NEW YORK OIL HEATING INSURANCE FUND (EIN 135668118) - 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

1949

Legal Domicile

Principal Officer

ROCCO LACERTOSA

Phone

2126951380

Tax Period

2023-01-01 to 2023-12-31

NEW YORK OIL HEATING INSURANCE FUND, founded in 1949, is a small nonprofit that reported $488K in total revenue in fiscal year 2023. Revenue surged 116% from the prior year, signaling strong growth momentum. Expenses of $581K exceeded revenue, resulting in a 19% operating deficit.

Mission

TO PROVIDE HEALTH BENEFITS TO PARTICIPANTS AND DEPENDENTS

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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 $0

Program Service Revenue $140,273

Investment Income $347,936

Other Revenue $0

TOTAL REVENUE $488,209

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $217,647

TOTAL EXPENSES $581,257

Year-over-Year Comparison

	2023	2022	Change
Revenue	$488,209	$226,297	+1.2%
Expenses	$581,257	$604,901	0.0%
Net Income	$-93,048	$-378,604	-0.8%

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

$185,334

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALLISON A HEANEY	TRUSTEE	1.00	Director	$0	$0	$0
VINCENT THEURER	TRUSTEE	1.00	Director	$0	$0	$0
ROCCO J LACERTOSA	ADMINISTRATOR	4.00	Officer	$0	$20,174	$185,334

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	No data	No data	No data	No data
2023	$488,209	$581,257	$6,231,549	$-93,048
2022	$226,297	$604,901	$6,357,255	$-378,604
2021	$574,324	$678,454	$7,373,506	$-104,130
2020	$341,756	$665,585	$6,968,575	$-323,829
2019	$318,565	$491,942	$6,606,679	$-173,377
2018	$665,783	$436,992	$5,879,814	$228,791

NEW YORK OIL HEATING INSURANCE FUND