Westchester County Association Inc

Nonprofit profile at a glance

EIN
131737011
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
White Plains, NY, USA
Phone
9149486444
Rating
71
Verdict
SUPPORTED
Rating confidence
Moderate

Official website

Reported finances

Revenue
$2,128,690
Expenses
$1,875,093
Assets
$2,365,502
Liabilities
$1,308,600

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

Leadership & pay

56 people listed

Executive titles in this filing

  • WILLIAM MOONEY JR (FORMER WCA PRESIDENT)
  • MICHAEL N ROMITA (PRESIDENT & CEO)
  • AMY ALLEN (VICE PRESIDENT)

Highest reported compensation

  • MICHAEL N ROMITA (PRESIDENT & CEO): $208,474 total reported compensation
  • JASON CHAPIN (DIRECTOR, WORKFORCE DEVELOPMENT): $171,474 total reported compensation
  • AMY ALLEN (VICE PRESIDENT): $143,210 total reported compensation

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

Overview

Mission

The mission of the westchester county association is to maintain a position as the center of influence for business advocacy issues on behalf of our membership as well as enhancing the economic vitality of the region. We will be committed to research based policy initiatives and information capabilities that will be the hallmark of our excellence.the westchester county association inc., www.westchester.org is a business-based membership organization committed to addressing public policy issues with respect to business advocacy and economic development on behalf of the region's corporate and not-for-profit organizations. Founded in 1950 by leaders representing a cross-section of major businesses and employers in the county at that time, the original mission of the association was to provide a strong and clear voice for the interests of businesses in the county.

What it reported doing in 2024

Employers, colleges and other education/training providers are working together to identify solutions that meet the region's short- and long-term talent recruitment and retention needs. The 5th annual regional workforce development summit was held in 2024. The 150 attendees heard from keynote speaker nys dol commissioner roberta reardon followed by a panel discussion with educators and employers about innovative partnerships to strengthen talent pipelines.the annual real estate summit is born out of the work from the real estate and housing task force. The 2024 summit focused on the region's need for climate resiliency. 140 attendees heard from a panel of experts about strategies to employ to address the climate goals. A new chapter of the wca policy playbook dealing with climate resiliency was unveiled.the third annual profit & purpose conference featured a half-day of programming from experts in energy policy, business strategy, finance, law and compliance. Over 150 attendees learned how businesses are innovating around climate change and social responsibility. The opening session featured remarks from the founding ceo of the New York climate exchange.the first annual converge conference was held in 2024. This digital summit, presented in partnership with the county and stem alliance, was attended by over 160 leaders in business, government and education. The heard from a panel experts about transforming business through ai, cybersecurity, digital infrastructure & digital equity.all access healthcarethe wca's all access healthcare series features an array of keynote speakers and expert panelists, who spotlight the innovation and growth in healthcare and life sciences happening in westchester county. Over 200 attendees heard programs that addressed topics such cybersecurity in healthcare, social determinants of health and health equity.

Operating model

Revenue model
Earned-program. 63% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 99% 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. Program spending has declined or grown slowly and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 63
  • Transparency & Controls: 72
  • Accountability: 95
  • Sustainability: 47
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 68%; rating input score 68
  • Program expense ratio: 77.2%; rating input score 77
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 87.5%; rating input score 88; 2nd percentile among comparable filings
  • Pay-setting controls: 2 of 6 controls in place; rating input score 33
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 7 of 8 controls in place; rating input score 88
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 11.9%; rating input score 66; 66th percentile among comparable filings
  • Total-asset coverage ratio: 1.26; rating input score 45; 45th percentile among comparable filings
  • Liabilities to assets ratio: 0.55; rating input score 18; 18th percentile among comparable filings
  • Officer compensation ratio: 27.9%; rating input score 6; 6th percentile among comparable filings

Growth

  • Program expense growth: -0.2% per year; rating input score 0; 13th percentile among comparable filings
  • Revenue growth: 2.4% per year; rating input score 100; 23rd percentile among comparable filings
  • Asset growth: 16% per year; rating input score 100; 76th percentile among comparable filings

Details

  • Where the money goes: 68% of revenue deployed · 77.2% of spending went to programs
  • Governance: 51 of 51 board members independent · 7 of 8 filing controls reported
  • Programs: 2 filed program accomplishments · $1.4M in reported program spending
  • Leadership: top reported pay $208K · 56 people listed · 2 of 6 pay-setting controls reported
  • Highest-paid contractors: 1 contractor listed · $119K reported
  • Consistency: 33 of 34 current checks pass · 1 finding to review
  • Schedules: 6 filed schedules · includes major donors and executive pay
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 3 filed money-flow records
  • Related organizations: 4 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.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Growth: Program expense growth scored 0/100.
  • Review — Accountability: Governance controls: Form 990 shared with the board not reported.
  • Moderate — Sustainability: Total-asset coverage ratio scored 45/100.
  • High — Sustainability: Officer compensation ratio scored 6/100.
  • Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.
  • High — Sustainability: Liabilities to assets ratio scored 18/100.