CEMENT AND CONCRETE WORKERS TRAINING AND EDUCATION TRUST FUND

EIN: 113443290 501(c)(3) Philanthropy & Grantmaking

ASTORIA, NY

Total Revenue
$1,919,826
Total Expenses
$2,417,619
Total Assets
$8,253,325
Net Assets
$8,151,546
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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
1998
Legal Domicile
NY
Principal Officer
ANGELO ANGELONE
Phone
7183926970
Tax Period
2023-01-01 to 2023-12-31

CEMENT AND CONCRETE WORKERS TRAINING AND EDUCATION TRUST FUND, founded in 1998, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.9M in total revenue in fiscal year 2023. Revenue surged 43% from the prior year, signaling strong growth momentum. Expenses of $2.4M exceeded revenue, resulting in a 26% operating deficit.

Mission

TO PROVIDE TRAINING, SKILLS IMPROVEMENT, AND SAFETY EDUCATION TO ELIGIBLE PARTICIPANTS.

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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 $8,100
Program Service Revenue $1,397,752
Investment Income $441,478
Other Revenue $72,496
TOTAL REVENUE $1,919,826

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,819,431
Fundraising Expenses $0
Program Expenses $1,904,693
Other Expenses $598,188
TOTAL EXPENSES $2,417,619

Year-over-Year Comparison

2023 2022 Change
Revenue $1,919,826 $1,340,696 +0.4%
Expenses $2,417,619 $2,565,854 -0.1%
Net Income $-497,793 $-1,225,158 -0.6%
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
7
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
6
$0
Key Employees
1
$315,816
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANGELO ANGELONE UNION TRUSTEE 1.00
Director
$0 $0 $0
JOHN PETERS UNION TRUSTEE 1.00
Director
$0 $0 $0
KIERAN O'SULLIVAN UNION TRUSTEE 1.00
Director
$0 $0 $0
MICHAEL SALGO EMPLOYER TRUSTEE 1.00
Director
$0 $0 $0
KEVIN O'BRIEN EMPLOYER TRUSTEE 1.00
Director
$0 $0 $0
ERIC LEE EMPLOYER TRUSTEE 1.00
Director
$0 $0 $0
PAUL PRIMIANO TRAINING DIRECTOR 35.00
Key Emp
$194,169 $121,647 $315,816
DONALD WALSH INSTRUCTOR 35.00
Highest
$163,632 $104,240 $267,872
FRANK STURIANO TRAINING COORDINATOR 35.00
Highest
$171,811 $108,901 $280,712
WILLIAM LORIA INSTRUCTOR 35.00
Highest
$163,632 $104,240 $267,872
MARGARET ANTONUCCI BKPR & OFFICE MGR 35.00
Highest
$116,705 $77,492 $194,197
RAFAEL A RODRIGUEZ INSTRUCTOR 35.00
Highest
$163,632 $104,240 $267,872
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 $1,919,826 $2,417,619 $8,253,325 $-497,793
2022 $1,340,696 $2,565,854 $8,085,102 $-1,225,158
2021 $2,791,490 $2,356,503 $10,559,801 $434,987
2020 $2,142,814 $2,222,821 $10,234,806 $-80,007
2019 $2,659,930 $2,285,729 $9,618,461 $374,201
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