INSULATION CONTRACTORS ASSOCIATION OF NEW YORK CITY (EIN 237304981) - 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

1976

Legal Domicile

Principal Officer

DONALD A DONNELY JR

Phone

5169227688

Tax Period

2024-01-01 to 2024-12-31

INSULATION CONTRACTORS ASSOCIATION OF NEW YORK CITY, founded in 1976, is a small nonprofit that reported $583K in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

THE INSULATION INDUSTRY PROMOTIONAL FUND IS AN ASSOCIATION THAT PROVIDES FOR THE DISSEMINATION OF INDUSTRY INFORMATION AND IT INITIATES AND CONDUCTS EDUCATIONAL / TRAINING PROGRAMS.

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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 $541,966

Program Service Revenue $0

Investment Income $40,945

Other Revenue $0

TOTAL REVENUE $582,911

Expense Breakdown

Grants Paid $0

Salaries & Benefits $24,000

Fundraising Expenses $0

Program Expenses $402,441

Other Expenses $570,523

TOTAL EXPENSES $594,523

Year-over-Year Comparison

	2024	2023	Change
Revenue	$582,911	$524,992	+0.1%
Expenses	$594,523	$757,361	-0.2%
Net Income	$-11,612	$-232,369	-1.0%

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

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

$24,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DON DONNELLY JR	President	10.00	Officer	$5,000	$0	$5,000
CHRIS GRANDO	Vice President	8.00	Officer	$5,000	$0	$5,000
AL DURANTI	Treasurer	7.00	Officer	$3,500	$0	$3,500
TIM HARTNETT	Director	5.00	Officer	$3,500	$0	$3,500
Brian Aull	Director	5.00	Officer	$3,500	$0	$3,500
MATTHEW COYNE	Director	5.00	Officer	$3,500	$0	$3,500

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	$582,911	$594,523	$866,122	$-11,612
2023	$524,992	$757,361	$881,907	$-232,369
2022	$524,369	$606,958	$1,125,160	$-82,589
2021	$605,344	$516,163	$1,201,948	$89,181
2020	$569,735	$560,435	$1,108,055	$9,300
2019	$647,751	$517,375	$1,094,816	$130,376
2018	$652,809	$525,079	$969,784	$127,730

INSULATION CONTRACTORS ASSOCIATION OF NEW YORK CITY