NYST BENEFIT FUND INC (EIN 141778187) - 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

1994

Legal Domicile

Principal Officer

CHARLES MURPHY

Phone

5184627448

Tax Period

2023-01-01 to 2023-12-31

NYST BENEFIT FUND INC, founded in 1994, is a community nonprofit in the Mutual Benefit sector that reported $4.3M in total revenue in fiscal year 2023.

Mission

THE PRIMARY PURPOSE IS TO PROVIDE ITS MEMBERSHIP WITH VARIOUS BENEFITS INCLUDING LIFE INSURANCE, DISABILITY INSURANCE, AND OTHER BENEFITS PURSUANT TO ITS BY-LAWS AND TO PUBLISH THE "PBA TROOPER" MAGAZINE TO PROVIDE PERTINENT INFORMATION TO ITS MEMBERS AND TO PROMOTE AND ENCOURAGE THE PROFESSIONALISM OF STATE-WIDE LAW ENFORCEMENT OFFICERS IN THE STATE OF NEW YORK, ESPECIALLY MEMBERS OF THE NEW YORK STATE POLICE.

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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 $0

Program Service Revenue $4,299,571

Investment Income $0

Other Revenue $0

TOTAL REVENUE $4,299,571

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $152,729

TOTAL EXPENSES $4,308,224

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,299,571	$4,311,534	0.0%
Expenses	$4,308,224	$4,302,561	+0.0%
Net Income	$-8,653	$8,973	-2.0%

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

N/A

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

$337,575

Total Directors

$738,356

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDREW C DAVIS	1ST VP	5.00	Officer Director	$0	$0	$53,171
JASON F SHERIDAN	2ND VP	5.00	Officer Director	$0	$0	$58,178
CHARLES W MURPHY	PRESIDENT	10.00	Officer Director	$0	$0	$69,214
ROGER L RIUTTA	SECRETARY	5.00	Officer Director	$0	$0	$39,366
ERIC TERRAFERMA	BOARD MEMBER- NCO EAST	5.00	Director	$0	$0	$35,487
JOHN J CONBOY	BOARD MEMBER- NCO WEST	5.00	Director	$0	$0	$36,211
DANIEL G CHARLESON	BOARD MEMBER- OFFICERS	5.00	Director	$0	$0	$40,214
MICHAEL P CATANZARO	BOARD MEMBER- TROOP A	5.00	Director	$0	$0	$34,339
JERED J PORTER	BOARD MEMBER- TROOP C	5.00	Officer Director	$0	$0	$46,500
DOMINICK PEDULLA	BOARD MEMBER- TROOP D	5.00	Director	$0	$0	$27,480
JUSTIN R PRUSAK	BOARD MEMBER- TROOP E	5.00	Director	$0	$0	$5,499
STEPHEN K JOHNSTONE	BOARD MEMBER- TROOP F	5.00	Director	$0	$0	$36,349
DALE I PALMER JR	BOARD MEMBER- TROOP G	5.00	Director	$0	$0	$28,455
JONATHAN P BRODY	BOARD MEMBER- TROOP K	5.00	Officer Director	$0	$0	$39,091
PETER M NUNZIATA	BOARD MEMBER- TROOP L	5.00	Director	$0	$0	$41,137
JOSHUA P KAYE	BOARD MEMBER- TROOP NYC	5.00	Director	$0	$0	$34,026
ANTHONY NIGRO IV	BOARD MEMBER- TROOP T	5.00	Director	$0	$0	$19,057
MARTIN T MCCLELLAN	ACTING TREASURER	10.00	Officer Director	$0	$0	$32,055
RICHARD CUNNINGHAM	BOARD MEMBER - TROOP E	5.00	Director	$0	$0	$4,462
ANDREW DELMAR	BOARD MEMBER - TROOP C	5.00	Director	$0	$0	$23,348
THOMAS KURCHARK	BOARD MEMBER - TROOP G&H	5.00	Director	$0	$0	$5,383
ANDREW LODGE	BOARD MEMBER - TROOP D	5.00	Director	$0	$0	$6,849
ADAM P DOLCE	ACTING BOARD MEMBER - TROOP T	5.00	Director	$0	$0	$16,843
PAUL R SCOTT	BOARD MEMBER - TROOP B	5.00	Director	$0	$0	$5,642

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	$4,299,571	$4,308,224	$626,381	$-8,653
2023	$4,299,571	$4,326,207	$626,381	$-26,636
2022	$4,295,125	$4,326,596	$1,119,176	$-31,471
2022	$4,311,534	$4,302,561	$1,119,176	$8,973
2021	$4,455,019	$4,229,253	$505,175	$225,766
2020	$4,403,744	$4,412,876	$344,546	$-9,132
2019	$4,490,417	$4,474,636	$320,761	$15,781
2018	$4,515,568	$4,566,798	$254,185	$-51,230

NYST BENEFIT FUND INC