Coalition for Quality Long Term Care Inc

EIN: 872541519

New York, NY

Total Revenue
N/A
Total Expenses
$218,709
Total Assets
$17,388
Net Assets
$17,388
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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
2021
Legal Domicile
DE
Principal Officer
Michael Balboni
Phone
2126432828
Tax Period
2023-01-01 to 2023-12-31

Mission

The Company works to further the common good and welfare by educating the public about the current conditions of long term care facilities in NY and advocate for receiving more NY funds.

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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%)

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Financial Overview (2023)

Revenue Breakdown

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

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $218,709
TOTAL EXPENSES $218,709

Year-over-Year Comparison

2023 2022 Change
Revenue N/A $260,000 -1.0%
Expenses $218,709 $496,062 -0.6%
Net Income N/A $-236,062 N/A
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

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Governance

Voting Members
6
Independent Members
6
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
2
$0
Total Directors
6
$0
Key Employees
1
$116,667
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Michael Balboni Exec. Director 040.00
Key Emp Highest
$116,667 $0 $116,667
Simon Pelman Director 002.00
Director
$0 $0 $0
Ed Farbenblum Director 002.00
Director
$0 $0 $0
Jeremy Strais Director 002.00
Director
$0 $0 $0
Pat Debenedictus Director, President, Secretary 002.00
Officer Director
$0 $0 $0
Gedalya Klein Director, Treasurer 002.00
Officer Director
$0 $0 $0
Efriam Steif Dorector 002.00
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
2023 No data $218,709 $17,388 No data
2022 $260,000 $496,062 $236,097 $-236,062
2021 $599,280 $127,121 $472,159 $472,159
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