NEW YORK CITY HOSPITALITY ALLIANCE… - 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

2011

Legal Domicile

Principal Officer

ANDREW RIGIE

Phone

2125822506

Tax Period

2023-11-01 to 2024-10-31

NEW YORK CITY HOSPITALITY ALLIANCE INC, founded in 2011, is a community nonprofit in the Community Improvement sector that reported $1.5M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. The organization ran a surplus of $226K, a strong 15% operating margin.

Mission

THE ORGANIZATION IS A TRADE ASSOCIATION FOR PROVIDERS OF HOSPITALITY SERVICES IN NEW YORK CITY. ITS' PURPOSE IS TO ADVOCATE ON BEHALF OF THE INDUSTRY, CONDUCT EDUCATIONAL PROGRAMS ON LAWS AND REGULATIONS, LOBBY GOVERNMENT AGENCIES AND ELECTED LEADERS, AND FOSTER A POSITIVE BUSINESS CLIMATE FOR THE INDUSTRY.

Program Service Accomplishments

Program 1

THE ORGANIZATION REGULARLY ADVOCATES ON BEHALF OF HOSPITALITY INDUSTRY AND LOBBIES GOVERNMENT AGENCIES AND ELECTED OFFICIALS TO HELP FOSTER A POSITIVE BUSINESS CLIMATE FOR THE INDUSTRY.

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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 $756

Program Service Revenue $1,408,118

Investment Income $58,312

Other Revenue $3,742

TOTAL REVENUE $1,470,928

Expense Breakdown

Grants Paid $0

Salaries & Benefits $494,593

Fundraising Expenses $0

Other Expenses $750,518

TOTAL EXPENSES $1,245,111

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,470,928	$1,349,194	+0.1%
Expenses	$1,245,111	$1,036,102	+0.2%
Net Income	$225,817	$313,092	-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

