NEW YORK STATE PSYCHIATRIC ASSOCIATION INC

EIN: 132999702

GARDEN CITY, NY

Total Revenue
$450,010
Total Expenses
$470,156
Total Assets
$187,801
Net Assets
$-30,290
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1966
Legal Domicile
NY
Principal Officer
EDWARD HERMAN MD
Phone
5165420077
Tax Period
2023-01-01 to 2023-12-31

NEW YORK STATE PSYCHIATRIC ASSOCIATION INC, founded in 1966, is a small nonprofit that reported $450K in total revenue in fiscal year 2023.

Mission

TO ENCOURAGE STUDY AND RESEARCH IN THE DEVELOPMENT OF NEW OR IMPROVED TECHNIQUES IN THE FIELD OF PSYCHIATRY AND MENTAL HEALTH AND TO PROVIDE A FORUM FOR LOCAL PRACTITIONERS TO SHARE IDEAS.

Program Service Accomplishments

Program 1
Expenses: $204,204

THE ORGANIZATION RETAINS THE SERVICES OF A LEGISLATIVE CONSULTANT TO REPRESENT THE INTEREST OF THE MENTALLY ILL AND MENTAL HEALTH SERVICES BEFORE NEW YORK STATE LEGISLATURE. IT ALSO PROVIDES...

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THE ORGANIZATION RETAINS THE SERVICES OF A LEGISLATIVE CONSULTANT TO REPRESENT THE INTEREST OF THE MENTALLY ILL AND MENTAL HEALTH SERVICES BEFORE NEW YORK STATE LEGISLATURE. IT ALSO PROVIDES EDUCATION AND CONSULTATION TO LEGISLATORS ON MENTAL HEALTH ISSUES.

Program 2

THE ORGANIZATION RETAINS LEGAL COUNSEL TO ASSIST IN ONGOING LEGAL ACTION TO LESSEN ADMINISTRATIVE BURDEN FOR PSYCHIATRISTS PARTICIPATING IN VARIOUS THIRD PARTY PAYMENT PROGRAMS.

Program 3

THE ORGANIZATION MAINTAINS A WEBSITE FOR ITS MEMBERS.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $434,961
Program Service Revenue $0
Investment Income $18
Other Revenue $15,031
TOTAL REVENUE $450,010

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $204,204
Other Expenses $470,156
TOTAL EXPENSES $470,156

Year-over-Year Comparison

2023 2022 Change
Revenue $450,010 $453,118 0.0%
Expenses $470,156 $474,191 0.0%
Net Income $-20,146 $-21,073 0.0%
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

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
50
Independent Members
50
Employees
N/A
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
4
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RACHEL FERNBACH ESQ EXECUTIVE DIRECTOR 0.0
Director
$0 $0 $0
KENNETH ASHLEY MD AREA 2 TRUSTEE 0.0
Director
$0 $0 $0
ANNACOSTAKISMD TREASURER 0.0
Officer
$0 $0 $0
EDWARDHERMANMD PRESIDENT 0.0
Officer
$0 $0 $0
JOSEVITOMD SECRETARY 0.0
Officer
$0 $0 $0
MARVINKOSSMD VICE PRESIDENT 0.0
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 No data No data No data No data
2023 $450,010 $470,156 $187,801 $-20,146
2022 $453,118 $474,191 $246,030 $-21,073
2021 $494,311 $512,816 $406,049 $-18,505
2020 $495,322 $539,388 $481,082 $-44,066
2019 $546,671 $610,150 $403,902 $-63,479
2018 $446,485 $522,646 $434,070 $-76,161
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