NEW YORK NEW JERSEY ELEVATOR MARKET EXPANSION FUND (EIN 992778065) - Form 990 Financial Analysis & Trantor Score

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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

2024

Legal Domicile

Principal Officer

LEONARD LEGOTTE

Phone

2015926800

Tax Period

2024-05-01 to 2024-12-31

NEW YORK NEW JERSEY ELEVATOR MARKET EXPANSION FUND, founded in 2024, is a small nonprofit that reported $242K in total revenue in fiscal year 2024. The organization ran a surplus of $221K, a strong 91% operating margin.

Mission

FINANCING THE OPERATING COSTS ASSOCIATED WITH THE ADVANCEMENT OF AN INDUSTRY WIDE LABOR-MANAGEMENT COOPERATION COMMITTEE IN THE ELEVATOR INDUSTRY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $241,809

Investment Income $0

Other Revenue $0

TOTAL REVENUE $241,809

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $21,130

TOTAL EXPENSES $21,130

Year-over-Year Comparison

	2024	2023	Change
Revenue	$241,809	N/A	N/A
Expenses	$21,130	N/A	N/A
Net Income	$220,679	N/A	N/A

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
LEONARD LEGOTTE	TRUSTEE	2.00	Director	$0	$0	$0
MICHAEL RIEGGER	TRUSTEE	2.00	Director	$0	$0	$0
DENIS KILDUFF	TRUSTEE	2.00	Director	$0	$0	$0
MATT MCELDUFF	TRUSTEE	2.00	Director	$0	$0	$0
BILL BULGER	TRUSTEE	2.00	Director	$0	$0	$0
RICK AMAROSA	TRUSTEE	2.00	Director	$0	$0	$0
MARK ANDERSON	TRUSTEE	2.00	Director	$0	$0	$0
JEANIE DEMSHAR	TRUSTEE	2.00	Director	$0	$0	$0
SABINA IQBAL	TRUSTEE	2.00	Director	$0	$0	$0
VINNY SCHIAVONE	TRUSTEE	2.00	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
2024	$241,809	$21,130	$230,286	$220,679

NEW YORK NEW JERSEY ELEVATOR MARKET EXPANSION FUND