SERVICE FITTERS INDUSTRY PROMOTIONAL FUND OF NEW YORK (EIN 133202329) - 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

1984

Legal Domicile

Principal Officer

SHANE MCMORROW NEW 7202

Phone

2124811490

Tax Period

2024-01-01 to 2024-12-31

SERVICE FITTERS INDUSTRY PROMOTIONAL FUND OF NEW YORK, founded in 1984, is a small nonprofit that reported $969K in total revenue in fiscal year 2024. Expenses of $843K left a modest 13% surplus.

Mission

EDUCATION AND PROFESSIONAL DEVELOPMENT.

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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 $0

Program Service Revenue $850,973

Investment Income $117,940

Other Revenue $0

TOTAL REVENUE $968,913

Expense Breakdown

Grants Paid $23,850

Salaries & Benefits $114,514

Fundraising Expenses $0

Other Expenses $704,478

TOTAL EXPENSES $842,842

Year-over-Year Comparison

	2024	2023	Change
Revenue	$968,913	$915,416	+0.1%
Expenses	$842,842	$870,538	0.0%
Net Income	$126,071	$44,878	+1.8%

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

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

$1,601,848

Total Directors

$1,601,848

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SAL MANFREDONIA	TRUSTEE	2.00	Director	$0	$0	$0
ANTHONY SAPORITO	SECRETARY (FORMER 7/24)	15.00	Officer Director	$30,000	$51,453	$1,079,078
SCOTT BERGER	TRUSTEE	2.00	Director	$0	$0	$0
DAN STEFFEN	TRUSTEE	2.00	Director	$0	$0	$0
NATASHA LARSON	TRUSTEE	2.00	Director	$0	$0	$0
SHANE MCMORROW	SECRETARY (NEW 7/24)	15.00	Officer Director	$40,000	$117,203	$522,770

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	$968,913	$842,842	$2,116,442	$126,071
2023	$915,416	$870,538	$1,958,155	$44,878
2022	$913,495	$823,519	$1,811,714	$89,976
2021	$952,076	$781,829	$2,004,542	$170,247
2020	$873,841	$715,556	$1,836,851	$158,285
2019	$936,181	$840,147	$1,609,815	$96,034
2018	$933,368	$757,409	$1,406,098	$175,959

SERVICE FITTERS INDUSTRY PROMOTIONAL FUND OF NEW YORK