NEW YORK SHIPPING ASSOCIATION-PPGU WELFARE FUND & PLAN (EIN 131966980) - 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

Phone

2012430660

Tax Period

2024-01-01 to 2024-12-31

NEW YORK SHIPPING ASSOCIATION-PPGU WELFARE FUND & PLAN, founded in 1950, is a community nonprofit that reported $5.7M in total revenue in fiscal year 2024.

Mission

SEE PART III, LINE 4a

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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 $0

Program Service Revenue $5,713,369

Investment Income $1,595

Other Revenue $26,321

TOTAL REVENUE $5,741,285

Expense Breakdown

Grants Paid $0

Salaries & Benefits $130,006

Fundraising Expenses $0

Program Expenses $5,775,344

Other Expenses $226,475

TOTAL EXPENSES $5,775,344

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,741,285	$5,733,546	+0.0%
Expenses	$5,775,344	$5,690,352	+0.0%
Net Income	$-34,059	$43,194	-1.8%

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

Total Directors

$186,444

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MOHAMED ARBAB	UNION T'EE EMPL	26.00	Director	$77,000	$0	$110,000
RICHARD ROSSIELLO	UNION T'EE EMPL	14.00	Director	$42,000	$16,444	$76,444
CHARLES DARRELL	MGMT. TRUSTEE	0.00	Director	$0	$0	$0
SUSAN WINFREE	MGMT. TRUSTEE	0.00	Director	$0	$0	$0
JOSEPH FARLEY	MGMT. TRUSTEE	0.00	Director	$0	$0	$0
TERENCE DICKENSON	MGMT. TRUSTEE	0.00	Director	$0	$0	$0
MICHAEL DELVISCOVO	ALT. MGT T'EE	0.00	Director	$0	$0	$0
JOHN D WILLIAMS	ALT. MGT T'EE	0.00	Director	$0	$0	$0
DANIEL MASSARO	TREASURER	0.00	Officer	$0	$0	$0

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	$5,741,285	$5,775,344	$88,756	$-34,059
2023	$5,733,546	$5,690,352	$118,983	$43,194
2022	$5,244,853	$5,210,631	$70,189	$34,222
2021	$4,741,509	$4,956,038	$42,517	$-214,529
2020	$5,126,760	$4,914,757	$261,589	$212,003
2019	$4,650,580	$4,668,224	$42,526	$-17,644
2018	$4,456,241	$4,476,067	$59,688	$-19,826

NEW YORK SHIPPING ASSOCIATION-PPGU WELFARE FUND & PLAN