NYC HOSPITALITY ALLIANCE IMPACT FOUNDATION

EIN: 883398651 501(c)(3) Employment

NEW YORK, NY

Total Revenue
$269,418
Total Expenses
$49,651
Total Assets
$284,773
Net Assets
$284,773
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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
NY
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.

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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 $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

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
3

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
3
$231,568
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
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
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