NY-NJ CHAPTER OF THE FINANCIAL MAN… - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1980

Legal Domicile

Principal Officer

JOSEPH MURPHY

Phone

6096899700

Tax Period

2023-07-01 to 2024-06-30

NY-NJ CHAPTER OF THE FINANCIAL MANAGERS SOCIETY, founded in 1980, is a micro nonprofit that reported $66K in total revenue in fiscal year 2023. Revenue fell 32% from the prior year — a significant decline worth monitoring. Expenses of $90K exceeded revenue, resulting in a 36% operating deficit.

Mission

EDUCATION AND PROFESSIONAL NETWORKING OPPORTUNITY FOR MEMBERS.

Program Service Accomplishments

Program 1

HOLD MEETINGS, SEMINARS, CONFERENCES AND OTHER SOCIAL EVENTS IN ORDER TO EDUCATE AND INFORM MEMBERS AND OTHERS WITHIN THE FINANCIAL SERVICES INDUSTRY REGARDING ACCOUNTING, FINANCIAL MANAGEMENT...

HOLD MEETINGS, SEMINARS, CONFERENCES AND OTHER SOCIAL EVENTS IN ORDER TO EDUCATE AND INFORM MEMBERS AND OTHERS WITHIN THE FINANCIAL SERVICES INDUSTRY REGARDING ACCOUNTING, FINANCIAL MANAGEMENT AUDITING, AND OTHER INDUSTRY ISSUES AND TO PROVIDE MEMBERS WITH OPPORTUNITIES FOR TECHNICAL, PERSONAL, AND LEADERSHIP GROWTH AND DEVELOPMENT.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $64,260

Investment Income $1,954

Other Revenue $0

TOTAL REVENUE $66,214

Expense Breakdown

Grants Paid $1,000

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $89,299

TOTAL EXPENSES $90,299

Year-over-Year Comparison

	2023	2022	Change
Revenue	$66,214	$96,836	-0.3%
Expenses	$90,299	$86,729	+0.0%
Net Income	$-24,085	$10,107	-3.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
FRANCESCA SGAMBELLONE	PRESIDENT	4.00	Officer Director	$0	$0	$0
JOESPH MURPHY	VICE PRESIDENT	4.00	Officer Director	$0	$0	$0
ANDREY DRAGUN	TREASURER	4.00	Officer Director	$0	$0	$0
NICHOLAS MOTISI	SECRETARY	4.00	Officer Director	$0	$0	$0
DAVID J LAUWE	OFFICER	1.00	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	$66,214	$90,299	$77,647	$-24,085
2023	$96,836	$86,729	$101,732	$10,107
2022	$71,345	$83,123	$96,475	$-11,778
2021	$20,308	$27,333	$108,253	$-7,025
2020	$152,127	$132,200	$115,278	$19,927
2019	$98,549	$108,689	$129,486	$-10,140
2018	$120,638	$131,302	$100,641	$-10,664

NY-NJ CHAPTER OF THE FINANCIAL MANAGERS SOCIETY