OCEANSIDE, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)SIBS PLACE INC, founded in 2015, is a small nonprofit in the Human Services sector that reported $415K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $622K exceeded revenue, resulting in a 50% operating deficit.
SIBS PLACE, INC IS A FREE THERAPEUTIC PROGRAM SOUTH NASSAU COMMUNITIES HOSPITAL. THE PROGRAM SERVES CHILDREN AGES 5-17, WHO ARE COPING WITH A SIBLING WITH CANCER OR ANTOHER DEVASTATING ILLNESS, A PARENT WITH CANCER, OR CHILDREN COPING WITH THE DEATH OF A SIBLING OR PARENT. SIBS PLACE, INC. PROVIDES SUPPORT AND ATTENTION TO THE UNIQUE EXPERIENCE AND NEEDS OF THE WELL CHILDREN AS THEY FACE THE ISSUES AND CONFLICTS RELATED TO THE ILLNESS/DEATH OF THEIR LOVED ONE.
PROFESSIONAL MENTAL HEALTH STAFF FOSTER RESILIENCY THROUGH THE ENCOURAGEMENT OF PEER SUPPORT AND CREATIVE ARTS ACTIVITIES. DURING A TRAUMATIC FAMILY EXPERIENCE, IT IS IMPORTANT FOR THE WELL CHILD TO...
PROFESSIONAL MENTAL HEALTH STAFF FOSTER RESILIENCY THROUGH THE ENCOURAGEMENT OF PEER SUPPORT AND CREATIVE ARTS ACTIVITIES. DURING A TRAUMATIC FAMILY EXPERIENCE, IT IS IMPORTANT FOR THE WELL CHILD TO IDENTIFY THEIR FEELINGS THROUGH INCREASED SELF-EXPRESSION AND COPING SKILLS. WITH EACH PROGRAM EXPERIENCE, THE ORGANIZATION STRIVES TO PROVIDE PARTICIPANTS WITH THE OPPORTUNITY FOR HEALTHY GROWTH AND DEVELOPMENT. THE DOOR IS OPEN TO ALL CHILDREN NO MATTER WHAT HOSPITAL IS TREATING THEIR LOVED ONE. PEER SUPPORT GROUPS TO ADDRESS ISSUES OF ANTICIPATORY GRIEF ARE OFFERED TWICE WEEKLY. PARENT SUPPORT GROUPS ARE AVAILABLE TWICE A WEEK BECAUSE EACH MEMBER OF A FAMILY IS IMPACTED BY TRAUMATIC ILLNESS. A 6-WEEK SUMMER CAMP EXPERIENCE, BEREAVEMENT SERVICES AND A MONTHLY PRE-TEEN AND TEEN GROUP ARE OFFERED TO SUPPORT OUR SIBS PLACE, INC. (SURVIVORSHIP IN BROTHERS AND SISTERS, "SIBS PLACE") FAMILIES EFFECTIVELY. SIBS PLACE IS A DONOR-FUNDED PROGRAM, AND SERVES A POPULATION THAT HAS BEEN HISTORICALLY UNDERSERVED, AT NO COST TO THE FAMILIES. THE PROGRAM ONLY PROGRAM OF ITS KIND IN THE UNITED STATES, IT HAS PROVIDED 257 CHILD AND PARENT PARTICIPANT VISITS BENEFITTING 85 FAMILIES DURING THE TWELVE MONTHS ENDED DECEMBER 31, 2024. SERIOUS ILLNESS AND DEATH OF A LOVED ONE TAKES ITS TOLL ON THE BODY, MIND AND SOUL OF FAMILIES. HOW PARENTS AND SIBLINGS COPE WITH THIS LIFE ALTERING EXPERIENCE SHAPES FUTURE FAMILY DYNAMICS. THE REALITY IS, WHEN ONE FAMILY MEMBER HAS A DEVASTATING ILLNESS AND WHEN THERE IS A LOSS, THE WELL CHILD SUFFERS TOO. OFTEN, FAMILIES WHO HAVE A DEVASTATINGLY ILL LOVED OR WHO ARE COPING WITH A DEATH, ONE ARE TOO DISTRACTED TO FOCUS ON THE NEEDS OF THE CHILDREN IN THE HOME. IT IS A DIFFICULT REALITY FOR ALL THE FAMILY MEMBERS. AT SIBS PLACE WE PROVIDE A SUPPORTIVE AND NURTURING ENVIRONMENT WHERE CHILDREN CAN COME TOGETHER AND THROUGH PLAY, ART AND MUSIC THERAPIES LEARN COPING SKILLS THAT WILL HELP THEM LEAD MORE EFFECTIVE LIVES TODAY, AND IN THEIR FUTURE. DURING PROGRAMMING, USING THE SIBS PLACE MODEL, WE ADDRESS THE CHILDREN'S NEEDS THROUGH THE FOLLOWING PEER SUPPORT ACTIVITIES: 1. ART GROUP-FACILITATED BY CREATIVE ARTS THERAPIST AND MENTAL HEALTH PROFESSIONALS. 