NEW YORK CARES INC (EIN 133444193) - 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

1987

Legal Domicile

Principal Officer

SAPREET K SALUJA

Phone

2122285000

Tax Period

2023-10-01 to 2024-09-30

NEW YORK CARES INC, founded in 1987, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $10.6M in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year. Expenses of $10.0M left a modest 6% surplus.

Mission

TO MEET THE PRESSING COMMUNITY NEEDS BY MOBILIZING CARING NEW YORKERS IN VOLUNTEER SERVICE.

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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 $10,234,507

Program Service Revenue $0

Investment Income $409,635

Other Revenue $0

TOTAL REVENUE $10,644,142

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,721,415

Fundraising Expenses $1,190,332

Program Expenses $8,284,284

Other Expenses $4,306,621

TOTAL EXPENSES $10,028,036

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,644,142	$11,944,076	-0.1%
Expenses	$10,028,036	$10,070,310	0.0%
Net Income	$616,106	$1,873,766	-0.7%

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

33941

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

$625,588

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAUL J TAUBMAN	PRESIDENT	1.00	Officer Director	$0	$0	$0
JEANNE STRAUS	TREASURER	1.00	Officer Director	$0	$0	$0
KEITH A GROSSMAN	SECRETARY	1.00	Officer Director	$0	$0	$0
JOHN B EHRENKRANZ	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
MICHAEL GRAHAM	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
NEIL K DHAR	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
ADAM ZOTKOW	BOARD MEMBER	1.00	Director	$0	$0	$0
AUDREY CHOI	BOARD MEMBER	1.00	Director	$0	$0	$0
DENNISTON M RIED JR	BOARD MEMBER	1.00	Director	$0	$0	$0
EDWARD PETROSKY	BOARD MEMBER	1.00	Director	$0	$0	$0
GAIL B HARRIS	BOARD MEMBER	1.00	Director	$0	$0	$0
GUS GARCIA	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMES L AMINE	BOARD MEMBER	1.00	Director	$0	$0	$0
JANET ZAGORIN	BOARD MEMBER	1.00	Director	$0	$0	$0
JOYCE FROST	BOARD MEMBER	1.00	Director	$0	$0	$0
JULIE TURAJ	BOARD MEMBER	1.00	Director	$0	$0	$0
K DON CORNWELL	BOARD MEMBER	1.00	Director	$0	$0	$0
KARL KELLNER	BOARD MEMBER	1.00	Director	$0	$0	$0
KELLEY MORRELL	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHELE D CUBIC	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBERT WALSH	BOARD MEMBER	1.00	Director	$0	$0	$0
SAPREET K SALUJA	EXECUTIVE DIRECTOR	40.00	Officer	$342,683	$27,931	$370,614
EDWARD LADA	CHIEF FINANCE & OPS OFFICER	40.00	Officer	$210,021	$44,953	$254,974
NYISHA HOLLIDAY	CHIEF TALENT OFFICER	40.00	Highest	$191,983	$4,080	$196,063
JENNIFER G GOLDSCHEIN	CHIEF DEVELOPMENT OFFICER	40.00	Highest	$220,000	$60	$220,060
PAUL J FRIDMAN	ASSOCIATE VP, PROGRAM OPERATIONS	40.00	Highest	$130,265	$14,860	$145,125
MICHAEL J GAMBER	DIRECTOR, TECHNOLOGY	40.00	Highest	$123,487	$17,360	$140,847
ERICA LOCKWOOD	SR. DIRECTOR, COMMUNICATIONS AND MARKETING	40.00	Highest	$110,795	$2,560	$113,355
ARLENE LOZANO THRU 0923	FORMER CHIEF PROGRAM OFFICER	0.00		$196,973	$10,577	$207,550

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	$10,644,142	$10,028,036	$16,164,570	$616,106
2023	$11,944,076	$10,070,310	$12,422,660	$1,873,766
2022	$9,109,281	$10,374,736	$10,727,239	$-1,265,455
2021	$10,937,710	$8,851,040	$12,673,380	$2,086,670
2020	$11,820,493	$10,935,521	$11,824,050	$884,972
2019	$10,921,613	$10,915,827	$9,896,932	$5,786
2018	$13,223,370	$10,431,513	$9,742,091	$2,791,857

NEW YORK CARES INC