NEW YORK, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
serving the hotel industry since 1878, the hotel association of new york city, inc. is one of the oldest professional trade associations in the nation. its founders mission was to establish an association that would serve as the voice of the hotel industry, supporting its members with the highest standard of services and best available resources.
membership - the association offers two different types of membership: hotel membership and allied membership. benefits provided to hotel members include labor/legal council, state/city legislative...
membership - the association offers two different types of membership: hotel membership and allied membership. benefits provided to hotel members include labor/legal council, state/city legislative representation, advice and guidance to individual hotels in the area of fire protection and public safety, and automatic membership in the new york state hospitality & tourism association, and the american hotel and lodging association. companies that provide services and products to the industry can become allied members. as an allied member, suppliers are afforded an excellent opportunity to meet and network with executives of major new york city hotels, and attend various social functions.
contingency fund - the organization negotiates management hotel contracts with the hotel trades council and works towards the elimination of illegal hotels in new york city. a monthly fee is charged...
contingency fund - the organization negotiates management hotel contracts with the hotel trades council and works towards the elimination of illegal hotels in new york city. a monthly fee is charged to members based on available rooms per month.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
Compare HOTEL ASSOCIATION OF NEW YORK CITY INC with other nonprofits in New York and across the country.