ASSOCIATION FOR A BETTER NEW YORK … - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1970

Legal Domicile

Principal Officer

CHAD PURKEY

Phone

2123705800

Tax Period

2023-01-01 to 2023-12-31

ASSOCIATION FOR A BETTER NEW YORK INC, founded in 1970, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2023. Revenue decreased 19% compared to the prior year. Expenses of $1.1M exceeded revenue, resulting in a 11% operating deficit.

Mission

THE ASSOCIATION FOR A BETTER NEW YORK, INC.'S (THE ORGANIZATION") PRIMARY EXEMPT PURPOSE IS TO PROMOTE THE ECONOMIC CLIMATE OF NEW YORK CITY AND STIMULATE THE INTERESTS OF ITS CITIZENS.

Program Service Accomplishments

Program 1

ABNY BREAKFAST AND LUNCHEON EVENTS OFFER MEMBERS AND THE PUBLIC THE OPPORTUNITY TO HEAR FROM LEADERS IN BUSINESS, GOVERNMENT, AND NONPROFIT SECTORS ADDRESSING THE CIVIC ISSUES OF THE DAY.

Program 2

OTHER MEETINGS AND EVENTS TO EDUCATE NEW YORKERS ON POLICY ISSUES FACING THE CITY AND THE STATE AND TO ALLOW FOR INDIVIDUALS AND ORGANIZATIONS TO MEET TO DISCUSS AND EXCHANGE IDEAS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $903,437

Investment Income $5,493

Other Revenue $101,750

TOTAL REVENUE $1,010,680

Expense Breakdown

Grants Paid $0

Salaries & Benefits $827,515

Fundraising Expenses $0

Other Expenses $295,376

TOTAL EXPENSES $1,122,891

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,010,680	$1,241,639	-0.2%
Expenses	$1,122,891	$1,341,238	-0.2%
Net Income	$-112,211	$-99,599	+0.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$369,768

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVEN RUBENSTEIN	CHAIRMAN	10.00	Officer Director	$0	$0	$0
ALAN VAN CAPELLE	TREASURER	2.00	Officer Director	$0	$0	$0
MICHELLE ADAMS	DIRECTOR	2.00	Director	$0	$0	$0
VINCENT ALVAREZ	DIRECTOR	2.00	Director	$0	$0	$0
GREGG BISHOP	DIRECTOR	2.00	Director	$0	$0	$0
SAMANTHA RUDIN EARLS	DIRECTOR	2.00	Director	$0	$0	$0
WILLIAM FLOYD	DIRECTOR	2.00	Director	$0	$0	$0
JENNIFER HENSLEY	DIRECTOR	2.00	Director	$0	$0	$0
ROBERT LEHRMAN	DIRECTOR	2.00	Director	$0	$0	$0
FELIX V MATOS RODRIGUEZ	DIRECTOR	2.00	Director	$0	$0	$0
JULIO PETERSON	DIRECTOR	2.00	Director	$0	$0	$0
FRANCES RESHESKE	DIRECTOR	2.00	Director	$0	$0	$0
WILLIAM C RUDIN	DIRECTOR	2.00	Director	$0	$0	$0
JEFFREY STEWART	DIRECTOR	2.00	Director	$0	$0	$0
JEFFREY WILPON	DIRECTOR	2.00	Director	$0	$0	$0
CHAD PURKEY	VICE PRESIDENT	40.00	Officer	$102,655	$1,039	$103,694
MELVA MILLER	CEO	40.00	Officer	$257,324	$8,750	$266,074

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	$1,010,680	$1,122,891	$806,104	$-112,211
2022	$1,241,639	$1,341,238	$997,229	$-99,599
2021	$1,081,305	$964,026	$1,252,212	$117,279
2020	$1,328,806	$1,233,921	$1,155,642	$94,885
2019	$1,413,519	$1,431,703	$1,129,663	$-18,184
2018	$1,255,734	$1,177,724	$1,175,477	$78,010

ASSOCIATION FOR A BETTER NEW YORK INC