NEW YORK, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)RELATED PARTNERS INC SALARY REDUCTION WELFARE BENEFIT TRUST, founded in 2010, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2019. Revenue fell 94% from the prior year — a significant decline worth monitoring. Expenses of $3.6M exceeded revenue, resulting in a 169% operating deficit.
TO PROVIDE WELFARE BENEFITS FOR THOSE EMPLOYEES OF THE CORPORATION, PARTICIPATING AFFILIATES AND THEIR ELIGIBLE DEPENDENTS COVERED BY THE PLAN.
THE ORGANIZATION PROVIDES A FUNDING VEHICLE FOR THE RELATED PARTNERS, INC. GROUP BENEFIT, MEDICAL REIMBURSEMENT AND DEPENDENT CARE ASSISTANCE PLANS (THE "PLANS"). THE PLANS ARE EMPLOYEE WELFARE...
THE ORGANIZATION PROVIDES A FUNDING VEHICLE FOR THE RELATED PARTNERS, INC. GROUP BENEFIT, MEDICAL REIMBURSEMENT AND DEPENDENT CARE ASSISTANCE PLANS (THE "PLANS"). THE PLANS ARE EMPLOYEE WELFARE BENEFIT PLANS THAT PROVIDE MEDICAL, DENTAL, VISION, LONG-TERM DISABILITY AND CAFETERIA PLAN BENEFITS TO ELIGIBLE EMPLOYEES OF THE PLAN SPONSOR. THE ORGANIZATION SPENDS 100% OF ITS TIME ON THESE ACTIVITIES. THE BENEFITS PROVIDED BY THE ORGANIZATION WILL AT ALL TIMES BE LIMITED TO THOSE ALLOWED UNDER SECTION 501(C)(9) OF THE INTERNAL REVENUE CODE AND THE REGULATIONS THEREUNDER.
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)| 2019 | 2018 | Change | |
|---|---|---|---|
| Revenue | $1,323,101 | $21,663,205 | -0.9% |
| Expenses | $3,558,528 | $33,050,438 | -0.9% |
| Net Income | $-2,235,427 | $-11,387,233 | -0.8% |
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 |
|---|---|---|---|---|---|---|
| DAVID ZUSSMAN | CHIEF FINANCIAL OFFICER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| DAVID DISTASO | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| RUTH FERGUSON | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2020 | $1,323,101 | $3,558,528 | No data | $-2,235,427 |
| 2019 | $21,663,205 | $33,050,438 | $5,962,377 | $-11,387,233 |
| 2018 | $29,462,135 | $26,785,006 | $16,258,348 | $2,677,129 |
Compare RELATED PARTNERS INC SALARY REDUCTION WELFARE BENEFIT TRUST with other nonprofits in New York and across the country.