THE NEW YORK CLIMATE EXCHANGE INC (EIN 923384115) - 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

2023

Legal Domicile

Principal Officer

ANDREA GOLDSMITH

Phone

2187708121

Tax Period

2024-07-01 to 2025-06-30

THE NEW YORK CLIMATE EXCHANGE INC, founded in 2023, is a mid-sized nonprofit in the Environment sector that reported $21.2M in total revenue in fiscal year 2024. Revenue fell 81% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $13.4M, a strong 63% operating margin.

Mission

OUR MISSION IS TO ADDRESS CLIMATE AND JUSTICE CHALLENGES THROUGH SCALABLE URBAN SOLUTIONS.

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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 $20,286,819

Program Service Revenue $20,250

Investment Income $0

Other Revenue $890,602

TOTAL REVENUE $21,197,671

Expense Breakdown

Grants Paid $2,000

Salaries & Benefits $5,142,246

Fundraising Expenses $1,649,939

Program Expenses $4,924,245

Other Expenses $2,213,475

TOTAL EXPENSES $7,809,246

Year-over-Year Comparison

	2024	2023	Change
Revenue	$21,197,671	$110,664,793	-0.8%
Expenses	$7,809,246	$8,841,961	-0.1%
Net Income	$13,388,425	$101,822,832	-0.9%

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

Volunteers

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

$460,700

Total Directors

Key Employees

$711,494

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD MCCORMICK	CHAIR UNTIL 05/2025	3.00	Officer Director	$0	$0	$0
ANDREA GOLDSMITH	CHAIR AS OF 06/2025	3.00	Officer Director	$0	$0	$0
ROBERT STEEL	VICE CHAIR AS OF 08/2024	2.00	Director	$0	$0	$0
CHAOUKI ABDALLAH	VICE-CHAIR UNTIL 09/2024	2.00	Officer Director	$0	$0	$0
JED SHIVERS	TREASURER	2.00	Officer Director	$0	$0	$0
FRANCES BRONET	SECRETARY	2.00	Officer Director	$0	$0	$0
SCOTT BARRETT	DIRECTOR	0.50	Director	$0	$0	$0
WILLIAM BOULDING	DIRECTOR UNTIL 08/2024	0.50	Director	$0	$0	$0
ERROL COCKFIELD	DIRECTOR	0.50	Director	$0	$0	$0
GIOVANNI FASSIO	DIRECTOR	0.50	Director	$0	$0	$0
JUSTIN FINCHER	DIRECTOR	0.50	Director	$0	$0	$0
ADAM FREED	DIRECTOR	0.50	Director	$0	$0	$0
JUDITH GREIMAN	DIRECTOR	0.50	Director	$0	$0	$0
FRANK HODGE	DIRECTOR	0.50	Director	$0	$0	$0
MARVIN KRISLOV	DIRECTOR	0.50	Director	$0	$0	$0
JEROME LYNCH	DIRECTOR	0.50	Director	$0	$0	$0
JUSTINA NIXON-SAINTIL	DIRECTOR	0.50	Director	$0	$0	$0
RYNE RAFAELLE	DIRECTOR	0.50	Director	$0	$0	$0
DAMARIS REYES	DIRECTOR	0.50	Director	$0	$0	$0
EUAN W ROBERTSON	DIRECTOR	0.50	Director	$0	$0	$0
BERIL TOKTAY	DIRECTOR	0.50	Director	$0	$0	$0
MAYA TOLSTOY	DIRECTOR UNTIL 06/2025	0.50	Director	$0	$0	$0
STEPHEN HAMMER	EXECUTIVE DIRECTOR & CEO	40.00	Officer	$439,677	$21,023	$460,700
ANDREW WINTERS DIR OF CAP	PROJECTS, PLANNING,& DEVELOPMENT	40.00	Key Emp	$384,915	$49,504	$434,419
KEECHA GARDNER	CHIEF ADVANCEMENT OFFICER	40.00	Key Emp	$246,601	$30,474	$277,075
ELIZABETH VEROSTEK DIR OF	FINANCE & ADMINISTRATION	40.00	Highest	$121,280	$15,895	$137,175
ANDEL KOESTER DIR OF	COMMUNITY INITIATIVES	40.00	Highest	$122,891	$6,474	$129,365
VALERIE GUILLAMO DIR OF	MULTILATERAL INITIATIVES	40.00	Highest	$134,921	$12,841	$147,762
SHAINA HOROWITZ	DIRECTOR OF INNOVATION	40.00	Highest	$114,245	$18,359	$132,604
LAUREN BARREDO	CHIEF OF STAFF	40.00	Highest	$108,942	$9,270	$118,212

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	$21,197,671	$7,809,246	$121,185,583	$13,388,425
2024	$110,664,793	$8,841,961	$106,571,088	$101,822,832

THE NEW YORK CLIMATE EXCHANGE INC