GREATER New York HEALTH CARE FACILITIES ASSOCIATION INC DIP (EIN 133377105) - 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

1962

Legal Domicile

Principal Officer

Michael Balboni

Phone

2126432828

Tax Period

2023-10-01 to 2024-09-30

GREATER New York HEALTH CARE FACILITIES ASSOCIATION INC DIP, founded in 1962, is a community nonprofit that reported $2.1M in total revenue in fiscal year 2023.

Mission

GNYHCFA is a not for profit trade association serving the needs of the long term care community in the Greater New York metropolitan Area and beyond.

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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 $0

Program Service Revenue $2,144,367

Investment Income $3,559

Other Revenue $0

TOTAL REVENUE $2,147,926

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,561,587

Fundraising Expenses $0

Program Expenses $2,201,971

Other Expenses $640,384

TOTAL EXPENSES $2,201,971

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,147,926	$2,125,953	+0.0%
Expenses	$2,201,971	$2,209,382	0.0%
Net Income	$-54,045	$-83,429	-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

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

$334,584

Total Directors

$334,584

Key Employees

$1,014,984

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Michael Balboni	Executive Director	40	Officer Director Key Emp Highest	$334,584	$0	$334,584
Mary Gracey-White	Regulatory Director	40	Key Emp Highest	$236,000	$0	$236,000
Robin Rosen	Sr. Labor Attorney	40	Key Emp Highest	$230,000	$0	$230,000
George Horowitz	CFO	40	Key Emp Highest	$214,400	$0	$214,400

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	$2,147,926	$2,201,971	$1,205,718	$-54,045
2023	$2,125,953	$2,209,382	$1,265,325	$-83,429
2022	$2,068,778	$2,141,420	$1,330,856	$-72,642
2021	$2,044,974	$2,088,294	$1,396,843	$-43,320
2020	$2,097,422	$2,045,420	$1,563,932	$52,002

GREATER New York HEALTH CARE FACILITIES ASSOCIATION INC DIP