NEW YORK STATE NURSES ASSOC WELFARE PLAN FOR NYC EMPLOYED REGISTERED NURSES

EIN: 237444482

NEW YORK, NY

Total Revenue
$20,794,693
Total Expenses
$21,451,915
Total Assets
$51,948,235
Net Assets
$49,990,756
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1974
Legal Domicile
NY
Principal Officer
JOHN BARRETT
Phone
5187829400
Tax Period
2024-07-01 to 2025-06-30

NEW YORK STATE NURSES ASSOC WELFARE PLAN FOR NYC EMPLOYED REGISTERED NURSES, founded in 1974, is a mid-sized nonprofit that reported $20.8M in total revenue in fiscal year 2024. Revenue surged 23% from the prior year, signaling strong growth momentum. Net assets of $50.0M represent 29 months of operating reserves.

Mission

THE ORGANIZATION PROVIDES VARIOUS HEALTH AND DISABILITY BENEFITS TO ITS PARTICIPANTS, WHO ARE REGISTERED PROFESSIONAL NURSES EMPLOYED BY THE NEW YORK CITY HEALTH + HOSPITALS CORPORATION, MAYORAL AGENCIES, CITY UNIVERSITY OF NEW YORK AND RELATED PUBLIC EMPLOYERS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $17,102,077
Investment Income $3,692,616
Other Revenue $0
TOTAL REVENUE $20,794,693

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $1,004,481
TOTAL EXPENSES $21,451,915

Year-over-Year Comparison

2024 2023 Change
Revenue $20,794,693 $16,933,118 +0.2%
Expenses $21,451,915 $17,542,820 +0.2%
Net Income $-657,222 $-609,702 +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
5
Independent Members
5
Employees
N/A
Volunteers
5

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
0
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JUDITH CUTCHIN DNP RN TRUSTEE 1.00
Director
$0 $0 $0
MELROSE JUANNAH RN TRUSTEE 1.00
Director
$0 $0 $0
NANCY D'LEEMA RN TRUSTEE 1.00
Director
$0 $0 $0
JALISA SAUD DNP NP TRUSTEE 1.00
Director
$0 $0 $0
NICOLE MCEWEN RN TRUSTEE 1.00
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
2025 $20,794,693 $21,451,915 $51,948,235 $-657,222
2024 $16,933,118 $17,542,820 $51,852,336 $-609,702
2023 $15,389,325 $15,606,044 $50,619,039 $-216,719
2022 $17,141,053 $15,782,015 $49,705,584 $1,359,038
2021 $16,589,203 $15,246,996 $55,197,320 $1,342,207
2020 $18,057,966 $15,089,764 $47,919,683 $2,968,202
2019 $16,932,984 $15,580,887 $44,879,029 $1,352,097
2018 $15,554,663 $14,245,785 $42,328,615 $1,308,878
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