NYC FIRST Inc

EIN: 462754933 501(c)(3) Youth Development

New York, NY

Total Revenue
$4,599,562
Total Expenses
$3,580,032
Total Assets
$2,732,318
Net Assets
$1,912,667
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2013
Legal Domicile
DE
Principal Officer
Michael Zigman
Phone
3478341743
Tax Period
2023-07-01 to 2024-06-30

NYC FIRST Inc, founded in 2013, is a community nonprofit in the Youth Development sector that reported $4.6M in total revenue in fiscal year 2023. Revenue surged 31% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.0M, a strong 22% operating margin.

Mission

NYC FIRST's mission is to inspire and empower K-12 students from diverse communities across New York City each year to engage with STEM and robotics in meaningful and joyful ways. It creates learning experiences that encourage young people to think critically and creatively and to persevere. Its programs set young people on pathways to success academically and professionally.

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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 (2023)

Revenue Breakdown

Contributions & Grants $4,017,223
Program Service Revenue $631,891
Investment Income $36,116
Other Revenue $-85,668
TOTAL REVENUE $4,599,562

Expense Breakdown

Grants Paid $215,780
Salaries & Benefits $2,190,493
Fundraising Expenses $526,489
Program Expenses $2,789,256
Other Expenses $1,173,759
TOTAL EXPENSES $3,580,032

Year-over-Year Comparison

2023 2022 Change
Revenue $4,599,562 $3,521,549 +0.3%
Expenses $3,580,032 $2,980,384 +0.2%
Net Income $1,019,530 $541,165 +0.9%
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

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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
6
Employees
23
Volunteers
1106

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
4
$332,672
Total Directors
8
$332,672
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Michael Zigman CEO 55.00
Officer Director
$300,467 $32,205 $332,672
Michael Dubno Director, Co-Chairman 1.00
Officer Director
$0 $0 $0
David Siegel Director, Co-Chairman 1.00
Officer Director
$0 $0 $0
Armen Avanessians Director 1.00
Director
$0 $0 $0
Gilda Barabino Director 1.00
Director
$0 $0 $0
Anne Kirschner Director 1.00
Director
$0 $0 $0
Karl Sprules Director 1.00
Director
$0 $0 $0
Ulrike Hoffmann-Burchardi Director 1.00
Director
$0 $0 $0
Lyudmila Koyenova Treasurer 1.00
Officer
$0 $0 $0
Michelle Sharkey Director of Development 40.00
Highest
$113,827 $13,120 $126,947
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 $4,599,562 $3,580,032 $2,732,318 $1,019,530
2023 $3,521,549 $2,980,384 $1,104,054 $541,165
2022 $2,651,745 $2,687,954 $662,453 $-36,209
2021 $2,125,543 $2,211,276 $586,689 $-85,733
2020 $1,995,231 $2,139,557 $817,702 $-144,326
2019 $2,429,945 $2,561,393 $731,043 $-131,448
2018 $2,003,336 $1,889,273 $923,419 $114,063
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