PROJECT SAFETY NET NEW YORK INC

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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

1986

Legal Domicile

Principal Officer

CATHY GRZYMALA

Phone

6313852451

Tax Period

2023-01-01 to 2023-12-31

PROJECT SAFETY NET NEW YORK INC, founded in 1986, is a micro nonprofit that reported $49K in total revenue in fiscal year 2023. Revenue fell 97% from the prior year — a significant decline worth monitoring. Expenses of $68K exceeded revenue, resulting in a 39% operating deficit.

Mission

PROJECT SAFETY NET NEW YORK INC IS A REGIONAL COMMUNITY BASED 501(C)(3) NOT-FOR-PROFIT AGENCY DELIVERING COMPREHENSIVE SERVICES TO ALL LONG ISLANDERS INFECTED AND AFFECTED BY HIV/AIDS AND OTHER INFECTION DISEASES.

Program Service Accomplishments

Program 1

Expenses: $54,716 Revenue: $49,141

HEALTH HOMES SERVICE MEDICAID INDIVIDUALS WHOSE CHRONIC CONDITIONS INCLUDE, BUT ARE NOT LIMITED TO, SERIOUS ILLNESS, HIV/AIDS, AND OTHER ILLNESSES THAT PERSIST OVER A PERIOD OF TIME AND OVERSIGHT...

HEALTH HOMES SERVICE MEDICAID INDIVIDUALS WHOSE CHRONIC CONDITIONS INCLUDE, BUT ARE NOT LIMITED TO, SERIOUS ILLNESS, HIV/AIDS, AND OTHER ILLNESSES THAT PERSIST OVER A PERIOD OF TIME AND OVERSIGHT FROM A COORDINATED HEALTH CARE DELIVERY SYSTEM IN ADDITION TO CHALLENGING HEALTH-CARE ISSUES. MOST OF OUR CLIENTS HAVE SOCIAL SERVICE NEEDS REQUIRING ADVOCACY AND REFERRALS. OUR TEAM MANAGES BOTH THEIR CLINICAL AND SOCIAL DETERMINANTS OF HEALTH, SUCH AS HOMELESSNESS, FOOD INSECURITY AND ENTITLEMENTS, TO IMPROVE THEIR OUTCOMES. THE OBJECTIVES OF THE PROBLEM ARE TO REDUCE AVOIDABLE AND PREVENTABLE INPATIENT STAYS, REDUCE AVOIDABLE EMERGENCY DEPARTMENT VISITS, IMPROVE LINKAGE TO PRIMARY CARE AND SPECIALTY CLINICIANS, IMPOVE THE HEALTH OUTCOMES FOR PERSON WITH MENTALL ILLNESS AND.OR SUBSTANCE USE DISORDERS, ETC.

Program 2

OFFERING FREE AND CONFIDENTIAL TESTING, THE DEPARTMENT OF COMMUNITY ENGAGEMENT AND GRANT PROGRAMS PROVIDES MOBILE OUTREACH TO MEMBERS OF THE COMMUNITY WHO ARE AT RISK FOR HIV, HCV, OTHER SECUALLY...

OFFERING FREE AND CONFIDENTIAL TESTING, THE DEPARTMENT OF COMMUNITY ENGAGEMENT AND GRANT PROGRAMS PROVIDES MOBILE OUTREACH TO MEMBERS OF THE COMMUNITY WHO ARE AT RISK FOR HIV, HCV, OTHER SECUALLY TRANSMITTED INFECTIONS AND SUBSTANCE USE DISORDERS. EMPHASIS IS PLACED ON SPECIFIC POPULATIONS WHICH ARE CONSIERED HIGH RISK (E.G., YOUNG MEN OF COLOR WHO HAVE SEX WITH MEN AND OTHER UNDERSERVED POPULATIONS WHO STRUGGLE WITH POVERTY, MENTAL HEALTH AND STIGMA). CURRENTLY, PROJECT SAFETY NET NEW YORK INC. HAS A FEDERALLY FUNDED GRANT PROGRAM THAT SERVES THE COMMUNITY. SUBSTANCE ABUSE AND MENTAL HEALTH SERVICES ADMINISTRATION (SAMHSA), FUNDS BOTH AN INTERVENTION AND A TREATMENT PROGRAM.

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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 $49,141

Investment Income $0

Other Revenue $0

TOTAL REVENUE $49,141

Expense Breakdown

Grants Paid $0

Salaries & Benefits $49,739

Fundraising Expenses $0

Program Expenses $54,716

Other Expenses $18,656

TOTAL EXPENSES $68,395

Year-over-Year Comparison

	2023	2022	Change
Revenue	$49,141	$1,913,909	-1.0%
Expenses	$68,395	$2,834,514	-1.0%
Net Income	$-19,254	$-920,605	-1.0%

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

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

$38,893

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES SWIFT	BOARD CHAIRMAN	1.00	Officer Director	$0	$0	$0
DR EDWARD MARTINEZ	BOARD SECRETARY	1.00	Officer Director	$0	$0	$0
ILVAN ARROYO	FINANCE/AUDIT COMMITTEE	1.00	Director	$0	$0	$0
JANET POWERS	TRUSTEE	1.00	Director	$0	$0	$0
DR ERICA JAYNE FRIEDMAN	TRUSTEE	1.00	Director	$0	$0	$0
JOHN MARESCA	TRUSTEE	1.00	Director	$0	$0	$0
SHAUN RASMUSSEN	TRUSTEE	1.00	Director	$0	$0	$0
DR KEVIN JORDANN	TRUSTEE	1.00	Director	$0	$0	$0
DR ERWIN CABRERA	TRUSTEE	1.00	Director	$0	$0	$0
COLIN PEARSALL	EXECUTIVE DIRECTOR	40.00	Officer	$37,710	$1,183	$38,893

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
2023	$49,141	$68,395	No data	$-19,254
2022	$1,913,909	$2,834,514	$892,731	$-920,605
2021	$1,868,003	$2,454,132	$1,345,919	$-586,129
2020	$1,855,164	$2,489,422	$1,999,303	$-634,258
2018	$1,780,445	$3,433,665	$1,766,179	$-1,653,220