NEW YORK INDEPENDENT SYSTEM OPERATOR

EIN: 271623493 Mutual Benefit

DETROIT, MI

Total Revenue
$673,693
Total Expenses
$676,025
Total Assets
$5,321,822
Net Assets
$5,298,851
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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
2009
Legal Domicile
NY
Phone
3132229053
Tax Period
2024-01-01 to 2024-12-31

NEW YORK INDEPENDENT SYSTEM OPERATOR, founded in 2009, is a small nonprofit in the Mutual Benefit sector that reported $674K in total revenue in fiscal year 2024. Revenue surged 41% from the prior year, signaling strong growth momentum. Net assets of $5.3M represent 94 months of operating reserves.

Mission

NEW YORK INDEPENDENT SYSTEM OPERATOR INC. HAS ESTABLISHED A MEDICAL BENEFIT PLAN FOR ELIGIBLE RETIREES AND THEIR QUALIFIED DEPENDENTS.

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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 $259,859
Investment Income $413,834
Other Revenue $0
TOTAL REVENUE $673,693

Expense Breakdown

Grants Paid $0
Salaries & Benefits $5,225
Fundraising Expenses $0
Program Expenses $654,901
Other Expenses $15,899
TOTAL EXPENSES $676,025

Year-over-Year Comparison

2024 2023 Change
Revenue $673,693 $479,381 +0.4%
Expenses $676,025 $575,513 +0.2%
Net Income $-2,332 $-96,132 -1.0%
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
0
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A TRUSTEE N/A
$5,225 $0 $5,225
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 $673,693 $676,025 $5,321,822 $-2,332
2023 $479,381 $575,513 $5,337,011 $-96,132
2022 $356,622 $396,221 $5,399,190 $-39,599
2021 $985,401 $353,590 $5,440,348 $631,811
2020 $84,942 $459,384 $4,813,341 $-374,442
2019 $253,425 $304,274 $5,191,048 $-50,849
2018 $561,373 $526,920 $5,260,498 $34,453
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