NEW YORK EDGE 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

1992

Legal Domicile

Principal Officer

RACHAEL GAZDICK

Phone

7187867110

Tax Period

2024-07-01 to 2025-06-30

NEW YORK EDGE INC, founded in 1992, is a mid-sized nonprofit in the Recreation & Sports sector that reported $69.3M in total revenue in fiscal year 2024.

Mission

THE MISSION OF NEW YORK EDGE IS TO HELP BRIDGE THE OPPORTUNITY GAP AMONG STUDENTS IN UNDERINVESTED COMMUNITIES BY PROVIDING PROGRAMS DESIGNED TO IMPROVE ACADEMIC PERFORMANCE, HEALTH AND WELLNESS, SELF-CONFIDENCE, AND LEADERSHIP SKILLS FOR SUCCESS IN LIFE.

Program Service Accomplishments

Program 1

Expenses: $36,401,501 Revenue: $837,662

AFTER SCHOOL: NEW YORK EDGE AFTERSCHOOL PROGRAMS EXTEND LEARNING BEYOND THE TRADITIONAL SCHOOL DAY AND PROVIDE THOUSANDS OF STUDENTS WITH A SAFE, SUPPORTIVE ENVIRONMENT FILLED WITH ENGAGING...

AFTER SCHOOL: NEW YORK EDGE AFTERSCHOOL PROGRAMS EXTEND LEARNING BEYOND THE TRADITIONAL SCHOOL DAY AND PROVIDE THOUSANDS OF STUDENTS WITH A SAFE, SUPPORTIVE ENVIRONMENT FILLED WITH ENGAGING EXTRACURRICULAR ACTIVITIES. KNOWN AS CHAMPIONS CLUBS, THESE FLAGSHIP PROGRAMS SERVE STUDENTS FROM KINDERGARTEN THROUGH 12TH GRADE. NEW YORK EDGE DELIVERS A DIVERSE ARRAY OF PROGRAMMING THAT INCLUDES VISUAL AND PERFORMING ARTS, MUSIC, SPORTS, HEALTH AND WELLNESS, TUTORING, STEM (SCIENCE, TECHNOLOGY, ENGINEERING, AND MATH), SEL (SOCIAL EMOTIONAL LEARNING), AND LEADERSHIP DEVELOPMENT. OUR AFTERSCHOOL PROGRAMS TYPICALLY RUN FOR 36 WEEKS DURING THE ACADEMIC YEAR, WITH STUDENTS PARTICIPATING APPROXIMATELY 15 HOURS EACH WEEK. IN FISCAL YEAR 2025, OUR AFTERSCHOOL SERVICES BENEFITED 22,596 STUDENTS ACROSS 105 SITES. NEW YORK EDGE'S FULL RANGE OF ENRICHMENT, ACADEMIC, AND RECREATIONAL PROGRAMS HELP STUDENTS DEVELOP HEALTHY MINDS, BODIES, AND RELATIONSHIPS, AS WELL AS CREATIVE OUTLETS, TO THRIVE AND DEVELOP HOLISTICALLY.

Program 2

Expenses: $11,880,408

SUMMER CAMPS: NEW YORK EDGE PROUDLY OFFERS COST-FREE SUMMER CAMP PROGRAMS TO CHILDREN, FOCUSING ON A HOLISTIC APPROACH TO YOUTH DEVELOPMENT. OUR CAMPS INTEGRATE ACADEMIC, ATHLETIC, AND ARTISTIC...

SUMMER CAMPS: NEW YORK EDGE PROUDLY OFFERS COST-FREE SUMMER CAMP PROGRAMS TO CHILDREN, FOCUSING ON A HOLISTIC APPROACH TO YOUTH DEVELOPMENT. OUR CAMPS INTEGRATE ACADEMIC, ATHLETIC, AND ARTISTIC PROGRAMMING, CENTERED AROUND A DYNAMIC INTERDISCIPLINARY THEME DESIGNED TO ENGAGE AND ENRICH PARTICIPANTS' LEARNING AND SUMMER EXPERIENCE. A KEY GOAL OF THESE PROGRAMS IS TO MITIGATE SUMMER LEARNING LOSS. OPERATING THROUGHOUT JULY AND AUGUST FOR DURATIONS OF 6 TO 7 WEEKS AT A TIME, THE CAMPS ARE OPEN 4 TO 5 DAYS PER WEEK, RANGING FROM 4-10 HOURS DAILY. IN FISCAL YEAR 2025, OUR SUMMER CAMP PROGRAMS REACHED 11,480 STUDENTS ACROSS 69 DIFFERENT LOCATIONS.

