New York City Industrial Technology Assistance Corporation

EIN: 133410779 501(c)(3)

New York, NY

Total Revenue
$1,986,158
Total Expenses
$2,012,397
Total Assets
$2,333,257
Net Assets
$2,157,983
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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
1987
Legal Domicile
NY
Principal Officer
KINDA YOUNES
Phone
2128093900
Tax Period
2024-07-01 to 2025-06-30

New York City Industrial Technology Assistance Corporation, founded in 1987, is a community nonprofit that reported $2.0M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion.

Mission

TO STRENGTHEN THE ECONOMY AND JOB BASE OF NEW YORK CITY BY IMPROVING THE COMPETITIVENESS OF LOCAL INDUSTRIAL AND TECHNOLOGY FIRMS.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,252,489
Program Service Revenue $603,055
Investment Income $65,369
Other Revenue $65,245
TOTAL REVENUE $1,986,158

Expense Breakdown

Grants Paid $125,151
Salaries & Benefits $1,067,610
Fundraising Expenses $0
Program Expenses $1,774,079
Other Expenses $819,636
TOTAL EXPENSES $2,012,397

Year-over-Year Comparison

2024 2023 Change
Revenue $1,986,158 $1,837,583 +0.1%
Expenses $2,012,397 $1,963,466 +0.0%
Net Income $-26,239 $-125,883 -0.8%
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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Governance

Voting Members
10
Independent Members
10
Employees
7
Volunteers
10

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
4
$438,828
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KINDA YOUNES EXECUTIVE DIRECTOR 40.0
Officer
$217,218 $44,212 $261,430
Mary McKay Director of Advanced Manufact. 40.0
Highest
$166,230 $13,614 $179,844
Paul McQuade Secretary-Dir. of Operations 40.0
Officer
$172,856 $4,542 $177,398
MAL SCHUSTER DIRECTOR 1.0
Director
$0 $0 $0
TIMOTHY G NOBLE CHAIRPERSON - DIRECTOR 2.0
Officer Director
$0 $0 $0
ALBERT MANGELS DIRECTOR 1.0
Director
$0 $0 $0
STEVEN MASUR ESQ DIRECTOR 1.0
Director
$0 $0 $0
PAUL STORCH DIRECTOR 1.0
Director
$0 $0 $0
JOE MCDERMOTT DIRECTOR 1.0
Director
$0 $0 $0
John A Blaho PHD DIRECTOR 1.0
Director
$0 $0 $0
CHRIS VIGGIANO TREASURER - DIRECTOR 2.0
Officer Director
$0 $0 $0
Brian T Coleman DIRECTOR 1.0
Director
$0 $0 $0
Manuel Miranda Director 1.0
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
2025 $1,986,158 $2,012,397 $2,333,257 $-26,239
2024 $1,837,583 $1,963,466 $2,414,290 $-125,883
2023 $2,316,835 $2,637,238 $2,398,869 $-320,403
2022 $3,091,612 $2,939,764 $2,890,075 $151,848
2021 $3,450,651 $2,948,341 $2,686,892 $502,310
2020 $2,687,240 $2,759,058 $2,629,313 $-71,818
2019 $3,265,817 $2,835,162 $2,039,257 $430,655
2018 $2,946,267 $2,630,275 $2,015,751 $315,992
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