NEW YORK ALLIANCE AGAINST INSURANC… - Form 990 Financial Data

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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

JAMES POTTS JR

Phone

5184638644

Tax Period

2024-01-01 to 2024-12-31

NEW YORK ALLIANCE AGAINST INSURANCE FRAUD INC, founded in 2000, is a community nonprofit in the Community Improvement sector that reported $1.5M in total revenue in fiscal year 2024. Expenses of $1.4M left a modest 6% surplus.

Mission

TO FOCUS ON THE COST AND FREQUENCY OF INSURANCE FRAUD AND METHODS BY WHICH IT CAN BE PREVENTED BY THE PUBLIC.

Program Service Accomplishments

Program 1

Expenses: $1,308,607 Revenue: $1,499,451

PUBLIC AWARENESS PROGRAM THAT FOCUSES ON THE COST AND FREQUENCY OF INSURANCE FRAUD AND METHODS BY WHICH THE PUBLIC MAY PREVENT IT.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,499,451

Investment Income $35,198

Other Revenue $0

TOTAL REVENUE $1,534,649

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,308,607

Other Expenses $1,439,182

TOTAL EXPENSES $1,439,182

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,534,649	$1,444,663	+0.1%
Expenses	$1,439,182	$1,389,451	+0.0%
Net Income	$95,467	$55,212	+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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANIELLE PERDOMO	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBERT VETRANO	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHELLE RAFELD	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN HUBERT	BOARD MEMBER	1.00	Director	$0	$0	$0
CYNTHIA WINTON	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMES A EGNER	BOARD MEMBER	1.00	Director	$0	$0	$0
ED KURATHOWSKI	BOARD MEMBER	1.00	Director	$0	$0	$0
KEVIN GALLAGHER	BOARD MEMBER	1.00	Director	$0	$0	$0
ELLEN MELCHIONNI	BOARD MEMBER	1.00	Director	$0	$0	$0
STEVE D'ARGENIO	BOARD MEMBER	1.00	Director	$0	$0	$0
JIM BERRIGAN	BOARD MEMBER	1.00	Director	$0	$0	$0
CHARLIE ZIEGENBEIN	BOARD MEMBER	1.00	Director	$0	$0	$0
BRUCE OLIVER	BOARD MEMBER	1.00	Director	$0	$0	$0
KEVIN O'CONNOR	CHAIR	1.00	Officer	$0	$0	$0
NICHOLE SORIANO	VICE CHAIR	1.00	Officer	$0	$0	$0
TODD SAUNDERS	TREASURER	1.00	Officer	$0	$0	$0
KEITH KIRCHNER	SECRETARY	1.00	Officer	$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
2025	No data	No data	No data	No data
2024	$1,534,649	$1,439,182	$1,840,237	$95,467
2023	$1,444,663	$1,389,451	$1,777,638	$55,212
2022	$1,314,827	$1,317,925	$1,476,106	$-3,098
2021	$1,320,622	$1,314,606	$1,548,828	$6,016
2020	$1,306,437	$1,210,771	$1,420,206	$95,666
2019	$1,338,950	$1,330,015	$1,011,349	$8,935
2018	$1,258,971	$1,297,193	$1,401,864	$-38,222

NEW YORK ALLIANCE AGAINST INSURANCE FRAUD INC