New York Bankers Association Inc
New York Bankers Association Inc. faces growing liabilities, exceeding assets in 2023, despite substantial asset base.
EIN: 131882974 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $20.3M |
| Total Expenses | $5.4M |
| Program Spending | 60% |
| Net Assets | $-3,499,414 |
| Transparency Score | 55/100 |
Is New York Bankers Association Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
New York Bankers Association Inc directs 60% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About New York Bankers Association Inc
New York Bankers Association Inc (EIN: 131882974) is a nonprofit organization based in New York, NY. The organization reported total revenue of $20.3M and total assets of $33.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New York Bankers Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New York Bankers Association Inc is a large nonprofit that has been operating for 39 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.0M |
| Total Expenses | $5.4M |
| Surplus / Deficit | $-352,341 |
| Total Assets | $32.9M |
| Total Liabilities | $36.4M |
| Net Assets | $-3,499,414 |
| Operating Margin | -7.0% |
| Debt-to-Asset Ratio | 110.6% |
| Months of Reserves | 73.3 months |
Financial Health Grade: C
In 2023, New York Bankers Association Inc reported a deficit of $352K with expenses exceeding revenue, holds 73.3 months of operating reserves (strong position), has a debt-to-asset ratio of 110.6% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), New York Bankers Association Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -13.2% | +14.8% | +10.8% |
| 2022 | -7.4% | -2.8% | -11.9% |
| 2021 | -5.0% | -22.6% | +13.4% |
| 2020 | -19.3% | -3.1% | -3.7% |
| 2019 | +54.1% | +1.9% | -2.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1987 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates New York Bankers Association Inc with a Mission Score of 55 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 30%
- programs: 60%
- fundraising: 10%
According to IRS 990 filings, New York Bankers Association Inc allocates its expenses as follows: admin: 30%, programs: 60%, fundraising: 10%. Approximately 60% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $352K, with expenses exceeding revenue.
- Debt-to-asset ratio: 110.6%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, which is unusual for an organization with revenues in the millions and suggests that key leadership may be compensated through mechanisms not classified as 'officer compensation' on the IRS Form 990, or that leadership is entirely volunteer-based.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of New York Bankers Association Inc's IRS 990 filings:
- Liabilities ($36,372,451 in 2023) now exceed assets ($32,873,037), indicating a negative net asset position.
- Consistent operational deficits in multiple years (e.g., 2023, 2018, 2017, 2016, 2015, 2014), where expenses surpassed revenues.
- Significant increase in liabilities over the past few years, from $6,461,965 in 2019 to over $36 million in 2023.
- Lack of detailed expense breakdown (program, admin, fundraising) makes it difficult to assess spending efficiency.
Strengths
The following positive indicators were identified for New York Bankers Association Inc:
- Maintains a substantial asset base, generally above $29 million, providing a financial cushion.
- Consistent reporting of 0% officer compensation, indicating potential for low executive overhead or alternative compensation structures.
- Long history of IRS 990 filings (13 filings), suggesting a commitment to regulatory compliance.
Frequently Asked Questions about New York Bankers Association Inc
Is New York Bankers Association Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, New York Bankers Association Inc (EIN: 131882974) some concerns. Mission Score: 55/100. 4 red flags identified, 3 strengths noted.
How does New York Bankers Association Inc spend its money?
New York Bankers Association Inc directs 60% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to New York Bankers Association Inc tax-deductible?
New York Bankers Association Inc is registered as a tax-exempt nonprofit (EIN: 131882974). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of New York Bankers Association Inc's spending goes to programs?
New York Bankers Association Inc directs 60% to programs, 10% to fundraising. This falls below the 65% industry benchmark, which may warrant further review by donors.
Where is New York Bankers Association Inc located?
New York Bankers Association Inc is headquartered in New York, New York and files with the IRS under EIN 131882974.
How many years of IRS 990 filings does New York Bankers Association Inc have?
New York Bankers Association Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $20.3M in total revenue.
Why have liabilities significantly increased, exceeding assets in 2023?
The organization's liabilities surged from $6,461,965 in 2019 to $36,372,451 in 2023, now surpassing its assets of $32,873,037. This dramatic increase warrants further investigation into the nature of these liabilities and their impact on financial solvency.
How does the organization cover its recurring operational deficits?
