FOOD INDUSTRY ALLIANCE OF NYS INC (EIN 111877386) - 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

1934

Legal Domicile

Principal Officer

MICHAEL DURANT

Phone

5184341900

Tax Period

2023-01-01 to 2023-12-31

FOOD INDUSTRY ALLIANCE OF NYS INC, founded in 1934, is a community nonprofit in the Community Improvement sector that reported $1.2M in total revenue in fiscal year 2023. Revenue surged 27% from the prior year, signaling strong growth momentum. The organization ran a surplus of $525K, a strong 43% operating margin.

Mission

TRADE GROUP OF ENTITIES INVOLVED IN THE MANUFACTURE AND WHOLESALE/RETAIL DISTRIBUTION OF FOOD, GROCERY AND RELATED MERCHANDISE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $789,289

Investment Income $34,561

Other Revenue $404,778

TOTAL REVENUE $1,228,628

Expense Breakdown

Grants Paid $0

Salaries & Benefits $473,163

Fundraising Expenses $0

Other Expenses $230,090

TOTAL EXPENSES $703,253

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,228,628	$965,602	+0.3%
Expenses	$703,253	$788,231	-0.1%
Net Income	$525,375	$177,371	+2.0%

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

N/A

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

$217,778

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STAN BARRASSO	DIRECTOR	0.00	Director	$0	$0	$0
JOSEPH BROWN	DIRECTOR	0.00	Director	$0	$0	$0
BOB YAGER	DIRECTOR	0.00	Director	$0	$0	$0
ZULEMA WISCOVITCH	DIRECTOR	0.00	Director	$0	$0	$0
MICHAEL CASSARA	DIRECTOR	0.00	Director	$0	$0	$0
RON FERRI	DIRECTOR	0.00	Director	$0	$0	$0
JAMES GORMAN	DIRECTOR	0.00	Director	$0	$0	$0
LARRY INSERRA JR	DIRECTOR	0.00	Director	$0	$0	$0
JODY PLONSKI	DIRECTOR	0.00	Director	$0	$0	$0
ANDREA NICKERSON	DIRECTOR	0.00	Director	$0	$0	$0
STEVEN RODRIGUEZ	DIRECTOR	0.00	Director	$0	$0	$0
PRAKASH SAHN	DIRECTOR	0.00	Director	$0	$0	$0
MICHAEL TARLOFF	DIRECTOR	0.00	Director	$0	$0	$0
MICHAEL DURANT	PRESIDENT & CEO	40.00	Officer	$167,792	$0	$167,792
MIKE KING	IMMEDIATE PAST CHAIR	0.00	Officer	$0	$0	$0
JAY PELTZ	DIRECTOR	40.00	Officer	$49,986	$0	$49,986
JOE FANTOZZI	VICE CHAIR	0.00	Officer	$0	$0	$0
NOAH KATZ	TREASURER	0.00	Officer	$0	$0	$0
GARY ROSENTHAL	VICE CHAIR	0.00	Officer	$0	$0	$0
JOHN A DE CICCO JR	VICE CHAIR	0.00	Officer	$0	$0	$0
ANDREW PADILLA	SECRETARY	0.00	Officer	$0	$0	$0

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
2024	No data	No data	No data	No data
2023	$1,228,628	$703,253	$1,435,431	$525,375
2022	$965,602	$788,231	$813,023	$177,371
2021	$1,272,034	$851,419	$894,382	$420,615
2020	$633,615	$904,331	$897,530	$-270,716
2019	$837,684	$890,810	$1,096,524	$-53,126
2018	$994,412	$1,072,095	$1,163,132	$-77,683

FOOD INDUSTRY ALLIANCE OF NYS INC