New York Industrial Retention Network
Nonprofit profile at a glance
- EIN
- 510178586
- IRS 990 coverage
- 2011–2011
- Forms available
- Form 990 2011
- Location
- Brooklyn, NY, USA
- Phone
- 7186363486
- Rating confidence
- Limited
- Sector
- Printing, Publishing
Reported finances
- Revenue
- $38,877
- Expenses
- $47,294
- Assets
- $76,691
- Liabilities
- $189,929
Source: IRS Form 990. Selected filing: tax year 2011. Amounts in USD.
Leadership & pay
3 people listed
Source: IRS Form 990. Selected filing: tax year 2011. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The New York industrial retention network seeks to enhance the economy of the city of New York, to expand decent employment opportunities for New York city residents and to promote sustainable communities by maintaining and strengthning New York city's manufacturing and industrial base. It does so by mobilizing an extraordinarily diverse pool of stakeholders to identify firms that are at-risk and to provide comprehensive strategies to assist those firms. The stakeholders include parties with an interest, direct and indirect, existing and contingent in the well-being of individual manufacturing companies as well as the manufacturing sector. The parties may include local development corporations and other community-based organizations, trade associations and labor unions, business advisors and government agencies, management and workers, utilities, bank and other investors. Through the network, nyirn signicantly expands the resources available to help manufacturing firms and strengthens
What it reported doing in 2011
See schedule o
Operating model
- Revenue model
- Donor-supported. 65% of the money available for current operations came from contributions and gifts.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 100
- Accountability: 88
- Sustainability: 35
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 60th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 65th percentile among comparable filings
- Governance controls: 5 of 7 controls in place; rating input score 71
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Fail
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -21.7%; rating input score 37; 37th percentile among comparable filings
- Total-asset coverage ratio: 1.62; rating input score 33; 33rd percentile among comparable filings
- Liabilities to assets ratio: 2.48; rating input score 2; 2nd percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 3 of 3 board members independent · 5 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $46K in reported program spending
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 10 of 10 current checks pass
- Schedules: 2 filed schedules
- Filing history: 1 filing year from 2011
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Accountability: Governance controls: 2 of 7 not reported.
- Moderate — Sustainability: Operating margin scored 37/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 33/100.
- High — Sustainability: Liabilities to assets ratio scored 2/100.