Municipal Forum of New York Inc
Nonprofit profile at a glance
- EIN
- 237012700
- IRS 990-EZ coverage
- 2024–2024
- Forms available
- Form 990 2023, Form 990-EZ 2024
- Location
- New York, NY, USA
- Phone
- 6462077713
- Rating
- 83
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Fraternal Societies
Reported finances
- Revenue
- $102,544
- Expenses
- $195,544
- Assets
- $60,049
- Liabilities
- $800
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
17 people listed
Executive titles in this filing
- TIMOTHY MARTIN (PRESIDENT)
People named in this filing
- TIMOTHY MARTIN (PRESIDENT)
- CHARLES STAVITSKI (VICE PRESIDE)
- LINDA YIP (VICE PRESIDE)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The municipal forum of New York, inc. (mfny), a New York not-for-profit corporation, serves members of the united states municipal securities industry through association activities such as breakfasts and lunches featuring and recognizing prominent public sector and industry leaders of the public finance community. Through its affiliate, municipal youth education fund, a 501(c)(3) New York not-for-profit corporation, mfny supports educational summer intern programs, financial assistance to summer interns entering college, and an alumni network for summer interns launching their careers. Through its association activities, the forum provides a platform for municipal securities industry participants to meet frequently, share ideas and learn industry trends in congenial settings away from the business of doing deals. Mfny has been home to thousands of municipal securities industry professionals who uphold the highest standards in financing america's infrastructure and embrace passing on t
What it reported doing in 2024
Five events were each attended by approximately 125 people. At the events, speakers and panels, as well as opportunities for interacting, sharing ideas, and learning industry trends, were all relevant to the tax-exempt purpose of the organization.
Operating model
- Revenue model
- Donor-supported. 97% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 61% of its reported program spending out as grants.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and assets have declined or grown slowly.
Rating breakdown
- Financial Efficiency: 94
- Transparency & Controls: 82
- Sustainability: 20
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 84.3%; rating input score 84
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -90.7%; rating input score 1; 1st percentile among comparable filings
- Total-asset coverage ratio: 0.31; rating input score 26; 26th percentile among comparable filings
- Liabilities to assets ratio: 0.01; rating input score 40; 40th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 7.9% per year; rating input score 100; 60th percentile among comparable filings
- Asset growth: -1% per year; rating input score 0; 25th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 84.3% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $165K in reported program spending
- Leadership: top reported pay $0 · 17 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 1 filed schedules
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: 2 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Operating margin scored 1/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 26/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 40/100.