HOISTING AND PORTABLE ENGINEERS LOCAL 4 APPRENTICE & TRAINING FUND (EIN 042326141) - 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

1963

Legal Domicile

Phone

7818210306

Tax Period

2023-01-01 to 2023-12-31

HOISTING AND PORTABLE ENGINEERS LOCAL 4 APPRENTICE & TRAINING FUND, founded in 1963, is a community nonprofit that reported $5.0M in total revenue in fiscal year 2023. The organization ran a surplus of $853K, a strong 17% operating margin.

Mission

TO PROVIDE TRAINING, SKILL IMPROVEMENT, AND SAFETY EDUCATION TO ELIGIBLE PARTICIPANTS.

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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 $0

Program Service Revenue $4,690,356

Investment Income $264,016

Other Revenue $0

TOTAL REVENUE $4,954,372

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,376,388

Fundraising Expenses $0

Program Expenses $3,885,622

Other Expenses $1,725,061

TOTAL EXPENSES $4,101,449

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,954,372	$4,835,716	+0.0%
Expenses	$4,101,449	$3,915,463	+0.0%
Net Income	$852,923	$920,253	-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

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

$624,361

Total Directors

$1,022

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEPHEN TAPPIN	UNION TRUSTEE	1.00	Director	$1,022	$0	$1,022
DAVID F FANTINI	UNION TRUSTEE	1.00	Director	$0	$0	$0
EDWARD G MCLAUGHLIN	UNION TRUSTEE	1.00	Director	$0	$0	$0
GARY SPENCER	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
THOMAS RUSSO	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
JOHN ROMA	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
GREGORY A GEIMAN	FUND ADMINISTRATOR	1.00	Officer	$0	$65,738	$317,137
MICHAEL CAREY	TRAINING DIRECTOR	40.00	Officer	$241,842	$65,382	$307,224
PETER GARDINER	TRAINING INSTRUCTOR	40.00	Highest	$212,112	$68,275	$280,387
PETER CARPENTER	TRAINING INSTRUCTOR	40.00	Highest	$197,922	$66,704	$264,626
ANDREW FRANZEN	TRAINING INSTRUCTOR	40.00	Highest	$172,265	$62,585	$234,850
THOMAS MCEVOY	TRAINING INSTRUCTOR	40.00	Highest	$196,873	$65,732	$262,605
MICHELE MAIMONE	ADMINISTRATIVE	40.00	Highest	$168,321	$61,537	$229,858
WILLIAM JUSCZAK	TRAINING INSTRUCTOR	40.00	Highest	$182,253	$65,116	$247,369

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	$4,954,372	$4,101,449	$10,517,763	$852,923
2022	$4,835,716	$3,915,463	$9,433,690	$920,253
2021	$4,420,891	$4,018,045	$8,832,377	$402,846
2020	$4,151,380	$3,578,443	$8,334,359	$572,937
2019	$4,373,958	$3,466,490	$7,625,280	$907,468
2018	$3,902,658	$3,388,671	$6,595,655	$513,987

HOISTING AND PORTABLE ENGINEERS LOCAL 4 APPRENTICE & TRAINING FUND