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 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.

Program Service Accomplishments

Program 1
Expenses: $45,476 Revenue: $27,852

COMPREHENSIVE EDUCATION AND TRAINING PROGRAM includes Handler Workshops, Therapy Dog Training Classes, Team Assessments and Continuing Education Curriculum: New York Therapy Animals is the New York...

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COMPREHENSIVE EDUCATION AND TRAINING PROGRAM includes Handler Workshops, Therapy Dog Training Classes, Team Assessments and Continuing Education Curriculum: New York Therapy Animals is the New York City affiliate of Intermountain Therapy Animals. We recruit, educate, train and mentor interested people along with their own well-mannered dog who meet the requirements for our practical application curriculum. Upon successful completion by the handler and the dog of our seven-week training program series, they become a trained, licensed and insured therapy dog team exclusive with our organization. The team has qualified for volunteer placement opportunities with our extensive healthcare and educational venues, and for wellness programs in universities, corporations, and other community events and activities. Our teaching methods promote healthy relationships through humane education and skilled teaching procedures.

Program 2
Expenses: $27,361 Revenue: $43,476

THERAPY DOG TEAM PROGRAMS: New York Therapy Animals 160 therapy dog teams bring comfort, support and smiles to people within the NYC and Westchester communities in more than 250 venues. Our unique...

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THERAPY DOG TEAM PROGRAMS: New York Therapy Animals 160 therapy dog teams bring comfort, support and smiles to people within the NYC and Westchester communities in more than 250 venues. Our unique services benefit hospitals, healthcare, assisted living and Alzheimer's facilities, shelters, children and adults with special needs, socio-emotional mental health challenges, humane education components, and student, office, and corporate wellness stress-relief interactions. Environments and lives are transformed by sharing a distinctive, attentive and compassionate kind of healing through supportive therapy dog teams to people in need. Our animal-assisted interactive community programs serve people of all ages in various socio-economic matters in areas of physical, occupational, speech and psychotherapies and special education. New York Therapy Animals is the official NY affiliate for the Reading Education Assistance Dogs(R) R.E.A.D. (R) children's literacy support program in schools and libraries. This program is a successful motivator with a strong academic influence to touch-tackle the nervous aspects of reading. Striving readers read 1:1 to the non-judgmental therapy dog in a safe atmosphere with the assistance of their human partner who guides fluency and comprehension. Statistics show this program to be effective in improving students test scores, elevating reading levels, and enhancing social skills and self-confidence. Benefits of interacting with a therapy dog include lowering blood pressure and stress and anxiety levels with significant measurable feelings of relaxation.

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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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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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