NEW YORK HOTEL TRADES COUNCIL & HO… - Form 990 Financial Data

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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

1949

Legal Domicile

Principal Officer

DR DAVID JACOBSON

Phone

2125866400

Tax Period

2023-01-01 to 2023-12-31

NEW YORK HOTEL TRADES COUNCIL & HOTEL ASSOCIATION OF NEW YORK HEALTH CENTER IN, founded in 1949, is a major nonprofit in the Mutual Benefit sector that reported $232.9M in total revenue in fiscal year 2023. Revenue surged 23% from the prior year, signaling strong growth momentum.

Mission

TO ESTABLISH AND OPERATE HEALTH CENTERS TO FURNISH MEDICAL CARE AND OTHER HEALTH SERVICES TO PARTICIPANTS WHO ARE ELIGIBLE UNDER THE COLLECTIVE BARGAINING AGREEMENTS BETWEEN THE NEW YORK HOTEL TRADES COUNCIL, THE HOTEL ASSOCIATION OF NEW YORK CITY, INC AND HOTELS IN THE CITY OF NEW YORK AND EMPLOYEES AND THEIR DEPENDENTS.

Program Service Accomplishments

Program 1

PROVISION OF MEDICAL, SURGICAL, PHARMACEUTICAL, DENTAL AND AMBULATORY CARE TO ELIGIBLE PARTICIPANTS IN 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 $219,320,169

Investment Income $87,466

Other Revenue $13,445,402

TOTAL REVENUE $232,853,037

Expense Breakdown

Grants Paid $0

Salaries & Benefits $90,463,501

Fundraising Expenses $0

Other Expenses $141,702,053

TOTAL EXPENSES $232,165,554

Year-over-Year Comparison

	2023	2022	Change
Revenue	$232,853,037	$189,604,690	+0.2%
Expenses	$232,165,554	$182,717,041	+0.3%
Net Income	$687,483	$6,887,649	-0.9%

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

903

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

$4,886,755

Total Directors

$1,259,756

Key Employees

$2,144,298

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR DAVID JACOBSON	CHIEF EXECUTIVE OFFICER	22.00	Officer	$1,694,700	$690,934	$2,385,634
JOHN HEIM	CHIEF FINANCIAL OFFICER	22.00	Officer	$490,823	$221,420	$712,243
LANA T VARDANIAN	CHIEF MEDICAL OFFICER	29.00	Officer	$489,201	$220,788	$709,989
ANDREW WINDSOR	CHIEF ADMINISTRATIVE OFFIC	5.00	Officer	$308,660	$150,377	$459,037
ROBERT LAFFERTY	CHIEF OPERATING OFFICER	5.00	Officer	$429,749	$190,103	$619,852
ASHOK D'SOUZA	MEDICAL DIRECTOR	35.00	Key Emp	$433,247	$186,260	$619,507
KRYSTAL RENEE JENKINS	MEDICAL DIRECTOR	35.00	Key Emp	$275,768	$130,050	$405,818
KARL LATORTUE	MEDICAL DIRECTOR	35.00	Key Emp	$280,146	$139,257	$419,403
LUISA NOGUERA COUGHLAN	MEDICAL DIRECTOR	35.00	Key Emp	$273,424	$118,399	$391,823
JOHN V MATERA	DIRECTOR OF PHARMACY OPERA	5.00	Key Emp	$205,207	$102,540	$307,747
GERARDO POSADA	PSYCHIATRIST	40.00	Highest	$494,150	$222,719	$716,869
MICHAEL L GROSS	DIR - ORTHOPEDIC SERVICES	40.00	Highest	$337,843	$161,758	$499,601
YEVGENIY KANTOR	ENDOCRINOLOGIST	40.00	Highest	$328,032	$150,432	$478,464
JAMES J BURTON	CHIEF INFO OFFICER	40.00	Highest	$312,230	$138,462	$450,692
LUIS A GONZALES	PSYCHIATRIST	40.00	Highest	$295,670	$145,311	$440,981
RICHARD MAROKO	CO-CHAIRMAN	0.10	Director	$0	$178,957	$476,528
VIJAY DANDAPANI	CO-CHAIRMAN	0.10	Director	$0	$0	$0
KUBA BROWN	UNION TRUSTEE	0.10	Director	$0	$11,614	$33,424
VANESSA MEADE	UNION TRUSTEE	0.10	Director	$0	$41,510	$119,462
AMY BOKERMAN	UNION TRUSTEE	0.10	Director	$0	$113,544	$326,772
JOE MESSINEO	UNION TRUSTEE	0.10	Director	$0	$67,127	$193,187
ALYSSA TRAMPOSCH	UNION TRUSTEE	0.10	Director	$0	$38,355	$110,383
GEORGE GREENE	EMPLOYER TRUSTEE	0.10	Director	$0	$0	$0
WEI HUANG	EMPLOYER TRUSTEE	0.10	Director	$0	$0	$0
GUS CECCHINI	EMPLOYER TRUSTEE	0.10	Director	$0	$0	$0
CLARA PELLERANO	EMPLOYER TRUSTEE	0.10	Director	$0	$0	$0
STEVE BATTA	EMPLOYER TRUSTEE	0.10	Director	$0	$0	$0
MICHAEL D'ANGELO	EMPLOYER TRUSTEE	0.10	Director	$0	$0	$0
FRED GRAPSTEIN	EMPLOYER TRUSTEE	0.10	Director	$0	$0	$0
JOSEPH DELLI SANTI	EMPLOYER TRUSTEE	0.10	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	$232,853,037	$232,165,554	$182,029,555	$687,483
2022	$189,604,690	$182,717,041	$184,580,939	$6,887,649
2021	$130,078,266	$143,633,763	$191,278,895	$-13,555,497
2020	$233,635,897	$233,015,487	$201,134,344	$620,410
2019	$271,640,448	$262,131,998	$203,712,766	$9,508,450
2018	$257,378,155	$250,189,895	$201,898,157	$7,188,260

NEW YORK HOTEL TRADES COUNCIL & HOTEL ASSOCIATION OF NEW YORK HEALTH CENTER IN