EASTER SEALS NEW YORK INC (EIN 135596808) - 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

1963

Legal Domicile

Principal Officer

CHRISTINE MCMAHON

Phone

6036238863

Tax Period

2023-10-01 to 2024-09-30

EASTER SEALS NEW YORK INC, founded in 1963, is a mid-sized nonprofit that reported $24.5M in total revenue in fiscal year 2023.

Mission

WE PROVIDE SERVICES SO THAT PEOPLE WITH DISABILITIES CAN LIVE, LEARN, & WORK IN OUR COMMUNITIES.

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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 $1,462,267

Program Service Revenue $23,045,486

Investment Income $0

Other Revenue $-4,391

TOTAL REVENUE $24,503,362

Expense Breakdown

Grants Paid $696,707

Salaries & Benefits $15,929,032

Fundraising Expenses $32,734

Program Expenses $21,523,851

Other Expenses $8,586,158

TOTAL EXPENSES $25,211,897

Year-over-Year Comparison

	2023	2022	Change
Revenue	$24,503,362	$24,001,294	+0.0%
Expenses	$25,211,897	$25,201,970	+0.0%
Net Income	$-708,535	$-1,200,676	-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

448

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

$1,502,023

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK LEGASPI	CHAIRMAN	1.00	Officer Director	$0	$0	$0
ANDREA R COHEN	DIRECTOR	1.00	Director	$0	$0	$0
RONALD RIZZO	DIRECTOR	1.00	Director	$0	$0	$0
MATTHEW V FERDON	DIRECTOR	1.00	Director	$0	$0	$0
NICOLE JAMES	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTINE MCMAHON	PRESIDENT AND CEO OF FEDCAP	1.00	Officer	$0	$151,561	$891,927
CAROL KHOURY	CFO OF FEDCAP	1.00	Officer	$0	$8,517	$347,921
KENNETH BREZENOFF	GEN. COUNSEL & VP STRAT. INIT.	1.00	Officer	$0	$18,802	$262,175
ARLENE GONZALEZ-SANCHEZ	EXECUTIVE DIRECTOR (AS OF 03/2024)	1.00	Officer	$0	$0	$0
MARY MORAN	EXECUTIVE DIR. (THRU 03/2024)	20.00	Officer	$0	$0	$0
LORA WINGHART	REGIONAL DIRECTOR	40.00	Highest	$126,847	$12,082	$138,929
LISA SMACCHIA	DIRECTOR	40.00	Highest	$100,229	$13,132	$113,361

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	$24,503,362	$25,211,897	$21,743,073	$-708,535
2023	$24,001,294	$25,201,970	$19,904,960	$-1,200,676
2022	$29,519,929	$29,452,406	$12,332,644	$67,523
2021	$26,806,489	$28,556,584	$14,125,942	$-1,750,095
2020	$29,121,395	$28,706,858	$14,636,731	$414,537
2019	$29,931,141	$31,152,959	$16,257,457	$-1,221,818
2018	$28,673,690	$29,706,482	$14,422,000	$-1,032,792

EASTER SEALS NEW YORK INC