NEW YORK INSTITUTE OF CREDIT

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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

1918

Legal Domicile

Principal Officer

MARK INDELICATO

Phone

9173387000

Tax Period

2024-08-01 to 2025-07-31

NEW YORK INSTITUTE OF CREDIT, founded in 1918, is a small nonprofit that reported $419K in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year. Expenses of $391K left a modest 7% surplus.

Mission

THE PURPOSE OF THE INSTITUTE IS TO PROVIDE EDUCATION TO THE FINANCIAL, CREDIT, RESTRUCTURING AND BANKRUPTCY COMMUNITIES, THE PROFESSIONALS WHO SERVICE THEM, AS WELL AS STUDENTS. THE INSTITUTE OFFERS PROGRAMS, SEMINARS, WORKSHOPS, SYMPOSIUMS, AND OTHER EDUCATIONAL AND COMMUNITY-BUILDING EVENTS.

Program Service Accomplishments

Program 1

Expenses: $316,551 Revenue: $412,307

THE INSTITUTE OFFERS PROGRAMS, SEMINARS, WORKSHOPS, SYMPOSIUMS, AND OTHER EDUCATIONAL AND COMMUNITY-BUILDING EVENTS TO THE FINANCIAL, CREDIT, RESTRUCTURING AND BANKRUPCY 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $412,307

Investment Income $5,385

Other Revenue $1,085

TOTAL REVENUE $418,777

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $316,551

Other Expenses $391,175

TOTAL EXPENSES $391,175

Year-over-Year Comparison

	2024	2023	Change
Revenue	$418,777	$466,195	-0.1%
Expenses	$391,175	$475,224	-0.2%
Net Income	$27,602	$-9,029	-4.1%

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

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

$110,500

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK INDELICATO	CHAIRMAN	2.00	Officer Director	$0	$0	$0
ALLEN WILEN	PAST CHAIRMAN	2.00	Officer Director	$0	$0	$0
MELANIE CYGANOWSKI	PRESIDENT	2.00	Officer Director	$0	$0	$0
JONATHAN BODNER	SECRETARY	2.00	Officer Director	$0	$0	$0
DAVID E BERLINER	TREASURER/ VP FINANCE	2.00	Officer Director	$0	$0	$0
CASSIE ROSENTHAL	VP MEMBERSHIP	2.00	Officer Director	$0	$0	$0
PAUL H SHUR	VP EDUCATION	2.00	Officer Director	$0	$0	$0
JEFFREY HAMPTON	VP PROGRAMMING	1.00	Director	$0	$0	$0
CARYN ALEXANDER	MEMBER	1.00	Director	$0	$0	$0
RAFFI AZADIAN	MEMBER AT LARGE	1.00	Director	$0	$0	$0
CHARLES BERK	MEMBER	1.00	Director	$0	$0	$0
BETH BROWNSTEIN	MEMBER	1.00	Director	$0	$0	$0
JOHN DEPLEDGE	MEMBER	1.00	Director	$0	$0	$0
KIM DESMARAIS	MEMBER	1.00	Director	$0	$0	$0
PAUL DEUTCH	MEMBER	1.00	Director	$0	$0	$0
JACEN DINOFF	MEMBER	1.00	Director	$0	$0	$0
FRANK GRIMALDI	MEMBER	1.00	Director	$0	$0	$0
TINAMARIE FEIL	MEMBER	1.00	Director	$0	$0	$0
CHARVI GUPTA	MEMBER	1.00	Director	$0	$0	$0
SHERYL GIUGLIANO	MEMBER	1.00	Director	$0	$0	$0
TERRY KEATING	MEMBER	1.00	Director	$0	$0	$0
NEIL GUPTA	MEMBER	1.00	Director	$0	$0	$0
ROBERT KATZ	MEMBER	1.00	Director	$0	$0	$0
MORGAN LUCHS	MEMBER	1.00	Director	$0	$0	$0
JENNIFER PALMER	MEMBER	1.00	Director	$0	$0	$0
KEVIN ZUZOLO	MEMBER	1.00	Director	$0	$0	$0
STEPHANIE SWEENEY	MEMBER	1.00	Director	$0	$0	$0
GLENN SCHWARTZ	MEMBER	1.00	Director	$0	$0	$0
HARVEY GROSS - HSG SERVICES INC	EXECUTIVE DIRECTOR	20.00	Officer	$110,500	$0	$110,500

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	$418,777	$391,175	$129,045	$27,602
2024	$466,195	$475,224	$145,235	$-9,029
2023	$448,211	$479,762	$209,809	$-31,551
2022	$454,938	$492,294	$264,595	$-37,356
2021	$271,286	$299,732	$346,346	$-28,446
2020	$359,961	$371,672	$328,709	$-11,711
2019	$530,684	$556,981	$285,876	$-26,297