NEW YORK CITY CONVENTION HOST COMM… - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2022

Legal Domicile

Principal Officer

MICHAEL SIMON

Phone

6465777601

Tax Period

2022-10-11 to 2023-09-30

NEW YORK CITY CONVENTION HOST COMMITTEE, founded in 2022, is a small nonprofit that reported $608K in total revenue in fiscal year 2022. Expenses of $556K left a modest 8% surplus.

Mission

TO SUPPORT AND ADVANCE SOCIAL WELFARE TO BENEFIT THE COMMON GOOD AND GENERAL WELFARE OF THE COMMUNITY, INCLUDING TO PROMOTE TOURISM, GROWTH IN EMPLOYMENT AND PUBLIC POLICY ISSUES FOR THE ECONOMIC WELL-BEING OF THE CITIZENS OF THE STATE OF NEW YORK; TO LESSEN THE BURDEN OF GOVERNMENT AND PROMOTE ECONOMIC GROWTH, DEVELOPMENT AND COMMUNITY IMPROVEMENT TO THE NEW YORK CITY REGION AND NEW YORK STATE BY ENCOURAGING AND PROMOTING NEW YORK CITY AS THE SIGHT OF A NATIONAL CONVENTION.

Program Service Accomplishments

Program 1

IN ORDER TO BRING GREAT ECONOMIC BENEFIT TO NEW YORK CITY, THE COMMITTEE ORGANIZED PROMINENT BUSINESS LEADERS, POLITICIANS, AND CIVIC ORGANIZATIONS TO BRING THE DEMOCRATIC NATIONAL CONVENTION TO NEW YORK CITY IN 2024. THE COMMITTEE HIGHLIGHTED NEW YORK'S WORLD-CLASS INFRASTRUCTURE, ICONIC VENUES, AND THE CITY'S HISTORIC SIGNIFICANCE TO THE DEMOCRATIC PARTY. ALTHOUGH THE 2024 CONVENTION WAS ULTIMATELY AWARDED TO CHICAGO, THE COMMITTEE REMAINS COMMITTED TO BRINGING THE DEMOCRATIC NATIONAL CONVENTION TO NEW YORK CITY IN 2028 AND HAS ALREADY BEGUN PREPARATIONS FOR THIS FUTURE OPPORTUNITY.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $600,000

Program Service Revenue $0

Investment Income $7,707

Other Revenue $0

TOTAL REVENUE $607,707

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $436,363

TOTAL EXPENSES $556,363

Year-over-Year Comparison

	2022	2021	Change
Revenue	$607,707	N/A	N/A
Expenses	$556,363	N/A	N/A
Net Income	$51,344	N/A	N/A

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL SIMON	PRESIDENT	1.00	Officer Director	$0	$0	$0
MICHAEL KROUSE	SECRETARY	1.00	Officer Director	$0	$0	$0
RAVI GUPTA	TREASURER	1.00	Officer Director	$0	$0	$0
MELVA MILLER	DIRECTOR	1.00	Director	$0	$0	$0
DAWN SMALLS	DIRECTOR (THRU MAY 2023)	1.00	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
2023	$607,707	$556,363	$51,344	$51,344

NEW YORK CITY CONVENTION HOST COMMITTEE