THE ECONOMIC CLUB OF NEW YORK

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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

1907

Legal Domicile

Principal Officer

BARBARA M VAN ALLEN

Phone

2129477738

Tax Period

2024-01-01 to 2024-12-31

THE ECONOMIC CLUB OF NEW YORK, founded in 1907, is a community nonprofit in the Social Science sector that reported $4.7M in total revenue in fiscal year 2024. The organization ran a surplus of $790K, a strong 17% operating margin.

Mission

THE ECONOMIC CLUB OF NEW YORK IS A NONPROFIT, NONPARTISAN, NONPOLITICAL ORGANIZATION DEDICATED TO THE PROMOTION OF THE STUDY AND DISCUSSION OF SOCIAL, ECONOMIC AND POLITICAL QUESTIONS. FOR MORE THAN A CENTURY, THE CLUB HAS SERVED AS THE PREMIER PUBLIC FORUM FOR THOUGHT LEADERS OF THE UNITED STATES AND THE WORLD, TO EXPRESS A DIVERSE SET OF VIEWS AND OPINIONS IN A FREE AND OPEN ENVIRONMENT EFFECTIVELY ACTING AS A CATALYST FOR INNOVATION IN THOUGHT AND IDEAS IMPACTING SOCIAL, ECONOMIC AND POLITICAL ISSUES FACING SOCIETY.

Program Service Accomplishments

Program 1

Expenses: $2,290,975 Revenue: $1,867,708

SIGNATURE LUNCHEONS AND OTHER EVENT TYPES: IN 2024, MORE THAN 4,000 MEMBERS AND GUESTS ATTENDED OUR 44 SIGNATURE EVENTS WHICH, AMONG MANY OTHERS, INCLUDED CONVERSATIONS WITH DONALD J TRUMP THE 45TH PRESIDENT OF THE UNITED STATES, CEO OF JP MORGAN CHASE JAMIE DIMON AND THE CEO OF CITADEL KEN GRIFFIN. IN ADDITION, THE CLUB RECOGNIZED THE UNITED STATES SECRETARY OF TREASURY JANET YELLEN WITH THE PETERSON LEADERSHIP EXCELLENCE AWARD.

Program 2

Expenses: $730,300 Revenue: $140,000

MEMBERSHIP, CENTENNIAL & SALON: FOR OVER 118 YEARS, THE CLUB'S MEMBERS, DRAWN FROM SENIOR PUBLIC AND PRIVATE LEADERS, HAVE HAD THE OPPORTUNITY TO ENGAGE WITH EXPERT GUEST SPEAKERS INCLUDING ECONOMIC POLICYMAKERS, BUSINESS LEADERS AND GOVERNMENT OFFICIALS. THE CENTENNIAL SOCIETY IS CONSIDERED THE FINANCIAL BACKBONE OF THE CLUB AND PROVIDES A FORUM FOR OUR MOST ACTIVE MEMBERS TO CONNECT WITH EACH OTHER AND TO PROMOTE THE CLUB AS THE PREMIER NONPOLITICAL PUBLIC FORUM FOR THOUGHT LEADERS TO EXPRESS DIVERSE VIEWS AND OPINIONS IN A FREE AND OPEN ENVIRONMENT. CENTENNIAL SOCIETY MEMBERS ALSO HAVE THE OPPORTUNITY TO PARTICIPATE IN A SPECIAL OFF-THE-RECORD SALON SERIES. SALON SERIES SPEAKERS IN 2024 INCLUDED MIKE MCCORD, GARRY KASPAROV, STU EIZENSTAT, AND AUSTRALIAN AMBASSADOR KEVIN RUDD.

Program 3

Expenses: $190,738 Revenue: $182,000

NEXT GENERATION: THE CLUB IS COMMITTED TO DEVELOPING TALENTED BUSINESS AND ECONOMIC LEADERS THROUGHOUT THE VARIOUS STAGES OF THEIR CAREERS. THIS PIPELINE INCLUDES COMPLIMENTARY EVENT TICKETS FOR...

