1199 SEIUGREATER NEW YORK JOB SECU… - Form 990 Financial Data

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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

2003

Legal Domicile

Principal Officer

MERCEDES MAMBRU

Phone

6464736656

Tax Period

2023-01-01 to 2023-12-31

1199 SEIUGREATER NEW YORK JOB SECURITY FUND, founded in 2003, is a small nonprofit in the Mutual Benefit sector that reported $194K in total revenue in fiscal year 2023. Revenue fell 73% from the prior year — a significant decline worth monitoring. Expenses of $1.1M exceeded revenue, resulting in a 449% operating deficit.

Mission

THE EXEMPT PURPOSE OF THIS FUND IS TO PROVIDE SUPPLEMENTAL UNEMPLOYMENT AND OTHER RELATED BENEFITS TO COVERED PARTICIPANTS.

Program Service Accomplishments

Program 1

THE EXEMPT PURPOSE OF THIS FUND IS TO PROVIDE SUPPLEMENTAL UNEMPLOYMENT AND OTHER RELATED BENEFITS TO THE 14,211 COVERED PARTICIPANTS.

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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 $0

Program Service Revenue $147,327

Investment Income $44,105

Other Revenue $2,300

TOTAL REVENUE $193,732

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $496,097

TOTAL EXPENSES $1,063,564

Year-over-Year Comparison

	2023	2022	Change
Revenue	$193,732	$708,159	-0.7%
Expenses	$1,063,564	$952,443	+0.1%
Net Income	$-869,832	$-244,284	+2.6%

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

$260,760

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALLAN SHERMAN	UNION TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL BALBONI	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
ROBIN ROSEN	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
WILLIAM PASCOCELLO	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
DOUG WISSMANN	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
YVONNE ARMSTRONG	UNION TRUSTEE	1.00	Director	$0	$0	$0
MILAGROS SILVA	UNION TRUSTEE	1.00	Director	$0	$0	$0
DAINE WILLIAMS	UNION TRUSTEE	1.00	Director	$0	$0	$0
DONNA REY	CROSS FUNDS EXECUTIVE OFFI	1.00	Officer	$0	$36,261	$111,179
MERCEDES MAMBRU	CHIEF FINANCIAL OFFICER	1.00	Officer	$1,150	$17,838	$53,389
SANDI VITO	EXECUTIVE DIRECTOR	1.00	Officer	$6,935	$20,805	$63,986
DANIEL BUSTILLO	DEPUTY EXECUTIVE DIRECTOR	1.00	Officer	$3,404	$11,013	$32,206

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	$193,732	$1,063,564	$7,856,033	$-869,832
2022	$708,159	$952,443	$7,669,026	$-244,284
2021	$490,377	$1,163,775	$7,382,173	$-673,398
2020	$1,665,312	$451,693	$7,494,831	$1,213,619
2019	$1,658,786	$297,882	$6,250,513	$1,360,904
2018	$1,637,297	$317,635	$4,883,219	$1,319,662

1199 SEIUGREATER NEW YORK JOB SECURITY FUND