FINANCIAL SERVICE CENTER OF NEW YORK INC (EIN 136110520) - 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

1957

Legal Domicile

Principal Officer

EDWARD P D'ALESSIO

Phone

2027192388

Tax Period

2023-01-01 to 2023-12-31

FINANCIAL SERVICE CENTER OF NEW YORK INC, founded in 1957, is a small nonprofit that reported $591K in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year. Expenses of $768K exceeded revenue, resulting in a 30% operating deficit.

Mission

TO ADVANCE AND PROMOTE THE CHECK CASHING INDUSTRY

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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 $44,650

Program Service Revenue $546,552

Investment Income $0

Other Revenue $0

TOTAL REVENUE $591,202

Expense Breakdown

Grants Paid $0

Salaries & Benefits $100,000

Fundraising Expenses $0

Program Expenses $767,928

Other Expenses $667,928

TOTAL EXPENSES $767,928

Year-over-Year Comparison

	2023	2022	Change
Revenue	$591,202	$666,892	-0.1%
Expenses	$767,928	$642,497	+0.2%
Net Income	$-176,726	$24,395	-8.2%

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

$100,000

Total Directors

$100,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EDWARD P D'ALESSIO	Executive Dir.	5.00	Officer Director	$100,000	$0	$100,000
MATT BARDACK	President	2.00	Officer Director	$0	$0	$0
LARRY LISKIEWICZ	Vice President	2.00	Officer Director	$0	$0	$0
JAMES SHREERO	Director	2.00	Director	$0	$0	$0
ALEX CARBALLO	Director	2.00	Director	$0	$0	$0
JOSEPH COLEMAN	Director	2.00	Director	$0	$0	$0
THOMAS MUSIAL	Director	2.00	Director	$0	$0	$0
ANDREW SIEGEL	Director	2.00	Director	$0	$0	$0
ROBERT WOLFBERG	Director	2.00	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
2024	No data	No data	No data	No data
2023	$591,202	$767,928	$132,027	$-176,726
2022	$666,892	$642,497	$108,753	$24,395
2021	$403,162	$415,503	$84,358	$-12,341
2020	$413,475	$439,315	$96,699	$-25,840
2019	$732,890	$806,831	$122,539	$-73,941

FINANCIAL SERVICE CENTER OF NEW YORK INC