CARPENTERS' LOCAL 157 SCHOLARSHIP FUND (EIN 020602066) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2003

Legal Domicile

Principal Officer

ANTHONY MADAIO

Phone

2126850567

Tax Period

2023-01-01 to 2023-12-31

CARPENTERS' LOCAL 157 SCHOLARSHIP FUND, founded in 2003, is a small nonprofit in the Education sector that reported $140K in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year. Expenses of $298K exceeded revenue, resulting in a 112% operating deficit.

Mission

THE PROGRAM WAS DESIGNED TO ASSIST QUALIFIED APPLICANTS IN ATTAINING THE BENEFITS OF A COLLEGE EDUCATION. THE CARPENTERS' LOCAL 157 SCHOLARSHIP FUND OFFERS A WAY TO EXPRESS OUR CONTINUED EFFORTS SUPPORTING EDUCAITON FOR OUR MEMBERS' CHILDREN.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $80,763

Program Service Revenue $0

Investment Income $14,626

Other Revenue $45,000

TOTAL REVENUE $140,389

Expense Breakdown

Grants Paid $288,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $295,513

Other Expenses $9,588

TOTAL EXPENSES $297,588

Year-over-Year Comparison

	2023	2022	Change
Revenue	$140,389	$156,699	-0.1%
Expenses	$297,588	$297,300	+0.0%
Net Income	$-157,199	$-140,601	+0.1%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

$42,325

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANTHONY MADAIO	DIRECTOR	1.00	Director	$0	$0	$16,475
EAMON CAREY	DIRECTOR	1.00	Director	$0	$0	$12,525
GERALD MATTHEWS	DIRECTOR	1.00	Director	$0	$0	$2,025
DONALD FOLEY	DIRECTOR	1.00	Director	$0	$0	$4,700
MANGITO FOWLKES	DIRECTOR	1.00	Director	$0	$0	$6,600

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$140,389	$297,588	$1,911,901	$-157,199
2022	$156,699	$297,300	$2,114,074	$-140,601
2021	$1,137,375	$311,581	$2,253,448	$825,794
2020	$11,809	$296,632	$1,411,631	$-284,823
2019	$152,564	$297,513	$1,693,454	$-144,949
2018	$1,132,396	$304,560	$1,836,903	$827,836

CARPENTERS' LOCAL 157 SCHOLARSHIP FUND