The Penn Club of New York Inc
Nonprofit profile at a glance
- EIN
- 232726687
- IRS 990 coverage
- 2018–2024
- Forms available
- Form 990 2024
- Location
- New York, NY, USA
- Phone
- 2124036617
- Rating confidence
- Limited
Reported finances
- Revenue
- $15,562,013
- Expenses
- $13,152,740
- Assets
- $28,448,135
- Liabilities
- $8,194,436
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
33 people listed
Executive titles in this filing
- E JUDD COHEN (PRESIDENT)
- BRIAN CARGO (VICE-PRESIDENT)
- LAUREN DAVIDSON SACHS (IMMEDIATE PAST-PRESIDENT)
- SUSAN MARX (PAST PRESIDENT)
Highest reported compensation
- KEVIN O'BRIEN (GENERAL MANAGER): $506,793 total reported compensation
- PING NAN (COMPTROLLER): $404,125 total reported compensation
- HEBA ELSHINALY (ASSISTANT GENERAL MANAGER): $259,437 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The penn club of New York has been established to encourage and cultivate free interchange, social activity and good fellowship among alumni, faculty, staff, students and friends of the university of Pennsylvania and to assist and promote the interests of the university in the New York city area. The club is intended to strengthen the university's infrastructure for the alumni affairs and fundraising activities, while furthering the university's educational mission.
What it reported doing in 2024
Tax exempt club activities.
Operating model
- Revenue model
- Earned-program. 87% of the money available for current operations came from fees and other program revenue.
- 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: 73
- Accountability: 95
- Sustainability: 62
- Growth: 60
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; 62nd 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: 100%; rating input score 100; 72nd percentile among comparable filings
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
- Governance controls: 7 of 8 controls in place; rating input score 88
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Pass
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 15.5%; rating input score 77; 77th percentile among comparable filings
- Total-asset coverage ratio: 2.16; rating input score 64; 64th percentile among comparable filings
- Liabilities to assets ratio: 0.29; rating input score 48; 48th percentile among comparable filings
- Officer compensation ratio: 14.5%; rating input score 9; 9th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 9.9% per year; rating input score 100; 74th percentile among comparable filings
- Asset growth: 9.7% per year; rating input score 100; 63rd percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 25 of 25 board members independent · 7 of 8 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $507K · 33 people listed · 1 of 6 pay-setting controls reported
- Consistency: 15 of 15 current checks pass
- Schedules: 4 filed schedules · includes grants and executive pay
- Filing history: 6 filing years from 2018 to 2024
- Contacts: How to reach this organization
- Money network: 8 filed money-flow records
- Related organizations: 1 filed related-organization link
- 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Accountability: Governance controls: Form 990 shared with the board not reported.
- High — Sustainability: Officer compensation ratio scored 9/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 48/100.