FINISHING TRADES INSTITUTE OF NEW ENGLAND (EIN 046192794) - 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

1965

Legal Domicile

Principal Officer

ERIC REDDING

Phone

6175240248

Tax Period

2024-07-01 to 2025-06-30

FINISHING TRADES INSTITUTE OF NEW ENGLAND, founded in 1965, is a community nonprofit in the Employment sector that reported $6.7M in total revenue in fiscal year 2024. The organization ran a surplus of $2.3M, a strong 34% operating margin.

Mission

EDUCATION

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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 $10,921

Program Service Revenue $5,877,656

Investment Income $732,077

Other Revenue $114,693

TOTAL REVENUE $6,735,347

Expense Breakdown

Grants Paid $59,847

Salaries & Benefits $2,220,567

Fundraising Expenses $0

Program Expenses $3,085,023

Other Expenses $2,138,983

TOTAL EXPENSES $4,419,397

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,735,347	$6,690,405	+0.0%
Expenses	$4,419,397	$4,038,500	+0.1%
Net Income	$2,315,950	$2,651,905	-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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD KILDUFF	TRUSTEE	1.00	Director	$0	$0	$0
ROGER KEMMITT	TRUSTEE	1.00	Director	$0	$0	$0
LEE SULLIVAN	TRUSTEE	1.00	Director	$0	$0	$0
RICHARD CAPOLUPO	TRUSTEE	1.00	Director	$0	$0	$0
RICHARD MAURO	TRUSTEE	1.00	Director	$0	$0	$0
CHRISTIAN BRENNAN	TRUSTEE	1.00	Director	$0	$0	$0
WILLIAM LANG	TRUSTEE	1.00	Director	$0	$0	$0
RODRIGO BADARO	TRUSTEE	1.00	Director	$0	$0	$0
RICHARD CABRAL	TRUSTEE	1.00	Director	$0	$0	$0
BRENNAN MOLINA	TRUSTEE	1.00	Director	$0	$0	$0
JAMES COUGHLIN	TRUSTEE	1.00	Director	$0	$0	$0
MARTIRES RIVERA	TRUSTEE	1.00	Director	$0	$0	$0
ERIC REDDING	ADMINISTRATOR	40.00	Highest	$177,375	$110,973	$288,348
SEAN LOVE	INSTRUCTOR	40.00	Highest	$156,167	$72,919	$229,086
JEREMY ALLEN	INSTRUCTOR	40.00	Highest	$155,256	$72,919	$228,175
TIMOTHY TRAYNOR	INSTRUCTOR	40.00	Highest	$156,072	$72,919	$228,991
TIMOTHY YOST	INSTRUCTOR	40.00	Highest	$156,144	$72,919	$229,063

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	$6,735,347	$4,419,397	$32,368,224	$2,315,950
2024	$6,690,405	$4,038,500	$20,218,854	$2,651,905
2023	$6,472,923	$3,759,423	$18,141,555	$2,713,500
2022	$5,877,455	$3,473,342	$13,310,120	$2,404,113
2021	$5,600,086	$3,263,852	$11,228,608	$2,336,234
2020	$4,225,857	$3,367,962	$8,792,175	$857,895
2019	$4,842,129	$3,512,027	$7,647,186	$1,330,102
2018	$4,079,976	$3,181,455	$6,506,309	$898,521

FINISHING TRADES INSTITUTE OF NEW ENGLAND