HOSPITALITY INDUSTRY ADVANCEMENT T… - 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

2021

Legal Domicile

Principal Officer

JAMES GENTILE

Phone

2157839015

Tax Period

2025-01-01 to 2025-12-31

HOSPITALITY INDUSTRY ADVANCEMENT TRUST FUND, founded in 2021, is a small nonprofit in the Employment sector that reported $311K in total revenue in fiscal year 2025. Revenue fell 48% from the prior year — a significant decline worth monitoring.

Mission

THE PROMOTION OF THE HOSPITALITY INDUSTRY BY ESTABLISHING THE HIAF TRUST FUND.

Program Service Accomplishments

Program 1

THE PROMOTION OF THE HOSPITALITY INDUSTRY BY ESTABLISHING THE HIAF TRUST FUND.

Program 2

THE IMPROVEMENT OF COMMUNICATION BETWEEN REPRESENTATIVES OF LABOR AND MANAGEMENT, AND THE PROMOTION OF COOPERATIVE AND HARMONIOUS RELATIONS BETWEEN LABOR AND MANAGEMENT IN THE HOSPITALITY INDUSTRY.

Program 3

PROVIDING TO LABOR AND MANAGEMENT OPPORTUNITIES TO STUDY AND EXPLORE NEW AND INNOVATIVE JOINT APPROACHES TO ACHIEVING ORGANIZATIONAL EFFECTIVENESS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $311,414

Investment Income $0

Other Revenue $0

TOTAL REVENUE $311,414

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $325,381

TOTAL EXPENSES $325,381

Year-over-Year Comparison

	2025	2024	Change
Revenue	$311,414	$597,311	-0.5%
Expenses	$325,381	$239,394	+0.4%
Net Income	$-13,967	$357,917	-1.0%

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
MICHAEL BARNES	CHAIRMAN	5.00	Officer	$0	$0	$0
JOHN MCNICHOL	VICE-CHAIRMAN	5.00	Officer	$0	$0	$0
JAMES GENTILE	TREASURER	5.00	Officer	$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	$311,414	$325,381	$582,958	$-13,967
2024	No data	No data	No data	No data

HOSPITALITY INDUSTRY ADVANCEMENT TRUST FUND