MENTAL RETARDATION COMMUNITY SERVICES OF NASSAU COUNTY-PROJECT (EIN 510660361) - 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

2007

Legal Domicile

Principal Officer

Victor LaPoma

Phone

5166261000

Tax Period

2024-01-01 to 2024-12-31

MENTAL RETARDATION COMMUNITY SERVICES OF NASSAU COUNTY-PROJECT, founded in 2007, is a small nonprofit in the Housing & Shelter sector that reported $114K in total revenue in fiscal year 2024. Expenses of $190K exceeded revenue, resulting in a 67% operating deficit.

Mission

The mission of Mental Retardation Services of Nassau County - Project IV, Inc. ("MRCS IV") is to provide housing to individuals with developmental disabilities in two residences located in Hicksville and Plainview, NY.

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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 $77,971

Investment Income $2,149

Other Revenue $33,485

TOTAL REVENUE $113,605

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $157,816

Other Expenses $190,005

TOTAL EXPENSES $190,005

Year-over-Year Comparison

	2024	2023	Change
Revenue	$113,605	$108,410	+0.0%
Expenses	$190,005	$133,253	+0.4%
Net Income	$-76,400	$-24,843	+2.1%

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

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

$1,334,025

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Stanfort J Perry	Chief Executive Officer	2	Officer	$0	$179,760	$828,912
Willard T Derr	Chief Financial Officer	2	Officer	$0	$41,442	$505,113
Victor LaPoma	President	1	Officer Director	$0	$0	$0
Robert Molloy	Vice President	1	Officer Director	$0	$0	$0
Thomas McCauley	Treasurer/Secretary	1	Officer Director	$0	$0	$0
Thomas F Moore	Director	1	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	$113,605	$190,005	$1,869,214	$-76,400
2023	$108,410	$133,253	$1,868,783	$-24,843
2022	$125,579	$145,690	$1,907,174	$-20,111
2021	$120,268	$128,149	$1,944,366	$-7,881
2020	$133,003	$115,082	$1,987,795	$17,921
2019	$131,776	$104,483	$2,021,229	$27,293
2018	$133,018	$108,991	$2,088,616	$24,027

MENTAL RETARDATION COMMUNITY SERVICES OF NASSAU COUNTY-PROJECT