HOSPITALITY INDUSTRY TRAINING & EDUCATION FUND (EIN 454884254) - 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

2012

Legal Domicile

Principal Officer

JORGE E GALVEZ

Phone

3105971898

Tax Period

2024-01-01 to 2024-12-31

HOSPITALITY INDUSTRY TRAINING & EDUCATION FUND, founded in 2012, is a community nonprofit in the Employment sector that reported $7.4M in total revenue in fiscal year 2024. Revenue fell 70% from the prior year — a significant decline worth monitoring. Expenses of $8.7M exceeded revenue, resulting in a 17% operating deficit.

Mission

TRAINING INDIVIDUALS WORKING OR DESIRING TO WORK IN THE HOSPITALITY INDUSTRY AND OTHER PROGRAMS DESCRIBED IN THE TRUST.

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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 $5,067,577

Program Service Revenue $1,181,998

Investment Income $714,755

Other Revenue $470,664

TOTAL REVENUE $7,434,994

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,447,237

Fundraising Expenses $0

Program Expenses $6,931,997

Other Expenses $4,286,627

TOTAL EXPENSES $8,733,864

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,434,994	$24,457,058	-0.7%
Expenses	$8,733,864	$4,489,240	+0.9%
Net Income	$-1,298,870	$19,967,818	-1.1%

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

$424,346

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ADINE FORMAN	EXECUTIVE DIRECTOR	40.0	Officer	$156,353	$86,125	$242,478
AARON GREENBERG	DEPUTY DIRECTOR	40.0	Highest	$161,207	$30,662	$191,869
MITCHELL FRIEDER	DIR FOOD & BEV TRAINING	40.0	Highest	$184,698	$6,236	$190,934
JORGE E GALVEZ	DIRECTOR OF FINANCE	40.0	Officer	$144,892	$36,976	$181,868
ADRINEH TERANTONIANS	DIRECTOR WORKFORCE SYSTEMS	40.0	Highest	$161,657	$6,264	$167,921
STEPHANIE KOONTZ	DIRECTOR	40.0	Highest	$118,948	$25,652	$144,600
DANIEL HAROLD	CULINARY INSTRUCTOR	40.0	Highest	$90,732	$22,473	$113,205
SUSAN MINATO	CHAIR, UNION TRUSTEE	1.0	Officer Director	$0	$0	$0
JAIME CLOUGH	SECRETARY, EMPLOYER TRUSTEE	1.0	Officer Director	$0	$0	$0
KURT PETERSON	UNION TRUSTEE	1.0	Director	$0	$0	$0
KARINE MANSOORIAN	UNION TRUSTEE	1.0	Director	$0	$0	$0
BEATRIZ TOPETE	UNION TRUSTEE (ALTERNATE)	1.0	Director	$0	$0	$0
DYLAN DANEY	UNION TRUSTEE (ALTERNATE)	1.0	Director	$0	$0	$0
AUSTIN LYNCH	UNION TRUSTEE (ALTERNATE)	1.0	Director	$0	$0	$0
DAN STIMMLER	EMPLOYER TRUSTEE	1.0	Director	$0	$0	$0
MICHELE GAUL	EMPLOYER TRUSTEE	1.0	Director	$0	$0	$0
JAVIER CANO	EMPLOYER TRUSTEE (ALTERNATE)	1.0	Director	$0	$0	$0
LARRY LABRADO	EMPLOYER TRUSTEE (ALTERNATE)	1.0	Director	$0	$0	$0
LEA NISSEN	EMPLOYER TRUSTEE (ALTERNATE)	1.0	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	$7,434,994	$8,733,864	$25,004,921	$-1,298,870
2023	$24,457,058	$4,489,240	$26,474,295	$19,967,818
2022	$4,635,663	$4,765,689	$4,875,109	$-130,026
2021	$24,436,867	$26,323,478	$5,209,083	$-1,886,611
2020	$35,564,987	$30,985,478	$10,136,906	$4,579,509
2019	$1,940,677	$2,178,954	$2,347,544	$-238,277
2019	$1,938,975	$2,236,762	$2,341,150	$-297,787
2018	$2,400,805	$2,277,822	$2,502,917	$122,983
2018	$2,330,597	$2,378,773	$2,346,553	$-48,176
2017	$1,911,439	$1,894,930	$2,397,387	$16,509

HOSPITALITY INDUSTRY TRAINING & EDUCATION FUND