CORRECTIONAL ASSOCIATION OF NEW YO… - 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

1844

Legal Domicile

Principal Officer

JENNIFER SCAIFE

Phone

2122545700

Tax Period

2023-07-01 to 2024-06-30

CORRECTIONAL ASSOCIATION OF NEW YORK, founded in 1844, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2023. Revenue surged 32% from the prior year, signaling strong growth momentum. Expenses of $2.1M exceeded revenue, resulting in a 51% operating deficit.

Mission

CANY PROVIDES INDEPENDENT OVERSIGHT OF PRISONS IN NEW YORK STATE TO PROMOTE TRANSPARENCY AND ACCOUNTABILITY; SAFEGUARD THE HUMAN AND CIVIL RIGHTS OF INCARCERATED PEOPLE; IDENTIFY AND PROVOKE A RESPONSE TO HARMFUL PRACTICES AND POLICIES; PROMULGATE INFORMATION THAT SUPPORTS REFORM, AND ADVOCATE FOR THE DECREASED USE OF INCARCERATION IN NEW YORK.

Program Service Accomplishments

Program 1

Expenses: $1,640,089 Revenue: $0

THE CORRECTIONAL ASSOCIATION OF NEW YORK (CANY) ACCOMPLISHES ITS MISSION THROUGH ONSITE PRISON MONITORING, DATA GATHERING AND ANALYSIS, INFORMATION SHARING AND EDUCATION, AND ADVOCACY. CANY PROVIDES INDEPENDENT PRISON OVERSIGHT IN THE FORM OF PRISON MONITORING VISITS TO STATE CORRECTIONAL FACILITIES, CORRESPONDENCE BY MAIL WITH INCARCERATED PEOPLE, DATA ANALYSIS AND REPORTING, AND ENGAGEMENT WITH STATE AGENCIES, THE LEGISLATURE, ADVOCACY PARTNERS, AND THE GENERAL PUBLIC. EACH YEAR, CANY CONDUCTS 8-10 COMPREHENSIVE PRISON MONITORING VISITS, RECEIVES HUNDREDS OF PHONE CALLS, WEBSITE INQUIRIES, AND EMAILS FROM CONCERNED PARTIES, AND COLLECTS ADMINISTRATIVE DATA THROUGH FREEDOM OF INFORMATION LAW REQUESTS. CANY ASSIMILATES THIS INFORMATION AND COMMUNICATES IT TO STAKEHOLDERS IN THE FORM OF REPORTS, DIGITAL MEDIA, EARNED MEDIA COVERAGE, LEGISLATIVE TESTIMONY, AND PUBLIC SPEAKING ENGAGEMENTS.

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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 $1,341,913

Program Service Revenue $0

Investment Income $26,690

Other Revenue $5,252

TOTAL REVENUE $1,373,855

Expense Breakdown

Grants Paid $10,000

Salaries & Benefits $1,589,333

Fundraising Expenses $90,571

Program Expenses $1,640,089

Other Expenses $481,827

TOTAL EXPENSES $2,081,160

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,373,855	$1,038,121	+0.3%
Expenses	$2,081,160	$1,803,391	+0.2%
Net Income	$-707,305	$-765,270	-0.1%

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

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

$194,496

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEPHEN H PHELPS	CHAIR	2.00	Officer Director	$0	$0	$0
WILLIAM SNIPES	VICE CHAIR	2.00	Officer Director	$0	$0	$0
KEN HENDERSON	SECRETARY	2.00	Officer Director	$0	$0	$0
RICHARD FOUDY	TREASURER	2.00	Officer Director	$0	$0	$0
MARTHA KING	OFFICER	2.00	Officer Director	$0	$0	$0
WES CAINES	OFFICER	2.00	Officer Director	$0	$0	$0
JESSICA CHARLES PHD	DIRECTOR	2.00	Director	$0	$0	$0
MICHELLE DANIEL	DIRECTOR	2.00	Director	$0	$0	$0
ARTI FINN	DIRECTOR	2.00	Director	$0	$0	$0
JAY WARDLE	DIRECTOR THRU 6/10/24	2.00	Director	$0	$0	$0
JENNIFER SCAIFE	EXECUTIVE DIRECTOR	35.00	Officer	$170,548	$23,948	$194,496
SUMEET SHARMA	DIRECTOR	35.00	Highest	$113,161	$34,534	$147,695
AIDAN KING	DIRECTOR	35.00	Highest	$121,345	$3,652	$124,997
NASHLA RIVAS SALAS	SENIOR DIRECTOR	35.00	Highest	$144,427	$49,856	$194,283
CHRISTINE COOK	DIRECTOR	35.00	Highest	$115,670	$20,195	$135,865

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	$1,373,855	$2,081,160	$1,430,624	$-707,305
2023	$1,038,121	$1,803,391	$2,039,738	$-765,270
2022	$2,384,048	$1,628,225	$2,632,474	$755,823
2021	$1,692,136	$1,817,020	$2,937,504	$-124,884
2020	$2,258,786	$1,379,047	$2,840,616	$879,739

CORRECTIONAL ASSOCIATION OF NEW YORK