ALUMNI ASSOCIATION OF THE FASHION INSTITUTE OF TECHNOLOGY INC (EIN 133413410) - 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

1953

Legal Domicile

Principal Officer

JOHN R JONES

Phone

2122177158

Tax Period

2024-07-01 to 2025-06-30

Mission

THE FIT ALUMNI ASSOCIATION IS AN INDEPENDENT NOT-FOR-PROFIT ORGANIZATION, WHOSE ONGOING MISSION IS TO MAINTAIN RELATIONSHIPS AMONG FIT, ITS ALUMNI, FACULTY AND THE FASHION AND RELATED INDUSTRIES. FOUNDED IN 1953, THE ASSOCIATION HOSTS ANNUAL FUNDRAISING AND "FRIEND-RAISING" EVENTS, WITH THE AIM OF ENHANCING THE LIFE OF CURRENT FIT STUDENTS THROUGH SCHOLARSHIPS, CONTRIBUTION TO CAMPUS ENVIRONMENTS AND FACILITATING INDUSTRY INTERACTION.

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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 $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,492

Other Expenses $15,210

TOTAL EXPENSES $15,210

Year-over-Year Comparison

	2024	2023	Change
Revenue	N/A	$191,036	-1.0%
Expenses	$15,210	$213,463	-0.9%
Net Income	N/A	$-22,427	N/A

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

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
JOHN JONES	PRESIDENT	0.20	Officer Director	$0	$0	$0
CARRIE BEYLUS	EXEC. VICE PRES.	0.20	Officer Director	$0	$0	$0
CAROLE D'ARCONTE-PFIEFER	1ST VICE PRES.	0.20	Officer Director	$0	$0	$0
ILENE LIEBOWITZ	SECRETARY	0.20	Officer Director	$0	$0	$0
GLORIA MACCARONI	TREASURER	0.20	Officer Director	$0	$0	$0
GINA ADAMO	DIRECTOR	0.20	Director	$0	$0	$0
KATIE BALDWIN	DIRECTOR	0.20	Director	$0	$0	$0
CAMILLE BLOCK	DIRECTOR	0.20	Director	$0	$0	$0
VERNA BOWEN	DIRECTOR	0.20	Director	$0	$0	$0
LEONTYNE BROOME	DIRECTOR	0.20	Director	$0	$0	$0
ELINORE FISHMAN-LEVINE	DIRECTOR	0.20	Director	$0	$0	$0
DONNA IUCOLANO	DIRECTOR	0.20	Director	$0	$0	$0
PATRICIA FOSTER KLEIN	DIRECTOR	0.20	Director	$0	$0	$0
CESAR MORENO	DIRECTOR	0.20	Director	$0	$0	$0
BARBARA MULLINS	DIRECTOR	0.20	Director	$0	$0	$0
FRANK ZAMBRELLI	DIRECTOR	0.20	Director	$0	$0	$0
CAROLINE PISANIELLO	DIRECTOR	0.20	Director	$0	$0	$0
NATHALIE MARTIN SCHETTINI	DIRECTOR	0.20	Director	$0	$0	$0
GEORGE SIMONTON	DIRECTOR	0.20	Director	$0	$0	$0
ED SOYKA	DIRECTOR	0.20	Director	$0	$0	$0
ANDREA PINCUS	DIRECTOR	0.20	Director	$0	$0	$0
RENA SUSSMAN	DIRECTOR	0.20	Director	$0	$0	$0
VICTORIA GURANOWSKI	EXECUTIVE DIRECTOR	5.00	Officer 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	No data	$15,210	$756,328	No data
2024	No data	No data	No data	No data
2023	$199,717	$191,195	$785,456	$8,522
2022	$109,964	$168,586	$788,196	$-58,622
2021	$117,350	$154,239	$916,600	$-36,889
2020	$116,190	$173,549	$887,692	$-57,359
2019	$131,767	$148,788	$989,302	$-17,021
2018	$123,494	$112,937	$1,023,070	$10,557

ALUMNI ASSOCIATION OF THE FASHION INSTITUTE OF TECHNOLOGY INC