NEXT GENERATION: THE CLUB IS COMMITTED TO DEVELOPING TALENTED BUSINESS AND ECONOMIC LEADERS THROUGHOUT THE VARIOUS STAGES OF THEIR CAREERS. THIS PIPELINE INCLUDES COMPLIMENTARY EVENT TICKETS FOR STUDENTS, SPECIALIZED PROGRAMMING FOR RISING EXECUTIVES WITH 7 TO 15 YEARS OF EXPERIENCE (ECNY FELLOWS), AND A TERMED MEMBERSHIP FOR MID-LEVEL EXECUTIVES UNDER THE AGE OF 45 (ASSOCIATE MEMBERS). IN 2024, NEARLY 2,000 STUDENTS FROM MORE THAN 15 COLLEGES AND UNIVERSITIES WERE INVITED TO ATTENDED ECNY EVENTS. THERE WERE 87 FELLOWS IN THE NYC CLASS OF 2024 AND 8 ADDITIONAL FELLOWS IN THE NATIONAL FELLOWS PROGRAM. ASSOCIATE MEMBERS ARE MID-LEVEL EXECUTIVES UNDER THE AGE OF 45 WHO GAIN ACCESS TO THE CLUB'S NETWORKING RESOURCES AND UNPARALLELED EVENTS FOR A 5-YEAR TERM. IN 2024, THE CLUB HAD 136 ASSOCIATE MEMBERS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $2,203,068

Program Service Revenue $2,189,708

Investment Income $344,103

Other Revenue $0

TOTAL REVENUE $4,736,879

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,190,003

Fundraising Expenses $0

Program Expenses $3,212,013

Other Expenses $1,756,716

TOTAL EXPENSES $3,946,719

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,736,879	$4,771,072	0.0%
Expenses	$3,946,719	$3,670,880	+0.1%
Net Income	$790,160	$1,100,192	-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

$826,293

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT STEEL	CHAIR	1.00	Officer Director	$0	$0	$0
ARVIND KRISHNA	VICE CHAIR	1.00	Officer Director	$0	$0	$0
DAMBISA MOYO	VICE CHAIR	1.00	Officer Director	$0	$0	$0
DAN SCHULMAN	VICE CHAIR	1.00	Officer Director	$0	$0	$0
EDWARD COX	SECRETARY	1.00	Officer Director	$0	$0	$0
RACHEL MOORE	TREASURER	1.00	Officer Director	$0	$0	$0
JOHN C WILLIAMS	CHAIR EMERITUS	1.00	Officer Director	$0	$0	$0
MARIE JOSEE KRAVIS	CHAIR EMERITUS	1.00	Officer Director	$0	$0	$0
LEE AINSLIE III	TRUSTEE	1.00	Director	$0	$0	$0
STEPHANIE COHEN	TRUSTEE	1.00	Director	$0	$0	$0
THASUNDA BROWN DUCKETT	TRUSTEE	1.00	Director	$0	$0	$0
SANDER GERBER	TRUSTEE	1.00	Director	$0	$0	$0
PETER GRAUER	TRUSTEE	1.00	Director	$0	$0	$0
JOHN HESS	TRUSTEE	1.00	Director	$0	$0	$0
ERIKA JAMES	TRUSTEE	1.00	Director	$0	$0	$0
WILLIAM M LEWIS	TRUSTEE	1.00	Director	$0	$0	$0
N GREGORY MANKIW	TRUSTEE	1.00	Director	$0	$0	$0
DANIEL NEFF	TRUSTEE	1.00	Director	$0	$0	$0
DEVEN PAREKH	TRUSTEE	1.00	Director	$0	$0	$0
CHARLES PHILLIPS	TRUSTEE	1.00	Director	$0	$0	$0
JOHN W ROGERS	TRUSTEE	1.00	Director	$0	$0	$0
RESHMA SAUJANI	TRUSTEE	1.00	Director	$0	$0	$0
JEFF SCHOENFELD	TRUSTEE	1.00	Director	$0	$0	$0
BARBARA VAN ALLEN	PRESIDENT & CEO	50.00	Officer	$806,400	$19,893	$826,293
CELINE CLARKE	CHIEF OF STAFF	25.00	Highest	$219,809	$17,323	$237,132
ELIZABETH SIMONE	CONTROLLER	40.00	Highest	$152,000	$56,313	$208,313
GINA FEAZELLE	DIR. OF MEMBERSHIP & MARKETING	40.00	Highest	$141,000	$47,485	$188,485
LAUREN BAER	SENIOR DIRECTOR OF EVENTS	40.00	Highest	$124,193	$14,242	$138,435

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	$4,736,879	$3,946,719	$13,203,846	$790,160
2023	$4,771,072	$3,670,880	$10,927,175	$1,100,192
2022	$3,373,402	$3,115,888	$8,671,792	$257,514
2021	$3,506,192	$2,672,870	$9,916,092	$833,322
2020	$3,313,037	$2,596,548	$8,070,933	$716,489
2019	$3,701,428	$3,215,366	$6,703,568	$486,062
2018	$3,705,152	$2,963,307	$5,566,977	$741,845