Bike New York Inc

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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

2000

Legal Domicile

Principal Officer

Kenneth J Podziba

Phone

2128702080

Tax Period

2023-01-01 to 2023-12-31

Bike New York Inc, founded in 2000, is a community nonprofit in the Recreation & Sports sector that reported $6.4M in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year.

Mission

To promote and encourage bicycling and bicycle safety through education, public events, and collaboration with community and government organizations.

Program Service Accomplishments

Program 1

Expenses: $2,017,950 Revenue: $4,983,048

Bike New York, Inc. organizes the annual TD Bank five boro bike tour, Americas largest cycling event, with 32,000 participants. Bike New York, Inc. also offers two regional rides outside New York...

Bike New York, Inc. organizes the annual TD Bank five boro bike tour, Americas largest cycling event, with 32,000 participants. Bike New York, Inc. also offers two regional rides outside New York City attracting thousands of participants.

Program 2

Expenses: $1,781,448 Revenue: $0

Bike New York, Incs bicycling education program supplies free classes and training for adults and children on bicycle skills and safety. Bike New York also provides workshops for non-profits, schools...

Program 3

Expenses: $89,721 Revenue: $0

Bike New York partnered with Bloomberg Charities, and Citi Foundation to purchase and assemble more than 2,000 bikes in 2021. Bike New York planned the bike build and distribution logistics. Bikes...

Bike New York partnered with Bloomberg Charities, and Citi Foundation to purchase and assemble more than 2,000 bikes in 2021. Bike New York planned the bike build and distribution logistics. Bikes were distributed to youth in New York City who had participated in Bike New York summer and after school programs and youth in YMCA programs.

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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 $206,990

Program Service Revenue $6,150,026

Investment Income $0

Other Revenue $0

TOTAL REVENUE $6,357,016

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,288,082

Fundraising Expenses $147,964

Program Expenses $3,889,119

Other Expenses $2,889,204

TOTAL EXPENSES $6,177,286

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,357,016	$6,859,968	-0.1%
Expenses	$6,177,286	$6,553,176	-0.1%
Net Income	$179,730	$306,792	-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

199

Volunteers

3500

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

$574,725

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kenneth J Podziba	Prseident/CEO	4.00	Director	$0	$0	$0
Henry Chin	Treasurer	2.00	Director	$0	$0	$0
Stuart Krohnengold	Secretary	2.00	Director	$0	$0	$0
William D Pettit	Board Member	2.00	Director	$0	$0	$0
William Mastro	Board Member	2.00	Director	$0	$0	$0
Jennifer Powell	Board Member	2.00	Director	$0	$0	$0
Howard Robbins	Board Member	2.00	Director	$0	$0	$0
Matthew Rogers	Board Member	2.00	Director	$0	$0	$0
Kenneth J Podziba	President/CEO	55.00	Officer	$292,436	$4,180	$296,616
Andrew S Gould	COO	55.00	Officer	$268,549	$9,560	$278,109
Thurstan Bannister	Board Member	2.00	Director	$0	$0	$0
Steven Vaccaro	Board Member	2.00	Director	$0	$0	$0
Leonard Diamond	Board Chariman	2.00	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
2023	$6,357,016	$6,177,286	$4,556,324	$179,730
2022	No data	No data	No data	No data
2021	$4,298,085	$4,829,497	$3,514,778	$-531,412
2020	$2,379,962	$3,304,578	$4,166,926	$-924,616
2019	$6,461,543	$6,399,423	$2,662,274	$62,120
2018	$6,709,215	$6,726,923	$5,192,511	$-17,708