NEW YORK THERAPY ANIMALS INC

EIN: 475171081 501(c)(3) Animal-Related

New York, NY

Total Revenue
$111,789
Total Expenses
$80,760
Total Assets
$148,132
Net Assets
$146,753
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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
2015
Legal Domicile
NY
Principal Officer
Nancy George-Michalson
Phone
2128677800
Tax Period
2023-07-01 to 2024-06-30

NEW YORK THERAPY ANIMALS INC, founded in 2015, is a small nonprofit in the Animal-Related sector that reported $112K in total revenue in fiscal year 2023. The organization ran a surplus of $31K, a strong 28% operating margin.

Mission

Healing and education through a human/animal connection.

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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 (2023)

Revenue Breakdown

Contributions & Grants $40,461
Program Service Revenue $71,328
Investment Income $0
Other Revenue $0
TOTAL REVENUE $111,789

Expense Breakdown

Grants Paid $0
Salaries & Benefits $29,467
Fundraising Expenses $0
Program Expenses $72,837
Other Expenses $51,293
TOTAL EXPENSES $80,760

Year-over-Year Comparison

2023 2022 Change
Revenue $111,789 $109,211 +0.0%
Expenses $80,760 $77,948 +0.0%
Net Income $31,029 $31,263 0.0%
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
5
Independent Members
4
Employees
1
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
0
$0
Total Directors
5
$42,956
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Nancy George-Michalson Executive Director 20
Director
$21,478 $21,478 $42,956
Philip Arnold Chairman 1
Director
$0 $0 $0
Edward W Meredith Treasurer / Director 1
Director
$0 $0 $0
Heidi Slayton Secretary / Director 1
Director
$0 $0 $0
Nicholas Wolferman Director 1
Director
$0 $0 $0
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
2025 No data No data No data No data
2024 $111,789 $80,760 $148,132 $31,029
2023 $109,211 $77,948 $116,604 $31,263
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