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

EIN: 136300270 501(c)(3)

NEW YORK, NY

Total Revenue
$1,205,216
Total Expenses
$1,388,869
Total Assets
$4,090,526
Net Assets
$3,513,890
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1969
Legal Domicile
NY
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 UNION MEMBERS AND THEIR DEPENDENTS OF THE NEW YORK HOTEL TRADES COUNCIL WORKING IN THE HOTEL INDUSTRY OF NEW YORK CITY.

Program Service Accomplishments

Program 1
Expenses: $1,038,572 Revenue: $1,087,820

TO PROVIDE INDUSTRY TRAINING AND SCHOLARSHIPS TO UNION MEMBERS AND THEIR DEPENDENTS OF THE NEW YORK HOTEL TRADES COUNCIL WORKING IN THE HOTEL INDUSTRY OF NEW YORK CITY WHICH IS THE EXEMPT PURPOSE OF...

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TO PROVIDE INDUSTRY TRAINING AND SCHOLARSHIPS TO UNION MEMBERS AND THEIR DEPENDENTS OF THE NEW YORK HOTEL TRADES COUNCIL WORKING IN THE HOTEL INDUSTRY OF NEW YORK CITY WHICH IS THE EXEMPT PURPOSE OF THE ORGANIZATION.

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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%)

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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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Governance

Voting Members
15
Independent Members
9
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
$4,176,766
Total Directors
15
$1,259,756
Key Employees
0
$0
Highest Compensated
0
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
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