THE NEW YORK COMMUNITY TRUST (EIN 133062214) - 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

1924

Legal Domicile

Principal Officer

AMY FREITAG

Phone

2126860010

Tax Period

2023-01-01 to 2023-12-31

THE NEW YORK COMMUNITY TRUST, founded in 1924, is a major nonprofit in the Philanthropy & Grantmaking sector that reported $282.5M in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year. The organization ran a surplus of $44.1M, a strong 16% operating margin.

Mission

WE FOSTER AND ENGAGE IN ENDURING AND INNOVATIVE PHILANTHROPY WITH A VISION (SEE SCHEDULE O).

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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 $123,142,363

Program Service Revenue $0

Investment Income $159,280,253

Other Revenue $50,671

TOTAL REVENUE $282,473,287

Expense Breakdown

Grants Paid $193,074,024

Salaries & Benefits $13,894,973

Fundraising Expenses $3,886,472

Program Expenses $202,914,438

Other Expenses $31,429,527

TOTAL EXPENSES $238,398,524

Year-over-Year Comparison

	2023	2022	Change
Revenue	$282,473,287	$314,675,691	-0.1%
Expenses	$238,398,524	$238,086,890	+0.0%
Net Income	$44,074,763	$76,588,801	-0.4%

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

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

$5,091,748

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VALERIE S PELTIER	CHAIR	3.00	Officer Director	$0	$0	$0
JAMIE DRAKE	DIRECTOR	2.00	Director	$0	$0	$0
STEPHEN C ROBINSON	DIRECTOR	2.00	Director	$0	$0	$0
JUDITH O RUBIN	DIRECTOR	2.00	Director	$0	$0	$0
BARRON M TENNY	DIRECTOR	2.00	Director	$0	$0	$0
ANN UNTERBERG	DIRECTOR	2.00	Director	$0	$0	$0
OBAID KHAN	DIRECTOR	2.00	Director	$0	$0	$0
MALI SANANIKONE GAW	DIRECTOR	2.00	Director	$0	$0	$0
FERNANDO A BOHORQUEZ	DIRECTOR	2.00	Director	$0	$0	$0
JANE E SALMON MD	DIRECTOR	2.00	Director	$0	$0	$0
KEVIN BYRNE	DIRECTOR	2.00	Director	$0	$0	$0
BRUCE M HOLLEY	DIRECTOR (AS OF 04/2023)	2.00	Director	$0	$0	$0
AMY FREITAG	PRESIDENT	45.00	Officer	$842,183	$125,753	$967,936
KERRY E MCCARTHY	VP & ASSISTANT SECRETARY	45.00	Officer	$340,382	$141,669	$482,051
SHAWN V MOREHEAD	VP & ASSISTANT SECRETARY	45.00	Officer	$401,745	$118,897	$520,642
CARRIE TROWBRIDGE	GENERAL COUNSEL & SECRETARY	45.00	Officer	$435,858	$55,214	$491,072
TATIANA POHOTSKY	CIO & ASSISTANT TREASURER	45.00	Officer	$297,539	$65,634	$363,173
MARIE D'COSTA	VP & ASSISTANT SECRETARY	45.00	Officer	$259,065	$96,717	$355,782
AYANNA RUSSELL	VP & ASSISTANT SECRETARY	45.00	Officer	$246,177	$99,999	$346,176
JOHN J ODDY	VP & ASSISTANT SECRETARY	45.00	Officer	$254,018	$57,615	$311,633
IFRAN HASAN	DEPUTY VP & ASSISTANT SECRETARY	45.00	Officer	$241,280	$108,416	$349,696
WEN WENG CPA	CONTROLLER & ASSISTANT TREASURER	45.00	Officer	$217,476	$99,178	$316,654
LEISLE LIN	CFO & TREASURER (THRU 07/2023)	45.00	Officer	$249,553	$22,361	$271,914
DOMINICK IMPEMBA	COO, CFO & TREASURER (AS OF 07/2023)	45.00	Officer	$259,337	$55,682	$315,019
DAVID OKORN	LCF EXECUTIVE DIRECTOR	45.00	Highest	$229,091	$93,069	$322,160
MARTIN LIPP THRU 082023	DIRECTOR OF COMMUNICATIONS	45.00	Highest	$233,808	$30,311	$264,119
LAURA ROSSI	WCF EXECUTIVE DIRECTOR	45.00	Highest	$198,658	$93,440	$292,098
EILEEN CASEY	DIRECTOR OF INVESTMENT REPORTING	45.00	Highest	$161,592	$65,201	$226,793
RODERICK JENKINS	PROGRAM DIRECTOR	45.00	Highest	$169,850	$96,053	$265,903

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	$282,473,287	$238,398,524	$3,249,988,975	$44,074,763
2022	$314,675,691	$238,086,890	$2,933,076,201	$76,588,801
2021	$442,855,899	$287,406,952	$3,500,445,837	$155,448,947
2020	$358,337,719	$303,308,793	$3,147,967,984	$55,028,926
2019	$257,618,823	$210,388,794	$2,910,364,182	$47,230,029
2018	$244,246,068	$193,886,996	$2,567,643,255	$50,359,072

THE NEW YORK COMMUNITY TRUST