ELEVATOR CONSTRUCTORS LOCAL NO 1 EDUCATION & APPRENTICE TRAINING FUND

EIN: 061592732 501(c)(3) Education

ENGLEWOOD CLIFFS, NJ

Total Revenue
$3,085,536
Total Expenses
$2,479,917
Total Assets
$3,943,743
Net Assets
$2,901,452
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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
2000
Legal Domicile
NY
Principal Officer
DENIS KILDUFF
Phone
2015926800
Tax Period
2023-01-01 to 2023-12-31

ELEVATOR CONSTRUCTORS LOCAL NO 1 EDUCATION & APPRENTICE TRAINING FUND, founded in 2000, is a community nonprofit in the Education sector that reported $3.1M in total revenue in fiscal year 2023. Revenue surged 62% from the prior year, signaling strong growth momentum. The organization ran a surplus of $606K, a strong 20% operating margin.

Mission

THE PURPOSE OF THE FUND IS TO PROVIDE TRAINING FOR ELEVATOR CONSTRUCTOR APPRENTICES SO THAT THEY CAN BECOME ELEVATOR MECHANICS AND TO PROVIDE TRAINING FOR ELEVATOR MECHANICS TO UPGRADE THEIR SKILLS.

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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 $94,718
Program Service Revenue $2,989,437
Investment Income $1,381
Other Revenue $0
TOTAL REVENUE $3,085,536

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,427,822
Fundraising Expenses $0
Program Expenses $836,393
Other Expenses $1,052,095
TOTAL EXPENSES $2,479,917

Year-over-Year Comparison

2023 2022 Change
Revenue $3,085,536 $1,904,585 +0.6%
Expenses $2,479,917 $1,595,135 +0.6%
Net Income $605,619 $309,450 +1.0%
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
6
Independent Members
6
Employees
28
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
9
$0
Key Employees
3
$786,902
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LEONARD LEGOTTE TRUSTEE 1.00
Director
$0 $0 $0
DENNIS KILDUFF TRUSTEE 1.00
Director
$0 $0 $0
JOSEPH HARRISON TRUSTEE 1.00
Director
$0 $0 $0
JUSTIN TOMASINO TRUSTEE 1.00
Director
$0 $0 $0
JOHN SOUTAR TRUSTEE 1.00
Director
$0 $0 $0
RICH CASTLE TRUSTEE 1.00
Director
$0 $0 $0
JAMES O'CONNELL TRUSTEE 1.00
Director
$0 $0 $0
LEE PIRONE TRUSTEE 1.00
Director
$0 $0 $0
MICHAEL RIEGGER TRUSTEE 1.00
Director
$0 $0 $0
ANDREW SCHRETTNER APPRENTICESHIP COORDINATOR 45.00
Key Emp
$155,656 $60,327 $215,983
BRENDAN LOFTUS DIRECTOR MEMBER ASSISTANCE 45.00
Key Emp
$207,987 $80,609 $288,596
JOHN HOOK DIRECTOR SAFETY EDUCATION 45.00
Key Emp
$203,466 $78,857 $282,323
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 No data No data No data No data
2023 $3,085,536 $2,479,917 $3,943,743 $605,619
2022 $1,904,585 $1,595,135 $3,853,171 $309,450
2021 $1,608,868 $1,273,082 $2,066,439 $335,786
2020 $1,590,798 $1,285,957 $1,706,977 $304,841
2019 $1,596,532 $1,297,119 $1,310,577 $299,413
2018 $1,410,244 $1,216,098 $990,699 $194,146
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