NEW YORK CHAPTER OF CORENET GLOBAL INC (EIN 455051907) - 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

WILLIAM MONAGHAN

Phone

2124507300

Tax Period

2024-04-01 to 2025-03-31

NEW YORK CHAPTER OF CORENET GLOBAL INC, founded in 2012, is a community nonprofit in the Community Improvement sector that reported $1.7M in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year.

Mission

THE MISSION OF THE NEW YORK CITY CHAPTER IS TO CONNECT GROUPS OF PROFESSIONALS, END-USERS AND SERVICEPROVIDERS IN ORDER TO ADVANCE KNOWLEDGE, PROMOTE PERSONAL EXCELLENCE AND ADD VALUE TO EACHINDIVIDUAL AND THEIR RESPECTIVE ENTERPRISES. OUR CHAPTER ACCOMPLISHES OUR MISSION THROUGH FACILITATINGAND SPONSORING A VARIETY OF DIVERSIFIED PROGRAMS THAT PROVIDE MEMBERS EDUCATIONAL AND NETWORKINGOPPORTUNITIES.

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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 $0

Program Service Revenue $1,707,487

Investment Income $33

Other Revenue $12,660

TOTAL REVENUE $1,720,180

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,783,872

TOTAL EXPENSES $1,783,872

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,720,180	$1,892,931	-0.1%
Expenses	$1,783,872	$1,886,287	-0.1%
Net Income	$-63,692	$6,644	-10.6%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MINDY WILLIAMS-MCELEARNEY	CHAIR	5.00	Officer Director	$0	$0	$0
CHRISTIAN BRYAN	PRESIDENT	5.00	Officer Director	$0	$0	$0
SONYA DUFNER	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
WILL MONAGHAN	TREASURER	5.00	Officer Director	$0	$0	$0
SANDRA YENCHO	SECRETARY	5.00	Officer Director	$0	$0	$0
JASON ASTER	INTERIM SECRETARY	5.00	Officer Director	$0	$0	$0
MARGAUX JAFFA	DIRECTOR	3.00	Director	$0	$0	$0
COURTNEY GRILL	DIRECTOR	3.00	Director	$0	$0	$0
LAURA PATEL	DIRECTOR	3.00	Director	$0	$0	$0
JEREMY LIBBY	DIRECTOR	3.00	Director	$0	$0	$0
DEBRA COLE	DIRECTOR	3.00	Director	$0	$0	$0
ARIEL ZURAD	DIRECTOR	3.00	Director	$0	$0	$0
HOLLY MARTIN	DIRECTOR	3.00	Director	$0	$0	$0
MICHAEL MARTINO	DIRECTOR	3.00	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
2025	$1,720,180	$1,783,872	$988,786	$-63,692
2024	$1,892,931	$1,886,287	$1,113,412	$6,644
2023	$1,365,929	$955,757	$1,073,425	$410,172
2022	$1,024,304	$1,027,515	$630,160	$-3,211
2021	$438,689	$406,656	$645,783	$32,033
2020	$1,318,813	$1,732,131	$596,629	$-413,318
2019	$1,413,863	$1,688,825	$1,022,053	$-274,962
2018	$1,434,094	$1,496,607	$1,291,392	$-62,513

NEW YORK CHAPTER OF CORENET GLOBAL INC