IOMMP SUPPLEMENTAL BENEFITS FUND FOR NEW YORK CITY EMPLOYEES (EIN 132865775) - 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

1975

Legal Domicile

Principal Officer

MIKE RIORDAN

Phone

4106918134

Tax Period

2024-01-01 to 2024-12-31

IOMMP SUPPLEMENTAL BENEFITS FUND FOR NEW YORK CITY EMPLOYEES, founded in 1975, is a small nonprofit that reported $782K in total revenue in fiscal year 2024. Revenue fell 31% from the prior year — a significant decline worth monitoring. Expenses of $981K exceeded revenue, resulting in a 25% operating deficit.

Mission

PROVIDE BENEFITS TO PLAN PARTICIPANTS AND THEIR COVERED DEPENDENTS.

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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 $720,215

Investment Income $61,792

Other Revenue $0

TOTAL REVENUE $782,007

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $173,130

TOTAL EXPENSES $981,272

Year-over-Year Comparison

	2024	2023	Change
Revenue	$782,007	$1,127,082	-0.3%
Expenses	$981,272	$859,745	+0.1%
Net Income	$-199,265	$267,337	-1.7%

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

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

$260,970

Total Directors

$599,283

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE RIORDAN	CHAIRMAN	1.00	Officer Director	$0	$45,769	$260,970
DONALD JOSBERGER	TRUSTEE	1.00	Director	$0	$71,106	$338,313
ANTHONY TURZIO	TRUSTEE	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
2024	$782,007	$981,272	$2,395,239	$-199,265
2023	$1,127,082	$859,745	$2,364,357	$267,337
2022	$914,697	$951,554	$2,257,403	$-36,857
2021	$958,056	$948,122	$2,736,144	$9,934
2020	$900,214	$948,121	$2,492,495	$-47,907
2019	$998,749	$871,100	$2,379,452	$127,649
2018	$931,619	$849,631	$2,014,490	$81,988

IOMMP SUPPLEMENTAL BENEFITS FUND FOR NEW YORK CITY EMPLOYEES