CLOTHING & TOOL FUND OF THE ELECTRICAL INDUSTRY TR

EIN: 113105790

Flushing, NY

Total Revenue
$101,283
Total Expenses
$113,580
Total Assets
$1,180,837
Net Assets
$1,098,820
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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
1992
Legal Domicile
NY
Principal Officer
HUMBERTO J RESTREPO
Phone
7185912000
Tax Period
2023-10-01 to 2024-09-30

CLOTHING & TOOL FUND OF THE ELECTRICAL INDUSTRY TR, founded in 1992, is a small nonprofit that reported $101K in total revenue in fiscal year 2023. Revenue surged 61% from the prior year, signaling strong growth momentum. Expenses of $114K exceeded revenue, resulting in a 12% operating deficit.

Mission

Collection and investments of funds received from electrical contractors for the purpose of providing reimbursement for clothing and tools lost or destroyed at worksites due to fire or theft to eligible members of the electrical 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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $68,605
Investment Income $32,678
Other Revenue $0
TOTAL REVENUE $101,283

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $0
Other Expenses $56,110
TOTAL EXPENSES $113,580

Year-over-Year Comparison

2023 2022 Change
Revenue $101,283 $62,744 +0.6%
Expenses $113,580 $62,655 +0.8%
Net Income $-12,297 $89 -139.2%
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

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Governance

Voting Members
26
Independent Members
N/A
Employees
N/A
Volunteers
26

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
26
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Stephen Gianotti Trustee 1
Director
$0 $0 $0
Carol Kleinberg Trustee 1
Director
$0 $0 $0
Steven Lazzaro Trustee 1
Director
$0 $0 $0
Thomas Capurso Trustee 1
Director
$0 $0 $0
Ben D'Alessandro Trustee 1
Director
$0 $0 $0
Anthony Mann Trustee 1
Director
$0 $0 $0
Kristine DeNapoli Trustee 1
Director
$0 $0 $0
Sandra Milad-Gibson Trustee 1
Director
$0 $0 $0
Robert Saville Trustee 1
Director
$0 $0 $0
Hal Sokoloff Trustee 1
Director
$0 $0 $0
Robert Amabile TRUSTEE 1
Director
$0 $0 $0
John Mannino TRUSTEE 1
Director
$0 $0 $0
David Wardell TRUSTEE 1
Director
$0 $0 $0
Craig Gilston Trustee 1
Director
$0 $0 $0
Thomas Cleary Trustee 1
Director
$0 $0 $0
Richard Duva Trustee 1
Director
$0 $0 $0
Christopher Erikson Trustee 1
Director
$0 $0 $0
Christopher Erikson Jr Trustee 1
Director
$0 $0 $0
Anthony Falleo Trustee 1
Director
$0 $0 $0
William Hofving Trustee 1
Director
$0 $0 $0
Robert Olenick Trustee 1
Director
$0 $0 $0
Joseph Proscia Trustee 1
Director
$0 $0 $0
Ricardo Rollins Trustee 1
Director
$0 $0 $0
David Sands Trustee 1
Director
$0 $0 $0
Joseph Santigate Trustee 1
Director
$0 $0 $0
Lance Van Arsdale Trustee 1
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 $101,283 $113,580 $1,180,837 $-12,297
2023 $62,744 $62,655 $1,076,176 $89
2022 $36,600 $43,575 $1,047,316 $-6,975
2021 $53,065 $40,981 $1,165,456 $12,084
2020 $73,115 $33,813 $1,134,374 $39,302
2019 $22,554 $25,955 $1,066,433 $-3,401
2018 $40,585 $22,752 $1,029,355 $17,833
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