LAWSUIT REFORM ALLIANCE OF NEW YORK INC (EIN 272954474) - 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

2010

Legal Domicile

Principal Officer

STEVEN DYKI

Phone

5185125265

Tax Period

2024-01-01 to 2024-12-31

LAWSUIT REFORM ALLIANCE OF NEW YORK INC, founded in 2010, is a community nonprofit in the Public & Societal Benefit sector that reported $1.1M in total revenue in fiscal year 2024. Revenue surged 65% from the prior year, signaling strong growth momentum. The organization ran a surplus of $404K, a strong 37% operating margin.

Mission

THE LAWSUIT REFORM ALLIANCE OF NEW YORK IS A BROAD BASED COALITION OF HARDWORKING NEW YORK BUSINESS LEADERS, PROFESSIONALS AND TAXPAYERS WHO ARE COMMITTED TO CHANGING NEW YORK'S BURDENSOME AND EXPENSIVE LEGAL SYSTEM TO HELP CREATE MORE JOBS AND ENERGIZE OUR STATE'S ECONOMY

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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 $1,044,073

Program Service Revenue $0

Investment Income $5,384

Other Revenue $36,782

TOTAL REVENUE $1,086,239

Expense Breakdown

Grants Paid $0

Salaries & Benefits $367,709

Fundraising Expenses $37,996

Program Expenses $562,816

Other Expenses $314,677

TOTAL EXPENSES $682,386

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,086,239	$656,922	+0.7%
Expenses	$682,386	$612,228	+0.1%
Net Income	$403,853	$44,694	+8.0%

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

Volunteers

100

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

$233,647

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SETH LAMONT	TREASURER	1.00	Officer Director	$0	$0	$0
MICHAEL ELMENDORF	VICE-CHAIRMAN	1.00	Officer Director	$0	$0	$0
FLOYD HOLLOWAY	SECOND VICE-CHAIR	1.00	Officer Director	$0	$0	$0
KRISTINA BALDWIN	DIRECTOR	1.00	Director	$0	$0	$0
KENT DIEBOLT	DIRECTOR	1.00	Director	$0	$0	$0
STEVE DYKI	CHAIRMAN AND PRESIDENT	1.00	Officer Director	$0	$0	$0
LISA MCGRAW	DIRECTOR	1.00	Director	$0	$0	$0
MAIREAD MENSCHING	DIRECTOR	1.00	Director	$0	$0	$0
CARL HUM	DIRECTOR	1.00	Director	$0	$0	$0
SANDRA OGLESBY	DIRECTOR	1.00	Director	$0	$0	$0
KATE TALLEY	DIRECTOR	1.00	Director	$0	$0	$0
MELISSA BROWN	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT HOBSON	DIRECTOR	1.00	Director	$0	$0	$0
RACHELLE MORTIMER	DIRECTOR	1.00	Director	$0	$0	$0
ASHLEY RANSLOW	DIRECTOR	1.00	Director	$0	$0	$0
JOHN LOMBARDO	DIRECTOR	1.00	Director	$0	$0	$0
TOM HYMAN	DIRECTOR	1.00	Director	$0	$0	$0
TOM STEBBINS	EXECUTIVE DIRECTOR	40.00	Officer	$202,640	$31,007	$233,647

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	$1,086,239	$682,386	$749,664	$403,853
2023	$656,922	$612,228	$349,969	$44,694
2023	$656,922	$612,228	$349,969	$44,694
2022	$712,181	$724,670	$302,666	$-12,489
2021	$438,678	$375,823	$316,688	$62,855
2020	$375,984	$397,611	$250,751	$-21,627
2019	$449,005	$494,890	$272,378	$-45,885
2018	$630,280	$502,584	$318,263	$127,696

LAWSUIT REFORM ALLIANCE OF NEW YORK INC