Westchester Center for the study o… - Form 990 Financial Data

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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

1974

Legal Domicile

Principal Officer

Janet Shimer Sylvia Steinert

Phone

9149977500

Tax Period

2023-01-01 to 2023-12-31

Westchester Center for the study of Psychoana, founded in 1974, is a small nonprofit in the Mental Health sector that reported $421K in total revenue in fiscal year 2023. Revenue surged 34% from the prior year, signaling strong growth momentum. Expenses of $368K left a modest 13% surplus.

Mission

ANALYSIS, PSYCHOTHERAPY AND EDUCATIONAL INSTITUTE

Program Service Accomplishments

Program 1

Expenses: $368,121

THE WESTCHESTER CENTER FOR THE STUDY OF PSYCHOANALYSIS AND PSYCHOTHERAPY IS AN EDUCATIONAL INSTITUTE DESIGNED TO PROVIDE ADVANCED TRAINING TO QUALIFIED PSYCHIATRISTS, PSYCHOLOGISTS, AND SOCIAL...

THE WESTCHESTER CENTER FOR THE STUDY OF PSYCHOANALYSIS AND PSYCHOTHERAPY IS AN EDUCATIONAL INSTITUTE DESIGNED TO PROVIDE ADVANCED TRAINING TO QUALIFIED PSYCHIATRISTS, PSYCHOLOGISTS, AND SOCIAL WORKERS IN THE THEORY AND PRACTICE OF PSYCHOANALYSIS AND PSYCHOTHERAPY. IT HAS BEEN CHARTERED BY THE REGENTS OF THE UNIVERSITY OF THE STATE OF NEW YORK SINCE 1974. THE TREATMENT SERVICE IS PART OF THE CLINICAL TRAINING PROGRAM OF WCSPP. IT PROVIDES PSYCHANALYSIS AND PSYCHANANLYTICALLY-ORIENTED PSYCHOTHERAPY. FEES ARE BASED ON A SLIDING SCALE, ALL THERAPISTS ARE LICENSED PROFESSIONALS ENGAGED IN POST-GRADUATE PSYCHOANALYTIC TRAINING OR GRADUATES OF OUR INTSTITUTE. ALL TREATMENT IS PROVIDED IN THE PRIVATE OFFICES OF THE INDIVIDUAL THERAPIST.

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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 $409,090

Investment Income $12,062

Other Revenue $0

TOTAL REVENUE $421,152

Expense Breakdown

Grants Paid $0

Salaries & Benefits $69,115

Fundraising Expenses $0

Program Expenses $368,121

Other Expenses $299,006

TOTAL EXPENSES $368,121

Year-over-Year Comparison

	2023	2022	Change
Revenue	$421,152	$313,403	+0.3%
Expenses	$368,121	$291,754	+0.3%
Net Income	$53,031	$21,649	+1.4%

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

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

Total Directors

$17,140

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
JANET SHIMER	EXECUTIVE DIRECTOR	Director	$4,270	$0	$4,270
SYLVIA STEINERT	EXECUTIVE DIRECTOR	Director	$4,270	$0	$4,270
DEBRA LILIENFELD	DIRECTOR	Director	$2,700	$0	$2,700
ANDREA SMITH	DIRECTOR	Director	$2,700	$0	$2,700
CARLOTTA BERG HANSON	DIRECTOR	Director	$1,200	$0	$1,200
STEWART CRANE	BOARD OF TRUSTEES	Director	$1,000	$0	$1,000
JUDY ADAMO	DIRECTOR	Director	$1,000	$0	$1,000
ELLIOT ADLER	TRUSTEE	Director	$0	$0	$0
HELEN ADLER	TRUSTEE	Director	$0	$0	$0
DIANE CASPE	TRUSTEE CCURRICULUM COMMI	Director	$0	$0	$0
GEORGE GOLDSTEIN	TRUSTEE CO- DIRECTOR	Director	$0	$0	$0
ARNOLD ZINMAN	TRUSTEE	Director	$0	$0	$0
STEVEN SPITZ	TRUSTEE	Director	$0	$0	$0
CHRIS NARDOZZI	BOARD OF TRUSTEES	Director	$0	$0	$0
JUDITH ADAMO	BOARD OF TRUSTEES	Director	$0	$0	$0
BILHA GOLDBERG	BOARD OF TRUSTEES	Director	$0	$0	$0
JANET ZUCKERMAN	TRUSTEE	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$421,152	$368,121	$495,053	$53,031
2022	$313,403	$291,754	$430,569	$21,649
2021	$287,274	$217,145	$431,192	$70,129
2020	$258,657	$247,515	$416,317	$11,142
2019	$291,485	$295,244	$405,690	$-3,759
2018	$282,934	$281,627	$409,948	$1,307

Westchester Center for the study of Psychoana