New York Independent Livery Driver Benefit Fund
Nonprofit profile at a glance
- EIN
- 263373401
- IRS 990 coverage
- 2014–2024
- Forms available
- Form 990 2024
- Location
- New York, NY, USA
- Phone
- 2124612244
- Rating confidence
- Limited
- Sector
- State-Sponsored Worker's Compensation Reinsurance Organizations
Reported finances
- Revenue
- $2,464,036
- Expenses
- $2,090,593
- Assets
- $1,762,530
- Liabilities
- $379,062
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
4 people listed
People named in this filing
- AVIK KABESSA (CHAIRMAN)
- ALAN PLAFKER (TREASURER)
- JANET GLOVER (BOARD MEMBER)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To manage the afffairs of the not-for-profit corporation by assessing and collecting monies from member organizations for the purpose of obtaining a policy of insurance to be used to provide workers' compensation benefits to livery & black car drivers who qualify for benfits under article 6-g of the executive law of the state of New York.
What it reported doing in 2024
1. Successfully continued to operate under the plan of operation for which the board of directors exercised its statutory powers in accordance with the provisions of article 6-g of teh executive law of the state of New York;2. Successfully maintained an established formula for assessing member organizations in accordance with article 6-g, section 160-ccc;3. Successfully continued to collect monies from member organizations and used such funds, in accordance with section 160-ddd, by renewing a policy of insurance which is to provide workers' compensation benefits to livery drivers who qualify for such under the terms of the law;4. Successfully continued to operate in accordance with section 160-ggg, by ensuring the fair, reasonable and equitable administration of the funds of the not-for-profit corporation;5. Successfully initiated an outreach program to better educate member organizations on the reason for compliance with the law;6. Successfully contributed to the maintenance of high levels of compliance of member organizations;7. Successfully enabled the New York state uninsured employers fund to significantly decrease the monies it paid to previously uninsured claimants;8. Successfully continued to enable livery drivers to opbtain benefits they are entitled to in a quicker and more efficient manner.
Operating model
- Revenue model
- Earned-program. 98% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 90
- Accountability: 82
- Sustainability: 58
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 4 of 7 controls in place; rating input score 57
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 15.2%; rating input score 71; 71st percentile among comparable filings
- Total-asset coverage ratio: 0.84; rating input score 31; 31st percentile among comparable filings
- Liabilities to assets ratio: 0.22; rating input score 42; 42nd percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 91; 91st percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: -14.4% per year; rating input score 0; 1st percentile among comparable filings
- Asset growth: -7.3% per year; rating input score 0; 2nd percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 3 of 3 board members independent · 4 of 7 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $0 · 4 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 2 filed schedules
- Filing history: 10 filing years from 2014 to 2024
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Growth: Revenue growth scored 0/100.
- Review — Accountability: Governance controls: 2 of 6 not reported.
- High — Growth: Asset growth scored 0/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 31/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 42/100.