EXCESS LINE ASSOCIATION OF NEW YORK (EIN 222937521) - 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

1988

Legal Domicile

Principal Officer

JANET PANE

Phone

6462925575

Tax Period

2023-01-01 to 2023-12-31

EXCESS LINE ASSOCIATION OF NEW YORK, founded in 1988, is a mid-sized nonprofit that reported $14.1M in total revenue in fiscal year 2023. The organization ran a surplus of $2.2M, a strong 15% operating margin.

Mission

AN INSURANCE ADVISORY ASSOCIATION CHARGED WITH THE DUTY TO FACILITATE AND ENCOURAGE COMPLIANCE WITH THE EXCESS LINE LAW.

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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 $12,925,683

Investment Income $1,181,224

Other Revenue $0

TOTAL REVENUE $14,106,907

Expense Breakdown

Grants Paid $100,000

Salaries & Benefits $6,458,161

Fundraising Expenses $0

Other Expenses $5,393,853

TOTAL EXPENSES $11,952,014

Year-over-Year Comparison

	2023	2022	Change
Revenue	$14,106,907	$13,861,603	+0.0%
Expenses	$11,952,014	$10,273,449	+0.2%
Net Income	$2,154,893	$3,588,154	-0.4%

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

$968,128

Total Directors

$297,179

Key Employees

$806,434

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JANET PANE	EXECUTIVE DIRECTOR (AS OF 6/12/23)	40.00	Officer Director	$296,164	$1,015	$297,179
JOSEPH F CALIGIURI	DIRECTOR	1.00	Director	$0	$0	$0
GARY HOLLEDERER	DIRECTOR	1.00	Director	$0	$0	$0
JO ANN PERI	DIRECTOR	1.00	Director	$0	$0	$0
DONALD PRIVETT	DIRECTOR	1.00	Director	$0	$0	$0
DENISE SANCHEZ	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT SHAPIRO	DIRECTOR	1.00	Director	$0	$0	$0
JAMES RICHARDSON	IMMEDIATE PAST CHAIRMAN	1.00	Director	$0	$0	$0
ERIC KELLER	CHAIRMAN	1.00	Officer Director	$0	$0	$0
MICHAEL BLACKSHEAR	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
JOHN A BUCKLEY	TREASURER	1.00	Officer Director	$0	$0	$0
LANCE BECKER	SECRETARY	1.00	Officer Director	$0	$0	$0
DANIEL F MAHER	SENIOR ADVISOR	40.00	Officer	$548,214	$122,735	$670,949
HOWARD GREENE - DIR OF GOVT	AFFAIRS & STRATEGIC INITIATIVES	40.00	Key Emp	$266,557	$29,646	$296,203
BRIAN PERSAUD	DIR OF INFORMATION TECHNOLOGY	40.00	Key Emp	$225,624	$65,802	$291,426
THERESA HETHERINGTON	STAMPING OFFICE MANAGER	40.00	Key Emp	$169,337	$49,468	$218,805
BENEDICT BARDEGUEZ	PC ANALYST/HELPDESK	40.00	Highest	$182,068	$59,806	$241,874
IVAN RODRIGUEZ	PC ANALYST/HELPDESK	40.00	Highest	$162,337	$50,272	$212,609
ALEX SARFO	FINANCIAL DIRECTOR	40.00	Highest	$140,114	$51,697	$191,811
JILLIAN MAXWELL	HUMAN RESOURCES MANAGER	40.00	Highest	$130,838	$51,375	$182,213
ADRIANE BRINGE	ACCOUNTING MANAGER	40.00	Highest	$130,530	$51,636	$182,166

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	$14,106,907	$11,952,014	$47,244,587	$2,154,893
2022	$13,861,603	$10,273,449	$44,875,801	$3,588,154
2021	$11,240,697	$9,381,742	$36,201,317	$1,858,955
2020	$9,064,939	$8,798,173	$34,509,866	$266,766
2019	$9,142,481	$7,736,259	$34,082,343	$1,406,222
2018	$8,312,393	$6,847,430	$30,227,053	$1,464,963

EXCESS LINE ASSOCIATION OF NEW YORK