NORTH ATLANTIC STATES CARPENTERS T… - Form 990 Financial Data

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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

1979

Legal Domicile

Principal Officer

ZIVEN DRAKE

Phone

5087925443

Tax Period

2025-01-01 to 2025-12-31

NORTH ATLANTIC STATES CARPENTERS TRAINING FUND, founded in 1979, is a mid-sized nonprofit in the Employment sector that reported $24.9M in total revenue in fiscal year 2025. Net assets of $64.5M represent 31 months of operating reserves.

Mission

THE PURPOSE OF THE PLAN IS TO PROVIDE TRAINING, SKILL IMPROVEMENT AND SAFETY EDUCATION TO ELIGIBLE PARTICIPANTS.

Program Service Accomplishments

Program 1

Expenses: $22,120,832 Revenue: $22,441,205

THE PURPOSE OF THE PLAN IS 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 (2025)

Revenue Breakdown

Contributions & Grants $925,561

Program Service Revenue $21,964,302

Investment Income $1,532,401

Other Revenue $476,903

TOTAL REVENUE $24,899,167

Expense Breakdown

Grants Paid $0

Salaries & Benefits $14,135,046

Fundraising Expenses $0

Program Expenses $22,120,832

Other Expenses $11,704,681

TOTAL EXPENSES $25,839,727

Year-over-Year Comparison

	2025	2024	Change
Revenue	$24,899,167	$23,350,344	+0.1%
Expenses	$25,839,727	$24,012,951	+0.1%
Net Income	$-940,560	$-662,607	+0.4%

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

195

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

$368,545

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL HOLMES	TRUSTEE/CO-CHAIRMAN	1.00	Director	$0	$0	$0
JOHN LEAVITT	TRUSTEE	1.00	Director	$0	$0	$0
DAVID MINASIAN	TRUSTEE	1.00	Director	$0	$0	$0
WILLIAM BANFIELD	TRUSTEE - THRU 07/25	1.00	Director	$0	$0	$0
PETER MCARNEARNEY	TRUSTEE	1.00	Director	$0	$0	$0
CHRISTOPHER AUSTIN	TRUSTEE	1.00	Director	$0	$0	$0
MITCHELL LATIMER	TRUSTEE	1.00	Director	$0	$0	$0
NICOLE GRODNER	TRUSTEE	1.00	Director	$0	$0	$0
MARK DALLASCIO	TRUSTEE - EFF 01/25	1.00	Director	$0	$0	$0
SCOTT SMITH	TRUSTEE - EFF 10/25	1.00	Director	$0	$0	$0
ANDY BENEDETTO	TRUSTEE - EFF 12/25	1.00	Director	$0	$0	$0
JOHN CUSACK	TRUSTEE - EFF 12/25	1.00	Director	$0	$0	$0
WILLIAM MAHERIS	TRUSTEE/CO-CHAIRMAN	1.00	Director	$0	$0	$0
JOSEPH MCPHERSON	TRUSTEE	1.00	Director	$0	$0	$0
BILL TRAILL	TRUSTEE	1.00	Director	$0	$0	$0
JAMES BEACH	TRUSTEE	1.00	Director	$0	$0	$0
JOHN BUTTS	TRUSTEE	1.00	Director	$0	$0	$0
CHRISTOPHER FILOMENO	TRUSTEE	1.00	Director	$0	$0	$0
F MATTHEW PEPE	TRUSTEE	1.00	Director	$0	$0	$0
EARL HALL	TRUSTEE	1.00	Director	$0	$0	$0
JAMES LOGAN	TRUSTEE	1.00	Director	$0	$0	$0
TODD HELFRICH	TRUSTEE	1.00	Director	$0	$0	$0
ROBERT PINE	TRUSTEE	1.00	Director	$0	$0	$0
JOHN FERRANTE	TRUSTEE	1.00	Director	$0	$0	$0
RICH SIMEONE	TRUSTEE	1.00	Director	$0	$0	$0
RYAN SIMONS	TRUSTEE	1.00	Director	$0	$0	$0
THOMAS FISCHER	EXECUTIVE DIRECTOR - THRU 4/25	39.00	Officer	$81,196	$21,018	$102,214
ZIVEN DRAKE	EXECUTIVE DIRECTOR - EFF 05/25	39.00	Officer	$204,479	$61,852	$266,331
ZIVEN DRAKE	ASST. EXECUTIVE DIRECTOR-THRU 04/25	38.00	Officer	$0	$0	$0
ERIC MARTINEZ	COORDINATOR	40.00	Highest	$174,243	$71,397	$245,640
PAUL BLANCHARD	COORDINATOR	40.00	Highest	$166,428	$69,780	$236,208
MICHAEL MICKLOS	INSTRUCTOR	40.00	Highest	$154,790	$68,122	$222,912
JUAN MIRANDA	INSTRUCTOR	40.00	Highest	$152,747	$67,783	$220,530
DECIO SANTOS	INSTRUCTOR	40.00	Highest	$150,943	$67,344	$218,287

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	$24,899,167	$25,839,727	$78,020,624	$-940,560
2024	$23,350,344	$24,012,951	$76,383,906	$-662,607
2023	$21,940,412	$21,600,914	$69,778,815	$339,498
2022	$20,529,598	$20,250,682	$67,025,197	$278,916
2021	$22,130,164	$19,346,233	$72,466,434	$2,783,931
2020	$22,809,720	$16,990,315	$70,223,530	$5,819,405
2019	$19,185,032	$17,022,595	$57,123,398	$2,162,437
2018	$23,212,112	$11,033,422	$59,843,463	$12,178,690

NORTH ATLANTIC STATES CARPENTERS TRAINING FUND