STEAMFITTING INDUSTRY FUND OF NY AND LI (EIN 136207695) - 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

1966

Legal Domicile

Principal Officer

SHANE MCMORROW

Phone

2124811490

Tax Period

2023-01-01 to 2023-12-31

STEAMFITTING INDUSTRY FUND OF NY AND LI, founded in 1966, is a community nonprofit that reported $2.8M in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $3.4M exceeded revenue, resulting in a 25% operating deficit.

Mission

INDUSTRY IMPROVEMENT THROUGH EDUCATION

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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 $2,530,928

Program Service Revenue $0

Investment Income $227,834

Other Revenue $0

TOTAL REVENUE $2,758,762

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,723,819

Fundraising Expenses $0

Program Expenses $1,258,967

Other Expenses $1,720,879

TOTAL EXPENSES $3,444,698

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,758,762	$2,208,415	+0.2%
Expenses	$3,444,698	$3,240,682	+0.1%
Net Income	$-685,936	$-1,032,267	-0.3%

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

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

$710,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANTHONY SAPORITO	ADMINISTRATOR	25.00	Officer	$300,000	$410,000	$710,000
SALVATORE BARBERA	CHAIRMAN	10.00	Director	$0	$0	$0
ROBERT McMORROW	TRUSTEE	5.00	Director	$0	$0	$0
PETER MANOS JR	TRUSTEE	5.00	Director	$0	$0	$0
RICHARD THOMPSON	TRUSTEE	5.00	Director	$0	$0	$0
KEVIN GILLEN	TRUSTEE	5.00	Director	$0	$0	$0
ANTHONY BELL	TRUSTEE	5.00	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	No data	No data	No data	No data
2023	$2,758,762	$3,444,698	$1,472,529	$-685,936
2022	$2,208,415	$3,240,682	$2,158,464	$-1,032,267
2021	$2,847,501	$2,420,259	$3,190,731	$427,242
2020	$2,430,980	$2,353,630	$2,763,489	$77,350
2019	$3,246,561	$2,937,992	$2,686,139	$308,569
2018	$2,997,992	$2,626,374	$2,377,570	$371,618

STEAMFITTING INDUSTRY FUND OF NY AND LI