FUND FOR THE CITY OF NEW YORK INC (EIN 132612524) - 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

1968

Legal Domicile

Principal Officer

LISETTE NIEVES

Phone

2129256675

Tax Period

2023-10-01 to 2024-09-30

FUND FOR THE CITY OF NEW YORK INC, founded in 1968, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $67.0M in total revenue in fiscal year 2023. Expenses of $62.1M left a modest 7% surplus.

Mission

THE FUND FOR THE CITY OF NEW YORK WAS CREATED IN 1968 BY THE FORD FOUNDATION TO BE RESPONSIVE TO OPPORTUNITIES TO IMPROVE THE QUALITY OF LIFE BY WORKING TO IMPROVE THE PERFORMANCE OF GOVERNMENT AND NONPROFIT 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $45,536,069

Program Service Revenue $18,006,698

Investment Income $3,414,435

Other Revenue $0

TOTAL REVENUE $66,957,202

Expense Breakdown

Grants Paid $1,975,396

Salaries & Benefits $39,431,600

Fundraising Expenses $333,848

Program Expenses $60,620,328

Other Expenses $20,382,136

TOTAL EXPENSES $62,122,980

Year-over-Year Comparison

	2023	2022	Change
Revenue	$66,957,202	$67,312,664	0.0%
Expenses	$62,122,980	$63,925,527	0.0%
Net Income	$4,834,222	$3,387,137	+0.4%

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

653

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

$988,764

Total Directors

$413,664

Key Employees

$4,743,381

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOMYSHA DELGADO STEPHEN	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL ARAD	CHAIR	1.00	Officer Director	$0	$0	$0
ROBERT TIERNEY	BOARD MEMBER	1.00	Director	$0	$0	$0
GEORGIA BOOTHE	TREASURER	1.00	Officer Director	$0	$0	$0
ESTER FUCHS	VICE CHAIR	1.00	Officer Director	$0	$0	$0
LINDA LAUSELL BRYANT	SECRETARY (AS OF 6/24)	1.00	Officer Director	$0	$0	$0
LISETTE NIEVES	BOARD MEMBER/PRESIDENT	30.00	Officer Director	$356,926	$56,738	$413,664
DANA BUCHMAN	SECRETARY (THROUGH 6/24)	1.00	Officer Director	$0	$0	$0
JILL E BORRERO	CHIEF OPERATING OFFICER	30.00	Officer	$229,584	$31,574	$261,158
ALDRIN BONILLA	EXECUTIVE VICE PRESIDENT	30.00	Officer	$275,225	$38,717	$313,942
JUANA ROSARIO	COMPTROLLER	30.00	Key Emp	$169,369	$40,137	$209,506
FRED DEJOHN	CHIEF FINANCIAL OFFICER	35.00	Key Emp	$314,996	$56,317	$371,313
COLEEN STEVENS PORCHER	EXECUTIVE DIRECTOR	35.00	Key Emp	$239,997	$44,715	$284,712
BENJAMIN GARCIA	EXECUTIVE DIRECTOR	35.00	Key Emp	$239,581	$49,799	$289,380
LOLA SIMPSON	CHIEF EXECUTIVE OFFICER	35.00	Key Emp	$219,998	$11,323	$231,321
BLAKE RATNER	EXECUTIVE DIRECTOR	35.00	Key Emp	$214,563	$57,177	$271,740
JAMES RYAN	EXECUTIVE DIRECTOR	35.00	Key Emp	$208,548	$32,439	$240,987
MIRIAM FELDBLUM	EXECUTIVE DIRECTOR	35.00	Key Emp	$206,864	$45,503	$252,367
GRACE RAUH	EXECUTIVE DIRECTOR	35.00	Key Emp	$204,998	$34,697	$239,695
ZENAIDA RODRIGUEZ	EXECUTIVE DIRECTOR	35.00	Key Emp	$201,442	$17,222	$218,664
TERESA CARTA	EXECUTIVE DIRECTOR	35.00	Key Emp	$199,998	$43,200	$243,198
KAI FEDER	CHIEF OPERATING OFFICER	35.00	Key Emp	$187,331	$44,814	$232,145
GREGORY MORRIS	CHIEF EXECUTIVE OFFICER	35.00	Key Emp	$184,998	$38,692	$223,690
JOHN KONARSKI	CHIEF EXECUTIVE OFFICER	35.00	Key Emp	$177,603	$40,960	$218,563
SARA NADEL	CHIEF EXECUTIVE OFFICER	35.00	Key Emp	$177,099	$35,721	$212,820
JENIN SABBAH	EXECUTIVE DIRECTOR	35.00	Key Emp	$172,968	$41,679	$214,647
DAVID COLE	CHIEF OPERATING OFFICER	35.00	Key Emp	$167,915	$51,867	$219,782
ANDREW WALROND	VICE PRESIDENT OF LOAN PROGRAM	35.00	Key Emp	$165,795	$27,775	$193,570
MIZUE AIZEKI	EXECUTIVE DIRECTOR	35.00	Key Emp	$156,516	$48,267	$204,783
ZACHARY KATZNELSON	EXECUTIVE DIRECTOR	35.00	Key Emp	$154,998	$15,500	$170,498
ELINA ALAYEVA	DIRECTOR	35.00	Highest	$204,998	$55,197	$260,195
STEFANIE BLOUIN	SENIOR DIRECTOR	35.00	Highest	$204,875	$11,352	$216,227
JEFFREY SUDMYER	DIRECTOR	35.00	Highest	$196,498	$52,986	$249,484
APRIL MCKOY	SENIOR DIRECTOR	35.00	Highest	$193,625	$34,554	$228,179
PATRICIA MOLES	PROGRAM DIRECTOR	35.00	Highest	$190,510	$32,221	$222,731

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	$66,957,202	$62,122,980	$172,127,459	$4,834,222
2023	$67,312,664	$63,925,527	$166,124,152	$3,387,137
2022	$114,215,839	$128,254,981	$170,389,317	$-14,039,142
2021	$126,437,231	$118,892,430	$176,700,276	$7,544,801
2020	$114,461,201	$100,443,920	$148,444,966	$14,017,281
2019	$97,537,375	$91,896,272	$150,667,930	$5,641,103
2018	$101,024,699	$91,504,788	$155,202,846	$9,519,911

FUND FOR THE CITY OF NEW YORK INC