NEW YORK INDEPENDENT SYSTEM OPERAT… - 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

2009

Legal Domicile

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.

Program Service Accomplishments

Program 1

Expenses: $654,901

PROVIDES MEDICAL INSURANCE BENEFITS TO ALL ELIGIBLE RETIREES AND THEIR QUALIFIED DEPENDENTS OF NEW YORK INDEPENDENT SYSTEM OPERATOR INC.

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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 (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

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

Total Directors

Key Employees

Highest Compensated

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

NEW YORK INDEPENDENT SYSTEM OPERATOR