NEWBURGH TEACHERS ASSOCIATION BENEFIT TRUST FUND (EIN 146131191) - 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

1986

Legal Domicile

Principal Officer

NICKOLAS P KARNAVEZOS

Phone

8455627988

Tax Period

2024-02-01 to 2025-01-31

NEWBURGH TEACHERS ASSOCIATION BENEFIT TRUST FUND, founded in 1986, is a community nonprofit that reported $2.4M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $2.1M left a modest 10% surplus.

Mission

A SELF-INSURING FUND TO PROVIDE DENTAL CARE, VISION AND PRESCRIPTION CO-PAY REIMBURSEMENT BENEFITS TO TEACHERS, ADMINISTRATORS AND RETIREES OF THE CITY OF NEWBURGH SCHOOL DISTRICT AND THEIR QUALIFIED DEPENDENTS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,266,688

Investment Income $100,010

Other Revenue $0

TOTAL REVENUE $2,366,698

Expense Breakdown

Grants Paid $0

Salaries & Benefits $186,713

Fundraising Expenses $0

Other Expenses $68,172

TOTAL EXPENSES $2,119,471

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,366,698	$2,186,447	+0.1%
Expenses	$2,119,471	$2,048,382	+0.0%
Net Income	$247,227	$138,065	+0.8%

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

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

$85,958

Total Directors

$48,984

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STACY A MORAN	CHAIRPERSON	1.00	Officer Director	$0	$0	$23,690
JENNIFER M LAUDIERO	SECRETARY	1.00	Officer Director	$0	$0	$0
MATTHEW SCULLY	VICE-CHAIR	1.00	Officer Director	$0	$0	$11,575
CLAUDINE M COTTINI	TRUSTEE	1.00	Director	$0	$0	$13,719
CLAUDINE L MAZZA	TRUSTEE	1.00	Director	$0	$0	$0
ZOE MATTHEWS	TRUSTEE	1.00	Director	$0	$0	$0
JENNIFER J COSTABILE	TRUSTEE	1.00	Director	$0	$0	$0
NICOLE LORENZO	TRUSTEE	1.00	Director	$0	$0	$0
MELISSA HIGGINS	TRUSTEE	1.00	Director	$0	$0	$0
MARY PETRUNCOLA	TRUSTEE	1.00	Director	$0	$0	$0
GONCALO PINHEIRO	TRUSTEE	1.00	Director	$0	$0	$0
NICKOLAS P KARNAVEZOS	FUND ADMINIS	20.00	Officer	$50,693	$0	$50,693

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
2025	$2,366,698	$2,119,471	$4,173,661	$247,227
2024	$2,186,447	$2,048,382	$3,857,607	$138,065
2023	$2,072,363	$2,124,048	$3,711,322	$-51,685
2022	$2,047,482	$2,143,190	$3,735,518	$-95,708
2021	$2,055,798	$1,792,730	$3,821,636	$263,068
2020	$2,062,442	$2,121,908	$4,309,048	$-59,466
2019	$2,047,117	$2,202,779	$3,654,995	$-155,662

NEWBURGH TEACHERS ASSOCIATION BENEFIT TRUST FUND