$261,877

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAUL SERES	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
MITCHELL BANCHIK	TREASURER	1.00	Officer Director	$0	$0	$0
ABRAHAM MERCHANT	DIRECTOR	1.00	Director	$0	$0	$0
ALFREDO ANGUEIRA	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW SCHNIPPER	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW WALCOTT	DIRECTOR	1.00	Director	$0	$0	$0
ANGELA TERRY	DIRECTOR	1.00	Director	$0	$0	$0
ANTHONY RAMIREZ II	DIRECTOR	1.00	Director	$0	$0	$0
ARISTOTLE HATZIGEORGIOU	DIRECTOR	1.00	Director	$0	$0	$0
ARTHUR LI	DIRECTOR	1.00	Director	$0	$0	$0
BEATRICE AJAERO	DIRECTOR	1.00	Director	$0	$0	$0
BILL BONBREST	DIRECTOR	1.00	Director	$0	$0	$0
BLAIR PAPAGNI	DIRECTOR	1.00	Director	$0	$0	$0
BOBBIE LLOYD PETRACCA	DIRECTOR	1.00	Director	$0	$0	$0
BRICE JONES	DIRECTOR	1.00	Director	$0	$0	$0
CARLOS SUAREZ	DIRECTOR	1.00	Director	$0	$0	$0
CARLOS SWEPSON	DIRECTOR	1.00	Director	$0	$0	$0
CAROLYN RICHMOND	DIRECTOR	1.00	Director	$0	$0	$0
CATERINA SKENDERI	DIRECTOR	1.00	Director	$0	$0	$0
CHIKAKO ICHIHARA	DIRECTOR	1.00	Director	$0	$0	$0
CRIZETE WOODS	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL ABRAMS	DIRECTOR	1.00	Director	$0	$0	$0
DAVID MOHALLY	DIRECTOR	1.00	Director	$0	$0	$0
DAVID RABIN	DIRECTOR	1.00	Director	$0	$0	$0
DAWN KELLY	DIRECTOR	1.00	Director	$0	$0	$0
DENNIS NGO	DIRECTOR	1.00	Director	$0	$0	$0
DHRUV CHOPRA	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH MURRAY	DIRECTOR	1.00	Director	$0	$0	$0
FRANTZ METELLUS	DIRECTOR	1.00	Director	$0	$0	$0
GARRET RONAN	DIRECTOR	1.00	Director	$0	$0	$0
GEORGE CONSTANTINOU	DIRECTOR	1.00	Director	$0	$0	$0
GEORGE TENEDIOS	DIRECTOR	1.00	Director	$0	$0	$0
GREGORY GIANNONE	DIRECTOR	1.00	Director	$0	$0	$0
IVY STARK	DIRECTOR	1.00	Director	$0	$0	$0
JACLYN BERNSTEIN	DIRECTOR	1.00	Director	$0	$0	$0
JAMES MALLIOS	DIRECTOR	1.00	Director	$0	$0	$0
JAMES WALKER	DIRECTOR	1.00	Director	$0	$0	$0
JEFFREY BANK	DIRECTOR	1.00	Director	$0	$0	$0
JESSICA BURKINS	DIRECTOR	1.00	Director	$0	$0	$0
JIMMY RIZVI	DIRECTOR	1.00	Director	$0	$0	$0
JOHN RIGOS	DIRECTOR	1.00	Director	$0	$0	$0
JOHN WANG	DIRECTOR	1.00	Director	$0	$0	$0
JON NEIDICH	DIRECTOR	1.00	Director	$0	$0	$0
JONAH PHILLIPS	DIRECTOR	1.00	Director	$0	$0	$0
JONATHAN FORGASH	DIRECTOR	1.00	Director	$0	$0	$0
JUDY TEPPERBERG	DIRECTOR	1.00	Director	$0	$0	$0
KARL FRANZ WILLIANS	DIRECTOR	1.00	Director	$0	$0	$0
KEITA SATO	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN ALICEA	DIRECTOR	1.00	Director	$0	$0	$0
KIM HARRIS	DIRECTOR	1.00	Director	$0	$0	$0
KRISTINE GARLISI	DIRECTOR	1.00	Director	$0	$0	$0
LILI LYNTON	DIRECTOR	1.00	Director	$0	$0	$0
LOYCENT GORDON	DIRECTOR	1.00	Director	$0	$0	$0
MARIBEL ARAUJO	DIRECTOR	1.00	Director	$0	$0	$0
MARK BARAK	DIRECTOR	1.00	Director	$0	$0	$0
MARK FOX	DIRECTOR	1.00	Director	$0	$0	$0
MARTIN WHELAN	DIRECTOR	1.00	Director	$0	$0	$0
MASSIMO FELICI	DIRECTOR	1.00	Director	$0	$0	$0
MEGAN RICKERSON	DIRECTOR	1.00	Director	$0	$0	$0
MELANIE FROST	DIRECTOR	1.00	Director	$0	$0	$0
MELBA WILSON	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL BRADY	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL JACOBS	DIRECTOR	1.00	Director	$0	$0	$0
MONA BIRJEEB	DIRECTOR	1.00	Director	$0	$0	$0
NICK NEOCLEOUS	DIRECTOR	1.00	Director	$0	$0	$0
PAUL ITALIA	DIRECTOR	1.00	Director	$0	$0	$0
PEI WEI	DIRECTOR	1.00	Director	$0	$0	$0
PHILIP FARINACCI	DIRECTOR	1.00	Director	$0	$0	$0
PHILIPPE MASSOUD	DIRECTOR	1.00	Director	$0	$0	$0
RICHIE ROMERO	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT BOOKMAN	DIRECTOR	1.00	Director	$0	$0	$0
RONEN KAMINITZ	DIRECTOR	1.00	Director	$0	$0	$0
ROSEANN MCSORLEY	DIRECTOR	1.00	Director	$0	$0	$0
SAM GOLDFINGER	DIRECTOR	1.00	Director	$0	$0	$0
SANDRA JAQUEZ	DIRECTOR	1.00	Director	$0	$0	$0
SHAUN ROSE	DIRECTOR	1.00	Director	$0	$0	$0
SHAW-NAE DIXON	DIRECTOR	1.00	Director	$0	$0	$0
SIMON OREN	DIRECTOR	1.00	Director	$0	$0	$0
SIMON POWLESS	DIRECTOR	1.00	Director	$0	$0	$0
SOPHIE BRUSCHI	DIRECTOR	1.00	Director	$0	$0	$0
STEPHANIE BROWN	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN POVICH	DIRECTOR	1.00	Director	$0	$0	$0
SUSANNAH KOTEEN	DIRECTOR	1.00	Director	$0	$0	$0
TERENCE TUBRIDY	DIRECTOR	1.00	Director	$0	$0	$0
THEODORE ARENAS	DIRECTOR	1.00	Director	$0	$0	$0
TIFFANY BURKETT	DIRECTOR	1.00	Director	$0	$0	$0
VARUN KATARIA	DIRECTOR	1.00	Director	$0	$0	$0
ZACHARY CHODOROW	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW RIGIE	EXECUTIVE DIRECTOR	60.00	Officer	$253,877	$8,000	$261,877

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	$1,470,928	$1,245,111	$1,590,287	$225,817
2023	$1,349,194	$1,036,102	$1,356,345	$313,092
2022	$1,027,349	$978,141	$1,196,115	$49,208
2021	$655,093	$746,941	$1,136,779	$-91,848
2020	$645,443	$888,672	$1,059,831	$-243,229
2019	$1,015,127	$934,776	$1,308,060	$80,351
2018	$904,595	$899,841	$1,222,709	$4,754

NEW YORK CITY HOSPITALITY ALLIANCE INC