NEW YORK, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)THE CULTURAL INSTITUTIONS GROUP LIFE AND WELFARE BENEFITS PLAN, founded in 1962, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2024.
THE CULTURAL INSTITUTIONS GROUP LIFE AND WELFARE BENEFITS PLAN ("CIRS") PROVIDES LIFE INSURANCE COVERAGE THAT HELPS PROTECT A MEMBER'S FAMILY FROM THE FINANCIAL CONSEQUENCES OF THE LOSS OF INCOME IN THE EVENT OF THE MEMBER'S DEATH. THE PREMIUM AND COSTS OF ADMINISTRATION OF THE CULTURAL INSTITUTIONS GROUP LIFE AND WELFARE BENEFITS PLAN ARE PAID BY THE PARTICIPATING EMPLOYERS. THE PREMIUMS PROVIDE A DEATH BENEFIT PAYABLE THROUGH THE INSURANCE CARRIER TO DESIGNATED BENEFICIARIES UPON THE DEATH OF A MEMBER. PURCHASE OF LIFE INSURANCE FOR ELIGIBLE EMPLOYEES OF VARIOUS PARTICIPATING EMPLOYERS AS SET FORTH IN THE CULTURAL INSTITUTIONS GROUP LIFE AND WELFARE BENEFITS PLAN DOCUMENT.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $1,581,459 | $1,520,330 | +0.0% |
| Expenses | $1,613,141 | $1,476,921 | +0.1% |
| Net Income | $-31,682 | $43,409 | -1.7% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| ROSE LOVAGLIO-MILLER | CO-CHAIR | 0.10 |
Officer
Director
|
$0 | $34,344 | $325,847 |
| MELANIE HARTZOG | CO-CHAIR | 0.10 |
Officer
Director
|
$0 | $0 | $0 |
| JEAN JEREMIE | BOARD OF TRUSTEES THRU 01/2025 | 0.10 |
Director
|
$0 | $0 | $0 |
| NAEEM CRAWFORD-MUHAMMAD | BOARD OF TRUSTEES | 0.10 |
Director
|
$0 | $0 | $0 |
| BISHA NURSE | BOARD OF TRUSTEES | 0.10 |
Director
|
$0 | $0 | $0 |
| NILESH PATEL | BOARD OF TRUSTEES | 0.10 |
Director
|
$0 | $0 | $0 |
| RAYMOND SANTANDER | BOARD OF TRUSTEES | 0.10 |
Director
|
$0 | $32,354 | $175,887 |
| DAVID B SCOTT SCHIFF | BOARD OF TRUSTEES | 0.10 |
Director
|
$0 | $0 | $0 |
| DANIEL STODDARD | BOARD OF TRUSTEES | 0.10 |
Director
|
$0 | $0 | $463,619 |
| RICHARD SCHEER | EXECUTIVE DIRECTOR | 1.70 |
Officer
|
$0 | $0 | $0 |
| MELISSA KOLLE | ASSOCIATE DIRECTOR | 1.70 |
Officer
|
$0 | $0 | $0 |
| CHADWICK ROBERSON | CONTROLLER | 1.70 |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $1,581,459 | $1,613,141 | $1,959,955 | $-31,682 |
| 2024 | No data | No data | No data | No data |
| 2023 | $1,359,266 | $1,277,558 | $2,063,634 | $81,708 |
| 2022 | $1,192,903 | $1,134,172 | $1,870,001 | $58,731 |
| 2021 | $1,195,913 | $1,145,334 | $1,954,474 | $50,579 |
| 2020 | $1,360,060 | $1,310,201 | $1,778,193 | $49,859 |
| 2019 | $1,345,236 | $1,335,367 | $1,672,544 | $9,869 |
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