NEW ENGLAND REGIONAL COUNCIL OF CARPENTERS BUILDING CORP NY (EIN 112929787) - 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

1997

Legal Domicile

Principal Officer

JOSEPH BYRNE

Phone

8002756200

Tax Period

2023-07-01 to 2024-06-30

NEW ENGLAND REGIONAL COUNCIL OF CARPENTERS BUILDING CORP NY, founded in 1997, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2023. The organization ran a surplus of $546K, a strong 52% operating margin.

Mission

TITLE HOLDING CORPORATION FOR THE NORTH ATLANTIC STATES REGIONAL COUNCIL OF CARPENTERS.

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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 $913,688

Investment Income $133,440

Other Revenue $0

TOTAL REVENUE $1,047,128

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $501,289

TOTAL EXPENSES $501,289

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,047,128	$975,887	+0.1%
Expenses	$501,289	$518,313	0.0%
Net Income	$545,839	$457,574	+0.2%

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

N/A

Employees

N/A

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

$423,785

Total Directors

$1,028,762

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH BYRNE	EXEC. SECRETARY/TREASURER	2.00	Officer Director	$0	$134,123	$423,785
WILLIAM BANFIELD	EXECUTIVE COMMITTEE	2.00	Director	$0	$121,452	$378,886
CHRISTOPHER DUGAN	EXECUTIVE COMMITTEE	2.00	Director	$0	$91,210	$226,091

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	$1,047,128	$501,289	$11,847,453	$545,839
2023	$975,887	$518,313	$11,242,786	$457,574
2022	$499,675	$3,033,201	$10,806,060	$-2,533,526
2021	$1,020,575	$559,544	$13,585,751	$461,031
2020	$820,110	$517,074	$13,196,665	$303,036
2019	$646,616	$458,418	$12,800,128	$188,198

NEW ENGLAND REGIONAL COUNCIL OF CARPENTERS BUILDING CORP NY