NYCOMEC CORP (EIN 113302750) - Form 990 Financial Analysis & Trantor Score

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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

1996

Legal Domicile

Principal Officer

NICOLE WADSWORTH

Phone

5166863730

Tax Period

2022-01-01 to 2022-12-31

NYCOMEC CORP, founded in 1996, is a micro nonprofit in the Education sector that reported $630 in total revenue in fiscal year 2022. Revenue fell 86% from the prior year — a significant decline worth monitoring. Expenses of $185K exceeded revenue, resulting in a 29203% operating deficit.

Mission

TO CONTINUALLY IMPROVE THE QUALITY AND SCOPE OF GRADUATE MEDICAL EDUCATION WITHIN THE CONTINUUM OF OSTEOPATHIC MEDICAL EDUCATION.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $630

Other Revenue $0

TOTAL REVENUE $630

Expense Breakdown

Grants Paid $0

Salaries & Benefits $587,122

Fundraising Expenses $0

Program Expenses $170,123

Other Expenses $-402,511

TOTAL EXPENSES $184,611

Year-over-Year Comparison

	2022	2021	Change
Revenue	$630	$4,430	-0.9%
Expenses	$184,611	$66,354	+1.8%
Net Income	$-183,981	$-61,924	+2.0%

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

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

$310,865

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JERRY BALENTINE	MEMBER	0.10	Director	$0	$0	$0
NICOLE WADSWORTH	CHAIRMAN	0.10	Officer Director	$0	$0	$0
SHANE SPEIGHTS	MEMBER	0.10	Director	$0	$0	$0
WILLIAM BLAZAY	SECRETARY	0.10	Officer Director	$0	$0	$0
DAVID BRODER	PRESIDENT	50.00	Officer	$310,865	$0	$310,865

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
2022	$630	$184,611	$998,058	$-183,981
2021	$4,430	$66,354	$1,652,727	$-61,924
2020	$316,604	$2,590,292	$2,330,698	$-2,273,688
2019	$1,051,642	$1,128,495	$2,973,079	$-76,853
2018	$1,448,149	$1,218,451	$2,930,070	$229,698

NYCOMEC CORP