NEW YORK STATE RETIRED TEACHERS' ASSOCIATION INC - INSURANCE TRUST (EIN 146066944) - 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

1963

Legal Domicile

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.

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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 $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

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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

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
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

NEW YORK STATE RETIRED TEACHERS' ASSOCIATION INC - INSURANCE TRUST