NEW YORK MEDICAL CANNABIS INDUSTRY ASSOCIATION INC (EIN 821950075) - 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

2016

Legal Domicile

Principal Officer

LYNSI SHECKLER

Phone

9176876106

Tax Period

2023-01-01 to 2023-12-31

NEW YORK MEDICAL CANNABIS INDUSTRY ASSOCIATION INC, founded in 2016, is a small nonprofit in the Community Improvement sector that reported $568K in total revenue in fiscal year 2023.

Mission

THE INDUSTRY ASSOCIATION WAS FORMED AS AN ENTITY TO SAFEGUARD THE TRADE INTERESTS OF MEMBERS AND ENCOURAGE DIALOGUE AND COLLABORATION AMONG NEW YORK STATE'S REGISTERED ORGANIZATIONS AND TO ADVOCATE ON REGULATORY AND LEGISLATIVE MATTERS PERTAINING TO THE STATE'S MEDICAL MARIJUANA PROGRAM. THE EFFORTS OF THE ASSOCIATION WILL INCLUDE EDUCATING THE PUBLIC, MEDICAL PROFESSIONALS AND LAWMAKERS ON THE LEGAL MEDICAL USES OF MARIJUANA. 100% OF THE ASSOCIATION'S TIME WILL BE SPENT IN THIS ACTIVITY.

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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 $567,500

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $567,500

Expense Breakdown

Grants Paid $57,000

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $535,113

TOTAL EXPENSES $592,113

Year-over-Year Comparison

	2023	2022	Change
Revenue	$567,500	$580,000	0.0%
Expenses	$592,113	$487,298	+0.2%
Net Income	$-24,613	$92,702	-1.3%

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRYAN MURRAY	CHAIR	1.00	Officer Director	$0	$0	$0
JEREMY UNRUH	VICE CHAIR	1.00	Officer Director	$0	$0	$0
DON WILLIAMS	VICE CHAIR	1.00	Officer Director	$0	$0	$0
NGISTE ABEBE	VICE CHAIR	1.00	Officer Director	$0	$0	$0
FRANK TICE	VICE CHAIR	1.00	Officer Director	$0	$0	$0
BRANDON NEMEC	TREASURER	1.00	Officer Director	$0	$0	$0
REBECCA BROWN	SECRETARY	1.00	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
2024	No data	No data	No data	No data
2023	$567,500	$592,113	$370,660	$-24,613
2022	$580,000	$487,298	$419,845	$92,702
2021	$582,000	$696,600	$340,594	$-114,600
2020	$650,000	$277,850	$418,119	$372,150
2019	$715,000	$673,130	$71,469	$41,870

NEW YORK MEDICAL CANNABIS INDUSTRY ASSOCIATION INC