The New York Bankers Association Inc. has frequently reported expenses exceeding revenues, for example, $5,385,273 in expenses against $5,032,932 in revenue in 2023. This suggests reliance on accumulated assets or other funding sources to sustain operations.
What is the breakdown of program, administrative, and fundraising expenses?
Without detailed expense breakdowns in the provided data, it is difficult to assess the efficiency of spending across programs, administration, and fundraising. This information is crucial for understanding how funds are allocated to achieve the organization's mission.
Is the 0% officer compensation reported accurate, and if so, how is leadership compensated?
The consistent reporting of 0% officer compensation across all filings is unusual for an organization of this size and revenue. Clarification on how key leadership is compensated, if not through direct officer compensation, would enhance transparency.
What is the long-term strategy to address the negative net asset position?
With liabilities exceeding assets in the latest filing period, the organization is in a negative net asset position. A clear strategy for reducing liabilities and rebuilding net assets is critical for long-term financial health.
Filing History
IRS 990 filing history for New York Bankers Association Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), New York Bankers Association Inc's revenue has grown by 10.4%, moving from $4.6M to $5.0M. Total assets decreased by 25.6% over the same period, from $44.2M to $32.9M. Total functional expenses fell by 15.7%, from $6.4M to $5.4M. In its most recent filing year (2023), New York Bankers Association Inc reported a deficit of $352K, with expenses exceeding revenue. The organization holds $36.4M in liabilities against $32.9M in assets (debt-to-asset ratio: 110.6%), resulting in net assets of $-3,499,414.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $5.0M | $5.4M | $32.9M | $36.4M | — | View 990 |
| 2022 | $5.8M | $4.7M | $29.7M | $32.7M | — | View 990 |
| 2021 | $6.3M | $4.8M | $33.7M | $34.4M | — | View 990 |
| 2020 | $6.6M | $6.2M | $29.7M | $36.8M | — | — |
| 2019 | $8.2M | $6.4M | $30.9M | $6.5M | — | View 990 |
| 2018 | $5.3M | $6.3M | $31.6M | $6.1M | — | View 990 |
| 2017 | $4.7M | $10.6M | $31.9M | $6.1M | — | View 990 |
| 2016 | $4.5M | $5.9M | $31.3M | $4.6M | — | View 990 |
| 2015 | $5.3M | $6.3M | $35.7M | $5.5M | — | View 990 |
| 2014 | $5.1M | $6.4M | $36.7M | $5.3M | — | View 990 |
| 2013 | $4.7M | $6.1M | $36.8M | $8.1M | — | View 990 |
| 2012 | $4.7M | $6.3M | $36.9M | $8.4M | — | View 990 |
| 2011 | $4.6M | $6.4M | $44.2M | $6.9M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $5.0M, expenses of $5.4M, and assets of $32.9M (revenue -13.2% year-over-year).
- 2022: Revenue of $5.8M, expenses of $4.7M, and assets of $29.7M (revenue -7.4% year-over-year).
- 2021: Revenue of $6.3M, expenses of $4.8M, and assets of $33.7M (revenue -5.0% year-over-year).
- 2020: Revenue of $6.6M, expenses of $6.2M, and assets of $29.7M (revenue -19.3% year-over-year).
- 2019: Revenue of $8.2M, expenses of $6.4M, and assets of $30.9M (revenue +54.1% year-over-year).
- 2018: Revenue of $5.3M, expenses of $6.3M, and assets of $31.6M (revenue +12.6% year-over-year).
- 2017: Revenue of $4.7M, expenses of $10.6M, and assets of $31.9M (revenue +4.4% year-over-year).
- 2016: Revenue of $4.5M, expenses of $5.9M, and assets of $31.3M (revenue -15.3% year-over-year).
- 2015: Revenue of $5.3M, expenses of $6.3M, and assets of $35.7M (revenue +4.2% year-over-year).
- 2014: Revenue of $5.1M, expenses of $6.4M, and assets of $36.7M (revenue +9.0% year-over-year).
- 2013: Revenue of $4.7M, expenses of $6.1M, and assets of $36.8M (revenue -0.4% year-over-year).
- 2012: Revenue of $4.7M, expenses of $6.3M, and assets of $36.9M (revenue +3.1% year-over-year).
- 2011: Revenue of $4.6M, expenses of $6.4M, and assets of $44.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New York Bankers Association Inc:
Data Sources and Methodology
This transparency report for New York Bankers Association Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.