NEW YORK SHIPPING ASSOCIATION INC (EIN 135637319) - 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

1955

Legal Domicile

Principal Officer

John Nardi

Phone

7324527800

Tax Period

2024-10-01 to 2025-09-30

NEW YORK SHIPPING ASSOCIATION INC, founded in 1955, is a major nonprofit that reported $320.7M in total revenue in fiscal year 2024. The organization ran a surplus of $53.2M, a strong 17% operating margin.

Mission

To represent the interests of its members in maximizing the efficiency, cost-competitiveness, safety and quality of marine cargo operations in the Port of New York and New Jersey.

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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 $305,563,392

Investment Income $15,135,902

Other Revenue $0

TOTAL REVENUE $320,699,294

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,009,859

Fundraising Expenses $0

Program Expenses $0

Other Expenses $5,386,113

TOTAL EXPENSES $267,481,771

Year-over-Year Comparison

	2024	2023	Change
Revenue	$320,699,294	$335,003,935	0.0%
Expenses	$267,481,771	$233,857,375	+0.1%
Net Income	$53,217,523	$101,146,560	-0.5%

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

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

$2,784,271

Total Directors

$1,006,189

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Nardi John	President	40	Officer Director	$456,017	$550,172	$1,006,189
Winfree Susan	VP of Workforce Development	40	Officer	$345,556	$474,179	$819,735
Massaro Daniel	CFO	40	Officer	$336,689	$246,348	$583,037
Cobb James H	Dir of Government Affairs	40	Highest	$224,109	$310,526	$534,635
Pessel Steven	Dir of Information Technologies	40	Highest	$249,823	$250,539	$500,362
Barattini Thomas M	Dir of Workforce Development	40	Officer	$248,383	$126,927	$375,310
Gupta Deepak	Senior Programmer	40	Highest	$241,677	$92,558	$334,235
Wescott Christopher	Manager, Operations	40	Highest	$214,018	$77,601	$291,619
Monahan Sharin	Dir of Training & Safety	40	Highest	$204,363	$80,693	$285,056
Atkins John	Board Member	1	Director	$0	$0	$0
Chiang Leo	Board Member	1	Director	$0	$0	$0
Derby Michael	Board Member	1	Director	$0	$0	$0
Engel Thomas	Board Member	1	Director	$0	$0	$0
Ferrer Louis Capt	Board Member	1	Director	$0	$0	$0
Houghtalin James	Board Member	1	Director	$0	$0	$0
Hsu Mitchell	Board Member	1	Director	$0	$0	$0
Lee Wen Jin	Board Member	1	Director	$0	$0	$0
Mastandrea Peter	Board Member	1	Director	$0	$0	$0
Milazzo Robert	Board Member	1	Director	$0	$0	$0
Mittenzwei Kurt	Board Member	1	Director	$0	$0	$0
Murrello Anthony	Board Member	1	Director	$0	$0	$0
Nazzaro Paul	Board Member	1	Director	$0	$0	$0
Pelliccio Jim	Board Member	1	Director	$0	$0	$0
Robinson Courtney	Board Member	1	Director	$0	$0	$0
Schmittberger Thorsten	Board Member	1	Director	$0	$0	$0
Spiteri Jesmond	Board Member	1	Director	$0	$0	$0
Stamatis Michael	Board Member	1	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
2025	$320,699,294	$267,481,771	$448,079,105	$53,217,523
2024	$335,003,935	$233,857,375	$390,064,561	$101,146,560
2023	$302,784,296	$230,089,362	$286,171,649	$72,694,934
2022	$349,983,408	$307,335,681	$212,638,251	$42,647,727
2021	$322,473,763	$293,321,872	$171,986,612	$29,151,891
2020	$269,600,667	$280,160,243	$138,753,906	$-10,559,576
2019	$287,168,908	$268,961,922	$147,616,548	$18,206,986
2018	$275,756,764	$271,877,537	$130,617,100	$3,879,227

NEW YORK SHIPPING ASSOCIATION INC