Program 3

Expenses: $8,140,776

COMMUNITY SCHOOLS: NEW YORK EDGE SERVES AS THE LEAD COMMUNITY-BASED ORGANIZATION (CBO) FOR 22 NYC COMMUNITY SCHOOL GRANTS. THE COMMUNITY SCHOOL STRATEGY IS A COMPREHENSIVE, SITE-BASED APPROACH...

COMMUNITY SCHOOLS: NEW YORK EDGE SERVES AS THE LEAD COMMUNITY-BASED ORGANIZATION (CBO) FOR 22 NYC COMMUNITY SCHOOL GRANTS. THE COMMUNITY SCHOOL STRATEGY IS A COMPREHENSIVE, SITE-BASED APPROACH DESIGNED TO SUPPORT STUDENTS' ACADEMIC SUCCESS AND OVERALL WELL-BEING BY INTEGRATING ACADEMIC, SOCIAL-EMOTIONAL, FAMILY, AND COMMUNITY SUPPORTS WITHIN THE SCHOOL ENVIRONMENT. THESE COMMUNITY SCHOOL PARTNERSHIPS ARE INTENDED TO CREATE COORDINATED SYSTEMS OF SUPPORT FOR STUDENTS AND FAMILIES BY ALIGNING IN-SCHOOL AND OUT-OF-SCHOOL RESOURCES. NEW YORK EDGE'S OFFICE OF COMMUNITY SCHOOLS SUPPORTS THE DEVELOPMENT AND SUSTAINABILITY OF THESE PARTNERSHIPS THROUGH STRUCTURED COLLABORATION, PLANNING, AND IMPLEMENTATION. EACH COMMUNITY SCHOOL IS GROUNDED IN SHARED LEADERSHIP AND COLLABORATIVE PLANNING AMONG THE SCHOOL PRINCIPAL, SCHOOL LEADERSHIP TEAM, NEW YORK EDGE AS THE LEAD CBO, AND OTHER RELEVANT STAKEHOLDERS. NEW YORK EDGE ASSIGNS A COMMUNITY SCHOOL DIRECTOR TO EACH SITE WHO IS RESPONSIBLE FOR COORDINATING AND INTEGRATING SERVICES, PROGRAMS, AND PARTNERSHIPS ALIGNED TO THE SCHOOL'S IDENTIFIED NEEDS AND GOALS. A COLLABORATIVE LEADERSHIP STRUCTURE (SUCH AS A COMMUNITY SCHOOL TEAM) IS ESTABLISHED AT EACH SITE AND INCLUDES REPRESENTATION FROM SCHOOL LEADERSHIP, NEW YORK EDGE STAFF, FAMILIES, AND COMMUNITY PARTNERS. THIS STRUCTURE SUPPORTS SHARED DECISION-MAKING, ONGOING NEEDS ASSESSMENT, AND CONTINUOUS PROGRAM IMPROVEMENT.

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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 (2024)

Revenue Breakdown

Contributions & Grants $68,652,157

Program Service Revenue $837,662

Investment Income $59,711

Other Revenue $-291,551

TOTAL REVENUE $69,257,979

Expense Breakdown

Grants Paid $0

Salaries & Benefits $47,611,591

Fundraising Expenses $621,160

Program Expenses $56,422,685

Other Expenses $19,697,675

TOTAL EXPENSES $67,309,266

Year-over-Year Comparison

	2024	2023	Change
Revenue	$69,257,979	$71,920,905	0.0%
Expenses	$67,309,266	$76,392,258	-0.1%
Net Income	$1,948,713	$-4,471,353	-1.4%

