NEW YORK INSTITUTE OF FOOD TECHNOLOGISTS INC (EIN 112159932) - 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

1957

Legal Domicile

Principal Officer

SPENCER SULLIVAN

Phone

2019050090

Tax Period

2023-08-01 to 2024-07-31

NEW YORK INSTITUTE OF FOOD TECHNOLOGISTS INC, founded in 1957, is a small nonprofit that reported $177K in total revenue in fiscal year 2023. Revenue surged 32% from the prior year, signaling strong growth momentum. Net assets of $397K represent 27 months of operating reserves.

Mission

ORGANIZATION FACILITATES COMMUNICATION OF CURRENT TRENDS AND ISSUES AMONG FOOD INDUSTRY PERSONNEL.

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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 $172,051

Investment Income $930

Other Revenue $3,773

TOTAL REVENUE $176,754

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $133,806

Other Expenses $192,437

TOTAL EXPENSES $192,437

Year-over-Year Comparison

	2023	2022	Change
Revenue	$176,754	$134,195	+0.3%
Expenses	$192,437	$177,208	+0.1%
Net Income	$-15,683	$-43,013	-0.6%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GINA COBIANCHI	SECREATRY	N/A	Officer	$0	$0	$0
SUZANNE MUTZ-DARWELL	CHAIR - ELEC	N/A	Officer	$0	$0	$0
GLORIA DEMATOS STERN	TREASURER	N/A	Officer	$0	$0	$0
SPENCER SULLIVAN	CHAIR	N/A	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
2025	No data	No data	No data	No data
2024	$176,754	$192,437	$397,336	$-15,683
2023	$134,195	$177,208	$413,019	$-43,013
2022	$140,145	$195,938	$456,032	$-55,793
2021	$176,189	$87,008	$511,825	$89,181
2020	$137,424	$108,577	$422,644	$28,847
2019	$149,098	$196,167	$393,797	$-47,069

NEW YORK INSTITUTE OF FOOD TECHNOLOGISTS INC