SOCIETY OF NEW YORK WORKERS COMPENSATION BAR ASSOCIATION INC (EIN 800012302) - 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

2001

Legal Domicile

Principal Officer

BRIAN SIMEONE

Phone

2124313000

Tax Period

2025-01-01 to 2025-12-31

SOCIETY OF NEW YORK WORKERS COMPENSATION BAR ASSOCIATION INC, founded in 2001, is a small nonprofit in the Crime & Legal sector that reported $185K in total revenue in fiscal year 2025. Revenue decreased 6% compared to the prior year.

Mission

TO PROMOTE THE BETTERMENT FOR INDUSTRY INJURED WORKERS IN NEW YORK STATE AND TO PROVIDE EDUCATIONAL PROGRAMS FOR THE MEMBERS

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $4,500

Investment Income $0

Other Revenue $180,415

TOTAL REVENUE $184,915

Expense Breakdown

Grants Paid $83,100

Salaries & Benefits $0

Fundraising Expenses $1,666

Program Expenses $181,102

Other Expenses $108,808

TOTAL EXPENSES $191,908

Year-over-Year Comparison

	2025	2024	Change
Revenue	$184,915	$195,690	-0.1%
Expenses	$191,908	$203,063	-0.1%
Net Income	$-6,993	$-7,373	-0.1%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
MONA SARMADI	PRESIDENT	Officer Director	$0	$0	$0
NOAH PASSER	VICE PRESIDENT	Officer Director	$0	$0	$0
BRIAN SIMEONE	TREASURER	Officer Director	$0	$0	$0
JASON SMOLLER	FINANCIAL SECRETARY	Officer 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	$184,915	$191,908	$16,383	$-6,993
2024	$195,690	$203,063	$23,376	$-7,373
2023	$179,191	$183,812	$33,749	$-4,621
2022	$179,468	$179,729	$35,370	$-261
2021	$132,145	$146,649	$35,631	$-14,504
2020	$16,200	$9,631	$50,135	$6,569
2019	$154,294	$143,308	$43,566	$10,986
2018	$145,069	$147,920	$32,580	$-2,851

SOCIETY OF NEW YORK WORKERS COMPENSATION BAR ASSOCIATION INC