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

2655

Volunteers

334

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

$646,600

Total Directors

Key Employees

$542,593

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FRANCIS GREENBURGER	CHAIRMAN	2.00	Officer Director	$0	$0	$0
ROSS SANDLER	CHAIRMAN EMERITUS	1.00	Officer Director	$0	$0	$0
JEFFREY RAVETZ	VICE CHAIR	1.00	Officer Director	$0	$0	$0
GREG REIMERS	SECRETARY/TREASURER	2.00	Officer Director	$0	$0	$0
NIESHA FOSTER	DIRECTOR	2.00	Director	$0	$0	$0
PASCALE HAINLINE	DIRECTOR	2.00	Director	$0	$0	$0
CRAIG BALSAM	DIRECTOR	2.00	Director	$0	$0	$0
ROGER ALCALY	DIRECTOR	1.00	Director	$0	$0	$0
PETER LIEB	DIRECTOR	1.00	Director	$0	$0	$0
JAVIER LATTANZIO	DIRECTOR	1.00	Director	$0	$0	$0
DAVID ALCALY	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT FAGENSON	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT TUCHMAN	DIRECTOR	1.00	Director	$0	$0	$0
GREG WEISS	DIRECTOR	1.00	Director	$0	$0	$0
ANITA GUPTA	DIRECTOR	2.00	Director	$0	$0	$0
SEEMA DHAR	DIRECTOR	2.00	Director	$0	$0	$0
DALE TODD	DIRECTOR	1.00	Director	$0	$0	$0
RASHID SILVERA	DIRECTOR	1.00	Director	$0	$0	$0
JAMES O'NEILL	DIRECTOR	1.00	Director	$0	$0	$0
MOIRA CASEY	DIRECTOR	1.00	Director	$0	$0	$0
MONICA CHAVES	DIRECTOR	1.00	Director	$0	$0	$0
NIKO ELMALEH	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL DICLERICO	DIRECTOR	1.00	Director	$0	$0	$0
LOUIS CILIBERTI	DIRECTOR	2.00	Director	$0	$0	$0
MARISA BEHARRY-VANZIE	DIRECTOR	1.00	Director	$0	$0	$0
HOWARD HELENE	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH TAM	DIRECTOR	1.00	Director	$0	$0	$0
RACHAEL GAZDICK	CHIEF EXECUTIVE OFFICER	40.00	Officer	$351,920	$7,935	$359,855
CARRIE KYLE	CHIEF FINANCIAL OFFICER	40.00	Officer	$35,828	$0	$35,828
AMANDA ROMERO	INTERIM CHIEF FINANCIAL OFFICER	40.00	Officer	$132,875	$0	$132,875
ANNA GROSS	FORMER CHIEF FINANCIAL OFFICER	40.00	Officer	$118,042	$0	$118,042
KEVIN HAUSS	CHIEF OPERATING OFFICER	40.00	Key Emp	$261,798	$6,026	$267,824
MARISOL DE LA ROSA	CHIEF PROGRAM OFFICER	40.00	Key Emp	$274,769	$0	$274,769
DORENE LEWIS	CHIEF HUMAN RESOURCES OFFICER	40.00	Highest	$203,018	$0	$203,018
NANCY GUIDA	CHIEF ADVANCEMENT AND COMMUNICATIONS OFFICER	40.00	Highest	$200,589	$0	$200,589
STEPHANIE COSTNER	CHIEF EDUCATION & INNOVATION OFFICER	40.00	Highest	$209,547	$0	$209,547
PETER QUINONES	CHIEF GOVERNMENT CONTRACTS AND COMPLIANCE OFFICER	40.00	Highest	$198,047	$0	$198,047
MARISSA MONTANEZ	CORPORATE COUNSIL	40.00	Highest	$112,508	$0	$112,508

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	$69,257,979	$67,309,266	$35,274,776	$1,948,713
2024	No data	No data	No data	No data
2023	$66,211,501	$63,806,983	$33,079,125	$2,404,518
2022	$50,435,175	$49,483,907	$27,384,881	$951,268
2021	$41,097,036	$40,972,029	$17,691,721	$125,007
2020	$43,502,389	$42,362,299	$12,502,807	$1,140,090