COUNCIL OF INDUSTRY OF SOUTHEASTER… - Form 990 Financial Data

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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

1910

Legal Domicile

Principal Officer

Harold King

Phone

8455651355

Tax Period

2023-07-01 to 2024-06-30

COUNCIL OF INDUSTRY OF SOUTHEASTERN NEW YORK, founded in 1910, is a small nonprofit that reported $672K in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $596K left a modest 11% surplus.

Mission

To promore the success of our manufacturing members and thier employees and throught them contribute to the vitality of the Hudson Valley Community.

Program Service Accomplishments

Program 1

Expenses: $207,189 Revenue: $48,867

Provided important information to members related to the manufacturing industry and workforce development including: Daily briefing, a bi-weekly newsletter, newsletters on workforce and energy, risk management, lean six sigma and more. held in person and virtual meetings for HR professionals, safety and health professionals and CEOs. This information and these networks were particularly valuable as the pandemic unfolded and we were able to help our essential businesses keep their employees safe and their operations running.

Program 2

Expenses: $187,569 Revenue: $135,470

Assisted members in the recruitment of workers and helped them close the skills gap. We run a NYS Department of Labor approved apprentice program and have a regional manufacturing jobs board. Shifted...

Program 3

Expenses: $138,500 Revenue: $775,617

Provide essential training to members and employees in the areas of leadership development, supervisor training, lean and six sigma, COVID response, GD&T, Blueprint reading, OSHA compliance and RCRA...

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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 $313,328

Program Service Revenue $352,626

Investment Income $6,254

Other Revenue $0

TOTAL REVENUE $672,208

Expense Breakdown

Grants Paid $0

Salaries & Benefits $308,686

Fundraising Expenses $0

Program Expenses $533,258

Other Expenses $287,343

TOTAL EXPENSES $596,029

Year-over-Year Comparison

	2023	2022	Change
Revenue	$672,208	$603,830	+0.1%
Expenses	$596,029	$543,228	+0.1%
Net Income	$76,179	$60,602	+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

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

Total Directors

Key Employees

$237,000

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Harold King	President	50	Key Emp	$132,000	$0	$132,000
Johnnieanne Hansen	Vice President	50	Key Emp	$105,000	$0	$105,000
Gary Hutchison	Director	50	Director	$0	$0	$0
Susan Dean	Director	5	Director	$0	$0	$0
Darren Doherty	Director	5	Director	$0	$0	$0
Frank Falatyn	Director	5	Director	$0	$0	$0
Joseph Ferraro	Director	5	Director	$0	$0	$0
Vincent Giancaspro	Director	5	Director	$0	$0	$0
Cedric Glasper	Director	5	Director	$0	$0	$0
Sean Hamilton	Director	5	Director	$0	$0	$0
Victor Narkaj	Director	5	Director	$0	$0	$0
Aaron Phipps	Director	5	Director	$0	$0	$0
Stephen Pomeroy	Director	5	Director	$0	$0	$0
George Quigley	Director	5	Director	$0	$0	$0
Jason Smith	Director	5	Director	$0	$0	$0
Oliver Stauffer	Director	5	Director	$0	$0	$0
Gretchen Zierrick	Director	5	Director	$0	$0	$0
Richard Croce	Director	5	Director	$0	$0	$0
Michael Flynn	Director	5	Director	$0	$0	$0
John Fong	Director	5	Director	$0	$0	$0
Steve Howell	Treasurer	5	Director	$0	$0	$0
Justin Lukach	Vice Chair	5	Director	$0	$0	$0
Peter Stanway	Vice Chair	5	Director	$0	$0	$0
Joseph Saltareli	Chair	5	Director	$0	$0	$0
Steffen Kador	Director	5	Director	$0	$0	$0
Diane Nameth	Director	5	Director	$0	$0	$0
Lauren Sinsheimer	Director	5	Director	$0	$0	$0
Neil McGill	Director	5	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	No data	No data	No data	No data
2024	$672,208	$596,029	$321,970	$76,179
2023	$603,830	$543,228	$258,466	$60,602
2022	$524,090	$519,910	$262,575	$4,180
2021	$378,666	$431,786	$219,051	$-53,120

COUNCIL OF INDUSTRY OF SOUTHEASTERN NEW YORK