NEW YORK PROPANE GAS ASSOCIATION

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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

1948

Legal Domicile

Principal Officer

CHRISTINA ARMENTANO

Phone

8025586101

Tax Period

2023-01-01 to 2023-12-31

NEW YORK PROPANE GAS ASSOCIATION, founded in 1948, is a small nonprofit that reported $596K in total revenue in fiscal year 2023. Revenue fell 58% from the prior year — a significant decline worth monitoring. Expenses of $1000K exceeded revenue, resulting in a 68% operating deficit.

Mission

THE NEW YORK PROPANCE GAS ASSOCIATION (NYPGA) IS A MEMBER FOCUSED TRADE ORGANIZATION PROVIDING SERVICES THAT COMMUNICATE, EDUCATE AND PROMOTE THE PROPANE INDUSTRY IN NEW YORK.

Program Service Accomplishments

Program 1

EDUCATION AND TRAINING FOR MEMBERS TO REMAIN CURRENT ON REGULATIONS PERTAINING TO THE PROPANE INDUSTRY

Program 2

ADVERTISING AND MARKETING OF INFORMATION TO MEMBERS AND PUBLIC PERTAINING TO VERIOUS REBATE AND EMERGENCY REPSONSE PROGRAMS THROUGH NEWSLETTERS, MEMBERS PROVIDED LITERATURE TO BE MADE AVAILABLE TO...

ADVERTISING AND MARKETING OF INFORMATION TO MEMBERS AND PUBLIC PERTAINING TO VERIOUS REBATE AND EMERGENCY REPSONSE PROGRAMS THROUGH NEWSLETTERS, MEMBERS PROVIDED LITERATURE TO BE MADE AVAILABLE TO THE PUBLIC

Program 3

CONVENTIONS AND MEETINGS FURTHER ASSIST MEMBERS WITH LATEST DEVELOPMENTS IN THE PROPANE INDUSTRY, INCLUDING SAFETY AND TRAINING COURSES

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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 (2023)

Revenue Breakdown

Contributions & Grants $359,577

Program Service Revenue $233,198

Investment Income $189

Other Revenue $3,185

TOTAL REVENUE $596,149

Expense Breakdown

Grants Paid $218,008

Salaries & Benefits $120,095

Fundraising Expenses $0

Other Expenses $661,483

TOTAL EXPENSES $999,586

Year-over-Year Comparison

	2023	2022	Change
Revenue	$596,149	$1,429,406	-0.6%
Expenses	$999,586	$1,544,678	-0.4%
Net Income	$-403,437	$-115,272	+2.5%

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

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

$110,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATT MEEHAN	PRESIDENT	2.00	Officer Director	$0	$0	$0
CHRISTINA ARMENTANO	1ST VICE PRSIDENT	2.00	Officer Director	$0	$0	$0
CHRIST SACATURRO	2ND VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
PAUL WENDT	TREASURER	2.00	Officer Director	$0	$0	$0
TREVOR WENDT	SECRETARY/DIST #1&2 DIR.	2.00	Officer Director	$0	$0	$0
TIM JOHNSTON	IMMEDIATE PAST-PRESIDENT	2.00	Director	$0	$0	$0
RICK CUMMINGS	NATIONAL/STATE DIRECTOR	0.10	Director	$0	$0	$0
RICHARD LYNCH	DISTRICT #3 DIRECTOR	0.10	Director	$0	$0	$0
BRANDON SMITH	DISTRICT #4 DIRECTOR	0.10	Director	$0	$0	$0
JASON WESCOTT	DISTRICT #5 DIRECTOR	0.10	Director	$0	$0	$0
RITA SCHARMAN	DISTRICT #6 DIRECTOR	0.10	Director	$0	$0	$0
ROBERT NOLAN	DISTRICT #7 DIRECTOR	0.10	Director	$0	$0	$0
BEN MODEEN	DISTRICT #8 DIRECTOR	0.10	Director	$0	$0	$0
MIKE FOSTER	DISTRICT #9 DIRECTOR	0.10	Director	$0	$0	$0
DAVID KEAN	DISTRICT #10 DIRECTOR	0.10	Director	$0	$0	$0
MITCH PATTERSON	DISTRICT #11 DIRECTOR	0.10	Director	$0	$0	$0
TOM HYDE	DISTRICT #12 DIRECTOR	0.10	Director	$0	$0	$0
WILLIAM OVERBAUGH	EXECUTIVE DIRECTOR	40.00	Officer	$110,000	$0	$110,000

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	No data	No data	No data	No data
2023	$596,149	$999,586	$118,838	$-403,437
2022	$1,429,406	$1,544,678	$691,215	$-115,272
2021	$531,208	$558,115	$526,673	$-26,907
2020	$638,682	$752,112	$355,107	$-113,430
2019	$747,121	$736,660	$487,772	$10,461
2018	$679,048	$682,236	$449,864	$-3,188