NEW ENGLAND LABORERS TRAINING TRUST FUND

EIN: 042454286 501(c)(3) Employment

HOPKINTON, MA

Total Revenue
$25,689,599
Total Expenses
$20,448,194
Total Assets
$140,829,666
Net Assets
$114,706,762
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1968
Legal Domicile
MA
Phone
5084356316
Tax Period
2025-01-01 to 2025-12-31

NEW ENGLAND LABORERS TRAINING TRUST FUND, founded in 1968, is a mid-sized nonprofit in the Employment sector that reported $25.7M in total revenue in fiscal year 2025. Revenue decreased 5% compared to the prior year. The organization ran a surplus of $5.2M, a strong 20% operating margin.

Mission

TO PROVIDE PREVOCATIONAL, VOCATIONAL AND ADVANCEMENT TRAINING, RETRAINING AND TRAINING OF INDIVIDUALS, AND TO EDUCATE INDIVIDUALS ABOUT SAFETY STANDARDS AND THEIR COLLECTIVE BARGAINING OBLIGATIONS.

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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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $561,081
Program Service Revenue $20,823,329
Investment Income $4,148,047
Other Revenue $157,142
TOTAL REVENUE $25,689,599

Expense Breakdown

Grants Paid $0
Salaries & Benefits $7,338,764
Fundraising Expenses $0
Program Expenses $16,777,695
Other Expenses $13,109,430
TOTAL EXPENSES $20,448,194

Year-over-Year Comparison

2025 2024 Change
Revenue $25,689,599 $27,107,225 -0.1%
Expenses $20,448,194 $15,995,501 +0.3%
Net Income $5,241,405 $11,111,724 -0.5%
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

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Governance

Voting Members
12
Independent Members
12
Employees
98
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
0
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOSEPH SABITONI ADMINISTRATOR 40.00
$239,560 $120,894 $360,454
JOSEPH CAPARCO TRAINING DIRECTOR 40.00
$217,459 $114,485 $331,944
TIMOTHY TRACY TRAINING DIRECTOR 40.00
$152,905 $105,432 $258,337
GARY DISCIULLO COMPTROLLER 40.00
$142,676 $102,466 $245,142
AJAY PATHAK INSTRUCTOR 40.00
$132,129 $99,407 $231,536
JOEL KUBILIS INSTRUCTOR 40.00
$132,129 $99,407 $231,536
MICHAEL CAPPOBIANCO INSTRUCTOR 40.00
$132,129 $99,407 $231,536
DAVID ELDRIDGE FACILITIES MANAGER 40.00
$132,129 $99,407 $231,536
DONATO A BIANCO JR Chairman 2.00
Director
$0 $0 $0
MICHAEL F SABITONI Trustee 2.00
Director
$0 $0 $0
KEITH R BROTHERS Trustee 2.00
Director
$0 $0 $0
CHRISTOPHER A SABITONI Trustee 2.00
Director
$0 $0 $0
JOSEPH C BONFIGLIO Trustee 2.00
Director
$0 $0 $0
JACK HARNEY Trustee 2.00
Director
$0 $0 $0
DAVID F RAMPONE Trustee 2.00
Director
$0 $0 $0
MICHAEL D'AMBRA Trustee 2.00
Director
$0 $0 $0
RODNEY G FRIAS Secretary 2.00
Director
$0 $0 $0
THOMAS S GUNNING III Trustee 2.00
Director
$0 $0 $0
JOSEPH VITULLO JR Trustee 2.00
Director
$0 $0 $0
DONALD J SHUBERT Trustee 2.00
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 $25,689,599 $20,448,194 $140,829,666 $5,241,405
2024 $27,107,225 $15,995,501 $138,086,534 $11,111,724
2023 $24,116,609 $14,698,311 $128,901,604 $9,418,298
2022 $21,790,205 $14,126,040 $106,507,660 $7,664,165
2021 $19,481,542 $13,330,766 $95,005,657 $6,150,776
2020 $17,645,146 $11,733,114 $84,339,587 $5,912,032
2019 $18,465,061 $13,101,558 $73,218,524 $5,363,503
2018 $17,807,097 $12,356,222 $59,824,012 $5,450,875
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