NYDESIGN INC (EIN 871183988) - 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

2021

Legal Domicile

Principal Officer

LAMAR HILL

Phone

5188525797

Tax Period

2024-07-01 to 2025-06-30

NYDESIGN INC, founded in 2021, is a small nonprofit in the Employment sector that reported $400K in total revenue in fiscal year 2024. Revenue surged 14294% from the prior year, signaling strong growth momentum. The organization ran a surplus of $61K, a strong 15% operating margin.

Mission

NYDESIGN SEEKS TO DEMOCRATIZE ACCESS ACROSS NEW YORK TO THE SKILLS AND TOOLS NECESSARY FOR CREATORS TO DESIGN, FABRICATE AND VERIFY THEIR OWN INTEGRATED CIRCUITS, BEGINNING WITH UNIVERSITY STUDENTS AS A PROOF-OF-CONCEPT. ADDITIONALLY, NYDESIGN WILL ORGANIZE, ATTRACT, ATTRACT AND GROW A IC DESIGN REGIONAL CLUSTER HEADQUARTERED IN TROY NY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $400,000

Program Service Revenue $0

Investment Income $15

Other Revenue $0

TOTAL REVENUE $400,015

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $158,830

Other Expenses $338,925

TOTAL EXPENSES $338,925

Year-over-Year Comparison

	2024	2023	Change
Revenue	$400,015	$2,779	+142.9%
Expenses	$338,925	$220,627	+0.5%
Net Income	$61,090	$-217,848	-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
PETER KEHOE	SECRETARY	1.00	Officer Director	$0	$0	$0
PATRICIA BENGRAFF	TREASURER	1.00	Officer Director	$0	$0	$0
MARK REYNOLDS	BOARD MEMBER	1.00	Director	$0	$0	$0
LAMAR HILL	EXECUTIVE DIRECTOR	1.00	Officer Director	$0	$0	$0
DAVID ROONEY	EXECUTIVE DIRECTOR	1.00	Officer Director	$0	$0	$0
TIMOTHY THOMAS	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBERT MAINS	BOARD MEMBER	1.00	Director	$0	$0	$0
PAUL KELLY	BOARD CHAIR	1.00	Director	$0	$0	$0
WILLIAM BRONNER	BOARD MEMBER	1.00	Director	$0	$0	$0
RICH GOLDMAN	BOARD MEMBER	1.00	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	$400,015	$338,925	$113,212	$61,090
2024	$2,779	$220,627	$18,857	$-217,848
2023	$1,960	$350,217	$230,982	$-348,257
2023	$1,960	$351,884	$229,315	$-349,924
2022	$625,000	$158,996	$466,004	$466,004
2022	$725,000	$151,497	$573,503	$573,503

NYDESIGN INC