NAMI-NEW YORK STATE INC (EIN 222571353) - Form 990 Financial Analysis & Trantor Score

🔒

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

Financial Trends

Organization Details

Formation Year

1982

Legal Domicile

Principal Officer

SHARON MCCARTHY

Phone

5184622000

Tax Period

2024-01-01 to 2024-12-31

NAMI-NEW YORK STATE INC, founded in 1982, is a community nonprofit in the Mental Health sector that reported $1.1M in total revenue in fiscal year 2024. Revenue decreased 5% compared to the prior year. Net assets of $2.5M represent 27 months of operating reserves.

Mission

TO SUPPORT, ADVANCE AND DEFEND THE RIGHTS, INTERESTS AND WELFARE OF MENTALLY ILL PERSONS 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $895,094

Program Service Revenue $108,396

Investment Income $95,819

Other Revenue $0

TOTAL REVENUE $1,099,309

Expense Breakdown

Grants Paid $0

Salaries & Benefits $663,512

Fundraising Expenses $0

Program Expenses $994,236

Other Expenses $523,673

TOTAL EXPENSES $1,187,185

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,099,309	$1,159,460	-0.1%
Expenses	$1,187,185	$1,021,084	+0.2%
Net Income	$-87,876	$138,376	-1.6%

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

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

Total Directors

$94,599

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHARON HORTON	EXECUTIVE DI	40.00	Director	$94,599	$0	$94,599
MARGARET BRISTOL	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL FOTI DO	DIRECTOR	2.00	Director	$0	$0	$0
JASMINE FRANCIS	DIRECTOR	2.00	Director	$0	$0	$0
SUE GAGNE	DIRECTOR	2.00	Director	$0	$0	$0
ABRAHAM GOLDRING	DIRECTOR	2.00	Director	$0	$0	$0
LAUREN GRIMSHAW	TREASURER	2.00	Officer Director	$0	$0	$0
PHOENYX LONG	DIRECTOR	2.00	Director	$0	$0	$0
SHARON MCCARTHY	PRESIDENT	2.00	Officer Director	$0	$0	$0
NATHAN MCLAUGHLIN	EXECUTIVE DI	40.00	Director	$0	$0	$0
MAYA MCNULTY	DIRECTOR	2.00	Director	$0	$0	$0
JULIE LECLAIR NECHES	2ND VICE PRE	2.00	Officer Director	$0	$0	$0
CHERYL NETTER	DIRECTOR	2.00	Director	$0	$0	$0
HOPE PLAVIN	SECRETARY	2.00	Officer Director	$0	$0	$0
ELLEN DRESDALE RITZ	1ST VICE PRE	2.00	Officer Director	$0	$0	$0
DHANU SANNESY	DIRECTOR	2.00	Director	$0	$0	$0
PAT SINE	DIRECTOR	2.00	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
2024	$1,099,309	$1,187,185	$3,081,867	$-87,876
2023	$1,159,460	$1,021,084	$3,000,452	$138,376
2022	$1,228,417	$839,165	$2,701,537	$389,252
2021	$957,349	$803,633	$2,225,901	$153,716
2020	$842,027	$817,814	$2,175,569	$24,213
2019	$951,869	$829,390	$2,115,954	$122,479
2018	$899,135	$802,418	$1,741,936	$96,717

NAMI-NEW YORK STATE INC