NY TECH ALLIANCE INC

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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

2010

Legal Domicile

Principal Officer

CHRISTINE MCMAHON

Phone

2127274200

Tax Period

2021-10-01 to 2022-09-30

NY TECH ALLIANCE INC, founded in 2010, is a small nonprofit in the Community Improvement sector that reported $183K in total revenue in fiscal year 2021. Revenue surged 64% from the prior year, signaling strong growth momentum. Expenses of $168K left a modest 8% surplus.

Mission

OUR MISSION AT THE NY TECH ALLIANCE IS TO SUPPORT THE TECHNOLOGY COMMUNITY AND ECOSYSTEM IN OUR HOMETOWN, WITH THE GOAL OF CREATING THE MOST DIVERSE, EQUITABLE AND ACCESSIBLE TECH ECOSYSTEM IN THE WORLD. WE WORK EVERY DAY TO CONNECT BUSINESSES, STARTUPS, ENTREPRENEURS, ORGANIZATIONS, EDUCATIONAL INSTITUTIONS, GOVERNMENT, AND PEOPLE FROM ALL PARTS OF THE NEW YORK CITY TECH ECOSYSTEM TO THE RESOURCES AND NETWORKS THEY NEED TO GROW, SERVE, AND BE SUCCESSFUL. THE NY TECH ALLIANCE WAS FOUNDED IN 2016 WITH THE MERGER OF NY TECH MEETUP AND THE NEW YORK TECHNOLOGY COUNCIL, THE ORGANIZATION HAS OVER 60,000 INDIVIDUAL AND INSTITUTIONAL MEMBERS, REFLECTING THE FULL SPECTRUM OF THE GREATER NEW YORK AREA TECH COMMUNITY AND MAKING IT THE LARGEST TECH ORGANIZATION IN THE REGION. NOW PARTNERED WITH CIVIC HALL, A COMPANY OF THE FEDCAP GROUP, THE NY TECH ALLIANCE HOSTS NUMEROUS EVENTS EACH MONTH, INCLUDING DEVELOPING PRIDE, LATINA LUMINARIES, FOUNDER SPOTLIGHTS, AND VARIOUS THEMED NY TECH MEETUPS CELEBRATING BLACK WOMEN FOUNDERS, IMMIGRANT FOUNDERS, ACCESSIBILITY TECH, EDUCATIONAL TECH PROGRAMS, AND WOMEN FOUNDERS. WE ARE PROUD TO WORK IN NEW YORK CITY, A CITY OF IMMIGRANTS WHERE OVER 600 LANGUAGES ARE SPOKEN EVERY DAY. TO THIS EXTENT, WE UNDERSTAND THE IMPORTANCE OF DIVERSITY, EQUITY, AND INCLUSION AND SEEK TO MAKE THE NEW YORK CITY TECH ECOSYSTEM REPRESENTATIVE OF THE CITY IT SERVES. WHETHER YOU ARE AN IMMIGRANT, A WOMAN, BLACK OR BROWN, OR LGBTQ+, WE PROVIDE A PLATFORM FOR BOTH EARLY-STAGE AND EXPERIENCED TECHNOLOGISTS AND FOUNDERS TO FIND, NAVIGATE, BUILD, AND CONNECT WITH THE GREATEST AVAILABLE OPPORTUNITIES.

