NEW YORK STATE RETIRED TEACHERS' ASSOCIATION INC - INSURANCE TRUST

EIN: 146066944

AMSTERDAM, NY

Total Revenue
$36,868
Total Expenses
$90,456
Total Assets
$933,370
Net Assets
$933,370
🔒

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

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1963
Legal Domicile
NY
Principal Officer
MARY KATHLEEN BASSETT
Phone
5184823509
Tax Period
2023-01-01 to 2023-12-31

NEW YORK STATE RETIRED TEACHERS' ASSOCIATION INC - INSURANCE TRUST, founded in 1963, is a micro nonprofit that reported $37K in total revenue in fiscal year 2023. Revenue surged 605% from the prior year, signaling strong growth momentum. Expenses of $90K exceeded revenue, resulting in a 145% operating deficit.

Mission

TO PROVIDE VARIOUS ASSISTANCE AND INSURANCE COVERAGES THROUGH GROUP INSURANCE POLICIES ISSUED TO CONTRIBUTING MEMBERS(AND THEIR FAMILIES) OF NEW YORK STATE RETIRED TEACHERS' ASSOCIATION, A RELATED NON-FOR-PROFIT TRADE ASSOCIATION FOR RETIRED EDUCATORS WHO TAUGHT IN OR CURRENTLY RESIDE IN NEW YORK STATE.

Program Service Accomplishments

Program 1

TO PROVIDE INSURANCE COVERAGES THORUGH GROUP INSURANCE POLICIES ISSUED TO CONTRIBUTING MEMBERS OF NYSRTA, INC. THAT TAUGHT OR RESIDE IN NEW YORK STATE.

🔒

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%)

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $36,868
Other Revenue $0
TOTAL REVENUE $36,868

Expense Breakdown

Grants Paid $53,000
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $37,456
TOTAL EXPENSES $90,456

Year-over-Year Comparison

2023 2022 Change
Revenue $36,868 $5,228 +6.1%
Expenses $90,456 $66,268 +0.4%
Net Income $-53,588 $-61,040 -0.1%
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

Sign In

Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
5

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
2
$97,398
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBERT JOYCE CHAIR 2.00
Officer Director
$0 $0 $0
LEON HAROLD TRUSTEE 2.00
Director
$0 $0 $0
RONALD WILSON TRUSTEE 2.00
Director
$0 $0 $0
DIANE E HAHN TRUSTEE 2.00
Director
$0 $0 $0
CARLYLE T CAMPANY TRUSTEE 2.00
Director
$0 $0 $0
MARY KATHLEEN BASSETT SECRETARY-TREASURER 2.00
Officer
$0 $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 $36,868 $90,456 $933,370 $-53,588
2022 $5,228 $66,268 $927,745 $-61,040
2021 $101,791 $81,648 $1,148,708 $20,143
2020 $107,517 $62,556 $1,126,630 $44,961
2019 $45,429 $82,691 $1,020,540 $-37,262
2018 $59,210 $57,603 $958,213 $1,607
Explore More Nonprofits
→Top 100 Nonprofits in New York →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare NEW YORK STATE RETIRED TEACHERS' ASSOCIATION INC - INSURANCE TRUST with other nonprofits in New York and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.