ACCELERATE 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

2011

Legal Domicile

Principal Officer

MICHELLE BYRNE

Phone

6314933048

Tax Period

2023-01-01 to 2023-12-31

ACCELERATE LONG ISLAND INC, founded in 2011, is a small nonprofit in the Community Improvement sector that reported $186K in total revenue in fiscal year 2023. Revenue surged 148% from the prior year, signaling strong growth momentum. Net assets of $909K represent 59 months of operating reserves.

Mission

A UNIQUE COLLABORATION AMONG LONG ISLAND'S WORLD CLASS RESEARCH INSTITUTIONS AND ITS BUSINESS COMMUNITY TO COMMERCIALIZE RESEARCH AND CREATE AN ENTREPRENEURIAL ECOSYSTEM.

Program Service Accomplishments

Program 1

ACCELERATE LONG ISLAND (ALI), A NON-PROFIT FOUNDED IN 2011, HAS AN EXTENSIVE AND COMMITTED TRACK RECORD OF ACCELERATING GROWTH FOR LONG ISLAND BASED HIGH TECHNOLOGY STARTUPS. ALI LEADS A UNIQUE...

ACCELERATE LONG ISLAND (ALI), A NON-PROFIT FOUNDED IN 2011, HAS AN EXTENSIVE AND COMMITTED TRACK RECORD OF ACCELERATING GROWTH FOR LONG ISLAND BASED HIGH TECHNOLOGY STARTUPS. ALI LEADS A UNIQUE COLLABORATION AMONG LONG ISLAND'S WORLD CLASS RESEARCH INSTITUTIONS AND ITS BUSINESS COMMUNITY TO COMMERCIALIZE RESEARCH AND CREATE AN ENTREPRENEURIAL ECOSYSTEM. ALI FOCUSES ON HIGH-TECHNOLOGY COMPANIES EMANATING FROM THE REGION'S RESEARCH AND ACADEMIC INSTITUTIONS AND HIGH-GROWTH STARTUPS IN OUR REGION.

Program 2

ALI WAS AWAREDED THE LONG ISLAND INNOVATION HOT SPOT ("LIIHS") GRANT ISSUED BY THE NEW YORK STATE DEPARTMENT OF ECONOMIC DEVELOPMENT ("ESD"). THE CONTRACT PERIOD BEGAN ON JANUARY 1, 2023, AND ENDS ON DECEMBER 31, 2027, WITH FUNDING OF $250,000 ANNUALLY TO ADMINISTER ESD'S TAX INCENTIVE PROGRAM FOR EARLY-STAGE COMPANIES. ALI CONNECTS EARLY-STAGE COMPANIES WITH INCUBATOR SPACE THROUGHOUT ALI'S NETWORK, COORDINATES WORKSHOPS AND EVENTS ACROSS LONG ISLAND, COLLABORATES WITH NEWLY ESTABLISHED ADVISORY BOARD, AND CREATES A CENTRALIZED PROFESSIONAL SERVICE SUPPORT PROGRAM.

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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 $80,407

Program Service Revenue $100,000

Investment Income $322

Other Revenue $5,000

TOTAL REVENUE $185,729

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $190,409

TOTAL EXPENSES $190,409

Year-over-Year Comparison

	2023	2022	Change
Revenue	$185,729	$75,000	+1.5%
Expenses	$190,409	$29,467	+5.5%
Net Income	$-4,680	$45,533	-1.1%

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
LEO GUTHART	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES M STRAIN	DIRECTOR	1.00	Director	$0	$0	$0
NANCY RAUCH-DOUZINAS	DIRECTOR EMERITUS	1.00	Director	$0	$0	$0
BRUCE STILLMAN	DIRECTOR	1.00	Director	$0	$0	$0
DAVID CALONE	DIRECTOR	1.00	Director	$0	$0	$0
STEVE WINICK	DIRECTOR	1.00	Director	$0	$0	$0
STACEY SIKES	CHAIRWOMAN	1.00	Director	$0	$0	$0
ALON KAPEN	DIRECTOR	1.00	Director	$0	$0	$0
JERRY WARD	TREASURER	1.00	Director	$0	$0	$0
HANK FOLEY	DIRECTOR	1.00	Director	$0	$0	$0
JOANNE HEWETT	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN POSER	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL DOWLING	DIRECTOR	1.00	Director	$0	$0	$0
MATTHEW COHEN	DIRECTOR	1.00	Director	$0	$0	$0
PETER DONNELLY	DIRECTOR	1.00	Director	$0	$0	$0
DAN LLOYD	MANAGING DIRECTOR	16.00	Officer	$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	$185,729	$190,409	$950,143	$-4,680
2022	$75,000	$29,467	$945,871	$45,533
2021	$75,000	$23,517	$900,338	$51,483
2020	$75,000	$21,649	$858,773	$53,351
2019	$300,000	$23,049	$794,246	$276,951
2018	$300,344	$53,052	$516,471	$247,292