$1,635,957	$2,998,563	$649,166	$-1,362,606
2022	$902,010	$234,048	$1,998,527	$667,962
2021	$593,650	$139,187	$1,332,023	$454,463
2020	$427,288	$98,362	$875,716	$328,926
2019	$214,274	$98,194	$546,790	$116,080
2018	$233,120	$79,378	$430,710	$153,742