NEW YORK STATE COURT CLERKS ASSOCIATION RETIREES SEC BEN FUND (EIN 510182771) - 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

1976

Legal Domicile

Principal Officer

MICHAEL GREICO

Phone

2129415700

Tax Period

2023-01-01 to 2023-12-31

NEW YORK STATE COURT CLERKS ASSOCIATION RETIREES SEC BEN FUND, founded in 1976, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year. Expenses of $1.9M exceeded revenue, resulting in a 15% operating deficit.

Mission

THE FUND WAS ESTABLISHED FOR THE EXCLUSIVE PURPOSES OF PROVIDING HEALTH AND WELFARE BENEFITS FOR ELIGIBLE PERSONS AND THE PAYMENT OF THE EXPENSES OF OPERATION AND ADMINISTRATION OF THE FUND.

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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 $0

Program Service Revenue $1,525,650

Investment Income $89,247

Other Revenue $0

TOTAL REVENUE $1,614,897

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $196,126

TOTAL EXPENSES $1,857,014

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,614,897	$1,789,062	-0.1%
Expenses	$1,857,014	$1,625,150	+0.1%
Net Income	$-242,117	$163,912	-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

N/A

Employees

N/A

Volunteers

N/A

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

$24,990

Total Directors

$39,690

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL GREICO	CHAIRMAN	1.00	Officer Director	$0	$0	$9,990
JENNIFER MURPHY	CO-CHAIRMAN	1.00	Officer Director	$0	$0	$9,000
IMOGENE JONES	Past CHAIRMAN	1.00	Officer Director	$0	$0	$6,000
BRIAN HAMERMAN	Trustee	1.00	Director	$0	$0	$2,100
DONNA ORR	Trustee	1.00	Director	$0	$0	$2,100
Joseph LYDON	Trustee	1.00	Director	$0	$0	$2,100
ANTHONY DISTEFANO	Trustee	1.00	Director	$0	$0	$2,100
RENEE SEELEY	Trustee	1.00	Director	$0	$0	$2,100
JUANITA JORDAN	Trustee	1.00	Director	$0	$0	$2,100
IRENE LARACUENTA	Past Trustee	1.00	Director	$0	$0	$1,050
AVERELL GOLUB	Trustee	1.00	Director	$0	$0	$1,050

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	$1,614,897	$1,857,014	$3,478,312	$-242,117
2022	$1,789,062	$1,625,150	$3,340,649	$163,912
2022	$1,789,062	$1,625,150	$3,340,649	$163,912
2021	$1,570,241	$1,412,271	$3,607,169	$157,970
2020	$1,444,348	$1,150,804	$3,346,642	$293,544
2019	$1,414,395	$1,239,772	$2,858,039	$174,623
2018	$1,371,301	$1,158,194	$2,537,243	$213,107

NEW YORK STATE COURT CLERKS ASSOCIATION RETIREES SEC BEN FUND