ELEVATOR INDUSTRIES ASSOCIATION 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

1945

Legal Domicile

Principal Officer

Robert Martin

Phone

2032471734

Tax Period

2023-01-01 to 2023-12-31

ELEVATOR INDUSTRIES ASSOCIATION INC, founded in 1945, is a small nonprofit that reported $252K in total revenue in fiscal year 2023. Revenue surged 29% from the prior year, signaling strong growth momentum. The organization ran a surplus of $53K, a strong 21% operating margin.

Mission

Work with Union for peaceful labor relations. Work with New York City Department of Buildings and government related to elevators, elevator safety. Work with the State of New York for elevator safety.

Program Service Accomplishments

Program 1

Work with New York City Department of Buildings and government related to elevators, elevator safety. work with the State of New York for elevator safety. Explore alternative options for education...

Work with New York City Department of Buildings and government related to elevators, elevator safety. work with the State of New York for elevator safety. Explore alternative options for education for mechanics and helpers.

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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 $248,525

Program Service Revenue $0

Investment Income $0

Other Revenue $3,923

TOTAL REVENUE $252,448

Expense Breakdown

Grants Paid $0

Salaries & Benefits $96,701

Fundraising Expenses $0

Program Expenses $0

Other Expenses $102,271

TOTAL EXPENSES $198,972

Year-over-Year Comparison

	2023	2022	Change
Revenue	$252,448	$195,314	+0.3%
Expenses	$198,972	$236,310	-0.2%
Net Income	$53,476	$-40,996	-2.3%

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

$89,564

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Robert Martin	President	25	Officer	$89,564	$0	$89,564

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	$252,448	$198,972	$77,354	$53,476
2022	$195,314	$236,310	$23,878	$-40,996
2021	$147,045	$252,166	$64,874	$-105,121
2020	$260,781	$170,965	$169,995	$89,816