AMIC HOLDING CO INC (EIN 133071196) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1980

Legal Domicile

Principal Officer

MARLENE CHEATHAM

Phone

9149419513

Tax Period

2024-01-01 to 2024-12-31

AMIC HOLDING CO INC is a 501(c)(3) with EIN 133071196, based in BRIARCLIFF MANOR, NY. Founded in 1980, the organization files IRS Form 990 and reported its most recent data for fiscal year 2024. In that period, it reported $163,798 in total revenue and $268,753 in total expenses, with net assets of $451,290.

Mission

TO OWN THE PROPERTY USED EXCLUSIVELY FOR THE USE OF ASSOCIATION FOR MENTALLY ILL CHILDREN OF WESTCHESTER, INC. (THE CLEAR VIEW SCHOOL).

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $163,798

TOTAL REVENUE $163,798

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $193,302

Other Expenses $268,753

TOTAL EXPENSES $268,753

Year-over-Year Comparison

	2024	2023	Change
Revenue	$163,798	$177,421	-0.1%
Expenses	$268,753	$264,477	+0.0%
Net Income	$-104,955	$-87,056	+0.2%

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

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

$11,596

Total Directors

$11,596

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID W MCGORRY	CHAIRPERSON	0.20	Director	$0	$0	$0
JOHN MURPHY	VICE PRESIDENT	0.20	Director	$0	$0	$0
FERN QUEZADA	SECRETARY	0.20	Director	$0	$0	$0
MARLENE CHEATHAM	EXECUTIVE DIRECTOR	4.00	Officer Director	$11,596	$0	$11,596
MICHAEL PISCITELLI	TREASURER	0.20	Director	$0	$0	$0
ELIZABETH KASULKA	DIRECTOR	0.20	Director	$0	$0	$0
LAWRENCE KENNEDY	DIRECTOR	0.20	Director	$0	$0	$0
CHARLES DEVLIN	DIRECTOR	0.20	Director	$0	$0	$0
MARY MANSI	DIRECTOR	0.20	Director	$0	$0	$0
DANIEL WEINFELD	DIRECTOR	0.20	Director	$0	$0	$0
MATTHEW BROWN	DIRECTOR	0.20	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	$163,798	$268,753	$1,376,413	$-104,955
2023	$177,421	$258,928	$1,500,258	$-81,507
2022	$190,797	$166,122	$24,675	$24,675
2021	$188,108	$163,433	$60,000	$24,675
2020	$186,507	$325,159	$95,325	$-138,652
2019	$122,425	$257,429	$298,977	$-135,004
2018	$127,681	$268,000	$488,981	$-140,319

AMIC HOLDING CO INC