CNYC INC (COUNCIL OF NEW YORK COOPERATIVES & CONDOMINIUMS) (EIN 133056357) - 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

1976

Legal Domicile

Principal Officer

MARY ANN ROTHMAN

Phone

2124967400

Tax Period

2023-01-01 to 2023-12-31

CNYC INC (COUNCIL OF NEW YORK COOPERATIVES & CONDOMINIUMS), founded in 1976, is a small nonprofit that reported $486K in total revenue in fiscal year 2023. Expenses of $571K exceeded revenue, resulting in a 17% operating deficit.

Mission

SUPPORT HOUSING COOPERATIVES AND CONDOMINIUMS

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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 $447,643

Program Service Revenue $35,134

Investment Income $3,048

Other Revenue $531

TOTAL REVENUE $486,356

Expense Breakdown

Grants Paid $0

Salaries & Benefits $241,733

Fundraising Expenses $0

Other Expenses $328,884

TOTAL EXPENSES $570,617

Year-over-Year Comparison

	2023	2022	Change
Revenue	$486,356	$484,441	+0.0%
Expenses	$570,617	$495,503	+0.2%
Net Income	$-84,261	$-11,062	+6.6%

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

$109,200

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STUART M SAFT	CHAIRMAN	0.00	Officer Director	$0	$0	$0
ARTHUR I WEINSTEIN	VICE PRESIDENT	0.00	Officer Director	$0	$0	$0
MICHAEL WOLFE	TREASURER	0.00	Officer Director	$0	$0	$0
PETER VARSALONA	PRESIDENT	0.00	Officer Director	$0	$0	$0
MARY FISCHER	DIRECTOR	0.00	Director	$0	$0	$0
MARLEEN LEVI	DIRECTOR	0.00	Director	$0	$0	$0
ROBERT POLLACK	DIRECTOR	0.00	Director	$0	$0	$0
ELYSE WALDINGER	DIRECTOR	0.00	Director	$0	$0	$0
DEREK JONES	DIRECTOR	0.00	Director	$0	$0	$0
ED YAKER	DIRECTOR	0.00	Director	$0	$0	$0
KEVIN CRUICKSHANK	DIRECTOR	0.00	Director	$0	$0	$0
MARC LUXEMBURG	PRESIDENT EMERITUS	0.00	Officer	$0	$0	$0
MARY ANN ROTHMAN	SEC'Y/EXEC DIR	60.00	Officer	$109,200	$0	$109,200
MARK B SHERNICOFF	ASSISTANT TREASURER	0.00	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	$486,356	$570,617	$110,790	$-84,261
2022	$484,441	$495,503	$198,725	$-11,062
2021	$488,836	$483,264	$213,962	$5,572
2020	$454,500	$491,443	$211,030	$-36,943
2019	$503,895	$499,178	$98,571	$4,717
2018	$484,168	$541,147	$93,854	$-56,979

CNYC INC (COUNCIL OF NEW YORK COOPERATIVES & CONDOMINIUMS)