SHEET METAL INDUSTRY PROMOTION FUND OF NEW YORK CITY (EIN 136213168) - 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

1967

Legal Domicile

Principal Officer

WILLIAM ROTHBERG

Phone

7186244600

Tax Period

2023-01-01 to 2023-12-31

SHEET METAL INDUSTRY PROMOTION FUND OF NEW YORK CITY, founded in 1967, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2023. Revenue decreased 15% compared to the prior year. Expenses of $1.7M exceeded revenue, resulting in a 41% operating deficit.

Mission

COLLECTS INDUSTRY EMPLOYERS CONTRIBUTIONS WHICH PROVIDES THE FUNDING FOR THE DISSEMINATION OF INDUSTRY, EDUCATIONAL PROGRAMS, PUBLIC RELATIONS AND TRAINING.

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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 $1,098,148

Investment Income $78,080

Other Revenue $2,999

TOTAL REVENUE $1,179,227

Expense Breakdown

Grants Paid $787,618

Salaries & Benefits $196,484

Fundraising Expenses $0

Other Expenses $682,289

TOTAL EXPENSES $1,666,391

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,179,227	$1,385,938	-0.1%
Expenses	$1,666,391	$1,530,333	+0.1%
Net Income	$-487,164	$-144,395	+2.4%

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

$184,347

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAUL BERTI	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL MCCUSKER	TRUSTEE	1.00	Director	$0	$0	$0
KRISTY FLORIO	TRUSTEE	1.00	Director	$0	$0	$0
THOMAS NARCISO	TRUSTEE	1.00	Director	$0	$0	$0
MARK PAPADIMITRIOU	TRUSTEE	1.00	Director	$0	$0	$0
LISA WEICKERT	TRUSTEE	1.00	Director	$0	$0	$0
WILLIAM ROTHBERG	SECRETARY	25.00	Officer	$0	$0	$0
ELIZABETH CASTILLO	MANAGER	40.00	Officer	$153,269	$31,078	$184,347

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	$1,179,227	$1,666,391	$3,201,226	$-487,164
2022	$1,385,938	$1,530,333	$3,644,452	$-144,395
2021	$1,302,242	$1,369,137	$2,594,371	$-66,895
2020	$1,289,400	$1,320,110	$2,703,317	$-30,710
2019	$1,637,328	$1,368,895	$2,756,395	$268,433
2018	$1,735,590	$1,355,469	$2,494,192	$380,121

SHEET METAL INDUSTRY PROMOTION FUND OF NEW YORK CITY