NATIONAL ASSOCIATION OF INSURANCE AND FINANCIAL ADVISORS-NEW YORK STATE INC (EIN 141743787) - 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

1919

Legal Domicile

Principal Officer

PHILLIP HELD

Phone

5189151661

Tax Period

2018-07-01 to 2019-06-30

NATIONAL ASSOCIATION OF INSURANCE AND FINANCIAL ADVISORS-NEW YORK STATE INC, founded in 1919, is a small nonprofit that reported $352K in total revenue in fiscal year 2018. Revenue decreased 12% compared to the prior year. Expenses of $452K exceeded revenue, resulting in a 28% operating deficit.

Mission

THE MISSION OF THE ORGANIZATION IS TO SERVE ITS MEMBERS AND THE PUBLIC INTEREST BY PRESERVING AND PROMOTING THE HIGHEST STANDARDS OF PROFESSIONALISM AND ENHANCING THE BUSINESS CLIMATE OF THE INSURANCE AND FINANCIAL SERVICES PROFESSIONAL.

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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 (2018)

Revenue Breakdown

Contributions & Grants $344,517

Program Service Revenue $883

Investment Income $1,106

Other Revenue $5,436

TOTAL REVENUE $351,942

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $64,692

Other Expenses $452,003

TOTAL EXPENSES $452,003

Year-over-Year Comparison

	2018	2017	Change
Revenue	$351,942	$400,193	-0.1%
Expenses	$452,003	$512,110	-0.1%
Net Income	$-100,061	$-111,917	-0.1%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GARY CAPPON	SECRETARY/TREASURER	2.00	Officer Director	$0	$0	$0
PHILIP HELD	PRESIDENT	2.00	Officer Director	$0	$0	$0
JOSHUA LAUER	TRUSTEE	2.00	Director	$0	$0	$0
THOMAS PALMERI	PRESIDENT-ELECT	2.00	Officer Director	$0	$0	$0
JASON LURIE	TREASURER	2.00	Director	$0	$0	$0
THOMAS WADE	TRUSTEE	2.00	Director	$0	$0	$0
DEAN PURDY	TRUSTEE	2.00	Director	$0	$0	$0
CHRIS GIBBONS	TRUSTEE	2.00	Director	$0	$0	$0
JOHN HOBIKA	TRUSTEE	2.00	Director	$0	$0	$0
NEAL MILLER	BOARD MEMBER	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
2019	$351,942	$452,003	$228,098	$-100,061
2018	$400,193	$512,110	$328,159	$-111,917

NATIONAL ASSOCIATION OF INSURANCE AND FINANCIAL ADVISORS-NEW YORK STATE INC