SPECIAL OLYMPICS NEW YORK INC

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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

1970

Legal Domicile

Principal Officer

RAY POLIKOSKI JR

Phone

5183880790

Tax Period

2024-01-01 to 2024-12-31

SPECIAL OLYMPICS NEW YORK INC, founded in 1970, is a mid-sized nonprofit that reported $12.0M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $15.0M exceeded revenue, resulting in a 25% operating deficit.

Mission

TO PROMOTE AND CONDUCT ATHLETIC INSTRUCTION AND COMPETITION FOR INDIVIDUALS WITH INTELLECTUAL DISABILITIES

Program Service Accomplishments

Program 1

Expenses: $1,218,710 Revenue: $54,581

GAMES AND COMPETITIONS: SONY PROVIDED TRAINING AND COMPETITION SPORT SEASONS (WINTER, SUMMER, AND FALL). THE INDIVIDUALS SERVED BY SONY RANGE IN AGE FROM 2 YEARS TO 90 YEARS AND HAVE BEEN DIAGNOSED WITH AN INTELLECTUAL DISABILITY OR A COGNITIVE DELAY. COMPETITIONS ARE HELD IN NINE REGIONS AROUND THE STATE. ATHLETES ADVANCE FROM LOCAL COMPETITION TO REGIONAL, SUPER-REGIONAL, AND STATEWIDE COMPETITIONS IN EACH OF THE THREE SEASONS WITH POTENTIAL ADVANCEMENT TO NATIONAL AND WORLD GAMES AVAILABLE IN ALL 23 SPORTS. SONY HOSTED 181 COMPETITIVE EVENTS FOR A TOTAL OF 244,456 REGIONAL SERVICE HOURS, 28,688 STATE GAMES SERVICE HOURS, AND 1,375,810 PUBLIC SCHOOL SERVICE HOURS IN THE 2024 PROGRAM YEAR.

Program 2

Expenses: $766,984

ATHLETES TRAINING: SONY ATHLETES TRAIN WITH COACHES AND CERTIFIED VOLUNTEERS FOR A TOTAL OF 1,742,758 SERVICE HOURS. SONY PROVIDED SERVICE TO ATHLETES ACROSS MULTIPLE INITIATIVES. ATHLETES WERE...

ATHLETES TRAINING: SONY ATHLETES TRAIN WITH COACHES AND CERTIFIED VOLUNTEERS FOR A TOTAL OF 1,742,758 SERVICE HOURS. SONY PROVIDED SERVICE TO ATHLETES ACROSS MULTIPLE INITIATIVES. ATHLETES WERE TRAINED AND EDUCATED IN THE FOLLOWING TRADITIONAL SPORTS DURING 2024 (ALL IN ATHLETE NUMBERS): ALPINE SKIING 227, ATHLETICS (TRACK & FIELD) 22,954; BASKETBALL 21,255; BOCCE 7,620; BOWLING 13,658; CYCLING - 74; CROSS COUNTRY RUNNING 65; CROSS COUNTRY SKIING 33; EQUESTRIAN - 212; ESPORTS 56;FIGURE SKATING - 55; FITNESS 3,200; FLAG FOOTBALL 1,460; FLOOR BALL 7,996; SOCCER 7,502; GOLF 900; GYMNASTICS 1,075; HANDBALL 204; MATP 1,585; POWER LIFTING - 275; SNOW BOARDING - 5; SNOW SHOEING - 350; SOFTBALL 3,243; SWIMMING 1,275; TENNIS 2,270; TOP GOLF - 50 VOLLEYBALL 6,310; YOUNG ATHLETES 3,178; PROJECT UNIFY ATHLETES 8,280, PARTNERS 6,718.

Program 3

Expenses: $147,831

ATHLETE AND COACH'S EDUCATION AND HEALTH SERVICES: THE SONY 'HEALTHYATHLETES' PROGRAM OFFERED 2,138 HEALTH SCREENINGS THAT PROVIDED THEMWITH THE OPPORTUNITY TO MEET WITH HEALTH PROFESSIONALS ACROSS MULTIPLEDISCIPLINES INCLUDING: HEARING, DENTAL, OPTOMETRY, NUTRITION,OCCUPATIONAL THERAPY, PODIATRY, FITNESS, NUTRITION AND PHYSICAL THERAPYFOR THE PURPOSE OF EVALUATION AND CONSULTATION. SONY OFFERED AN'ATHLETE LEADERSHIP' PROGRAM FOR ATHLETES WHO ARE GAINING SKILLS ASPUBLIC SPEAKERS BY SHARING OUR SPECIAL OLYMPICS MOVEMENT THROUGH PUBLICOUTLETS. SONY ENGAGES A TOTAL OF 14,130 VOLUNTEERS; 7,081 WHO AREFORMALLY CERTIFIED AS COACHES. IN 2024, SONY HELD 390 VOLUNTEERTRAINING SESSIONS FOR A TOTAL OF 3,900 TRAINING HOURS. ALL CERTIFIED PERSONNEL RECEIVE A GENERAL ORIENTATION, A BACKGROUND CHECK, AND SPECIALIZED PROTECTIVE BEHAVIOR TRAINING. EACH CERTIFIED VOLUNTEER IS RECERTIFIED EVERY 3 YEARS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $7,072,379

