TOWNSEND HARRIS ALUMNI ASSOCIATION INC (EIN 112593334) - 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

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

The organization was formed for alumni of Townsend Harris High School to support the high schools activities for both current and former students. The organization provides support - financial and operational - to the high school on an ongoing basis.

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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

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
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
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