NEW YORK INDEPENDENT LIVERY DRIVER BENEFIT FUND (EIN 263373401) - Form 990 Financial Analysis & Trantor Score

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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

2008

Legal Domicile

Principal Officer

AVIK KABESSA

Phone

2124612244

Tax Period

2023-01-01 to 2023-12-31

NEW YORK INDEPENDENT LIVERY DRIVER BENEFIT FUND, founded in 2008, is a community nonprofit in the Mutual Benefit sector that reported $1.5M in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year. Expenses of $1.6M exceeded revenue, resulting in a 10% operating deficit.

Mission

NEW YORK STATE LEGISLATIVELY CREATED & SPONSORED WORKERS' COMPENSATION INSURANCE BENEFITS 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,428,693

Investment Income $46,079

Other Revenue $0

TOTAL REVENUE $1,474,772

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,200

Fundraising Expenses $0

Other Expenses $1,625,135

TOTAL EXPENSES $1,626,335

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,474,772	$1,588,272	-0.1%
Expenses	$1,626,335	$1,687,067	0.0%
Net Income	$-151,563	$-98,795	+0.5%

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

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

$800

Total Directors

$1,200

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AVIK KABESSA	CHAIRMAN	4.00	Officer Director	$400	$0	$400
ALAN PLAFKER	TREASURER	4.00	Officer Director	$400	$0	$400
ARACELY MEDRANDA-KUSZEL	BOARD MEMBER	4.00	Director	$400	$0	$400

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	$1,474,772	$1,626,335	$1,939,701	$-151,563
2022	$1,588,272	$1,687,067	$2,177,238	$-98,795
2021	$15,832	$2,529,498	$2,287,804	$-2,513,666
2020	$744,899	$2,288,588	$4,199,284	$-1,543,689
2019	$2,729,474	$2,658,376	$5,329,065	$71,098
2018	$3,729,542	$3,075,847	$5,253,778	$653,695

NEW YORK INDEPENDENT LIVERY DRIVER BENEFIT FUND