NYC HOSPITALITY ALLIANCE IMPACT FO… - 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

2022

Legal Domicile

Principal Officer

ANDREW RIGIE

Phone

2125822506

Tax Period

2023-01-01 to 2023-12-31

NYC HOSPITALITY ALLIANCE IMPACT FOUNDATION, founded in 2022, is a small nonprofit in the Employment sector that reported $269K in total revenue in fiscal year 2023. Revenue surged 314% from the prior year, signaling strong growth momentum. The organization ran a surplus of $220K, a strong 82% operating margin.

Mission

SUPPORTING A THRIVING AND SUSTAINABLE INDEPENDENT RESTAURANT AND NIGHTLIFE COMMUNITY ACROSS THE FIVE BOROUGHS.

Program Service Accomplishments

Program 1

Expenses: $41,199

WORKER SUPPORT ACTIVITIES - THE ORGANIZATION WILL FOCUS ON EDUCATING, TRAINING, AND SUPPORTING INDIVIDUALS IN THE HOSPITALITY INDUSTRY WHO RESIDE IN NEW YORK'S FIVE BOROUGHS.

Program 2

EMERGENCY FUND - THE ORGANIZATION HAS ESTABLISHED AN EMERGENCY FUND TO FACILITATE CONTRIBUTIONS TO NEW YORKERS IN NEED. THE NYC HOSPITALITY IMPACT FOUNDATION WILL SOLICIT DONATIONS AND OVERSEE...

EMERGENCY FUND - THE ORGANIZATION HAS ESTABLISHED AN EMERGENCY FUND TO FACILITATE CONTRIBUTIONS TO NEW YORKERS IN NEED. THE NYC HOSPITALITY IMPACT FOUNDATION WILL SOLICIT DONATIONS AND OVERSEE INDUSTRY EFFORTS TO COORDINATE THE DONATION OF RESTAURANT MEALS TO NEW YORKERS WHO ARE DISPLACED FORM THEIR HOMES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $269,130

Program Service Revenue $0

Investment Income $288

Other Revenue $0

TOTAL REVENUE $269,418

Expense Breakdown

Grants Paid $36,300

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $41,199

Other Expenses $13,351

TOTAL EXPENSES $49,651

Year-over-Year Comparison

	2023	2022	Change
Revenue	$269,418	$65,006	+3.1%
Expenses	$49,651	N/A	N/A
Net Income	$219,767	$65,006	+2.4%

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

$231,568

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFFREY BANK	SEC., TREAS & DIRECTOR	1.00	Officer Director	$0	$0	$0
MELBA WILSON	VP & DIRECTOR	1.00	Officer Director	$0	$0	$0
TERENCE TUBRIDY	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW RIGIE	PRESIDENT	1.00	Officer	$0	$5,568	$231,568

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
2023	$269,418	$49,651	$284,773	$219,767
2023	$137,118	$49,651	$142,473	$87,467

NYC HOSPITALITY ALLIANCE IMPACT FOUNDATION