NORTH ATLANTIC STATES CARPENTERS VACATION FUND (EIN 043322721) - 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

1995

Legal Domicile

Principal Officer

NICOLA FAVORITO

Phone

9786941000

Tax Period

2024-01-01 to 2024-12-31

NORTH ATLANTIC STATES CARPENTERS VACATION FUND, founded in 1995, is a mid-sized nonprofit that reported $23.1M in total revenue in fiscal year 2024.

Mission

TO PROVIDE PARTICIPANTS WITH VACATION BENEFITS

🔒

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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $22,623,655

Investment Income $484,271

Other Revenue $0

TOTAL REVENUE $23,107,926

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $200,582

TOTAL EXPENSES $23,414,915

Year-over-Year Comparison

	2024	2023	Change
Revenue	$23,107,926	$23,875,050	0.0%
Expenses	$23,414,915	$23,789,454	0.0%
Net Income	$-306,989	$85,596	-4.6%

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

$313,677

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS J FLYNN	CHAIRMAN	1.00	Director	$0	$0	$0
THOMAS STEEVES	SECRETARY/TREASURER	1.00	Director	$0	$0	$0
MICHAEL C SANCHEZ	TRUSTEE	1.00	Director	$0	$0	$0
JOSEPH BYRNE	TRUSTEE	1.00	Director	$0	$0	$0
WILLIAM SHEA	TRUSTEE	1.00	Director	$0	$0	$0
JAMIE NOON	TRUSTEE	1.00	Director	$0	$0	$0
JOHN BUTTS	TRUSTEE	1.00	Director	$0	$0	$0
JOSEPH EPIFANO	TRUSTEE	1.00	Director	$0	$0	$0
JAMES CARR	TRUSTEE	1.00	Director	$0	$0	$0
RODNEY FRIAS	TRUSTEE	1.00	Director	$0	$0	$0
DAVID MINASIAN	TRUSTEE	1.00	Director	$0	$0	$0
NOEL XAVIER	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL HOLMES	TRUSTEE	1.00	Director	$0	$0	$0
MARC OKUN	TRUSTEE	1.00	Director	$0	$0	$0
THOMAS S GUNNING	TRUSTEE	1.00	Director	$0	$0	$0
KIM HOKANSON	TRUSTEE	1.00	Director	$0	$0	$0
MYNOR PEREZ	TRUSTEE	1.00	Director	$0	$0	$0
ZACHARY MIDDLETON	TRUSTEE - EFF 3/29/24	1.00	Director	$0	$0	$0
DAVID JARVIS	TRUSTEE - EFF 3/29/24	1.00	Director	$0	$0	$0
SCOTT SNEYD	TRUSTEE - EFF 1/25/24	1.00	Director	$0	$0	$0
NICOLA FAVORITO	EXECUTIVE DIRECTOR	1.00	Officer	$0	$57,219	$313,677
SUZANNE M SMITH	CHIEF FINANCIAL OFFICER	1.00	Highest	$0	$56,048	$295,300
ROBERT R SICA	CHIEF INFORMATION OFFICER	1.00	Highest	$0	$56,048	$255,134
INGRID BIEREN	CHIEF OPERATING OFFICER	1.00	Highest	$0	$56,048	$231,603
JOEL CONNER	CONTROLLER	1.00	Highest	$0	$52,335	$212,664
JAMES REAGAN	COLLECTIONS MANAGER	2.00	Highest	$0	$52,335	$190,830
RICHARD S MONARCA	FORMER EXECUTIVE DIRECTOR	0.00		$0	$0	$146,093

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
2024	$23,107,926	$23,414,915	$5,804,382	$-306,989
2023	$23,875,050	$23,789,454	$6,108,318	$85,596
2022	$23,282,520	$23,093,724	$5,997,624	$188,796
2021	$20,849,073	$19,870,089	$5,812,734	$978,984
2020	$16,536,198	$16,768,763	$4,832,216	$-232,565
2019	$19,382,843	$19,033,221	$5,059,927	$349,622
2018	$17,940,942	$17,826,682	$4,700,397	$114,260

NORTH ATLANTIC STATES CARPENTERS VACATION FUND