IND PROMO FUND FOR THE WALL-CEILING & CARPENTRY INDUSTRIES

EIN: 112558447

Jericho, NY

Total Revenue
$2,507,995
Total Expenses
$2,261,515
Total Assets
$5,910,845
Net Assets
$5,851,508
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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
1983
Legal Domicile
NY
Principal Officer
JOHN DELOLLIS
Phone
5164765800
Tax Period
2024-01-01 to 2024-12-31

IND PROMO FUND FOR THE WALL-CEILING & CARPENTRY INDUSTRIES, founded in 1983, is a community nonprofit that reported $2.5M in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $2.3M left a modest 10% surplus.

Mission

TO ENTER INTO CONTRACTS AND AGREEMENTS WITH VARIOUS UNIONS ON BEHALF OF OUR MEMBERS. TO ENGAGE IN POUBLIC RELATIONS, EDUCATION, TO PROTECT EXISTING STANDARDS WITHIN THE CARPENTRY INDUSTRY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $2,433,285
Investment Income $74,710
Other Revenue $0
TOTAL REVENUE $2,507,995

Expense Breakdown

Grants Paid $0
Salaries & Benefits $642,959
Fundraising Expenses $0
Other Expenses $1,618,556
TOTAL EXPENSES $2,261,515

Year-over-Year Comparison

2024 2023 Change
Revenue $2,507,995 $2,124,051 +0.2%
Expenses $2,261,515 $2,308,441 0.0%
Net Income $246,480 $-184,390 -2.3%
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
9
Independent Members
9
Employees
3
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
4
$0
Total Directors
11
$465,852
Key Employees
1
$465,852
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN DELOLLIS EXECTIVE DIRECTOR 040.00
Director Key Emp Highest
$465,852 $0 $465,852
MICHAEL WEBER PRESIDENT 010.00
Officer Director
$0 $0 $0
BOB PARICONE BOARD MEMBER 010.00
Director
$0 $0 $0
LEE ZERETZY VICE PRESIDENT 010.00
Officer Director
$0 $0 $0
OMAR OTERO SECRETARY 010.00
Officer Director
$0 $0 $0
SCOTT RIVES BOARD MEMBER 010.00
Director
$0 $0 $0
ROBERT LEVEY TREASURER 010.00
Officer Director
$0 $0 $0
CHRIS BOCCIA BOARD MEMBER 010.00
Director
$0 $0 $0
STEVE RICHARDSON BOARD MEMBER 010.00
Director
$0 $0 $0
JOSH TAYLOR BOARD MEMBER 010.00
Director
$0 $0 $0
JEFFREY ANIKSTEIN BOARD MEMBER 010.00
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 $2,507,995 $2,261,515 $5,910,845 $246,480
2023 $2,124,051 $2,308,441 $5,784,654 $-184,390
2022 $1,477,291 $2,090,096 $6,054,775 $-612,805
2021 $2,120,180 $1,429,603 $6,602,267 $690,577
2020 $1,951,133 $1,679,784 $5,877,004 $271,349
2019 $2,727,774 $2,034,643 $5,595,626 $693,131
2018 $2,273,918 $2,221,464 $4,889,888 $52,454
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