Program Service Revenue $0

Investment Income $137,389

Other Revenue $4,821,160

TOTAL REVENUE $12,030,928

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,165,332

Fundraising Expenses $1,472,295

Program Expenses $12,250,756

Other Expenses $8,820,629

TOTAL EXPENSES $14,985,961

Year-over-Year Comparison

	2024	2023	Change
Revenue	$12,030,928	$10,681,166	+0.1%
Expenses	$14,985,961	$14,083,703	+0.1%
Net Income	$-2,955,033	$-3,402,537	-0.1%

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

14130

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

$400,967

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CEYLANE MEYERS-RUFF	CHAIR	0.50	Officer Director	$0	$0	$0
KAN KOTECHA	VICE CHAIR	0.50	Officer Director	$0	$0	$0
TODD NELSON	DIRECTOR	0.50	Director	$0	$0	$0
JAMES ROSENSTOCK	DIRECTOR	0.50	Director	$0	$0	$0
ADAM MERINO	TREASURER	0.50	Officer Director	$0	$0	$0
KERRI E NEIFIELD	DIRECTOR	0.50	Director	$0	$0	$0
PAUL ASARO	DIRECTOR	0.50	Director	$0	$0	$0
JOSEPH BELLUCK	DIRECTOR	0.50	Director	$0	$0	$0
MITCH COHEN	DIRECTOR	0.50	Director	$0	$0	$0
ROBERT S COHEN	DIRECTOR	0.50	Director	$0	$0	$0
ANISHAH CUMBER-TAJ	SECRETARY	0.50	Director	$0	$0	$0
MARIA MOLONEY	DIRECTOR(RESIGNED 9/2/24)	0.50	Director	$0	$0	$0
JOHN PREWASNICAK	DIRECTOR	0.50	Director	$0	$0	$0
DAVID KEIB	DIRECTOR	0.50	Director	$0	$0	$0
MARICELA BREA	DIRECTOR	0.50	Director	$0	$0	$0
DR ABRA CAROCI	DIRECTOR	0.50	Director	$0	$0	$0
KATHLEEN BROOKS	DIRECTOR	0.50	Director	$0	$0	$0
CHRISTINA FOTI	DIRECTOR	0.50	Director	$0	$0	$0
ELIAS LAMBROS	DIRECTOR	0.50	Director	$0	$0	$0
ANI MOONEY	DIRECTOR	0.50	Director	$0	$0	$0
GARY PIERRE	DIRECTOR	0.50	Director	$0	$0	$0
JESSICA SPITZ	DIRECTOR	0.50	Director	$0	$0	$0
RAY POLIKOSKI JR	VP FINANCE	40.00	Officer	$159,191	$7,952	$167,143
STACEY HENGSTERMAN	PRESIDENT & CEO	40.00	Officer	$223,060	$10,764	$233,824
RENEE SNYDER	VP OF DEVELOPMENT	40.00	Highest	$161,871	$4,565	$166,436
STEPHEN E FULLER	VP OF PROGRAMS	40.00	Highest	$138,917	$6,852	$145,769
DIANE COLONNA	VP OF DOWNSTATE PROGRAMS	40.00	Highest	$164,806	$7,686	$172,492
ROBYN ARMANDO	VP OF MARKETING & COMMUNIT	40.00	Highest	$117,139	$27,799	$144,938
CASEY L VATTIMO	SENIOR VP OF EXTERNAL RELA	40.00	Highest	$158,794	$7,587	$166,381

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	$12,030,928	$14,985,961	$8,767,770	$-2,955,033
2023	$10,681,166	$14,083,703	$8,276,390	$-3,402,537
2022	$10,383,699	$13,786,448	$9,257,716	$-3,402,749
2021	$8,184,813	$9,399,899	$6,197,099	$-1,215,086
2020	$6,352,604	$7,380,271	$4,976,698	$-1,027,667
2019	$8,335,720	$8,525,722	$5,013,884	$-190,002
2018	$7,808,855	$7,762,463	$4,803,197	$46,392