NEW YORK STATE RETIRED TEACHERS' ASSOC (EIN 141405516) - 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

1956

Legal Domicile

Principal Officer

LEIGH POWELL

Phone

5184823509

Tax Period

2023-01-01 to 2023-12-31

NEW YORK STATE RETIRED TEACHERS' ASSOC, founded in 1956, is a small nonprofit that reported $239K in total revenue in fiscal year 2023. Revenue surged 259% from the prior year, signaling strong growth momentum. Expenses of $361K exceeded revenue, resulting in a 51% operating deficit.

Mission

WORKING TO IMPROVE THE QUALITY OF LIFE FOR ALL RETIRED EDUCATORS AND TO INSURE EXCELLENCE IN EDUCATION FOR ALL CHILDREN IN NEW YORK STATE.

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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 $219,899

Program Service Revenue $0

Investment Income $10,775

Other Revenue $8,751

TOTAL REVENUE $239,425

Expense Breakdown

Grants Paid $0

Salaries & Benefits $187,878

Fundraising Expenses $9,664

Program Expenses $274,872

Other Expenses $172,896

TOTAL EXPENSES $360,774

Year-over-Year Comparison

	2023	2022	Change
Revenue	$239,425	$66,616	+2.6%
Expenses	$360,774	$353,595	+0.0%
Net Income	$-121,349	$-286,979	-0.6%

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

Volunteers

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

$97,398

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARY JOHNSON	CHAIR FOR LEGISLATION	1.00	Officer Director	$0	$0	$0
JAMES NEWELL	PRESIDENT	1.00	Officer Director	$0	$0	$0
DONNA HARNESS	ZONE PRESIDENT	1.00	Director	$0	$0	$0
GAYLA LEPAGE	ZONE PRESIDENT/SENIOR VP	1.00	Director	$0	$0	$0
JANICE MULLINS	ZONE PRESIDENT	1.00	Director	$0	$0	$0
MARY BETH TYNDALL	ZONE PRESIDENT	1.00	Director	$0	$0	$0
LEIGH POWELL	TREASURER	1.00	Officer Director	$0	$0	$0
KEVIN MULLIGAN	IMMEDIATE PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
MARY LOU WOOD	SECRETARY/ZONE CO-PRESIDENT	1.00	Officer Director	$0	$0	$0
MICHELLE CLAUS	ZONE PRESIDENT	1.00	Director	$0	$0	$0
CONNIE LALONDE	ZONE PRESIDENT	1.00	Director	$0	$0	$0
RAY PITCHER	ZONE PRESIDENT	1.00	Director	$0	$0	$0
DELL FORD JORDAN	CHAIR FOR MEMBERS	1.00	Officer Director	$0	$0	$0
LOIS THORNBERG	CHAIR FOR FRIENDLY SERVICE	1.00	Officer Director	$0	$0	$0
EILEEN HOLMES	ZONE PRESIDENT	1.00	Director	$0	$0	$0
WOODY LYNDAKER	ZONE PRESIDENT	1.00	Director	$0	$0	$0
VINCE SMITH	ZONE CO-PRESIDENT	1.00	Director	$0	$0	$0
JUDY FARMER	CHAIR FOR NOMINATIONS	1.00	Officer Director	$0	$0	$0
DIANE BONENFANT	CHAIR FOR FINANCE & BUDGET	1.00	Officer Director	$0	$0	$0
WILLIAM TENITY	CHAIR FOR BYLAWS	1.00	Officer Director	$0	$0	$0
MARY K BASSETT	EXECUTIVE OFFICE MANAGER	40.00	Officer	$70,597	$26,801	$97,398

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	$239,425	$360,774	$1,389,009	$-121,349
2022	$66,616	$353,595	$1,376,441	$-286,979
2021	$305,657	$330,919	$1,660,990	$-25,262
2020	$347,712	$378,069	$1,692,378	$-30,357
2019	$315,180	$403,277	$1,616,814	$-88,097
2018	$308,904	$372,807	$1,610,646	$-63,903

NEW YORK STATE RETIRED TEACHERS' ASSOC