DISCOVER LONG ISLAND 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

1978

Legal Domicile

Principal Officer

Kristen Reynolds

Phone

6319513900

Tax Period

2023-01-01 to 2023-12-31

DISCOVER LONG ISLAND INC, founded in 1978, is a community nonprofit that reported $4.8M in total revenue in fiscal year 2023. Revenue surged 36% from the prior year, signaling strong growth momentum. The organization ran a surplus of $757K, a strong 16% operating margin.

Mission

Based on Long Island in Hauppauge, NY, Discover Long Island, Inc., contributes to the economic development and quality of life on long island by promoting the region as a world-class destination for tourism, meetings and conventions, trade shows, sporting events, and related activities.

Program Service Accomplishments

Program 1

Expenses: $3,673,311

the marketing division focuses on influencing leisure travel decisions through a combined use of disciplines including consumer advertising, social media marketing, video production, Interactive and online public relations and collateral development, and inquiry fulfillment. The sales division focuses on developing three primary market segments through direct sales activities: meetings and conventions, international travel trade and sporting events. Direct sales initiatives and strategies include sales missions, client site familiarizations and inspections and trade show attendance.

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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 $378,807

Program Service Revenue $4,356,517

Investment Income $50,417

Other Revenue $7,622

TOTAL REVENUE $4,793,363

Expense Breakdown

Grants Paid $177,318

Salaries & Benefits $1,688,126

Fundraising Expenses $161,464

Program Expenses $3,673,311

Other Expenses $2,171,161

TOTAL EXPENSES $4,036,605

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,793,363	$3,530,042	+0.4%
Expenses	$4,036,605	$3,336,488	+0.2%
Net Income	$756,758	$193,554	+2.9%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kristen Reynolds	President & CEO	40.00		$225,471	$42,179	$267,650
Sharon Wyman	COO	40.00		$115,022	$2,300	$117,322
Terri Alessi-Miceli	Board Member	5.00	Director	$0	$0	$0
Jerol Bailey	Board Member	5.00	Director	$0	$0	$0
Lisa Black County Rep	Board Member	5.00	Director	$0	$0	$0
Matthew Cohen	Board Member	5.00	Director	$0	$0	$0
Daniel Lloyd	Board Member	5.00	Director	$0	$0	$0
George Gorman Jr	Board Member	5.00	Director	$0	$0	$0
J Grady Collin	Board Member	5.00	Director	$0	$0	$0
Bryan Grimaldi	Board Member	5.00	Director	$0	$0	$0
Michael Nenner	Secretary	5.00	Officer Director	$0	$0	$0
Steven Jauffrineau	Board Member	5.00	Director	$0	$0	$0
Wilfred Joseph	Board Member	5.00	Director	$0	$0	$0
Gail Lamberta	Board Member	5.00	Director	$0	$0	$0
Shelley LaRose-Arken	Board Member	5.00	Director	$0	$0	$0
NASSAU COUNTY REP	Board Member	5.00	Director	$0	$0	$0
Cara Longworth	Board Member	5.00	Director	$0	$0	$0
Laura Mercogliano	Board Member	5.00	Director	$0	$0	$0
Leo Daunt	Board Member	5.00	Director	$0	$0	$0
Gus Montesantos	Treasurer	5.00	Officer Director	$0	$0	$0
Michael Papierno	Board Member	5.00	Director	$0	$0	$0
Kristen Reyes-Porciello	Board Member	5.00	Director	$0	$0	$0
Dorothy Roberts	Board Member	5.00	Director	$0	$0	$0
Michael Bonakdar	Board Member	5.00	Director	$0	$0	$0
Victor Scotto	Board Member	5.00	Director	$0	$0	$0
Bryan Deluca	Board Member	5.00	Director	$0	$0	$0
David Widmer	Board Member	5.00	Director	$0	$0	$0
Marc Weinstein	Vice CHAIR	5.00	Officer Director	$0	$0	$0
Mitchell Pally	Chairman	5.00	Officer 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	$4,793,363	$4,036,605	$6,093,845	$756,758
2022	$3,530,042	$3,336,488	$4,587,914	$193,554
2021	$4,266,215	$3,397,547	$4,450,484	$868,668
2020	$2,999,590	$2,215,586	$2,999,177	$784,004
2019	$3,739,549	$3,293,016	$2,482,615	$446,533
2018	$3,537,544	$3,491,911	$2,025,249	$45,633