NEW YORK STATE FINANCIAL AID ADMIN… - Form 990 Financial Data

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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

1968

Legal Domicile

Principal Officer

DANIELLE COOPER

Phone

2129984444

Tax Period

2024-07-01 to 2025-06-30

NEW YORK STATE FINANCIAL AID ADMINISTRATORS ASSOCIATION INC, founded in 1968, is a small nonprofit in the Education sector that reported $210K in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year. Expenses of $276K exceeded revenue, resulting in a 31% operating deficit.

Mission

TO DEVELOP AND FACILITATE THE DEVELOPMENT OF A SKILLFULL, COMPETENT AND INVOLVED FINANCIAL AID PROFESSIONAL MEMBERSHIP.

Program Service Accomplishments

Program 1

Expenses: $158,134 Revenue: $131,259

PROVIDED CONFERENCES AND TRAINING SESSIONS TO FINANCIAL AID ADMINISTRATORS FROM ACROSS NEW YORK STATE ON VARIOUS TOPICS INCLUDING FINANCIAL AID GUIDELINES.

Program 2

Expenses: $7,500

SCHOLARSHIP PROGRAM

Program 3

TO PROVIDE AN OPPORTUNITY FOR STUDENTS, PARENTS, AND GUARDIANS TO OBTAIN FREE AND PROFESSIONAL ASSISTANCE IN COMPLETING FINANCIAL AID APPLICATION FORMS.

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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 $74,884

Program Service Revenue $131,259

Investment Income $4,020

Other Revenue $0

TOTAL REVENUE $210,163

Expense Breakdown

Grants Paid $7,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $165,634

Other Expenses $268,464

TOTAL EXPENSES $275,964

Year-over-Year Comparison

	2024	2023	Change
Revenue	$210,163	$233,614	-0.1%
Expenses	$275,964	$224,054	+0.2%
Net Income	$-65,801	$9,560	-7.9%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT ZASSO	PRESIDENT	5.00	Officer Director	$0	$0	$0
PATTI BEERS	PAST PRESIDENT	2.00	Officer Director	$0	$0	$0
DANIELLA ZAJA	1ST VP	2.00	Officer Director	$0	$0	$0
DANIELLE COOPER	TREASURER	4.00	Officer Director	$0	$0	$0
KERI EDSALL	SECRETARY	2.00	Officer Director	$0	$0	$0
JOE WEGLARZ	PAST TREASURER	2.00	Officer Director	$0	$0	$0
SEAN SHERWOOD	2ND VP	1.00	Officer Director	$0	$0	$0
RICK COLE	EXECUTIVE COUNCIL	1.00	Director	$0	$0	$0
HALI CONRAD	EXECUTIVE COUNCIL	1.00	Director	$0	$0	$0
KAROLINA HOLL	EXECUTIVE COUNCIL	1.00	Director	$0	$0	$0
DANIELLE CONWAY	EXECUTIVE COUNCIL	1.00	Director	$0	$0	$0
JANICE HILBRINK	EXECUTIVE COUNCIL	1.00	Director	$0	$0	$0
MELISSA VARGAS	EXECUTIVE COUNCIL	1.00	Director	$0	$0	$0
ERICA FOLLICK	EXECUTIVE COUNCIL	1.00	Director	$0	$0	$0
NICOLE ADNER	EXECUTIVE COUNCIL	1.00	Director	$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
2025	$210,163	$275,964	$1,155,766	$-65,801
2024	No data	No data	No data	No data
2023	$230,920	$168,561	$1,142,023	$62,359
2022	$160,808	$88,033	$1,058,334	$72,775
2021	$159,571	$57,043	$1,101,073	$102,528
2021	$159,528	$61,250	$1,097,365	$98,278
2020	$182,828	$146,347	$864,316	$36,481
2020	$212,720	$144,012	$896,286	$68,708
2019	$256,202	$237,505	$875,451	$18,697
2019	$244,728	$221,577	$882,792	$23,151
2018	$254,294	$249,745	$829,151	$4,549

NEW YORK STATE FINANCIAL AID ADMINISTRATORS ASSOCIATION INC