NY HOTEL TRADES COUNCIL & AFFILIATED LOCALS STAFF INSURANCE FUND

EIN: 131531223

NEW YORK, NY

Total Revenue
$16,606,892
Total Expenses
$21,208,306
Total Assets
$10,388,278
Net Assets
$9,892,888
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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
1945
Legal Domicile
NY
Principal Officer
DR DAVID JACOBSON
Phone
2125866400
Tax Period
2024-08-01 to 2025-07-31

NY HOTEL TRADES COUNCIL & AFFILIATED LOCALS STAFF INSURANCE FUND, founded in 1945, is a mid-sized nonprofit that reported $16.6M in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $21.2M exceeded revenue, resulting in a 28% operating deficit.

Mission

TO PROVIDE HOSPITALIZATION AND RELATED MEDICAL BENEFITS TO EMPLOYEES OF THE HOTEL TRADES COUNCIL AND AFFILIATED ORGANIZATIONS.

Program Service Accomplishments

Program 1

TO PROVIDE HOSPITALIZATION AND RELATED MEDICAL BENEFITS TO EMPLOYEES OF THE HOTEL TRADES COUNCIL AND AFFILIATED ORGANIZATIONS.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $16,225,226
Investment Income $381,666
Other Revenue $0
TOTAL REVENUE $16,606,892

Expense Breakdown

Grants Paid $0
Salaries & Benefits $210,514
Fundraising Expenses $0
Other Expenses $532,296
TOTAL EXPENSES $21,208,306

Year-over-Year Comparison

2024 2023 Change
Revenue $16,606,892 $14,481,035 +0.1%
Expenses $21,208,306 $12,643,410 +0.7%
Net Income $-4,601,414 $1,837,625 -3.5%
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

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Governance

Voting Members
5
Independent Members
N/A
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
0
$0
Total Directors
5
$4,832,886
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DR DAVID JACOBSON CHIEF EXEC OFFICER 0.10
Director
$0 $717,761 $2,463,302
JOHN J HEIM CHIEF FINAN OFFICER 0.10
Director
$0 $234,500 $740,911
RICHARD MAROKO CO-CHAIRMAN 0.10
Director
$0 $380,108 $923,053
AMY BOKERMAN UNION TRUSTEE 0.10
Director
$0 $143,985 $363,140
ALYSSA TRAMPOSCH UNION TRUSTEE 0.10
Director
$0 $135,231 $342,480
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 $16,606,892 $21,208,306 $10,388,278 $-4,601,414
2024 $14,481,035 $12,643,410 $14,567,595 $1,837,625
2023 $11,383,203 $10,314,135 $11,950,314 $1,069,068
2022 $9,524,656 $10,314,144 $10,567,039 $-789,488
2021 $9,260,895 $11,811,519 $16,151,852 $-2,550,624
2020 $12,077,768 $12,893,666 $14,470,747 $-815,898
2019 $11,398,741 $12,610,287 $15,885,319 $-1,211,546
2018 $11,136,908 $10,235,156 $15,241,118 $901,752
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