PROMOTIONAL FUND OF THE TERRAZZO & MOSAIC CONTRACTORS ASSOCIATION (EIN 132507195) - 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

1962

Legal Domicile

Principal Officer

MICHAEL KRISS

Phone

9142736270

Tax Period

2024-01-01 to 2024-12-31

PROMOTIONAL FUND OF THE TERRAZZO & MOSAIC CONTRACTORS ASSOCIATION, founded in 1962, is a small nonprofit that reported $124K in total revenue in fiscal year 2024. Revenue surged 45% from the prior year, signaling strong growth momentum. The organization ran a surplus of $70K, a strong 57% operating margin.

Mission

TO PROMOTE AND TO PROVIDE TECHNICAL ASSISTANCE TO MEMBER CONTRACTORS IN THE MOSAIC & TERRAZZO INDUSTRY IN THE NEW YORK CITY AREA.

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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 $84,043

Program Service Revenue $0

Investment Income $40,047

Other Revenue $0

TOTAL REVENUE $124,090

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $48,077

Other Expenses $5,600

TOTAL EXPENSES $53,677

Year-over-Year Comparison

	2024	2023	Change
Revenue	$124,090	$85,317	+0.5%
Expenses	$53,677	$48,500	+0.1%
Net Income	$70,413	$36,817	+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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL MAGNAN	TRUSTEE	2.00	Director	$0	$0	$0
MICHAEL KRISS	TRUSTEE	2.00	Director	$0	$0	$0
JOSEPH IORIO	TRUSTEE	2.00	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	$124,090	$53,677	$802,611	$70,413
2023	$85,317	$48,500	$702,061	$36,817
2022	$101,379	$117,300	$609,846	$-15,921
2021	$96,282	$45,853	$712,697	$50,429
2020	$56,669	$32,790	$617,095	$23,879
2019	$58,638	$37,050	$553,494	$21,588
2018	$56,111	$38,957	$471,959	$17,154

PROMOTIONAL FUND OF THE TERRAZZO & MOSAIC CONTRACTORS ASSOCIATION