SUFFOLK ASSOCIATION OF INSURANCE & FINANCIAL ADVISORS INC

EIN: 237137825

ALBANY, NY

Total Revenue
$797
Total Expenses
$17,430
Total Assets
$119,322
Net Assets
$119,322
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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
1950
Legal Domicile
NY
Principal Officer
THOMAS PALMERI
Phone
5189151661
Tax Period
2018-07-01 to 2019-06-30

SUFFOLK ASSOCIATION OF INSURANCE & FINANCIAL ADVISORS INC, founded in 1950, is a micro nonprofit that reported $797 in total revenue in fiscal year 2018. Revenue surged 23% from the prior year, signaling strong growth momentum. Expenses of $17K exceeded revenue, resulting in a 2087% operating deficit.

Mission

TO PROVIDE CONTINUING EDUCATION FOR IT'S MEMBERS.

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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 (2018)

Revenue Breakdown

Contributions & Grants $250
Program Service Revenue $0
Investment Income $417
Other Revenue $130
TOTAL REVENUE $797

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $15,225
Other Expenses $17,430
TOTAL EXPENSES $17,430

Year-over-Year Comparison

2018 2017 Change
Revenue $797 $650 +0.2%
Expenses $17,430 $19,422 -0.1%
Net Income $-16,633 $-18,772 -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

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Governance

Voting Members
1
Independent Members
1
Employees
N/A
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
1
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
THOMAS PALMERI PRESIDENT 2.00
Officer
$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
2019 $797 $17,430 $119,322 $-16,633
2018 $650 $19,422 $135,955 $-18,772
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