THE NEW YORK MILK BANK INC

EIN: 010934160 501(c)(3) Health Care

VALHALLA, NY

Total Revenue
$1,779,649
Total Expenses
$1,511,344
Total Assets
$1,499,606
Net Assets
$1,032,546
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Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
NY
Principal Officer
RACHEL GRANGER
Phone
2129566455
Tax Period
2023-01-01 to 2023-12-31

THE NEW YORK MILK BANK INC, founded in 2009, is a community nonprofit in the Health Care sector that reported $1.8M in total revenue in fiscal year 2023. Revenue surged 34% from the prior year, signaling strong growth momentum. The organization ran a surplus of $268K, a strong 15% operating margin.

Mission

THE NEW YORK MILK BANK IS DEDICATED TO IMPROVING THE HEALTH AND SURVIVAL OF INFANTS IN NEED BY PROVIDING THEM WITH SAFELY PASTEURIZED DONOR HUMAN MILK WHEN THEIR MOTHERS' OWN MILK IS UNAVAILABLE OR INSUFFICIENT.

Program Service Accomplishments

Program 1
Expenses: $1,277,566 Revenue: $1,563,350

IN 2023, THE NEW YORK MILK BANK (NYMB) CONTINUED TO FULFILL ITS MISSION OF PROVIDING SAFELY PASTEURIZED DONOR HUMAN MILK (PDHM) TO PREMATURE AND MEDICALLY FRAGILE BABIES IN NICU'S ACROSS NEW YORK...

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IN 2023, THE NEW YORK MILK BANK (NYMB) CONTINUED TO FULFILL ITS MISSION OF PROVIDING SAFELY PASTEURIZED DONOR HUMAN MILK (PDHM) TO PREMATURE AND MEDICALLY FRAGILE BABIES IN NICU'S ACROSS NEW YORK STATE AS WELL AS IN NEW JERSEY AND CONNECTICUT. DEMAND FOR PDHM CONTINUED TO EXPAND IN 2023. THE NYMB SAW GROWTH OF APPROXIMATELY 27% IN DISPENSING COMPARED TO 2022 AND COMPLETED THE YEAR HAVING WORKED WITH 52 HOSPITALS AND DIRECTLY SUPPORTED OVER 200 OUTPATIENTS THROUGHOUT THE REGION. THIS WAS ACCOMPANIED BY 10% GROWTH IN THE VOLUME OF MILK DONATIONS COLLECTED WITH OVER 1200 GENEROUS DONATIONS RECEIVED FROM APPROXIMATELY 500 DONORS. IN 2023, THE NYMB MAINTAINED 26 MILK DEPOTS WHICH ARE COLLECTION SITES LOCATED THROUGHOUT NY STATE AND NJ FOR APPROVED DONORS TO DROP OFF THEIR DONATIONS. ADDITIONALLY, TO PROMOTE THE USE OF DONOR MILK IN THE HOSPITAL SETTING FOR PREMATURE BABIES, NYMB CONTINUED TO DELIVER REMOTE PRESENTATIONS TO HOSPITAL STAFF. WITH ITS STRONG SOCIAL MEDIA PRESENCE NYMB CONTINUED TO COMMUNICATE TO THE PUBLIC TO DONATE AND RECEIVE THIS LIFE SAVING MILK. IN ADDITION TO COLLECTING AND DISPENSING DONOR MILK, NYMB PLAYED A POSITIVE ROLE WITHIN THE COMMUNITY BY PROVIDING OPPORTUNUTIES FOR VOLUNTEERS TO ASSIST OUR STAFF WITH TASKS IMPORTANT TO THE FUNCTIONING OF THE MILK BANK. NYMB DONATED DOZENS OF NEW MOTHER GIFTS TO FAMILIES IN NEED ACCROSS THE TRI-STATE AREA.

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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 $169,863
Program Service Revenue $1,563,350
Investment Income $8,069
Other Revenue $38,367
TOTAL REVENUE $1,779,649

Expense Breakdown

Grants Paid $0
Salaries & Benefits $647,267
Fundraising Expenses $64,918
Program Expenses $1,277,566
Other Expenses $864,077
TOTAL EXPENSES $1,511,344

Year-over-Year Comparison

2023 2022 Change
Revenue $1,779,649 $1,325,749 +0.3%
Expenses $1,511,344 $1,395,760 +0.1%
Net Income $268,305 $-70,011 -4.8%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Governance

Voting Members
15
Independent Members
14
Employees
14
Volunteers
35

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
6
$135,000
Total Directors
15
$135,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LINDA HARELICK EXECUTIVE DI 40.00
Officer Director
$135,000 $0 $135,000
JULIE BOUCHET-HORWITZ FNP-BC PRESIDENT 6.00
Officer Director
$0 $0 $0
TIM REILLY VICE CHAIR 4.00
Officer Director
$0 $0 $0
TERESA MARZIANO VICE CHAIR 2.00
Officer Director
$0 $0 $0
SCOTT EISENBERG SECRETARY 1.00
Officer Director
$0 $0 $0
KAREN SMITH TREASURER 4.00
Officer Director
$0 $0 $0
SUSAN VIERCZHALEK MEDICAL DIRE 2.00
Director
$0 $0 $0
BORIANA PARVEZ MD DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL KELTER DIRECTOR 1.00
Director
$0 $0 $0
KATIE KELTER MD DIRECTOR 1.00
Director
$0 $0 $0
SUSAN WALKER DIRECTOR 2.00
Director
$0 $0 $0
TOM GAIPA DIRECTOR 3.00
Director
$0 $0 $0
THOMAS MCCARTHY DIRECTOR 1.00
Director
$0 $0 $0
KARA VENUS DIRECTOR 1.00
Director
$0 $0 $0
NICOLE ELZ DIRECTOR 2.00
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
2024 No data No data No data No data
2023 $1,779,649 $1,511,344 $1,499,606 $268,305
2022 $1,325,749 $1,395,760 $1,322,267 $-70,011
2021 $1,276,152 $1,320,007 $969,195 $-43,855
2020 $1,234,141 $1,186,148 $1,019,813 $47,993
2019 $1,168,396 $1,019,902 $891,063 $148,494
2018 $1,062,585 $714,449 $728,107 $348,136
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