THE ELEVATOR INDUSTRY FUND FOR THE GREATER NEW YORK CITY METROPOLITAN (EIN 132977270) - 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

2007

Legal Domicile

Phone

5612955865

Tax Period

2024-01-01 to 2024-12-31

THE ELEVATOR INDUSTRY FUND FOR THE GREATER NEW YORK CITY METROPOLITAN, founded in 2007, is a community nonprofit that reported $6.5M in total revenue in fiscal year 2024. Revenue surged 2888% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.5M, a strong 69% operating margin.

Mission

TO ACT AS AN INDUSTRY LABOR MANAGEMENT COOPERATION COMMITTEE AS PROVIDED FOR BY SECTION 302(c)(a) OF THE TRAF HARTLEY ACT OF 29 USC SEC 186(c)(9) FOR ANY AND ALL PURPOSES SET FORTH IN SECTION (6)(b)OF THE LABOR MANAGEMENT COOPERATION ACT OF 1978.

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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 $6,479,203

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $6,479,203

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,681,462

Fundraising Expenses $0

Other Expenses $312,015

TOTAL EXPENSES $1,993,477

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,479,203	$216,839	+28.9%
Expenses	$1,993,477	$172,196	+10.6%
Net Income	$4,485,726	$44,643	+99.5%

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

Governance

Voting Members

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JUSTIN TOMASINO	Trustee	0.00	Director	$0	$0	$0
RICCI AMAROSA	Trustee	7.00	Director	$0	$0	$0
DANIEL GRUND	Trustee	4.00	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	$6,479,203	$1,993,477	$5,332,996	$4,485,726
2023	$216,839	$172,196	$847,270	$44,643
2022	$216,015	$149,615	$802,627	$66,400
2021	$265,749	$140,364	$736,227	$125,385
2020	$237,207	$150,874	$610,842	$86,333
2018	$264,515	$209,227	$409,710	$55,288

THE ELEVATOR INDUSTRY FUND FOR THE GREATER NEW YORK CITY METROPOLITAN