NEW YORK, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
TO MANAGE THE AFFFAIRS OF THE NOT-FOR-PROFIT CORPORATION BY ASSESSING AND COLLECTING MONIES FROM MEMBER ORGANIZATIONS FOR THE PURPOSE OF OBTAINING A POLICY OF INSURANCE TO BE USED TO PROVIDE WORKERS' COMPENSATION BENEFITS TO LIVERY & BLACK CAR DRIVERS WHO QUALIFY FOR BENFITS UNDER ARTICLE 6-G OF THE EXECUTIVE LAW OF THE STATE OF NEW YORK.
1. SUCCESSFULLY CONTINUED TO OPERATE UNDER THE PLAN OF OPERATION FOR WHICH THE BOARD OF DIRECTORS EXERCISED ITS STATUTORY POWERS IN ACCORDANCE WITH THE PROVISIONS OF ARTICLE 6-G OF TEH EXECUTIVE LAW...
1. SUCCESSFULLY CONTINUED TO OPERATE UNDER THE PLAN OF OPERATION FOR WHICH THE BOARD OF DIRECTORS EXERCISED ITS STATUTORY POWERS IN ACCORDANCE WITH THE PROVISIONS OF ARTICLE 6-G OF TEH EXECUTIVE LAW OF THE STATE OF NEW YORK;2. SUCCESSFULLY MAINTAINED AN ESTABLISHED FORMULA FOR ASSESSING MEMBER ORGANIZATIONS IN ACCORDANCE WITH ARTICLE 6-G, SECTION 160-CCC;3. SUCCESSFULLY CONTINUED TO COLLECT MONIES FROM MEMBER ORGANIZATIONS AND USED SUCH FUNDS, IN ACCORDANCE WITH SECTION 160-DDD, BY RENEWING A POLICY OF INSURANCE WHICH IS TO PROVIDE WORKERS' COMPENSATION BENEFITS TO LIVERY DRIVERS WHO QUALIFY FOR SUCH UNDER THE TERMS OF THE LAW;4. SUCCESSFULLY CONTINUED TO OPERATE IN ACCORDANCE WITH SECTION 160-GGG, BY ENSURING THE FAIR, REASONABLE AND EQUITABLE ADMINISTRATION OF THE FUNDS OF TEH NOT-FOR-PROFIT CORPORATION;5. SUCCESSFULLY INITIATED AN OUTREACH PROGRAM TO BETTER EDUCATE MEMBER ORGANIZATIONS ON THE REASON FOR COMPLIANCE WITH THE LAW;6. SUCCESSFULLY CONTRIBUTED TO THE MAINTENANCE OF HIGH LEVELS OF COMPLIANCE OF MEMBER ORGANIZATIONS;7. SUCCESSFULLY ENABLED THE NEW YORK STATE UNINSURED EMPLOYERS FUND TO SIGNIFICANTLY DECREASE THE MONIES IT PAID TO PREVIOUSLY UNINSURED CLAIMANTS;8. SUCCESSFULLY CONTINUED TO ENABLE LIVERY DRIVERS TO OPBTAIN BENEFITS THEY ARE ENTITLED TO IN A QUICKER AND MORE EFFICIENT MANNER.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
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