TOWNSEND HARRIS ALUMNI ASSOCIATION… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year

1981

Legal Domicile

Principal Officer

Craig L Slutzkin

Phone

9173121802

Tax Period

2023-09-01 to 2024-08-31

TOWNSEND HARRIS ALUMNI ASSOCIATION INC, founded in 1981, is a small nonprofit that reported $253K in total revenue in fiscal year 2023. The organization ran a surplus of $143K, a strong 57% operating margin.

Mission

Townsend Harris Alumni Association Inc. is the alumni branch of Townsend Harris High School at Queens College a public high school in Flushing NY. The Association provides support - financial and operational - to the high school on an ongoing basis and provides networking opportunities for current and former students.

Program Service Accomplishments

Program 1

Expenses: $42,500 Revenue: $0

The Association funded over 20 scholarships to students from the high school for college tuition. The grantees were chosen by the school administration based on several criteria including academic...

The Association funded over 20 scholarships to students from the high school for college tuition. The grantees were chosen by the school administration based on several criteria including academic achievement financial need and community citizenship.

Program 2

Expenses: $7,402 Revenue: $0

The Association funded the schools Robotics program where students learn valuable technology and engineering skills and compete across the country with robots that the students built on their own...

The Association funded the schools Robotics program where students learn valuable technology and engineering skills and compete across the country with robots that the students built on their own from scratch. The funds go towards supplies for the creation of the robots competition fees and travel costs for the students and their faculty. No compensation is paid to the faculty advisors with these funds. Students in the program also travel to local elementary schools to present the program and demonstrate their robots to elementary school children.

Program 3

Expenses: $9,600 Revenue: $0

IT support to bridge the gap between what is needed and what is provided by funds from the NYC Department of Education.

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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 $13,301

Program Service Revenue $0

Investment Income $243,314

Other Revenue $-3,723

TOTAL REVENUE $252,892

Expense Breakdown

Grants Paid $81,496

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $81,496

Other Expenses $28,162

TOTAL EXPENSES $109,658

Year-over-Year Comparison

	2023	2022	Change
Revenue	$252,892	$254,268	0.0%
Expenses	$109,658	$262,874	-0.6%
Net Income	$143,234	$-8,606	-17.6%

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

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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
Selina W Lee	Chairperson	7.00	Officer Director	$0	$0	$0
Craig L Slutzkn	President and Treasurer	7.00	Officer Director	$0	$0	$0
Lara Traum	Director	2.00	Director	$0	$0	$0
Michael Byc	Vice President	5.00	Officer Director	$0	$0	$0
Benedict Fung	Vice President	5.00	Officer Director	$0	$0	$0
Debra Michlewitz	Secretary	5.00	Officer Director	$0	$0	$0
Brian Condon	Director	2.00	Director	$0	$0	$0
Yanique Fletcher	Director	1.00	Director	$0	$0	$0
Kimberly Lo	Director	1.00	Director	$0	$0	$0
Karen Curzio	Director	1.00	Director	$0	$0	$0
Ethan Felder	Director	1.00	Director	$0	$0	$0
Shari Gruber	Director	1.00	Director	$0	$0	$0
Peter Lee	Director	1.00	Director	$0	$0	$0
Nily Rozic	Director	1.00	Director	$0	$0	$0
Irina Kimyagar	Director	1.00	Director	$0	$0	$0
David Zarowin	Director	1.00	Director	$0	$0	$0
Tamar Khitarishvilli	Director	1.00	Director	$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	$252,892	$109,658	$2,782,570	$143,234
2023	$254,268	$262,874	$2,515,783	$-8,606
2022	$301,737	$293,760	$2,391,836	$7,977
2021	$152,914	$159,805	$2,847,536	$-6,891
2020	$179,593	$113,860	$2,498,338	$65,733

TOWNSEND HARRIS ALUMNI ASSOCIATION INC