Program Service Accomplishments

Program 1

NY TECH ALLIANCE BELIEVES IN SUPPORTING FOUNDERS, ENTREPRENEURS, STARTUPS AND BUSINESSES AT ALL STAGES OF GROWTH. WE HOST SEVERAL DIFFERENT TYPES OF PROGRAMMING WITH THE AIM OF CREATING LOW BARRIERS TO ENTRY INTO THE TECH ECOSYSTEM AND CREATING THE MOST DIVERSE, EQUITABLE AND ACCESSIBLE TECH ECOSYSTEM IN THE WORLD. OUR PRINCIPAL PROGRAMS INCLUDE THE FOLLOWING: 1. NY TECH MEETUP - OUR FLAGSHIP PROGRAM, THE NY TECH MEETUP (NYTM) IS THE WORLD'S LARGEST MEETUP GROUP WITH OVER 60,000 MEMBERS. AT EACH EVENT, WE PROVIDE TIME FOR NETWORKING AMONGST THE TECH COMMUNITY MEMBERS AND FEATURE TECH DEMOES BY A DIVERSE SET OF FOUNDERS, ENTREPRENEURS, CEOS, AND LEADERS. THIS EVENT IS A PERFECT PLACE TO START IF YOU ARE NEW TO TECH, TO NEW YORK CITY, OR TO THE NEW YORK TECH ECOSYSTEM. WE WORK HARD TO CULTIVATE A CAPTIVATING PROGRAM THAT FEATURES CUTTING EDGE TECH. IT'S ALL ABOUT MEETING NEW PEOPLE AND SHOWING OFF AMAZING TECH. 2. NY TECH FORUMS - OUR NYTA FORUMS TAKE ADVANTAGE OF OUR STRONG PARTNERS AND SPONSORS, AND THE WEALTH OF KNOWLEDGE THEY CAN SHARE WITH THE NY TECH COMMUNITY. AT EACH EVENT, WE PROVIDE TIME FOR NETWORKING WITH THE EXPERTS AND DEEP DIVE INTO A TECH TOPIC REQUESTED BY OUR COMMUNITY MEMBERS, FOCUSING ON ANYTHING FROM THE LATEST TRENDS IN VCS TO ANGEL INVESTING TO IP RIGHTS. 3. NY TECH TALKS - OUR NYTA TALKS SHOWCASE INCREDIBLY TALENTED FOUNDERS, ENTREPRENEURS, AND CEOS IN THE NY TECH COMMUNITY AND BEYOND. WHETHER WE LOOK TO FILL AN AUDITORIUM OR A FIRESIDE SETTING, WE LOVE SITTING DOWN WITH EACH FOUNDER AND ENGAGING IN A CANDID AND INTIMATE CONVERSATION. WE ASK THE FOUNDERS EVERYTHING FROM THEIR FOUNDER STORY TO THE BEST THING THAT HAPPENED TO THEM THIS WEEK. 4. CEO ROUNDTABLE - TARGETING FOUNDERS, CEOS, AND LEADERS IN THE NY AREA! WE UNDERSTAND THAT BUILDING A BUSINESS CAN BE LONELY, SO WE OFFER THE OPPORTUNITY TO CONNECT WITH YOUR FELLOW CEOS IN A CONFIDENTIAL SETTING. AT EACH MEETING, WE HEAR FROM LEADERS IN DIFFERENT FIELDS AND PROVIDE AN OPPORTUNITY TO ASK QUESTIONS, SHARE SUCCESSES AND CHALLENGES, AND LEARN FROM EACH OTHER. THE NY TECH ALLIANCE HAS XXXX COMMUNITY MEMBERS, XX COMMUNITY PARTNERS AND XX DEDICATED CORPORATE SPONSORS.

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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 (2021)

Revenue Breakdown

Contributions & Grants $34,138

Program Service Revenue $148,308

Investment Income $0

Other Revenue $251

TOTAL REVENUE $182,697

Expense Breakdown

Grants Paid $0

Salaries & Benefits $55,470

Fundraising Expenses $0

Other Expenses $112,923

TOTAL EXPENSES $168,393

Year-over-Year Comparison

	2021	2020	Change
Revenue	$182,697	$111,404	+0.6%
Expenses	$168,393	$137,148	+0.2%
Net Income	$14,304	$-25,744	-1.6%

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

$1,262,766

Total Directors

$209,629

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDREW RASIEJ	CHAIR EMERITUS	2.00	Director	$0	$14,074	$209,629
DAVID ALPAGO	TREASURER	3.00	Officer Director	$0	$0	$0
DEBORAH BARTA	DIRECTOR	2.00	Director	$0	$0	$0
GABBY MUNOZ	DIRECTOR	2.00	Director	$0	$0	$0
JASON LEDER	DIRECTOR	2.00	Director	$0	$0	$0
JOHN DELALIO	DIRECTOR	2.00	Director	$0	$0	$0
JOY MARCUS	DIRECTOR	2.00	Director	$0	$0	$0
PAUL ELLIS	SECRETARY	5.00	Officer Director	$0	$0	$0
SAPNA SHAH	DIRECTOR	2.00	Director	$0	$0	$0
TED BROWN	DIRECTOR	2.00	Director	$0	$0	$0
THATCHER BELL	CHAIR	2.00	Officer Director	$0	$0	$0
YVONNE DE LA PENA	DIRECTOR	2.00	Director	$0	$0	$0
SHAUN JOHNSON	DIRECTOR	2.00	Director	$0	$0	$0
DONNEL BAIRD	DIRECTOR	2.00	Director	$0	$0	$0
GEORGIE-ANN GETTON	DIRECTOR	2.00	Director	$0	$0	$0
XIAN HORN	DIRECTOR	2.00	Director	$0	$0	$0
JEFF LINDOR	DIRECTOR	2.00	Director	$0	$0	$0
CHRISTINE MCMAHON	PRESIDENT AND CEO	1.00	Officer	$0	$168,958	$755,901
CAROL KHOURY	CHIEF FINANCIAL OFFICER	1.00	Officer	$0	$27,193	$298,809
KENNETH S BREZENOFF	GEN COUNSEL & VP STRAT. INIT.	1.00	Officer	$0	$8,151	$208,056
ANDY SALDANA	DIRECTOR	40.00	Officer	$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
2022	$182,697	$168,393	$39,679	$14,304
2021	$111,404	$137,148	$54,934	$-25,744
2020	$221,117	$171,892	$42,889	$49,225
2019	$192,386	$290,564	$31,410	$-98,178
2018	$321,723	$266,774	$50,437	$54,949