THE NEW ENGLAND LABORERS APPRENTICESHIP ADVANCEMENT FUND (EIN 030466664) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2002

Legal Domicile

Principal Officer

DONATO A BIANCOJR

Phone

4017518010

Tax Period

2023-07-01 to 2024-06-30

THE NEW ENGLAND LABORERS APPRENTICESHIP ADVANCEMENT FUND, founded in 2002, is a small nonprofit in the Employment sector that reported $257K in total revenue in fiscal year 2023. Revenue surged 39% from the prior year, signaling strong growth momentum. Net assets of $1.9M represent 88 months of operating reserves.

Mission

TO ADVANCE THE LABORERS' APPRENTICESHIP PROGRAM TO FORMULATE AND INSTITUTE SECONDARY SCHOOL CURRICULUMS APPLICABLE TO THE CONSTRUCTION INDUSTRY AND TO CONTRIBUTE TOWARD THE COST OF INSTRUCTORS NECESSARY TO TRAIN STUDENTS AND TO DEVELOP A HIGHER DEGREE OF EFFICIENCY IN THE CONSTRUCTION TRADE.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $150,000

Program Service Revenue $0

Investment Income $106,660

Other Revenue $0

TOTAL REVENUE $256,660

Expense Breakdown

Grants Paid $238,437

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $238,437

Other Expenses $19,910

TOTAL EXPENSES $258,347

Year-over-Year Comparison

	2023	2022	Change
Revenue	$256,660	$184,455	+0.4%
Expenses	$258,347	$203,618	+0.3%
Net Income	$-1,687	$-19,163	-0.9%

Key Indicators

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

🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DONATO A BIANCO JR	Chairman	1.00	Officer Director	$0	$0	$0
CHRISTOPHER SABITONI	Treasurer	1.00	Officer Director	$0	$0	$0
MICHAEL A TRAFICANTE	Recording Sec.	4.00	Officer Director	$0	$0	$0

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
2025	No data	No data	No data	No data
2024	$256,660	$258,347	$1,878,798	$-1,687
2023	$184,455	$203,618	$1,767,971	$-19,163
2022	$217,187	$116,807	$1,688,647	$100,380
2021	$195,850	$128,620	$1,800,922	$67,230
2020	$270,400	$139,107	$1,518,781	$131,293
2019	$222,775	$299,405	$1,351,259	$-76,630

THE NEW ENGLAND LABORERS APPRENTICESHIP ADVANCEMENT FUND