THE CORNELL CENTER OF NEW YORK

EIN: 161301416

NEW YORK, NY

Total Revenue
$11,473,251
Total Expenses
$11,134,049
Total Assets
$12,473,890
Net Assets
$9,253,976
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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
1989
Legal Domicile
NY
Principal Officer
DAVID K WHITMORE
Phone
2126921375
Tax Period
2023-07-01 to 2024-06-30

THE CORNELL CENTER OF NEW YORK, founded in 1989, is a mid-sized nonprofit that reported $11.5M in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion.

Mission

THE CORNELL CLUB PROVIDES AN UNSURPASSED LEVEL OF HOSPITALITY AND EXCEPTIONAL QUALITY OF SERVICE WHILE BEING "HOME AWAY FROM HOME" FOR OUR MEMBERS, GUESTS AND OTHERS.

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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 $4,935,962
Investment Income $8,408
Other Revenue $6,528,881
TOTAL REVENUE $11,473,251

Expense Breakdown

Grants Paid $0
Salaries & Benefits $7,014,318
Fundraising Expenses $0
Other Expenses $4,119,731
TOTAL EXPENSES $11,134,049

Year-over-Year Comparison

2023 2022 Change
Revenue $11,473,251 $9,745,270 +0.2%
Expenses $11,134,049 $10,028,991 +0.1%
Net Income $339,202 $-283,721 -2.2%
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

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Governance

Voting Members
1
Independent Members
1
Employees
79
Volunteers
1

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
0
$0
Total Directors
6
$0
Key Employees
2
$648,232
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN P NEAFSEY CHAIRMAN 3.00
Director
$0 $0 $0
ROBERT CHODKOCK DIRECTOR 3.00
Director
$0 $0 $0
KAREN KEATING DIRECTOR 3.00
Director
$0 $0 $0
JOEL MOLINA DIRECTOR 3.00
Director
$0 $0 $0
SCHALINI MIMANI DIRECTOR 3.00
Director
$0 $0 $0
MICHELLE JENNIFER VAETH DIRECTOR 3.00
Director
$0 $0 $0
CRAIG LASNIER GENERAL MANAGER 40.00
Key Emp
$254,310 $54,344 $308,654
TIM DELLA PACE DIRECTOR OF OPERATIONS 40.00
Key Emp
$271,999 $67,579 $339,578
ELENA MITRONICH CONTROLLER 40.00
Highest
$239,056 $39,081 $278,137
MICHAEL RIZZO EXECUTIVE CHEF 40.00
Highest
$134,421 $41,988 $176,409
KERRY STRASSEL DIRECTOR OF MARKETING 40.00
Highest
$123,073 $52,172 $175,245
DANIELLE SALERA DIRECTOR OF CATERING 40.00
Highest
$151,028 $54,987 $206,015
LARA CHRISOMALIS DIRECTOR OF MEMBERSHIP 40.00
Highest
$107,134 $11,649 $118,783
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 $11,473,251 $11,134,049 $12,473,890 $339,202
2023 $9,745,270 $10,028,991 $12,141,780 $-283,721
2022 $7,506,049 $8,022,966 $12,469,105 $-516,917
2021 $3,889,057 $6,037,620 $12,702,001 $-2,148,563
2020 $8,871,307 $10,151,229 $14,284,955 $-1,279,922
2019 $11,358,402 $11,859,807 $15,477,013 $-501,405
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