IUOE LOCAL 877 APPRENTICE TRAINING & SKILL IMPROVEMENT FUND

EIN: 046849959 Employment

NORWOOD, MA

Total Revenue
$266,502
Total Expenses
$163,069
Total Assets
$554,221
Net Assets
$377,441
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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
1998
Legal Domicile
MA
Principal Officer
MICHAEL CANNISTRARO
Phone
7817691877
Tax Period
2023-07-01 to 2024-06-30

IUOE LOCAL 877 APPRENTICE TRAINING & SKILL IMPROVEMENT FUND, founded in 1998, is a small nonprofit in the Employment sector that reported $267K in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. The organization ran a surplus of $103K, a strong 39% operating margin.

Mission

THE PURPOSE OF THIS FUND IS TO MAINTAIN A SCHOOL TO TRAIN AND IMPROVE THE SKILLS OF STUDENTS TO PROVIDE A CONTINUOUS AND SUFFICIENT POOL OF SKILLED ENGINEERS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $255,689
Investment Income $10,813
Other Revenue $0
TOTAL REVENUE $266,502

Expense Breakdown

Grants Paid $0
Salaries & Benefits $45,546
Fundraising Expenses $0
Program Expenses $130,325
Other Expenses $117,523
TOTAL EXPENSES $163,069

Year-over-Year Comparison

2023 2022 Change
Revenue $266,502 $228,139 +0.2%
Expenses $163,069 $166,763 0.0%
Net Income $103,433 $61,376 +0.7%
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
2
Independent Members
2
Employees
8
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
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL CANNISTRARO TRUSTEE 1.00
Director
$0 $0 $0
ANTHONY PISANO TRUSTEE 1.00
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 No data No data No data No data
2024 $266,502 $163,069 $554,221 $103,433
2023 $228,139 $166,763 $477,434 $61,376
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