2. VERBAL GROUPS - FACILITATED BY LICENSED MENTAL HEALTH PROFESSIONALS - INCLUDED AGE-APPROPRIATE GROUP DISCUSSIONS- TEEN AND PRE-TEEN - PSYCHO-EDUCATION. 3. HOMEWORK ASSISTANCE- SUPPORT IS PROVIDED BY TRAINED VOLUNTEERS INCLUDING RETIRED TEACHERS. 4. PARENTS SUPPORT GROUPS- FACILITATED BY MENTAL HEALTH PROFESSIONALS. 5. COMMUNITY MEAL- EACH PROGRAM EVENING. 6. ADDITIONAL EVENTS INCLUDE: -PEER ENGAGEMENT AND EMPOWERMENT ACTIVITIES - PARENTING & WELLNESS WORKSHOPS. 7. CAMP SIBS- SIX WEEKS OF ON AN OFF-SITE SUMMER ACTIVITIES PROGRAM.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $414,546 | $377,150 | +0.1% |
| Expenses | $621,716 | $617,838 | +0.0% |
| Net Income | $-207,170 | $-240,688 | -0.1% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| GEORGE SCHIEREN | CO-SECRETARY | 1.0 |
Officer
Director
|
$0 | $0 | $0 |
| JOANNA FORMONT | EXECUTIVE DIRECTOR | 36.5 |
Officer
Director
|
$0 | $41,683 | $123,388 |
| JOHN POHLMAN | SVP, COO/CFO/TREASURER | 1.0 |
Officer
Director
|
$0 | $58,416 | $744,578 |
| JOSHUA ABRAMS | BOARD MEMBER | 1.0 |
Officer
Director
|
$0 | $0 | $0 |
| LOWELL FREY | PRESIDENT | 1.0 |
Officer
Director
|
$0 | $0 | $0 |
| MARK BARON | VICE-PRESIDENT | 1.0 |
Officer
Director
|
$0 | $0 | $0 |
| WILLIAM DUBIN | CO-SECRETARY | 1.0 |
Officer
Director
|
$0 | $0 | $0 |
| ARLENE BASNER | BOARD MEMBER | 1.0 |
Director
|
$0 | $0 | $0 |
| DAVID HARRISON | BOARD MEMBER | 1.0 |
Director
|
$0 | $0 | $0 |
| DR JOSHUA KUGLER | BOARD MEMBER | 1.0 |
Director
|
$0 | $0 | $0 |
| FELICIA SINGH | BOARD MEMBER | 1.0 |
Director
|
$0 | $0 | $0 |
| JOAN PERKELL | BOARD MEMBER | 1.0 |
Director
|
$0 | $0 | $0 |
| JOE IORIO | BOARD MEMBER | 1.0 |
Director
|
$0 | $0 | $0 |
| JUDITH HOROWITZ | BOARD MEMBER | 1.0 |
Director
|
$0 | $0 | $0 |
| MICHAEL SCHAMROTH | BOARD MEMBER | 1.0 |
Director
|
$0 | $0 | $0 |
| PETER BREITSTONE | BOARD MEMBER | 1.0 |
Director
|
$0 | $0 | $0 |
| STEVEN GOLD | BOARD MEMBER | 1.0 |
Director
|
$0 | $0 | $0 |
| SUZANNE KORNBLATT | BOARD MEMBER | 1.0 |
Director
|
$0 | $0 | $0 |
| TARA BELFI | BOARD MEMBER | 1.0 |
Director
|
$0 | $0 | $0 |
| VICTOR HOROWITZ | BOARD MEMBER | 1.0 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $414,546 | $621,716 | $2,398,231 | $-207,170 |
| 2023 | $377,150 | $617,838 | $2,757,750 | $-240,688 |
| 2022 | $407,091 | $632,268 | $2,530,050 | $-225,177 |
| 2021 | $1,181,360 | $506,879 | $2,102,501 | $674,481 |
| 2020 | $533,832 | $286,258 | $992,496 | $247,574 |
| 2019 | $294,294 | $305,027 | $464,577 | $-10,733 |
| 2018 | $346,847 | $363,225 | $99,568 | $-16,378 |
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