INDEPENDENT BANKERS ASSOCIATION OF NEW YORK STATE INC

EIN: 161039314

ALBANY, NY

Total Revenue
$894,844
Total Expenses
$836,597
Total Assets
$805,123
Net Assets
$764,402
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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
1974
Legal Domicile
NY
Principal Officer
JOHN WITKOWSKI
Phone
5184364646
Tax Period
2024-11-01 to 2025-10-31

INDEPENDENT BANKERS ASSOCIATION OF NEW YORK STATE INC, founded in 1974, is a small nonprofit that reported $895K in total revenue in fiscal year 2024. Expenses of $837K left a modest 7% surplus.

Mission

THE INDEPENDENT BANKERS ASSOCIATION OF NEW YORK STATE EXISTS TO ENHANCE AND SUPPORT ALL SEGMENTS OF ITS MEMBERSHIP BY DEVELOPING AND DELIVERING PROGRAMS, SERVICES AND RELATED PRODUCTS THAT WILL ASSIST MEMBERS IN SERVING THE GENERAL PUBLIC WITH THE HIGHEST DEGREE OF PROFESSIONAL ABILITY IN MATTERS INVOLVING ALL FINANCIAL PRODUCTS.

Program Service Accomplishments

Program 1

TO PROVIDE INSTRUCTION AND COUNSELING ON NEW TECHNIQUES OF VARIOUS BANKING TOPICS AND FUNDAMENTALS THROUGH WORKSHOPS, CONVENTIONS AND SEMINARS.

Program 2

PROVIDING INFORMATION ABOUT COMMUNITY BANKING TO THE PUBLIC AND REPRESENTATION TO COMMUNITY BANKS IN LEGISLATIVE AND REGULATORY AFFAIRS.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $706,164
Investment Income $28,397
Other Revenue $160,283
TOTAL REVENUE $894,844

Expense Breakdown

Grants Paid $0
Salaries & Benefits $432,212
Fundraising Expenses $0
Other Expenses $404,385
TOTAL EXPENSES $836,597

Year-over-Year Comparison

2024 2023 Change
Revenue $894,844 $868,379 +0.0%
Expenses $836,597 $822,897 +0.0%
Net Income $58,247 $45,482 +0.3%
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

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Governance

Voting Members
17
Independent Members
16
Employees
2
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
5
$271,449
Total Directors
17
$271,449
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN J WITKOWSKI PRESIDENT & CEO 40.00
Officer Director
$223,461 $47,988 $271,449
THOMAS AMELL DIRECTOR 1.00
Director
$0 $0 $0
JOHN BALLI DIRECTOR 1.00
Director
$0 $0 $0
JOHN BUHRMASTER DIRECTOR 1.00
Director
$0 $0 $0
STEPHEN GOBEL DIRECTOR 1.00
Director
$0 $0 $0
DAVE DEMARCO DIRECTOR 1.00
Director
$0 $0 $0
CHRIS DOWD DIRECTOR 1.00
Director
$0 $0 $0
ROBERT FISHER DIRECTOR 1.00
Director
$0 $0 $0
PAUL MELLO DIRECTOR 1.00
Director
$0 $0 $0
CARLOS NAUDON DIRECTOR 1.00
Director
$0 $0 $0
JOSEPH VITALE DIRECTOR 1.00
Director
$0 $0 $0
STEVEN WOODARD DIRECTOR 1.00
Director
$0 $0 $0
COLLEEN YOUNG DIRECTOR 1.00
Director
$0 $0 $0
MARK LAVARNWAY CHAIR 1.00
Officer Director
$0 $0 $0
TIM DICKEY VICE-CHAIR 1.00
Officer Director
$0 $0 $0
PHILLIP PECORA IMMEDIATE PAST CHAIR 1.00
Officer Director
$0 $0 $0
KELLY WADE SECRETARY/TREASURER 1.00
Officer Director
$0 $0 $0
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 $894,844 $836,597 $805,123 $58,247
2024 $868,379 $822,897 $777,184 $45,482
2023 $853,041 $793,316 $754,939 $59,725
2022 $823,075 $743,759 $639,310 $79,316
2021 $672,166 $603,514 $568,525 $68,652
2020 $567,067 $628,068 $513,239 $-61,001
2019 $817,525 $835,472 $539,550 $-17,947
2018 $757,998 $742,580 $618,958 $15,418
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