DESTINATION 39 3 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

2022

Legal Domicile

Principal Officer

DAVID PROSKIN

Phone

9145885367

Tax Period

2023-01-01 to 2023-12-31

DESTINATION 39 3 INC, founded in 2022, is a small nonprofit in the Community Improvement sector that reported $112K in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year. Expenses of $129K exceeded revenue, resulting in a 15% operating deficit.

Mission

TO HELP CREATE A GREATER SENSE OF COMMUNITY ENGAGEMENT FOR THE THREE HAMLETS OF THE TOWN OF BEDFORD, NY. TO EMBRACE THE UNIQUE GIFTS AND DIVERSITY OF THE HAMLETS.

Program Service Accomplishments

Program 1

Expenses: $125,683 Revenue: $0

TO HELP CREATE A GREATER SENSE OF COMMUNITY ENGAGEMENT FOR THE THREE HAMLETS OF THE TOWN OF BEDFORD, NY. TO INCLUDE COMMUNITY WIDE EVENTS AND STRENGTHENING COMMERCE IN THE TOWN OF BEDFORD, NY.

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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 $33,726

Program Service Revenue $78,723

Investment Income $0

Other Revenue $0

TOTAL REVENUE $112,449

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $125,683

Other Expenses $128,763

TOTAL EXPENSES $128,763

Year-over-Year Comparison

	2023	2022	Change
Revenue	$112,449	$124,703	-0.1%
Expenses	$128,763	$110,788	+0.2%
Net Income	$-16,314	$13,915	-2.2%

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

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
NELL SHAPIRO	CO-PRESIDENT	N/A	Officer	$0	$0	$0
SHERRI OWLES	CO-PRESIDENT	N/A	Officer	$0	$0	$0
DAVID PROSKIN	TREASURER	N/A	Officer	$0	$0	$0
KELLI SZLUKA	BOARD MEMBER	N/A	Director	$0	$0	$0
RICHARD STRATTNER	BOARD MEMBER	N/A	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	$112,449	$128,763	$29	$-16,314
2022	$124,703	$110,788	$13,916	$13,915