HOTEL ASSOCIATION OF NEW YORK CITY INC (EIN 130855500) - 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

1939

Legal Domicile

Principal Officer

vijay dandapani

Phone

2127546700

Tax Period

2023-01-01 to 2023-12-31

HOTEL ASSOCIATION OF NEW YORK CITY INC, founded in 1939, is a community nonprofit that reported $5.2M in total revenue in fiscal year 2023. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $6.7M exceeded revenue, resulting in a 29% operating deficit.

Mission

TO PROMOTE THE HOTEL INDUSTRY IN NEW YORK CITY

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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 $5,374,316

Investment Income $-553,693

Other Revenue $354,524

TOTAL REVENUE $5,175,147

Expense Breakdown

Grants Paid $1,380

Salaries & Benefits $2,062,848

Fundraising Expenses $0

Program Expenses $6,651,418

Other Expenses $4,611,537

TOTAL EXPENSES $6,675,765

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,175,147	$4,089,362	+0.3%
Expenses	$6,675,765	$6,322,246	+0.1%
Net Income	$-1,500,618	$-2,232,884	-0.3%

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

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

$1,305,400

Total Directors

$703,956

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VIJAY DANDAPANI	President	40.00	Officer Director	$684,156	$19,800	$703,956
ALBERT FERNANDEZ	CFO	40.00	Officer	$306,474	$18,388	$324,862
NIKI FRANZITTA	Vice President	40.00	Officer	$260,926	$15,656	$276,582
NEIL TAI	TECHNOLOGY ASSOC	40.00		$111,985	$6,719	$118,704
ALEXANDER FERNANDEZ	ASSOCIATE	40.00		$110,385	$6,623	$117,008
STEVE BATTA	Secretary	1.00	Director	$0	$0	$0
RICHARD BORN	Director	1.00	Director	$0	$0	$0
DERRICK CARLO	Director	1.00	Director	$0	$0	$0
KAIZAD CHARNA	Director	1.00	Director	$0	$0	$0
SHANE COOKMAN	vice chair	1.00	Director	$0	$0	$0
MICHAEL D'ANGELO	Director	1.00	Director	$0	$0	$0
WEI HUANG	Director	1.00	Director	$0	$0	$0
CHRISTINE DEVERS	Director	1.00	Director	$0	$0	$0
DIARMUID DWYER	Director	1.00	Director	$0	$0	$0
MARK SANDERS	Director	1.00	Director	$0	$0	$0
JOHN FITZPATRICK	Treasurer	1.00	Director	$0	$0	$0
SOFIA VANDAELE	Director	1.00	Director	$0	$0	$0
FRED GRAPSTEIN	chairperson	1.00	Director	$0	$0	$0
JOHN MCPARTIAN	Director	1.00	Director	$0	$0	$0
RUSSEL SHATTAN	Director	1.00	Director	$0	$0	$0
GEOFFREY ALLAN MILLS	Director	1.00	Director	$0	$0	$0
JAIME NOVIKOFF	Director	1.00	Director	$0	$0	$0
ALEX NOVO	Director	1.00	Director	$0	$0	$0
ANN PETERSON	Director	1.00	Director	$0	$0	$0
JOHN RIEMAN	Director	1.00	Director	$0	$0	$0
JOEL ROSEN	Director	1.00	Director	$0	$0	$0
JOANNA SANCHEZ	Director	1.00	Director	$0	$0	$0
MERAV SEGEV	Director	1.00	Director	$0	$0	$0
ROBERT SNYDER	Director	1.00	Director	$0	$0	$0
ERIK PALMER	Director	1.00	Director	$0	$0	$0
DAN BRIKS	Director	1.00	Director	$0	$0	$0
GEORGE GREENE	Director	1.00	Director	$0	$0	$0
TRAVIS CUTLER	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	No data	No data	No data	No data
2023	$5,175,147	$6,675,765	$7,695,770	$-1,500,618
2022	$4,089,362	$6,322,246	$9,638,818	$-2,232,884
2021	$6,155,523	$7,406,735	$10,787,267	$-1,251,212
2020	$7,104,367	$6,138,891	$10,427,321	$965,476
2019	$9,732,972	$8,775,937	$8,479,313	$957,035

HOTEL ASSOCIATION OF NEW YORK CITY INC