LOCAL 8 - JOINT APPRENTICE COMM (EIN 111902592) - 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

1947

Legal Domicile

Principal Officer

NICHOLAS SICILIANO

Phone

7183610145

Tax Period

2023-01-01 to 2023-12-31

LOCAL 8 - JOINT APPRENTICE COMM, founded in 1947, is a small nonprofit that reported $440K in total revenue in fiscal year 2023.

Mission

LABOR ORGANIZATION WHICH PROVIDES TRAINING TO ITS MEMBERSHIP.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $409,728

Investment Income $5,384

Other Revenue $24,826

TOTAL REVENUE $439,938

Expense Breakdown

Grants Paid $0

Salaries & Benefits $259,158

Fundraising Expenses $0

Other Expenses $181,312

TOTAL EXPENSES $440,470

Year-over-Year Comparison

	2023	2022	Change
Revenue	$439,938	$445,595	0.0%
Expenses	$440,470	$399,023	+0.1%
Net Income	$-532	$46,572	-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

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

$642,848

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VINCENT SABATINO	EMPLOYER TRUSTEE	2.00	Director	$0	$0	$0
SCOTT WOLKOWITZ	EMPLOYER TRUSTEE	2.00	Director	$0	$0	$0
NICHOLAS SICILIANO	UNION TRUSTEE	2.00	Director	$0	$63,954	$226,999
BARRY SCHADER	UNION TRUSTEE	2.00	Director	$0	$63,954	$207,201
ROBERT VENTURA	TRAINING INSTRUCTOR/UNION	40.00	Director	$143,247	$65,401	$208,648
SHRI ATTRI	EMPLOYER TRUSTEE	2.00	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
2024	No data	No data	No data	No data
2023	$439,938	$440,470	$596,860	$-532
2022	$445,595	$399,023	$337,825	$46,572
2021	$407,462	$369,417	$315,365	$38,045
2020	$328,099	$379,784	$265,979	$-51,685
2019	$59,013	$561,456	$301,115	$-502,443
2018	$52,972	$408,572	$837,268	$-355,600

LOCAL 8 - JOINT APPRENTICE COMM