WESTCHESTER COUNTY ASSOCIATION INC (EIN 131737011) - 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

1950

Legal Domicile

Principal Officer

MICHAEL N ROMITA

Phone

9149486444

Tax Period

2023-01-01 to 2023-12-31

WESTCHESTER COUNTY ASSOCIATION INC, founded in 1950, is a community nonprofit that reported $2.5M in total revenue in fiscal year 2023. Expenses of $2.3M left a modest 10% surplus.

Mission

TO ENHANCE WESTCHESTER COUNTY, NEW YORK'S POSITION AS A COMMUNITY IN WHICH TO LIVE, WORK AND CONDUCT BUSINESS. THE ASSOCIATION SERVES AS A NON-POLITICAL FORUM FOR ADDRESSING COUNTYWIDE ISSUES THAT AFFECT WESTCHESTER'S ECONOMY, AS WELL AS ITS QUALITY OF LIFE. THESE ISSUES INCLUDE, BUT ARE NOT LIMITED TO, ECONOMIC DEVELOPMENT, HEALTHCARE, HOUSING, TRANSPORTATION, THE ENVIRONMENT, AND EDUCATION AND DIGITAL CONNECTIVITY.

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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 $1,235,667

Program Service Revenue $1,275,375

Investment Income $6

Other Revenue $1,980

TOTAL REVENUE $2,513,028

Expense Breakdown

Grants Paid $9,505

Salaries & Benefits $822,234

Fundraising Expenses $0

Program Expenses $1,872,670

Other Expenses $1,432,335

TOTAL EXPENSES $2,264,074

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,513,028	$2,370,076	+0.1%
Expenses	$2,264,074	$2,206,782	+0.0%
Net Income	$248,954	$163,294	+0.5%

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

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

$338,242

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SUSAN FOX	CHAIR	1.00	Officer Director	$0	$0	$0
ALE FREDERICO	SECRETARY	1.00	Officer Director	$0	$0	$0
CHRISTOPHER FISHER	VICE-CHAIR	1.00	Officer Director	$0	$0	$0
WILLIAM HARRINGTON	PAST CHAIR	1.00	Officer Director	$0	$0	$0
ASISH ARORA	DIRECTOR	1.00	Director	$0	$0	$0
DEREK ANDERSON	DIRECTOR	1.00	Director	$0	$0	$0
HORACE ANDERSON	DIRECTOR	1.00	Director	$0	$0	$0
PAUL ADLER	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT AIELLO PE	DIRECTOR	1.00	Director	$0	$0	$0
MARY AMATO	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT AMLER MD	DIRECTOR	1.00	Director	$0	$0	$0
TERRY BURSTON	DIRECTOR	1.00	Director	$0	$0	$0
JOHN COONEY JR	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM CUDDY JR	DIRECTOR	1.00	Director	$0	$0	$0
THEADORA DIAMANTIS	DIRECTOR	1.00	Director	$0	$0	$0
ALFRED DONNELLAN	DIRECTOR	1.00	Director	$0	$0	$0
JUSTIN DRISCOLL	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT EDELMAN	DIRECTOR	1.00	Director	$0	$0	$0
LINDSAY FARRELL	DIRECTOR	1.00	Director	$0	$0	$0
JAN FISHER	DIRECTOR	1.00	Director	$0	$0	$0
JOHN FLANNERY	DIRECTOR	1.00	Director	$0	$0	$0
FRANK FORTE	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT GLAZER	DIRECTOR	1.00	Director	$0	$0	$0
MIKE GOLDRICK	DIRECTOR	1.00	Director	$0	$0	$0
TIMOTHY HALL	DIRECTOR	1.00	Director	$0	$0	$0
HOWARD KLEIN CPA MS	DIRECTOR	1.00	Director	$0	$0	$0
RITA MABLI	DIRECTOR	1.00	Director	$0	$0	$0
SETH MANDELBAUM	DIRECTOR	1.00	Director	$0	$0	$0
LUIS MASSIANI	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN MCCARTHY	DIRECTOR	1.00	Director	$0	$0	$0
STEVE MCCULLOUCH	DIRECTOR	1.00	Director	$0	$0	$0
BRENDAN MEYER	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM MOONEY JR	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM MOONEY III	DIRECTOR	1.00	Director	$0	$0	$0
DEBORAH NOVICK	DIRECTOR	1.00	Director	$0	$0	$0
JIM O'CONNOR	DIRECTOR	1.00	Director	$0	$0	$0
STACY PETROWER	DIRECTOR	1.00	Director	$0	$0	$0
JAY PISCO	DIRECTOR	1.00	Director	$0	$0	$0
STEPHEN ROSENTHAL	DIRECTOR	1.00	Director	$0	$0	$0
JOSH RATNER	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN RICHARDS	DIRECTOR	1.00	Director	$0	$0	$0
TYRE ROBINSON	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH SIMONE	DIRECTOR	1.00	Director	$0	$0	$0
JANE SOLNICK	DIRECTOR	1.00	Director	$0	$0	$0
KEN THEOBALDS	DIRECTOR	1.00	Director	$0	$0	$0
ANTHONY VICEROY	DIRECTOR	1.00	Director	$0	$0	$0
TERESITA WISELL	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW WEISZ	DIRECTOR	1.00	Director	$0	$0	$0
MELINDA WHITE	DIRECTOR	1.00	Director	$0	$0	$0
ROBIN WHITE	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD WISHNIE	DIRECTOR	1.00	Director	$0	$0	$0
DAN BLUM	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL N ROMITA	PRESIDENT & CEO	40.00	Officer	$166,878	$41,487	$208,365
AMY ALLEN	VICE PRESIDENT	40.00	Officer	$129,400	$477	$129,877
JASON CHAPIN	DIR., WORKFORCE DEVELOPMENT	40.00	Highest	$119,878	$41,487	$161,365

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
2024	No data	No data	No data	No data
2023	$2,513,028	$2,264,074	$2,220,030	$248,954
2022	$2,370,076	$2,206,782	$2,126,680	$163,294
2021	$1,682,201	$1,402,221	$1,083,701	$279,980
2020	$1,279,123	$1,324,194	$633,359	$-45,071
2019	$1,638,984	$1,718,973	$391,325	$-79,989
2018	$2,590,270	$2,504,188	$506,288	$86,082

WESTCHESTER COUNTY ASSOCIATION INC