ALBANY, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)NYSPIA HEALTH AND WELFARE FUND, founded in 2021, is a small nonprofit in the Mutual Benefit sector that reported $599K in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. The organization ran a surplus of $451K, a strong 75% operating margin.
THE TRUST FUND IS CREATED, ESTABLISHED AND MAINTAINED, AND THE TRUSTEES AGREE TO RECEIVE FUNDS FROM THE STATE OF NEW YORK AND TO HOLD IT AND ADMINISTER IT BY WAY OF SELF-ADMINISTRATION FOR THE PURPOSE OF PROVIDING AND MAINTAINING CERTAIN WELFARE BENEFITS FOR PARTICIPANTS AND MEMBERS AND DEFRAYING THE REASONABLE EXPENSES OF ADMINISTRATION OF THE PLAN IN ACCORDANCE WITH THE PROVISIONS SET FORTH HEREIN AND IN THE PLAN, AND TO DEVISE AND IMPLEMENT SUCH PROCEDURES AND PROGRAMS AS MAY BE NECESSARY OR FAVORABLE FROM TIME TO TIME TO FULFILL THE FOREGOING OBJECTIVES.
THE TRUSTEES HAVE ADOPTED THE MEDICAL EXPENSE REIMBURSEMENT PLAN (THE PLAN) TO PROVIDE FOR THE REIMBURSEMENT OF MEDICAL EXPENSES OF RETIRED EMPLOYEES. THE PLAN IS INTENDED TO QUALIFY AS A HEALTH...
THE TRUSTEES HAVE ADOPTED THE MEDICAL EXPENSE REIMBURSEMENT PLAN (THE PLAN) TO PROVIDE FOR THE REIMBURSEMENT OF MEDICAL EXPENSES OF RETIRED EMPLOYEES. THE PLAN IS INTENDED TO QUALIFY AS A HEALTH REIMBURSEMENT ARRANGEMENT AS DEFINED BY IRS NOTICE 2002-45. THE ORGANIZATION IS FUNDED BY EMPLOYER CONTRIBUTIONS REQUIRED UNDER PRIOR AND FUTURE COLLECTIVE BARGAINING AGREEMENTS. THE PLAN WILL BE ADMINISTERED BY THE TRUSTEES WITH ASSISTANCE FROM UNION STAFF.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $598,502 | $647,566 | -0.1% |
| Expenses | $147,761 | $16,002 | +8.2% |
| Net Income | $450,741 | $631,564 | -0.3% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| TIMOTHY DYMOND | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $20,000 |
| RONALD PIERONE JR | TRUSTEE - RESIGNED 2/2023 | 1.00 |
Director
|
$0 | $0 | $5,000 |
| WILLIAM DIAZ | TRUSTEE- START 2/2023 | 1.00 |
Director
|
$0 | $0 | $0 |
| ROBERT LOMBARDI | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $5,000 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $598,502 | $147,761 | $4,862,844 | $450,741 |
| 2022 | $647,566 | $16,002 | $3,957,867 | $631,564 |
| 2021 | $3,885,205 | $7,837 | $3,860,008 | $3,877,368 |
Compare NYSPIA HEALTH AND WELFARE FUND with other nonprofits in New York and across the country.