WOMEN'S FORUM OF NEW YORK INC

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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

1981

Legal Domicile

Principal Officer

SUZY E BROWN

Phone

2124479107

Tax Period

2023-01-01 to 2023-12-31

WOMEN'S FORUM OF NEW YORK INC, founded in 1981, is a community nonprofit in the Community Improvement sector that reported $1.6M in total revenue in fiscal year 2023. Revenue surged 618% from the prior year, signaling strong growth momentum. Expenses of $2.0M exceeded revenue, resulting in a 23% operating deficit.

Mission

THE WOMEN'S FORUM OF NEW YORK IS THE CITY'S PREMIER ORGANIZATION OF WOMEN LEADERS. THE MEMBERSHIP OF MORE THAN 500 WOMEN REPRESENTS THE HIGHEST LEVELS OF ACHIEVEMENT ACROSS ALL PROFESSIONAL SECTORS FROM FINANCE TO FINE ARTS.STARTED IN 1974, THE WOMEN'S FORUM OF NEW YORK IS THE FOUNDING FLAGSHIP OF THE INTERNATIONAL WOMEN'S FORUM, A GLOBAL ORGANIZATION OF OVER 8,000 OUTSTANDING WOMEN LEADERS IN OVER 76 FORUMS AROUND THE WORLD.THE WOMEN'S FORUM OF NEW YORK IS DEDICATED TO THE ADVANCEMENT OF WOMEN'S LEADERSHIP THROUGH PROGRAMS THAT ENRICH MEMBERS' LIVES PERSONALLY AND PROFESSIONALLY; THROUGH THE EDUCATION FUND WHICH ENABLES WOMEN WHOSE POTENTIAL HAS BEEN DERAILED BY ADVERSITY TO RESUME THEIR EDUCATION, AND THROUGH THE CORPORATE BOARD INITIATIVE WHICH EXTENDS AND EXPANDS THE CONTRIBUTION OF WOMEN LEADERS THROUGH BOARD PARTICIPATION.

Program Service Accomplishments

Program 1

Expenses: $760,590 Revenue: $725,175

CORPORATE BOARD INITIATIVE - SEE SCHEDULE O.THE CORPORATE BOARD INITIATIVE WAS LAUNCHED TO ACCELERATE THE ADVANCEMENT OF WOMEN ON CORPORATE BOARDS ACROSS ALL INDUSTRY SECTORS. OUR STRATEGY REFLECTS OUR BELIEF THAT CHANGE HAPPENS MORE QUICKLY WHEN IT'S DRIVEN FROM THE TOP. OUR INITIATIVE FOCUSES ON THE GAME-CHANGES: CEOS, CHAIRMEN, NOM/GOV CHAIRS AND DIRECTORS WHO CAN TRULY ACCELERATE THE ADVANCEMENT OF WOMEN ON BOARDS. THE WOMEN'S FORUM OF NEW YORK, INC. HOLDS A BIENNIAL EVENT HONORING COMPANIES THAT ARE LEADING THE WAY TO GENDER BALANCE ON CORPORATE BOARDS: THE BREAKFAST OF CORPORATE CHAMPIONS. A BIENNIAL EVENT WAS HELD IN NOVEMBER 2023. THE WOMEN'S FORUM OF NEW YORK, INC. OFFERS WOMEN THE OPPORTUNITY TO BE LISTED IN THE CEO-SPONSORED DATABASE, HOSTED IN PARTNERSHIP WITH EQUILAR, AVAILABLE TO SEARCH FIRMS AND BOARDS LOOKING FOR FEMALE CANDIDATES. THE WOMEN'S FORUM OF NEW YORK, INC. OFFERS PROGRAMS TO MEMBERS TO EDUCATE AND ASSIST THEM IN OBTAINING CORPORATE BOARD SEATS.

Program 2

Expenses: $349,433 Revenue: $241,976

MEMBERSHIP PROGRAMMING - SEE SCHEDULE O.

Program 3

Expenses: $331,573

SCHOLARS PROGRAM - SEE SCHEDULE O.WOMEN'S FORUM OF NEW YORK, INC. PROVIDES 20 ANNUAL FINANCIAL AWARDS TO SUPPORT MATURE WOMEN, AGE 35 AND OVER, WHOSE LIVES HAVE BEEN DISRUPTED BY EXTREME ADVERSITY...

