NEW YORK STATE CHIROPRACTIC ASSOCIATION INC (EIN 116042360) - 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

1970

Legal Domicile

Principal Officer

ANTHONY PALUMBO DC

Phone

5187856346

Tax Period

2024-06-01 to 2025-05-31

NEW YORK STATE CHIROPRACTIC ASSOCIATION INC, founded in 1970, is a small nonprofit that reported $575K in total revenue in fiscal year 2024. Revenue grew 20% year-over-year, indicating healthy expansion. Expenses of $509K left a modest 12% surplus.

Mission

1. TO ENHANCE THE PUBLIC HEALTH BY ASSURING UNIVERSAL ACCESS TO SAFE AND EFFECTIVE HEALTH CARE.2. TO LEAD CHIROPRACTIC TOWARD FULL INTEGRATION IN THE EVOLVING HEALTH CARE DELIVERY SYSTEM AS THE TREATMENT OF CHOICE FOR THE CONSERVATIVE MANAGEMENT OF NEUROMUSCULOSKELETAL DYSFUNCTION.3. TO ADVANCE RESEARCH, ELEVATE THE EDUCATIONAL STANDARDS OF THE PROFESSION, AND EMBRACE THE HIGHEST PROFESSIONAL ETHICS AND STANDARDS.4. TO ASSIST THE DOCTOR OF CHIROPRACTIC - THE PATIENT'S ADVOCATE - IN DELIVERING ACCOUNTABLE, COORDINATED, PATIENT ORIENTED CARE TO PEOPLE OF ALL AGES.

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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 $290,963

Program Service Revenue $244,447

Investment Income $14,720

Other Revenue $25,300

TOTAL REVENUE $575,430

Expense Breakdown

Grants Paid $0

Salaries & Benefits $139,066

Fundraising Expenses $0

Program Expenses $444,808

Other Expenses $369,546

TOTAL EXPENSES $508,612

Year-over-Year Comparison

	2024	2023	Change
Revenue	$575,430	$479,640	+0.2%
Expenses	$508,612	$523,810	0.0%
Net Income	$66,818	$-44,170	-2.5%

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

100

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

$57,443

Total Directors

$57,443

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JASON W BROWN DC	PAST PRESIDENT	2.00	Director	$0	$0	$0
LLOYD H KUPFERMAN DC	SECRETARY	2.00	Officer Director	$0	$0	$0
MARIANGELA PENNA DC	DIRECTOR	2.00	Director	$0	$0	$0
ALLISON FLEMING DC	DIRECTOR	2.00	Director	$0	$0	$0
CHRISTOPHER M PIERING DC	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
ANTHONY MARIO PALUMBO DC	PRESIDENT	2.00	Officer Director	$0	$0	$0
BRUCE SILBER DC	DIRECTOR	2.00	Director	$0	$0	$0
ROBERT J DESANTIS DC	DIRECTOR	2.00	Director	$0	$0	$0
JAMES WALTERS DC	ACA AFFILIATE	2.00	Director	$0	$0	$0
JOSEPH MERCKLING DC	DIRECTOR	2.00	Director	$0	$0	$0
GERALD STEVENS DC	TREASURER	2.00	Officer Director	$0	$0	$0
JOSEPH CAMPISI DC	DIRECTOR	2.00	Director	$0	$0	$0
ROBIN A STEIN DC	DIRECTOR	2.00	Director	$0	$0	$0
AMORETTE B SMITH	COMMUNICATIONS SECRETARY	2.00	Officer Director	$0	$0	$0
ROBERT MARTIN DC	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL O'LEARY DC	DIRECTOR	2.00	Director	$0	$0	$0
WILLIAM LAURETTI DC	DIRECTOR	2.00	Director	$0	$0	$0
CHRISTINE ANTOLDI	DIRECTOR	2.00	Director	$0	$0	$0
BETHANY BURYTA	DIRECTOR	2.00	Director	$0	$0	$0
ELIZABETH A KANTROWITZ	VP OPERATIONS	40.00	Officer Director	$57,443	$0	$57,443

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	$575,430	$508,612	$559,416	$66,818
2024	$479,640	$523,810	$536,518	$-44,170
2023	$536,043	$511,725	$543,627	$24,318
2022	$445,482	$390,602	$492,302	$54,880
2021	$381,189	$302,192	$432,026	$78,997
2020	$320,736	$349,889	$383,884	$-29,153
2019	$471,482	$442,060	$379,268	$29,422
2018	$415,921	$432,232	$349,345	$-16,311

NEW YORK STATE CHIROPRACTIC ASSOCIATION INC