NEW YORK STATE INDUSTRIES FOR THE … - 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

1975

Legal Domicile

Principal Officer

MAUREEN O'BRIEN

Phone

5184639706

Tax Period

2023-10-01 to 2024-09-30

NEW YORK STATE INDUSTRIES FOR THE DISABLED INC, founded in 1975, is a major nonprofit that reported $288.9M in total revenue in fiscal year 2023.

Mission

NYSID IS A MEMBERSHIP ORAGANIZATION THAT CONTRACTS FOR PRODUCTS AND SERVICES PRODUCED BY QUALIFIED NOT-FOR-PROFIT CHARITABLE AGENCIES EMPLOYING THE DISABLED. AS A PREFERRED SOURCE FOR COMMODITIES AND SERVICES, NYSID SIMPLIFIES THE PURCHASING PROCESS FOR STATE AGENCIES AND POLITICAL SUBDIVISIONS WHICH ENCOURAGES EMPLOYMENT OPPORTUNITIES FOR APPROXIMATELY 5,000 PEOPLE WITH DISABILITIES.

Program Service Accomplishments

Program 1

Expenses: $283,360,145 Revenue: $287,885,618

NYSID'S PURPOSE AND, THEREFORE, PROGRAM OPPORTUNITY IS TO PROVIDE EMPLOYMENT AND OTHER OPPORTUNITIES FOR NEW YORKERS WITH DISABILITIES. DURING THIS REPORTING PERIOD, THE NUMBER OF INDIVIDUALS WITH...

NYSID'S PURPOSE AND, THEREFORE, PROGRAM OPPORTUNITY IS TO PROVIDE EMPLOYMENT AND OTHER OPPORTUNITIES FOR NEW YORKERS WITH DISABILITIES. DURING THIS REPORTING PERIOD, THE NUMBER OF INDIVIDUALS WITH DISABILITIES WORKING ON NYSID PREFERRED SOURCE CONTRACTS TOTALED 4,758 (EARNINGS AND WAGES IN EXCESS OF $82.7 MILLION). PREFERRED SOURCE EMPLOYMENT PROVIDES SOCIAL AND ECONOMIC ADVANTAGES TO PEOPLE AND FISCAL SUPPORT TO NEW YORK STATE. BY EMPLOYING PEOPLE RATHER THAN SUBSIDIZING THEM, NYSID JOBS MAKE CONNECTIONS TO BETTER LIVES FOR THE THOUSANDS OF INDIVIDUALS WORKING AT MEMBER AGENCY PRODUCTION FACILITIES, SOCIAL ENTERPRISES, PRIVATE CORPORATE PARTNERS, AND COMMUNITY PLACEMENTS.

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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 $0

Program Service Revenue $287,885,618

Investment Income $1,036,913

Other Revenue $0

TOTAL REVENUE $288,922,531

Expense Breakdown

Grants Paid $260,189

Salaries & Benefits $6,861,917

Fundraising Expenses $0

Program Expenses $283,360,145

Other Expenses $279,412,415

TOTAL EXPENSES $286,534,521

Year-over-Year Comparison

	2023	2022	Change
Revenue	$288,922,531	$292,330,752	0.0%
Expenses	$286,534,521	$290,244,750	0.0%
Net Income	$2,388,010	$2,086,002	+0.1%

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

$383,011

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID CALHOUN	DIRECTOR	1.00	Director	$0	$0	$0
DOUGLAS DIGESARE	DIRECTOR	1.00	Director	$0	$0	$0
TIMOTHY GIARRUSSO	DIRECTOR	1.00	Director	$0	$0	$0
ANNE MCCAFFREY	DIRECTOR	1.00	Director	$0	$0	$0
ALICIA MCGRATH	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL MILLER	DIRECTOR	1.00	Director	$0	$0	$0
LYNN PIETROSKI	DIRECTOR	1.00	Director	$0	$0	$0
DR CHRIS ROSA	DIRECTOR	1.00	Director	$0	$0	$0
STEVE TOWLER	DIRECTOR	1.00	Director	$0	$0	$0
SHALONI WINSTON	DIRECTOR	1.00	Officer Director	$0	$0	$0
PAUL ZUBER	DIRECTOR	1.00	Officer Director	$0	$0	$0
PATRICK BARDSLEY	CHAIR	2.50	Officer Director	$0	$0	$0
STEPHANIE TURCO	VICE CHAIR	2.50	Officer Director	$0	$0	$0
G ALLEN CONNELY	SECOND VICE CHAIR	2.50	Officer Director	$0	$0	$0
GREGORY SORRENTINO	SECRETARY	2.50	Officer Director	$0	$0	$0
RANDI RIOS-CASTRO	TREASURER	2.50	Officer Director	$0	$0	$0
STANFORT PERRY	PAST CHAIR	2.50	Officer Director	$0	$0	$0
MAUREEN O'BRIEN	PRESIDENT & CEO	37.50	Officer	$300,565	$82,446	$383,011
MEREDITH HARTMAN	EXECUTIVE VP, SALES	37.50	Highest	$145,473	$28,924	$174,397
EILEEN MCCARTHY	CHIEF OF STAFF & GENERAL	37.50	Highest	$207,615	$46,527	$254,142
DAVID AZIZ	CHIEF FINANCIAL OFFICER	37.50	Highest	$217,368	$27,983	$245,351
SARAH J DEVOE	CHIEF COMPLIANCE OFFICER	37.50	Highest	$143,896	$42,657	$186,553
JOSEPH MESSINA	VP SALES	37.50	Highest	$192,878	$42,833	$235,711

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	$288,922,531	$286,534,521	$103,908,624	$2,388,010
2023	$292,330,752	$290,244,750	$95,931,408	$2,086,002
2022	$266,923,415	$265,791,281	$90,596,227	$1,132,134
2021	$260,805,592	$258,432,546	$79,369,817	$2,373,046
2020	$251,158,050	$250,997,356	$83,490,281	$160,694
2019	$249,346,793	$246,652,459	$77,506,236	$2,694,334
2018	$249,335,297	$248,637,655	$71,026,474	$697,642

NEW YORK STATE INDUSTRIES FOR THE DISABLED INC