SCHOLARS PROGRAM - SEE SCHEDULE O.WOMEN'S FORUM OF NEW YORK, INC. PROVIDES 20 ANNUAL FINANCIAL AWARDS TO SUPPORT MATURE WOMEN, AGE 35 AND OVER, WHOSE LIVES HAVE BEEN DISRUPTED BY EXTREME ADVERSITY, WHO ARE RESUMING THEIR EDUCATION. THE AWARD RECOGNIZES EXTRAORDINARY EFFORTS IN OVERCOMING ADVERSITY AND RESTRUCTURING LIVES FOR SUCCESS. SINCE 1987 THE RECIPIENTS OF THESE AWARDS HAVE INSPIRED OTHERS BY RISING ABOVE THEIR CHALLENGES, OBTAINING THEIR COLLEGE DEGREES, AND TAKING THEIR PLACE IN THE PROFESSIONAL WORK WORLD. MANY RECIPIENTS PURSUE GRADUATE STUDIES, AND OUR ALUMNAE RANGE FROM DOCTORS TO DANCERS WHO GIVE BACK TO THEIR COMMUNITIES AND WHOSE CHILDREN OFTEN GO ON TO GET THEIR COLLEGE DEGREES. THE AWARDS ARE ANNOUNCED IN JUNE OF EACH YEAR AND IN 2023 THE WOMEN'S FORUM OF NEW YORK, INC. DISTRIBUTED FINANCIAL AWARDS OF $10,000 EACH TO 20 WOMEN.

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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 $578,970

Program Service Revenue $967,151

Investment Income $60,303

Other Revenue $6,139

TOTAL REVENUE $1,612,563

Expense Breakdown

Grants Paid $195,000

Salaries & Benefits $596,256

Fundraising Expenses $158,848

Program Expenses $1,441,596

Other Expenses $1,188,499

TOTAL EXPENSES $1,979,755

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,612,563	$224,743	+6.2%
Expenses	$1,979,755	$646,309	+2.1%
Net Income	$-367,192	$-421,566	-0.1%

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

119

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

$251,620

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAMELA J CRAIG	PRESIDENT	5.00	Officer Director	$0	$0	$0
STEPHANIE MEHTA	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
SHERRY WILLIAMS	TREASURER	5.00	Officer Director	$0	$0	$0
SUSAN ROBINSON	SECRETARY	5.00	Officer Director	$0	$0	$0
CAMILLE ASARO	DIRECTOR	1.00	Director	$0	$0	$0
FELICE FORER AXELROD	DIRECTOR	5.00	Director	$0	$0	$0
CARRIE REBORA BARRATT	DIRECTOR	5.00	Director	$0	$0	$0
JEANNE KWONG BICKFORD	DIRECTOR	1.00	Director	$0	$0	$0
LAURA CLAYTON-MCDONNELL	DIRECTOR, THRU 1/24/23	1.00	Director	$0	$0	$0
HEATHER DIETRICK	DIRECTOR, THRU 1/24/23	1.00	Director	$0	$0	$0
PAIGE EVANS	DIRECTOR, THRU 1/24/23	1.00	Director	$0	$0	$0
DAISEY HOLMES	DIRECTOR	1.00	Director	$0	$0	$0
COURTNEY KELSO	DIRECTOR, THRU 1/24/23	1.00	Director	$0	$0	$0
ELIZABETH NIETO	DIRECTOR	1.00	Director	$0	$0	$0
DONNA PALUMBO-MIELE	DIRECTOR	1.00	Director	$0	$0	$0
LOUISE PENNINGTON	DIRECTOR	1.00	Director	$0	$0	$0
JESSICA L PORTER	DIRECTOR	5.00	Director	$0	$0	$0
JOCELYNNE RAINEY	DIRECTOR	5.00	Director	$0	$0	$0
XAN RASKIN	DIRECTOR	1.00	Director	$0	$0	$0
SAPNA SHAH	DIRECTOR	1.00	Director	$0	$0	$0
BONITA STEWART	DIRECTOR, THRU 1/24/23	1.00	Director	$0	$0	$0
BARBARA VAN ALLEN	DIRECTOR, THRU 1/24/23	1.00	Director	$0	$0	$0
ILENE WACHS	DIRECTOR	1.00	Director	$0	$0	$0
MELINDA WHITE	DIRECTOR	1.00	Director	$0	$0	$0
G ELAINE WOOD	DIRECTOR	5.00	Director	$0	$0	$0
SUZY E BROWN	EXECUTIVE DIRECTOR	20.00	Officer	$220,176	$31,444	$251,620

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	$1,612,563	$1,979,755	$3,173,459	$-367,192
2022	$224,743	$646,309	$3,122,350	$-421,566
2021	$1,301,139	$1,463,387	$2,463,388	$-162,248
2020	$843,017	$630,403	$2,472,924	$212,614
2019	$1,565,159	$1,170,629	$2,232,204	$394,530
2018	$486,084	$482,158	$1,655,496	$3,926