Women's Forum of New York Inc

Nonprofit profile at a glance

EIN
133098501
IRS 990 coverage
2012–2024
Forms available
Form 990 2024
Location
New York, NY, USA
Phone
2124479107
Rating
80
Verdict
STRONG
Rating confidence
Moderate
Sector
Women's Service Clubs

Reported finances

Revenue
$1,115,362
Expenses
$1,566,647
Assets
$1,783,029
Liabilities
$106,167

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

26 people listed

Executive titles in this filing

  • DAISEY HOLMES (PRESIDENT)
  • FRANCES RESHESKE (VICE PRESIDENT)
  • SUZY E BROWN (EXECUTIVE DIRECTOR)

Highest reported compensation

  • SUZY E BROWN (EXECUTIVE DIRECTOR): $246,093 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 women's forum of New York is the city's premier organization of women leaders. The membership of more than 500 women represents the highest levels of achievement across all professional sectors from finance to fine arts.started in 1974, the women's forum of New York is the founding flagship of the international women's forum, a global organization of over 8,000 outstanding women leaders in over 76 forums around the world.the women's forum of New York is dedicated to the advancement of women's leadership through programs that enrich members' lives personally and professionally; through the education fund which enables women whose potential has been derailed by adversity to resume their education, and through the corporate board initiative which extends and expands the contribution of women leaders through board participation.

What it reported doing in 2024

Membership programming - see schedule o.description of member program: membership in the women's forum of New York is by invitation only. Women of accomplishment, influence, and impact are nominated by a current member.candidates are recognized leaders in their fields; proactive in the advancement of women; involved in civic, nonprofit, and professional associations; and committed to engaging with the forum. We seek a diverse membership, reflecting the breadth of industry, age, and race/ethnicity of women leaders in the New York area.candidates are formally reviewed by the membership committee and approved by the board of directors before being invited to join. The membership committee hosts regularly scheduled gatherings where candidates meet each other and learn more about the forum.forum programs share the unique insights, access, and experience of our members. Our members represent a broad array of industries and professions enabling us to tap into the most exciting happenings, ideas, and people of New York city and the world. Forum members share an intellectual curiosity and enthusiasm for life in our city. By leveraging our connections, we create a diverse mix of in-depth programs that educate, empower, enlighten, and entertain.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Hybrid. The nonprofit split its reported program spending across 69% for direct work, 22% for grants, and 9% for affiliated organizations.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of total spending goes to programs and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 77
  • Transparency & Controls: 79
  • Accountability: 95
  • Sustainability: 24
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 58.1%; rating input score 58
  • Fundraising efficiency: $4.98 raised per $1 spent on fundraising; rating input score 17; 17th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 2 of 6 controls in place; rating input score 33
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 76th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd 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: Fail
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -40.5%; rating input score 4; 4th percentile among comparable filings
  • Total-asset coverage ratio: 1.14; rating input score 47; 47th percentile among comparable filings
  • Liabilities to assets ratio: 0.06; rating input score 50; 50th percentile among comparable filings
  • Officer compensation ratio: 15.7%; rating input score 22; 22nd percentile among comparable filings

Growth

  • Program expense growth: 14.7% per year; rating input score 100; 75th percentile among comparable filings
  • Revenue growth: 10.1% per year; rating input score 100; 67th percentile among comparable filings
  • Asset growth: 10.3% per year; rating input score 100; 60th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 58.1% of spending went to programs
  • Governance: 25 of 25 board members independent · 7 of 8 filing controls reported
  • Programs: 2 filed program accomplishments · $910K in reported program spending
  • Leadership: top reported pay $246K · 26 people listed · 2 of 6 pay-setting controls reported
  • Highest-paid contractors: 2 contractors listed · $844K reported
  • Consistency: 35 of 35 current checks pass
  • Schedules: 7 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 12 filing years from 2012 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: Filed and resolved organization relationships.
  • 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.

  • Review — Financial Efficiency: Program expense ratio scored 58/100.
  • High — Financial Efficiency: Fundraising efficiency scored 17/100.
  • High — Sustainability: Operating margin scored 4/100.
  • Review — Accountability: Governance controls: CEO compensation review process not reported.
  • Moderate — Sustainability: Total-asset coverage ratio scored 47/100.
  • High — Sustainability: Officer compensation ratio scored 22/100.
  • Review — Sustainability: Liabilities to assets ratio scored 50/100.