WESTCHESTER PUTNAM TEACHERS LEGAL … - Form 990 Financial Data

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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

1982

Legal Domicile

Principal Officer

JEFFREY YONKERS

Phone

9146643189

Tax Period

2024-06-01 to 2025-05-31

WESTCHESTER PUTNAM TEACHERS LEGAL SERVICES FUND, founded in 1982, is a small nonprofit in the Crime & Legal sector that reported $298K in total revenue in fiscal year 2024. Revenue fell 25% from the prior year — a significant decline worth monitoring.

Mission

TO PROVIDE PREPAID LEGAL BENEFITS to plan participants UNTIL APRIL 1, 2025.

Program Service Accomplishments

Program 1

PROVIDED PREPAID LEGAL BENEFITS TO PLAN PARTICIPANTS UNTIL APRIL 1, 2025.

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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 $298,101

Investment Income $49

Other Revenue $0

TOTAL REVENUE $298,150

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $9,870

TOTAL EXPENSES $327,577

Year-over-Year Comparison

	2024	2023	Change
Revenue	$298,150	$395,892	-0.2%
Expenses	$327,577	$395,792	-0.2%
Net Income	$-29,427	$100	-295.3%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTOPHER RASQUIN	Trustee	1.00	Director	$0	$0	$0
Kevin Budzynski	1st Vice Chairp	1.00	Officer Director	$0	$0	$0
Deirdre Toolan	Trustee	1.00	Director	$0	$0	$0
Noelle Palumbo	Trustee	1.00	Director	$0	$0	$0
Kate Legeret	Trustee	1.00	Director	$0	$0	$0
Jeanne Casino	2nd Vice Chairp	1.00	Officer Director	$0	$0	$0
Kristen Diguglielmo	Trustee	1.00	Director	$0	$0	$0
Argie Kavalieratos	Trustee	1.00	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
2025	$298,150	$327,577	$39,593	$-29,427
2024	$395,892	$395,792	$166,265	$100
2023	$415,857	$406,582	$171,659	$9,275
2022	$401,876	$402,726	$157,079	$-850
2021	$390,572	$395,885	$154,497	$-5,313
2020	$382,402	$386,113	$220,852	$-3,711
2019	$366,387	$364,404	$148,351	$1,983
2018	$361,923	$358,723	$156,444	$3,200

WESTCHESTER PUTNAM TEACHERS LEGAL SERVICES FUND