Limo Association of New York Inc C/o Stephen Spencer

Nonprofit profile at a glance

EIN
461127195
IRS 990-EZ coverage
2013–2024
Forms available
Form 990-EZ 2024
Location
Long Island City, NY, USA
Phone
2123970004
Rating
77
Verdict
SUPPORTED
Rating confidence
Moderate

Reported finances

Revenue
$4,500
Expenses
$3,184
Assets
$2,276
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

2 people listed

Executive titles in this filing

  • JEFF ROSE (PRESIDENT)

People named in this filing

  • JEFF ROSE (PRESIDENT)
  • STEPHEN SPENCER (TREASURER)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To promote the interests of businesses in the luxury for-hire ground transportation industry serving the New York city metropolitan area and surrounding New York suburbs by identifying strategic industry issues and concerns requiring public education. In addition, the organization also interfaces with other associations interested in and / or involved in issues relating to the luxury for-hire ground transporation industry as well as educating the media and members on issues and trends that affect the industry.

What it reported doing in 2024

To promote the interests of business in the luxury for- hire ground transportation industry serving the New York city metropolitan area and surrounding New York suburbs.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Program spending has declined or grown slowly and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 82
  • Transparency & Controls: 82
  • Sustainability: 64
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 70.8%; rating input score 71
  • Program expense ratio: 100%; rating input score 100

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 29.2%; rating input score 81; 81st percentile among comparable filings
  • Total-asset coverage ratio: 0.71; rating input score 38; 38th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: -12.1% per year; rating input score 0; 25th percentile among comparable filings
  • Revenue growth: -12% per year; rating input score 0; 21st percentile among comparable filings
  • Asset growth: -21.7% per year; rating input score 0; 9th percentile among comparable filings

Details

  • Where the money goes: 70.8% of revenue deployed · 100% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $3K in reported program spending
  • Leadership: top reported pay $0 · 2 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 1 filed schedules
  • Filing history: 11 filing years from 2013 to 2024
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 38/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.