THE STEEL INSTITUTE OF NEW YORK (EIN 237112720) - 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

1972

Legal Domicile

Principal Officer

STEVEN N DAVI

Phone

2126975553

Tax Period

2024-07-01 to 2025-06-30

THE STEEL INSTITUTE OF NEW YORK, founded in 1972, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2024. Revenue surged 34% from the prior year, signaling strong growth momentum. Expenses of $1.2M left a modest 12% surplus.

Mission

PROMOTE THE USE OF STEEL IN NY CONSTRUCTION

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $704,287

Investment Income $649,100

Other Revenue $0

TOTAL REVENUE $1,353,387

Expense Breakdown

Grants Paid $143,000

Salaries & Benefits $429,974

Fundraising Expenses $0

Other Expenses $624,090

TOTAL EXPENSES $1,197,064

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,353,387	$1,009,612	+0.3%
Expenses	$1,197,064	$1,344,092	-0.1%
Net Income	$156,323	$-334,480	-1.5%

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

$322,141

Total Directors

$322,141

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT SAMELA	TRUSTEE,CHAIRMAN	0.10	Director	$0	$0	$0
JAKE BIDOSKY	TRUSTEE	0.10	Director	$0	$0	$0
ROBERT WEISS	TRUSTEE	0.10	Director	$0	$0	$0
KRIS AMPLO	TRUSTEE	0.10	Director	$0	$0	$0
TERRY FLYNN	TRUSTEE	0.10	Director	$0	$0	$0
BARRY KING	TRUSTEE	0.10	Director	$0	$0	$0
STEVEN N DAVI	EXECUTIVE DIRECTOR	20.00	Officer Director	$116,492	$63,351	$322,141
BILL MATRE	TRUSTEE	0.10	Director	$0	$0	$0
DAVE PISACRITA	TRUSTEE	0.10	Director	$0	$0	$0
PETER MAGLICIC	TRUSTEE	0.10	Director	$0	$0	$0
GARY HIGBEE	DIRECTOR OF INDUSTRY DEVEL	20.00	Highest	$232,052	$103,589	$335,641
JACQUELYN RIVERA	OFFICE MANAGER/CFO	20.00	Highest	$128,955	$78,002	$206,957

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	$1,353,387	$1,197,064	$9,162,789	$156,323
2024	$1,009,612	$1,344,092	$8,998,880	$-334,480
2023	$889,961	$1,357,009	$9,333,359	$-467,048
2022	$1,171,516	$1,261,825	$9,800,407	$-90,309
2021	$2,341,958	$1,301,041	$9,890,716	$1,040,917
2020	$1,100,168	$1,220,395	$8,849,799	$-120,227
2019	$1,374,052	$1,424,253	$8,970,026	$-50,201

THE STEEL INSTITUTE OF NEW YORK