NEW YORK MEMORY CENTER INC (EIN 112713960) - Form 990 Financial Analysis & Trantor Score

🔒

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

1983

Legal Domicile

Principal Officer

JOSEPH GIAMBOI ESQ

Phone

7184997701

Tax Period

2024-07-01 to 2025-06-30

NEW YORK MEMORY CENTER INC, founded in 1983, is a small nonprofit that reported $780K in total revenue in fiscal year 2024. Revenue surged 34% from the prior year, signaling strong growth momentum. The organization ran a surplus of $190K, a strong 24% operating margin.

Mission

FREE STANDING NON PROFIT, COMMUNITY-BASED AGENCY PROVIDING SERVICES TO ADULTS WITH COGNITIVE, PHYSICAL, AND EMOTIONAL LIMITATIONS TO HELP THEM ENJOY LIFE BEYOND DIAGNOSIS OF MEMORY LOSS.

🔒

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 (2024)

Revenue Breakdown

Contributions & Grants $365,687

Program Service Revenue $406,211

Investment Income $8,076

Other Revenue $0

TOTAL REVENUE $779,974

Expense Breakdown

Grants Paid $0

Salaries & Benefits $370,289

Fundraising Expenses $2,762

Program Expenses $344,762

Other Expenses $219,456

TOTAL EXPENSES $589,745

Year-over-Year Comparison

	2024	2023	Change
Revenue	$779,974	$581,102	+0.3%
Expenses	$589,745	$520,222	+0.1%
Net Income	$190,229	$60,880	+2.1%

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

Volunteers

N/A

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
SHARON GOLDZWEIG	SECRETARY	N/A	Officer Director	$0	$0	$0
DR BARBARA PARIS	BOARD MEMBER	N/A	Director	$0	$0	$0
JOSEPH GIAMBOI ESQ	BOARDCHAIR&P	N/A	Director	$0	$0	$0
CLAUDIA FINE	BOARD MEMBER	N/A	Director	$0	$0	$0
ROBERT REITMAN CPA	TREASURER	N/A	Director	$0	$0	$0
ALAN KRAMER	FORMER BOARD	N/A	Director	$0	$0	$0
KRISTEN MALLON	BOARD MEMBER	N/A	Director	$0	$0	$0
JENNIFER BREZNAY	BOARD MEMBER	N/A	Director	$0	$0	$0
GREGORY SIMONS	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
2025	$779,974	$589,745	$765,115	$190,229
2024	$581,102	$520,222	$706,865	$60,880
2023	$526,692	$460,020	$647,263	$66,672
2022	$602,792	$557,055	$242,536	$45,737
2021	$494,088	$588,857	$269,937	$-94,769
2020	$923,380	$1,031,071	$444,664	$-107,691
2019	$1,153,968	$1,213,496	$396,188	$-59,528
2018	$1,276,021	$1,312,887	$472,004	$-36,866

NEW YORK MEMORY CENTER INC