NEW YORK INSTITUTE OF CREDIT (EIN 136401350) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1918

Legal Domicile

Principal Officer

MARK INDELICATO

Phone

9173387000

Tax Period

2023-08-01 to 2024-07-31

NEW YORK INSTITUTE OF CREDIT, founded in 1918, is a small nonprofit that reported $466K in total revenue in fiscal year 2023.

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.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $458,189

Investment Income $6,596

Other Revenue $1,410

TOTAL REVENUE $466,195

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $386,829

Other Expenses $475,224

TOTAL EXPENSES $475,224

Year-over-Year Comparison

	2023	2022	Change
Revenue	$466,195	$448,211	+0.0%
Expenses	$475,224	$479,762	0.0%
Net Income	$-9,029	$-31,551	-0.7%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$138,000

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	MEMBER AT LARGE	1.00	Director	$0	$0	$0
ELIZABETH ABOULAFIA	MEMBER	1.00	Director	$0	$0	$0
RAFFI AZADIAN	MEMBER	1.00	Director	$0	$0	$0
CHARLES BERK	MEMBER	1.00	Director	$0	$0	$0
BETH BROWNSTEIN	MEMBER	1.00	Director	$0	$0	$0
JACK BUTLER	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
LEAH EISENBERG	MEMBER	1.00	Director	$0	$0	$0
TINAMARIE FEIL	MEMBER	1.00	Director	$0	$0	$0
KEVIN GILLESPIE	MEMBER	1.00	Director	$0	$0	$0
SHERYL GIUGLIANO	MEMBER	1.00	Director	$0	$0	$0
MORGAN GROSSMAN	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
SUZANNE KOENIG	MEMBER	1.00	Director	$0	$0	$0
CHRISTY SEARL	MEMBER	1.00	Director	$0	$0	$0
KEVIN ZUZOLO	MEMBER	1.00	Director	$0	$0	$0
HARVEY GROSS - HSG SERVICES INC	EXECUTIVE DIRECTOR	20.00	Officer	$138,000	$0	$138,000

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	$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

NEW YORK INSTITUTE OF CREDIT