NEW YORK HOTEL TRADES COUNCIL AND HOTEL ASSOC OF NYC INC HEALTH BENEFITS FUND (EIN 136126923) - 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

1944

Legal Domicile

Principal Officer

DR DAVID JACOBSON

Phone

2125866400

Tax Period

2024-01-01 to 2024-12-31

NEW YORK HOTEL TRADES COUNCIL AND HOTEL ASSOC OF NYC INC HEALTH BENEFITS FUND, founded in 1944, is a major nonprofit that reported $562.0M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE MEDICAL, DENTAL, HOSPITALIZATION AND LIFE INSURANCE BENEFITS TO PARTICIPANTS.

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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 $550,846,196

Investment Income $8,383,324

Other Revenue $2,776,269

TOTAL REVENUE $562,005,789

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,543,192

Fundraising Expenses $0

Other Expenses $13,457,699

TOTAL EXPENSES $613,254,777

Year-over-Year Comparison

	2024	2023	Change
Revenue	$562,005,789	$509,607,220	+0.1%
Expenses	$613,254,777	$480,119,669	+0.3%
Net Income	$-51,248,988	$29,487,551	-2.7%

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

$5,085,461

Total Directors

$2,641,144

Key Employees

$2,385,916

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD MAROKO	CO-CHAIRMAN	0.10	Director	$0	$380,108	$923,053
VIJAY DANDAPANI	CO-CHAIRMAN	0.10	Director	$0	$0	$0
KUBA BROWN	UNION TRUSTEE	0.10	Director	$0	$18,161	$42,676
VANESSA MEADE	UNION TRUSTEE	0.10	Director	$0	$224,693	$559,174
AMY BOKERMAN	UNION TRUSTEE	0.10	Director	$0	$143,985	$363,140
JOE MESSINEO	UNION TRUSTEE	0.10	Director	$0	$162,335	$410,621
ALYSSA TRAMPOSCH	UNION TRUSTEE	0.10	Director	$0	$135,231	$342,480
GEORGE GREENE	EMPLOYER TRUSTEE	0.10	Director	$0	$0	$0
CHRIS ELKO	EMPLOYER TRUSTEE	0.10	Director	$0	$0	$0
WEI HUANG	EMPLOYER TRUSTEE	0.10	Director	$0	$0	$0
GUS CECCHINI	EMPLOYER TRUSTEE	0.10	Director	$0	$0	$0
CLARA PELLERANO	EMPLOYER TRUSTEE	0.10	Director	$0	$0	$0
STEVE BATTA	EMPLOYER TRUSTEE	0.10	Director	$0	$0	$0
FRED GRAPSTEIN	EMPLOYER TRUSTEE	0.10	Director	$0	$0	$0
JOSEPH DELLI SANTI	EMPLOYER TRUSTEE	0.10	Director	$0	$0	$0
MICHAEL J D'ANGELO	EMPLOYER TRUSTEE	0.10	Director	$0	$0	$0
DR DAVID JACOBSON	CHIEF EXEC OFFICER	10.00	Officer	$0	$717,761	$2,463,302
JOHN HEIM	CHIEF FINAN OFFICER	30.00	Officer	$0	$234,500	$740,911
LANA T VARDANIAN	CHIEF MEDICAL OFFICER	5.00	Officer	$0	$234,549	$741,086
ANDREW WINDSOR	CHIEF ADMINISTRATIVE OFFICER	35.00	Officer	$0	$161,028	$489,272
ROBERT LAFFERTY	CHIEF OPER. OFFICER	5.00	Officer	$0	$207,444	$650,890
ASHOK D'SOUZA	MEDICAL DIRECTOR	5.00	Key Emp	$0	$213,911	$673,940
LUISA NOGUERA COUGHLAN	MEDICAL DIRECTOR	5.00	Key Emp	$0	$137,405	$417,927
KARL LATORTUE	MEDICAL DIRECTOR	5.00	Key Emp	$0	$135,673	$412,556
KRYSTAL RENEE JENKINS	MEDICAL DIRECTOR	5.00	Key Emp	$0	$116,611	$354,633
SAMUEL H KARP	DIRECTOR MHAP	5.00	Key Emp	$0	$89,954	$273,532
KATHERINE M MASTROTA	DIRECTOR OPTOMETRY	5.00	Key Emp	$0	$80,390	$253,328

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	$562,005,789	$613,254,777	$324,390,257	$-51,248,988
2023	$509,607,220	$480,119,669	$420,840,785	$29,487,551
2022	$447,170,967	$394,684,160	$381,570,475	$52,486,807
2021	$314,147,563	$287,744,198	$354,599,006	$26,403,365
2020	$480,901,220	$536,154,775	$332,153,436	$-55,253,555
2019	$540,391,057	$561,650,139	$364,860,255	$-21,259,082
2018	$500,767,204	$488,317,865	$367,188,633	$12,449,339

NEW YORK HOTEL TRADES COUNCIL AND HOTEL ASSOC OF NYC INC HEALTH BENEFITS FUND