SIBS PLACE INC

EIN: 813485876 501(c)(3) Human Services

OCEANSIDE, NY

Total Revenue
$414,546
Total Expenses
$621,716
Total Assets
$2,398,231
Net Assets
$410,255
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
NY
Phone
5166323965
Tax Period
2024-01-01 to 2024-12-31

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.

Mission

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.

Program Service Accomplishments

Program 1
Expenses: $562,104 Revenue: $0

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...

Read more

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.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $414,546
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $414,546

Expense Breakdown

Grants Paid $0
Salaries & Benefits $344,219
Fundraising Expenses $49,950
Program Expenses $562,104
Other Expenses $277,497
TOTAL EXPENSES $621,716

Year-over-Year Comparison

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%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
20
Independent Members
18
Employees
N/A
Volunteers
36

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
7
$867,966
Total Directors
20
$867,966
Key Employees
0
$0
Highest Compensated
0
reported
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
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 $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
Explore More Nonprofits
Top 100 Nonprofits in New York Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare SIBS PLACE INC with other nonprofits in New York and across the country.