NEW YORK STATE COURT CLERKS ASSOCIATION SECURITY BENEFITS FUND

EIN: 237060674

NEW YORK, NY

Total Revenue
$2,260,093
Total Expenses
$2,297,373
Total Assets
$5,793,789
Net Assets
$5,426,140
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1970
Legal Domicile
NY
Principal Officer
MICHAEL GREICO
Phone
2129415700
Tax Period
2023-01-01 to 2023-12-31

NEW YORK STATE COURT CLERKS ASSOCIATION SECURITY BENEFITS FUND, founded in 1970, is a community nonprofit that reported $2.3M in total revenue in fiscal year 2023. Net assets of $5.4M represent 29 months of operating reserves.

Mission

THE FUND WAS ESTABLISHED FOR THE EXCLUSIVE PURPOSES OF PROVIDING HEALTH AND WELFARE BENEFITS FOR ELIGIBLE PERSONS AND THE PAYMENT OF THE EXPENSES OF OPERATION AND ADMINISTRATION OF THE FUND.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $2,075,183
Investment Income $127,253
Other Revenue $57,657
TOTAL REVENUE $2,260,093

Expense Breakdown

Grants Paid $0
Salaries & Benefits $47,454
Fundraising Expenses $0
Other Expenses $221,266
TOTAL EXPENSES $2,297,373

Year-over-Year Comparison

2023 2022 Change
Revenue $2,260,093 $2,216,614 +0.0%
Expenses $2,297,373 $1,989,826 +0.2%
Net Income $-37,280 $226,788 -1.2%
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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Governance

Voting Members
9
Independent Members
N/A
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
3
$24,990
Total Directors
11
$39,690
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL GREICO CHAIRMAN 1.00
Officer Director
$0 $0 $9,990
JENNIFER MURPHY CO-CHAIRMAN 1.00
Officer Director
$0 $0 $9,000
IMOGENE JONES Past CHAIRMAN 1.00
Officer Director
$0 $0 $6,000
BRIAN HAMERMAN Trustee 0.50
Director
$2,100 $0 $2,100
DONNA ORR Trustee 0.50
Director
$2,100 $0 $2,100
Joseph Lydon Trustee 0.50
Director
$2,100 $0 $2,100
ANTHONY DISTEFANO Trustee 0.50
Director
$2,100 $0 $2,100
RENEE SEELEY Trustee 0.50
Director
$2,100 $0 $2,100
JUANITA JORDAN Trustee 0.50
Director
$2,100 $0 $2,100
IRENE LARACUENTA PAST Trustee 0.50
Director
$1,050 $0 $1,050
AVERELL GOLUB Trustee 0.50
Director
$1,050 $0 $1,050
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 $2,260,093 $2,297,373 $5,793,789 $-37,280
2022 $2,216,614 $1,989,826 $5,243,402 $226,788
2021 $2,366,098 $2,116,932 $5,898,307 $249,166
2020 $2,384,577 $1,893,590 $5,501,158 $490,987
2019 $2,351,176 $2,101,497 $4,695,770 $249,679
2018 $2,824,524 $2,388,075 $4,205,622 $436,449
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