NY HOTEL TRADES COUNCIL & HOTEL ASSOC OF NYC INC TRAINING & SCHOLARSHIP (EIN 136300270) - 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

1969

Legal Domicile

Principal Officer

DR DAVID JACOBSON

Phone

2125866400

Tax Period

2023-01-01 to 2023-12-31

NY HOTEL TRADES COUNCIL & HOTEL ASSOC OF NYC INC TRAINING & SCHOLARSHIP, founded in 1969, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2023. Expenses of $1.4M exceeded revenue, resulting in a 15% operating deficit.

Mission

TO PROVIDE INDUSTRY TRAINING AND SCHOLARSHIPS TO PARTICIPANTS AND THEIR DEPENDENTS.

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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 $1,087,820

Investment Income $117,396

Other Revenue $0

TOTAL REVENUE $1,205,216

Expense Breakdown

Grants Paid $686,923

Salaries & Benefits $433,411

Fundraising Expenses $0

Program Expenses $1,038,572

Other Expenses $268,535

TOTAL EXPENSES $1,388,869

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,205,216	$1,138,481	+0.1%
Expenses	$1,388,869	$939,475	+0.5%
Net Income	$-183,653	$199,006	-1.9%

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

$4,176,766

Total Directors

$1,259,756

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR DAVID JACOBSON	CHIEF EXECUTIVE OFFICER	10.00	Officer	$0	$690,934	$2,385,634
JOHN HEIM	CHIEF FINANCIAL OFFICER	10.00	Officer	$0	$221,420	$712,243
ANDREW WINDSOR	CHIEF ADMINISTRATIVE OFFIC	5.00	Officer	$0	$150,377	$459,037
ROBERT LAFFERTY	CHIEF OPERATING OFFICER	5.00	Officer	$0	$190,103	$619,852
RICHARD MAROKO	CO-CHAIRMAN	0.10	Director	$0	$178,957	$476,528
VIJAY DANDAPANI	CO-CHAIRMAN	0.10	Director	$0	$0	$0
KUBA BROWN	UNION TRUSTEE	0.10	Director	$0	$11,614	$33,424
VANESSA MEADE	UNION TRUSTEE	0.10	Director	$0	$41,510	$119,462
AMY BOKERMAN	UNION TRUSTEE	0.10	Director	$0	$113,544	$326,772
JOE MESSINEO	UNION TRUSTEE	0.10	Director	$0	$67,127	$193,187
ALYSSA TRAMPOSCH	UNION TRUSTEE	0.10	Director	$0	$38,355	$110,383
GEORGE GREENE	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
MICHAEL D'ANGELO	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

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	$1,205,216	$1,388,869	$4,090,526	$-183,653
2022	$1,138,481	$939,475	$4,029,946	$199,006
2021	$818,590	$929,453	$4,430,944	$-110,863
2020	$880,299	$994,269	$5,142,320	$-113,970
2019	$1,328,977	$1,267,515	$4,619,447	$61,462
2018	$1,085,823	$984,534	$4,249,670	$101,289

NY HOTEL TRADES COUNCIL & HOTEL ASSOC OF NYC INC TRAINING & SCHOLARSHIP