NORTH ATLANTIC STATES REGIONAL COUNCIL OF CARPENTERS (EIN 043322535) - 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

1996

Legal Domicile

Principal Officer

JOSEPH BYRNE

Phone

8002756200

Tax Period

2024-07-01 to 2025-06-30

NORTH ATLANTIC STATES REGIONAL COUNCIL OF CARPENTERS, founded in 1996, is a mid-sized nonprofit that reported $55.1M in total revenue in fiscal year 2024. Expenses of $47.7M left a modest 13% surplus.

Mission

TO GENERATE JOBS FOR UNION CARPENTERS

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,000,000

Program Service Revenue $47,823,887

Investment Income $5,931,778

Other Revenue $330,229

TOTAL REVENUE $55,085,894

Expense Breakdown

Grants Paid $754,900

Salaries & Benefits $26,348,718

Fundraising Expenses $0

Other Expenses $20,614,108

TOTAL EXPENSES $47,717,726

Year-over-Year Comparison

	2024	2023	Change
Revenue	$55,085,894	$54,394,533	+0.0%
Expenses	$47,717,726	$46,227,088	+0.0%
Net Income	$7,368,168	$8,167,445	-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

N/A

Employees

127

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

$1,690,616

Total Directors

$4,286,431

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANTHONY VILLA	TRUSTEE	38.00	Director	$155,939	$91,897	$247,836
DENNIS LASSIGE	EXECUTIVE COMMITTEE	38.00	Director	$178,606	$100,868	$279,474
ERNEST PAGAN	EXECUTIVE COMMITTEE (UNTIL 10/2024)	40.00	Director	$112,174	$75,592	$187,766
GREG POOLE	EXECUTIVE COMMITTEE	38.00	Director	$147,636	$97,254	$244,890
JAMES MASON	EXECUTIVE COMMITTEE	38.00	Director	$151,698	$93,549	$245,247
JOMO AKONO	EXECUTIVE COMMITTEE	38.00	Director	$118,510	$82,093	$200,603
JOSEPH BYRNE	EXEC SECRETARY-TREASURER	38.00	Officer Director	$302,309	$134,753	$437,062
KEVIN KELLEY	EXECUTIVE COMMITTEE	38.00	Director	$162,845	$100,868	$263,713
KIM HOKANSON	WARDEN	38.00	Officer Director	$169,310	$103,637	$272,947
MARC OKUN	EXECUTIVE COMMITTEE	38.00	Director	$135,477	$95,370	$230,847
MICHAEL HOLMES	TRUSTEE	38.00	Director	$146,449	$98,843	$245,292
MIKE ROBINSON	EXECUTIVE COMMITTEE	38.00	Director	$133,116	$94,741	$227,857
MYNOR PEREZ	TRUSTEE	38.00	Director	$178,261	$100,868	$279,129
RAHEEM SHEPARD	PRESIDENT	38.00	Officer Director	$162,172	$100,868	$263,040
WILLIAM BANFIELD	VICE PRESIDENT	38.00	Officer Director	$274,549	$121,604	$396,153
ZACK MIDDLETON	EXECUTIVE COMMITTEE	40.00	Director	$164,641	$99,934	$264,575
ELIZABETH CONWAY	CFO	40.00	Officer	$261,721	$59,693	$321,414
COSMOS ANGELAKIS	IT DIRECTOR	40.00	Highest	$220,357	$61,131	$281,488
DAVID MINASIAN	REGIONAL MANAGER	38.00	Highest	$162,233	$100,868	$263,101
JOHN M WALSH	CHIEF OPERATING OFFICER	40.00	Highest	$209,292	$112,537	$321,829
NOEL XAVIER	ORGANIZING DIRECTOR	38.00	Highest	$186,248	$106,829	$293,077
STEPHEN JOYCE	CONTRACTOR RELATIONS	40.00	Highest	$221,315	$112,778	$334,093

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	$55,085,894	$47,717,726	$195,883,867	$7,368,168
2024	$54,394,533	$46,227,088	$178,785,481	$8,167,445
2023	$60,767,156	$45,416,373	$164,555,912	$15,350,783
2022	$53,186,412	$41,925,213	$146,178,722	$11,261,199
2021	$48,619,661	$39,669,561	$146,209,837	$8,950,100
2020	$47,374,185	$51,759,096	$129,005,926	$-4,384,911
2019	$99,435,648	$44,870,043	$130,803,330	$54,565,605

NORTH ATLANTIC STATES REGIONAL COUNCIL OF CARPENTERS