Sub-contractors Trade Association Inc
Nonprofit profile at a glance
- EIN
- 132597670
- IRS 990 coverage
- 2011–2024
- Forms available
- Form 990 2024
- Location
- New York, NY, USA
- Phone
- 2123986220
- Rating
- 64
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $1,155,331
- Expenses
- $819,411
- Assets
- $1,318,703
- Liabilities
- $408,251
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
16 people listed
Executive titles in this filing
- Samantha Sweeney-Annarumma (Vice President)
- ANGELO BALDASSARRE (Vice President)
- Anthony Acerra (President)
- Christine Boccia (Vice President)
- Steve Gianotti (Vice President)
Highest reported compensation
- Felice Farber (Executive Dir.): $260,121 total reported compensation
- Samantha Sweeney-Annarumma (Vice President): $130,167 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To provide subcontractors and suppliers in the metrpolitan area with a summary of current activities, general info and education on new developments.
What it reported doing in 2024
Summarize recent activities of the organization and create membersub-contractors' trade association, inc. 13-2597670 developments.newsletter - the newsletter is prepared and distributed to members toraise awareness of arising issues.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 42
- Transparency & Controls: 66
- Accountability: 95
- Sustainability: 60
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 42.4%; rating input score 42
- Program expense ratio: 56.9%; rating input score 57
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 1 of 6 controls in place; rating input score 17
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- 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; 63rd percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 29.1%; rating input score 84; 84th percentile among comparable filings
- Total-asset coverage ratio: 1.61; rating input score 58; 58th percentile among comparable filings
- Liabilities to assets ratio: 0.31; rating input score 24; 24th percentile among comparable filings
- Officer compensation ratio: 47.6%; rating input score 2; 2nd percentile among comparable filings
Growth
- Program expense growth: 6.7% per year; rating input score 100; 50th percentile among comparable filings
- Revenue growth: 3.9% per year; rating input score 100; 37th percentile among comparable filings
- Asset growth: 11% per year; rating input score 100; 62nd percentile among comparable filings
Details
- Where the money goes: 42.4% of revenue deployed · 56.9% of spending went to programs
- Governance: 22 of 22 board members independent · 8 of 9 filing controls reported
- Programs: 3 filed program accomplishments · $466K in reported program spending
- Leadership: top reported pay $260K · 16 people listed · 1 of 6 pay-setting controls reported
- Consistency: 22 of 22 current checks pass
- Schedules: 4 filed schedules · includes executive pay
- Filing history: 12 filing years from 2011 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- 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.
- Moderate — Financial Efficiency: Mission deployment rate scored 42/100.
- Review — Financial Efficiency: Program expense ratio scored 57/100.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.
- Review — Sustainability: Total-asset coverage ratio scored 58/100.
- High — Sustainability: Officer compensation ratio scored 2/100.
- High — Sustainability: Liabilities to assets ratio scored 24/100.