NEW YORK CITY H2O INC

EIN: 453860014 501(c)(3) Public & Societal Benefit

NEW YORK, NY

Total Revenue
$1,317,647
Total Expenses
$1,167,356
Total Assets
$354,474
Net Assets
$346,492
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
NY
Principal Officer
MATTHEW MALINA
Phone
9176562984
Tax Period
2024-01-01 to 2024-12-31

NEW YORK CITY H2O INC, founded in 2012, is a community nonprofit in the Public & Societal Benefit sector that reported $1.3M in total revenue in fiscal year 2024. Revenue surged 44% from the prior year, signaling strong growth momentum. Expenses of $1.2M left a modest 11% surplus.

Mission

NEW YORK CITY H2O INC. OFFERS EDUCATIONAL PROGRAMS ABOUT WATER AND WASTE TREATMENT SYSTEMS(IN NEW YORK CITY AND ELSEWHERE) TO INTERESTED MEMBERS OF THE PUBLIC. THE GOAL IS TO RAISE AWARENESS ABOUT THE WATER SYSTEM AND WASTE TREATMENT PROCESSES (INCLUDING SEWAGE TREATMENT AND RECYCLING); EXPAND THE UNDERSTANDING THAT SIGNIFICANT RESOURCES AND SKILL ARE REQUIRED TO ESTABLISH, MAINTAIN, AND IMPROVE THE PUBLIC WATER SYSTEM AND WASTE TREATMENT SYSTEMS; AND ENCOURAGE RECYCLING TO REDUCE THE BURDEN IMPOSED ON SUCH SYSTEM. NEW YORK CITY H2O, INC. IS ORGANIZED EXCLUSIVELY FOR CHARITABLE EDUCATIONAL, AND SCIENTIFIC PURPOSES, INCLUDING, FOR SUCH PURPOSES, THE MAKING OF DISTRIBUTIONS TO ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANIZATIONS UNDER SECTION 501 (C)(3) OF THE INTERNAL REVENUE CODE, OR THE CORRESPONDING SECTION OF ANY FUTURE FEDERAL TAX CODE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,312,571
Program Service Revenue $3,269
Investment Income $1,807
Other Revenue $0
TOTAL REVENUE $1,317,647

Expense Breakdown

Grants Paid $0
Salaries & Benefits $980,671
Fundraising Expenses $2,703
Program Expenses $996,745
Other Expenses $186,685
TOTAL EXPENSES $1,167,356

Year-over-Year Comparison

2024 2023 Change
Revenue $1,317,647 $915,900 +0.4%
Expenses $1,167,356 $978,828 +0.2%
Net Income $150,291 $-62,928 -3.4%
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
8
Independent Members
8
Employees
26
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
3
$0
Total Directors
8
$233,460
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PETER FRISHAUF BOARD PRESIDENT 2.00
Officer Director
$0 $0 $0
MATTHEW MALINA EXECUTIVE DIRECTOR 60.00
Director
$130,000 $11,036 $141,036
ARCILIA DERENZO DIRECTOR 1.00
Director
$0 $0 $0
FROMA HARROP DIRECTOR 1.00
Director
$0 $0 $0
DAMIAN GRIFFIN TREASURER 1.00
Officer Director
$0 $0 $0
DAVID CHUCHUCA EDUCATION DIRECTOR 40.00
Director
$81,624 $10,800 $92,424
CHAD BERKOWITZ SECRETARY 1.00
Officer Director
$0 $0 $0
ELISSA SAMPSON DIRECTOR 1.00
Director
$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
2024 $1,317,647 $1,167,356 $354,474 $150,291
2023 $915,900 $978,828 $158,107 $-62,928
2022 $835,917 $735,346 $221,322 $100,571
2021 $653,567 $579,483 $123,554 $74,084
2020 $352,529 $387,056 $76,052 $-34,527
2019 $380,380 $332,333 $80,935 $48,047
2018 $251,960 $237,267 $31,496 $14,693
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