NYS FUNERAL DIRECTORS ASSOCIATION INC (EIN 150398553) - 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

1927

Legal Domicile

Principal Officer

MICHAEL LANOTTE

Phone

5184528230

Tax Period

2025-01-01 to 2025-12-31

NYS FUNERAL DIRECTORS ASSOCIATION INC, founded in 1927, is a community nonprofit that reported $3.8M in total revenue in fiscal year 2025. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.9M, a strong 51% operating margin.

Mission

TO PRESERVE AND ENHANCE THE HIGH STANDARDS OF INTEGRITY AND HONOR EXISTING IN THE FUNERAL DIRECTING PROFESSION SO AS TO BETTER SERVE THE PUBLIC INTEREST, TO FURTHER THE PROFESSIONAL EDUCATION OF THE MEMBERS AND TO PROMOTE UNIFORMITY AND CERTAINTY IN THE PRACTICES OF THE PROFESSION.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,487,353

Investment Income $2,277,939

Other Revenue $0

TOTAL REVENUE $3,765,292

Expense Breakdown

Grants Paid $80,000

Salaries & Benefits $1,137,880

Fundraising Expenses $0

Program Expenses $1,655,545

Other Expenses $644,764

TOTAL EXPENSES $1,862,644

Year-over-Year Comparison

	2025	2024	Change
Revenue	$3,765,292	$3,379,855	+0.1%
Expenses	$1,862,644	$1,752,847	+0.1%
Net Income	$1,902,648	$1,627,008	+0.2%

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

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

$414,253

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRUCE TROY	REGION DIRECTOR 7	1.00	Director	$0	$0	$0
CARRIE-LYNNE SORVARI	REGION DIRECTOR 6	1.00	Director	$0	$0	$0
CHARLES CASTIGLIA	PREPLAN AT-LARGE DIRECTOR	1.00	Director	$0	$0	$0
DAVID PARENTE	TREASURER	1.00	Officer Director	$0	$0	$0
DAVID ROGERS	REGION DIRECTOR 2	1.00	Director	$0	$0	$0
DONALD EDMUNDS	FDSS AT-LARGE DIRECTOR	1.00	Director	$0	$0	$0
DOUGLAS BRUEGGEMANN	PAST PRESIDENT DIRECTOR	1.00	Officer Director	$0	$0	$0
EDWARD STANIMER	REGION DIRECTOR 3	1.00	Director	$0	$0	$0
JOHN LATIMORE	REGION DIRECTOR 1	1.00	Director	$0	$0	$0
JULIA GOODMAN	REGION DIRECTOR 4	1.00	Director	$0	$0	$0
MARK J NOLAN	PRESIDENT-ELECT	1.00	Officer Director	$0	$0	$0
MICHAEL GORTON JR	PRESIDENT	1.00	Officer Director	$0	$0	$0
MICHELLE IRONSIDE KINVILLE	SECRETARY	1.00	Officer Director	$0	$0	$0
NICHOLAS DECELLE	REGION DIRECTOR 5	1.00	Director	$0	$0	$0
PETER D'ARIENZO	REGION DIRECTOR 9	1.00	Director	$0	$0	$0
RICHARD SULLIVAN	PAST PRESIDENT DIRECTOR	1.00	Officer Director	$0	$0	$0
ROBIN JENNINGS	TRIBUTE AT-LARGE DIRECTOR	1.00	Director	$0	$0	$0
SABRINA JOYNES	REGION DIRECTOR 8	1.00	Director	$0	$0	$0
SCOTT HENDRIX	IMMEDIATE PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
WALTER KENT	PAST PRESIDENT DIRECTOR	1.00	Officer Director	$0	$0	$0
WESLEY POWELL	PAST PRESIDENT DIRECTOR	1.00	Officer Director	$0	$0	$0
MICHAEL LANOTTE	EXECUTIVE DIRECTOR	37.50	Officer	$358,232	$56,021	$414,253
RANDY MCCULLOUGH	DEPUTY EXECUTIVE DIRECTOR	37.50	Highest	$210,952	$27,890	$238,842

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	$3,765,292	$1,862,644	$18,651,185	$1,902,648
2024	$3,379,855	$1,752,847	$16,402,731	$1,627,008
2023	$3,357,934	$1,662,236	$14,670,270	$1,695,698
2022	$2,564,009	$1,551,336	$12,864,504	$1,012,673
2021	$2,854,918	$1,432,179	$12,142,082	$1,422,739
2020	$2,615,202	$1,311,281	$10,548,078	$1,303,921
2019	$2,512,960	$1,796,973	$9,010,190	$715,987
2018	$2,696,404	$2,181,950	$8,122,232	$514,454

NYS FUNERAL DIRECTORS ASSOCIATION INC