NEW YORK AUTOMOBILE INSURANCE PLAN (EIN 237017182) - 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

1941

Legal Domicile

Phone

4019462310

Tax Period

2023-01-01 to 2023-12-31

NEW YORK AUTOMOBILE INSURANCE PLAN, founded in 1941, is a community nonprofit that reported $4.6M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $4.3M left a modest 6% surplus.

Mission

To provide auto liability and physical damages coverages to those insureds who are unable to obtain such auto insurance in the voluntary market.

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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 $4,535,493

Investment Income $24,999

Other Revenue $0

TOTAL REVENUE $4,560,492

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,004,231

Fundraising Expenses $0

Other Expenses $2,270,799

TOTAL EXPENSES $4,275,030

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,560,492	$3,957,688	+0.2%
Expenses	$4,275,030	$3,296,816	+0.3%
Net Income	$285,462	$660,872	-0.6%

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

N/A

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

Total Directors

$15,972

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Susan Hrynyk	Gov Comm Member	2.00	Director	$1,500	$0	$1,500
Anthony Aquilino	Gov Comm Member	2.00	Director	$0	$0	$0
N/A	Gov Comm Member	2.00	Director	$0	$0	$0
N/A	Gov Comm Member	2.00	Director	$0	$0	$0
N/A	Gov Comm Member	2.00	Director	$0	$0	$0
N/A	Gov Comm Member	2.00	Director	$0	$0	$0
Garrett Duffy	Gov Comm Member	2.00	Director	$2,929	$0	$2,929
Hartford Cas Ins	Gov Comm Member	2.00	Director	$0	$0	$0
Stuart Fries	Gov Comm Member	2.00	Director	$1,943	$0	$1,943
N/A	Gov Comm Member	2.00	Director	$0	$0	$0
N/A	Gov Comm Member	2.00	Director	$0	$0	$0
N/A	Gov Comm Member	2.00	Director	$0	$0	$0
Scott Lobel	Gov Comm Member	2.00	Director	$2,850	$0	$2,850
N/A	Gov Comm Member	2.00	Director	$0	$0	$0
N/A	Gov Comm Member	2.00	Director	$0	$0	$0
Richard Signorelli	Gov Comm Member	2.00	Director	$1,200	$0	$1,200
Mark A Griffith	Gov Comm Member	2.00	Director	$2,850	$0	$2,850
William Reynolds	Gov Comm Member	2.00	Director	$2,700	$0	$2,700
N/A	Gov Comm Member	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	No data	No data	No data	No data
2023	$4,560,492	$4,275,030	$4,209,980	$285,462
2022	$3,957,688	$3,296,816	$3,612,824	$660,872
2021	$3,794,110	$3,427,563	$1,031,782	$366,547
2020	$3,631,030	$3,384,371	$899,973	$246,659
2019	$3,841,123	$3,544,537	$951,101	$296,586
2018	$3,880,267	$3,629,632	$960,842	$250,635

NEW YORK AUTOMOBILE INSURANCE PLAN