5033 BETHPAGE CORPORATION (EIN 510153499) - 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

1970

Legal Domicile

Principal Officer

JAMES WARD

Phone

5169385033

Tax Period

2024-07-01 to 2025-06-30

5033 BETHPAGE CORPORATION, founded in 1970, is a small nonprofit that reported $342K in total revenue in fiscal year 2024. Revenue fell 21% from the prior year — a significant decline worth monitoring.

Mission

OPERATE PREMISES USED FOR CHARITABLE AND FRATERNAL PURPOSES

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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 $0

Program Service Revenue $0

Investment Income $10

Other Revenue $341,671

TOTAL REVENUE $341,681

Expense Breakdown

Grants Paid $2,322

Salaries & Benefits $76,760

Fundraising Expenses $0

Program Expenses $1,060

Other Expenses $276,821

TOTAL EXPENSES $355,903

Year-over-Year Comparison

	2024	2023	Change
Revenue	$341,681	$432,909	-0.2%
Expenses	$355,903	$431,969	-0.2%
Net Income	$-14,222	$940	-16.1%

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

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

$10,625

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVEN DESCOVICH	PRESIDENT	0.00	Officer Director	$0	$0	$0
ANDREW DESCOVICH	VICE-PRESIDENT	0.00	Officer Director	$0	$0	$0
MICHAEL SCHIFF	BAR MANAGER	10.00	Officer	$0	$0	$0
JIM WARD	ACCOUNT MANAGER	10.00	Officer	$0	$0	$0
KEVIN ZAREMBA	CATERING MANAGER	20.00	Officer	$10,625	$0	$10,625
STEVE DEROSA	DIRECTOR	0.00	Director	$0	$0	$0
JOSEPH BROOKS	DIRECTOR	0.00	Director	$0	$0	$0
HANK HOBBS	DIRECTOR	0.00	Director	$0	$0	$0
GREG KIMBER	DIRECTOR	0.00	Director	$0	$0	$0
BOB DEROSA	DIRECTOR	0.00	Director	$0	$0	$0
JIM MILLER	DIRECTOR	0.00	Director	$0	$0	$0
JOE INTERRANTE	DIRECTOR	0.00	Director	$0	$0	$0
MARK KAIM	DIRECTOR	0.00	Director	$0	$0	$0
NICK WEST	DIRECTOR	0.00	Director	$0	$0	$0
NICHOLAS ARDEZZONE	DIRECTOR	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
2025	$341,681	$355,903	$15,297	$-14,222
2024	$432,909	$431,969	$30,190	$940
2023	$462,660	$478,465	$28,037	$-15,805
2022	$330,405	$317,077	$56,775	$13,328

5033 BETHPAGE CORPORATION