PLASTERING & SPRAY FIREPROOFING CONTRACTORS OF GREATER NEW YORK INC (EIN 133544046) - 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

1989

Legal Domicile

Principal Officer

MICHAEL PATTI

Phone

7189633700

Tax Period

2023-10-01 to 2024-09-30

PLASTERING & SPRAY FIREPROOFING CONTRACTORS OF GREATER NEW YORK INC, founded in 1989, is a small nonprofit that reported $331K in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion. The organization ran a surplus of $97K, a strong 29% operating margin.

Mission

THE ORGANIZATION MONITORS APPRENTICESHIP PROGRAMS, PROMOTES SAFETY ON THE JOB AND RESOLVES LABOR DISAGREEMENTS BETWEEN LABOR AND MANAGEMENT THROUGH MEETINGS AND NEGOTIATIONS WITH BOTH PARTIES.

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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 $0

Program Service Revenue $217,440

Investment Income $113,233

Other Revenue $0

TOTAL REVENUE $330,673

Expense Breakdown

Grants Paid $28,000

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $205,234

TOTAL EXPENSES $233,234

Year-over-Year Comparison

	2023	2022	Change
Revenue	$330,673	$305,504	+0.1%
Expenses	$233,234	$201,795	+0.2%
Net Income	$97,439	$103,709	-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

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
MATTHEW STEVENS	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
MICHAEL PATTI	PRESIDENT	0.50	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
2024	$330,673	$233,234	$3,138,223	$97,439
2023	$305,504	$201,795	$2,566,413	$103,709
2022	$332,848	$135,143	$2,228,254	$197,705
2021	$308,384	$57,464	$2,326,217	$250,920
2020	$228,372	$157,792	$1,759,060	$70,580
2019	$340,184	$63,692	$1,579,711	$276,492
2018	$269,135	$72,593	$1,206,212	$196,542

PLASTERING & SPRAY FIREPROOFING CONTRACTORS OF GREATER NEW YORK INC