New York State Industries for the Disabled Inc

Nonprofit profile at a glance

EIN
132841179
IRS 990 coverage
2015–2024
Forms available
Form 990 2024
Location
Albany, NY, USA
Phone
5184639706
Rating
74
Verdict
SUPPORTED
Rating confidence
Moderate

Official website

Reported finances

Revenue
$323,421,174
Expenses
$321,547,381
Assets
$105,714,830
Liabilities
$69,747,186

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

23 people listed

Executive titles in this filing

  • MAUREEN O'BRIEN (PRESIDENT & CEO)

Highest reported compensation

  • MAUREEN O'BRIEN (PRESIDENT & CEO): $412,246 total reported compensation
  • EILEEN MCCARTHY (CHIEF OF STAFF & GENERAL): $271,160 total reported compensation
  • DAVID AZIZ (CHIEF FINANCIAL OFFICER): $269,983 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Nysid is a membership oraganization that contracts for products and services produced by qualified not-for-profit charitable agencies employing the disabled. As a preferred source for commodities and services, nysid simplifies the purchasing process for state agencies and political subdivisions which encourages employment opportunities for approximately 5,000 people with disabilities.

What it reported doing in 2024

Nysid's purpose and, therefore, program opportunity is to provide employment and other opportunities for new yorkers with disabilities. During this reporting period, the number of individuals with disabilities working on nysid preferred source contracts totaled 4,758 (earnings and wages in excess of $82.7 million). Preferred source employment provides social and economic advantages to people and fiscal support to New York state. By employing people rather than subsidizing them, nysid jobs make connections to better lives for the thousands of individuals working at member agency production facilities, social enterprises, private corporate partners, and community placements.

Operating model

Revenue model
Earned-program. 100% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of voting board members are independent and the filing does not identify recipients for some grant dollars.

Rating breakdown

  • Financial Efficiency: 87
  • Transparency & Controls: 75
  • Accountability: 49
  • Sustainability: 33
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 98.5%; rating input score 98
  • Program expense ratio: 98.9%; rating input score 99
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 92.3%; rating input score 92; 12th percentile among comparable filings
  • Pay-setting controls: 6 of 6 controls in place; rating input score 100
    • Compensation committee: Pass
    • Independent consultant: Pass
    • Other Form 990s reviewed: Pass
    • Written employment contract: Pass
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 21.7%; rating input score 22; 7th percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 12.5%; rating input score 12; 9th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 0.6%; rating input score 35; 35th percentile among comparable filings
  • Total-asset coverage ratio: 0.33; rating input score 11; 11th percentile among comparable filings
  • Liabilities to assets ratio: 0.66; rating input score 24; 24th percentile among comparable filings
  • Officer compensation ratio: 0.5%; rating input score 85; 85th percentile among comparable filings

Growth

  • Program expense growth: 3.3% per year; rating input score 100; 25th percentile among comparable filings
  • Revenue growth: 3.4% per year; rating input score 100; 26th percentile among comparable filings
  • Asset growth: 6.2% per year; rating input score 100; 46th percentile among comparable filings

Details

  • Where the money goes: 98.5% of revenue deployed · 98.9% of spending went to programs
  • Governance: 2 of 16 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $318.1M in reported program spending
  • Leadership: top reported pay $412K · 23 people listed · 6 of 6 pay-setting controls reported
  • Consistency: 33 of 34 current checks pass · 1 finding to review
  • Schedules: 6 filed schedules · includes grants and executive pay
  • Filing history: 10 filing years from 2015 to 2024
  • Contacts: How to reach this organization
  • Money network: 8 filed money-flow records
  • Related organizations: 2 filed related-organization links
  • 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 — Accountability: Independent voting board scored 12/100.
  • High — Transparency & Controls: Grant itemization coverage scored 22/100.
  • Moderate — Sustainability: Operating margin scored 35/100.
  • High — Sustainability: Total-asset coverage ratio scored 11/100.
  • High — Sustainability: Liabilities to assets ratio scored 24/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.