HOROLOGICAL SOCIETY OF NEW YORK INC (EIN 136139887) - 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

1934

Legal Domicile

Principal Officer

NICHOLAS MANOUSOS

Phone

2127044041

Tax Period

2024-04-01 to 2025-03-31

HOROLOGICAL SOCIETY OF NEW YORK INC, founded in 1934, is a community nonprofit in the Science & Technology sector that reported $1.5M in total revenue in fiscal year 2024. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $1.6M exceeded revenue, resulting in a 11% operating deficit.

Mission

The Organizations mission is to advance the art and science of horology. The Organization seeks to accomplish this by offering horology classes to the public. The classes are taught by professional watchmakers and are intended to make horology accessible and enjoyable.

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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 $945,941

Program Service Revenue $534,963

Investment Income $49

Other Revenue $218

TOTAL REVENUE $1,481,171

Expense Breakdown

Grants Paid $255,697

Salaries & Benefits $582,817

Fundraising Expenses $48,565

Program Expenses $1,169,883

Other Expenses $805,339

TOTAL EXPENSES $1,643,853

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,481,171	$1,165,490	+0.3%
Expenses	$1,643,853	$1,234,979	+0.3%
Net Income	$-162,682	$-69,489	+1.3%

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

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

$196,875

Total Directors

$25,526

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NICHOLAS MANOUSOS	EXECUTIVE DIREC	35.00	Officer	$175,000	$21,875	$196,875
Carolina Navarro	Deputy Director	35.00		$130,000	$16,250	$146,250
Miranda C Marraccini	Head Librarian	35.00		$100,000	$12,500	$112,500
BRIANA LE	TRUSTEE	0.50	Director	$25,526	$0	$25,526
H Jane Chon	Secretary	1.00	Officer Director	$0	$0	$0
DAVID CHANG	Trustee	1.00	Director	$0	$0	$0
BRETT WALSDORF	TREASURER	1.00	Officer Director	$0	$0	$0
ALDIS HODGE	TRUSTEE	0.50	Director	$0	$0	$0
AMIT PURI	TRUSTEE	0.50	Director	$0	$0	$0
ENEURI ACOSTA	Vice President	0.50	Officer Director	$0	$0	$0
ERIC KU	TRUSTEE	0.50	Director	$0	$0	$0
LENISE LOGAN	TRUSTEE	0.50	Director	$0	$0	$0
MARK ARMENANTE	TRUSTEE	0.50	Director	$0	$0	$0
PAUL BOUTROS	TRUSTEE	0.50	Director	$0	$0	$0
ROGER SMITH	TRUSTEE	0.50	Director	$0	$0	$0
ROMAIN GAUTHIER	TRUSTEE	0.50	Director	$0	$0	$0
BRIAN ROBINSON	TRUSTEE	0.50	Director	$0	$0	$0
WILLIAM BUCHALTER	President	0.50	Officer Director	$0	$0	$0
ELLEN SORENSEN	Trustee	0.50	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	$1,481,171	$1,643,853	$2,172,351	$-162,682
2024	$1,144,336	$1,350,339	$2,033,811	$-206,003
2023	$1,220,321	$1,103,790	$2,180,451	$116,531
2022	$952,351	$754,848	$2,048,787	$197,503
2021	$906,374	$621,129	$505,111	$285,245
2020	$652,990	$711,504	$180,594	$-58,514
2019	$488,446	$456,510	$228,053	$31,936

HOROLOGICAL SOCIETY OF NEW YORK INC