JOURNEYMEN & APPRENTICESHIP TRAINING & EDUCATION FUND LOCAL UNION 373 (EIN 131935212) - 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

1958

Legal Domicile

Principal Officer

THOMAS GANDOLFINI

Phone

8455341050

Tax Period

2023-07-01 to 2024-06-30

JOURNEYMEN & APPRENTICESHIP TRAINING & EDUCATION FUND LOCAL UNION 373, founded in 1958, is a small nonprofit that reported $388K in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $432K exceeded revenue, resulting in a 11% operating deficit.

Mission

TO PROVIDE FOR EDUCATION AND TRAINING OF PLUMBERS

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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 $381,039

Investment Income $0

Other Revenue $6,671

TOTAL REVENUE $387,710

Expense Breakdown

Grants Paid $0

Salaries & Benefits $258,497

Fundraising Expenses $0

Other Expenses $173,539

TOTAL EXPENSES $432,036

Year-over-Year Comparison

	2023	2022	Change
Revenue	$387,710	$318,743	+0.2%
Expenses	$432,036	$383,775	+0.1%
Net Income	$-44,326	$-65,032	-0.3%

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

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

$352,356

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RALPH NESPOLO	TRAINING COORDINATOR	35.00	Director	$70,225	$19,987	$90,212
THOMAS GANDOLFINI	TRUSTEE	1.00	Director	$0	$104,997	$239,126
TIMOTHY HAUSER	TRUSTEE	1.00	Director	$0	$0	$0
DANA MOSHIER	TRUSTEE	1.00	Director	$0	$0	$0
RUSSELL BEWICK	TRUSTEE	1.00	Director	$0	$0	$0
JAMES ESTABROOK	TRUSTEE	1.00	Director	$0	$0	$0
RON LOMBARDO	TRUSTEE	1.00	Director	$0	$0	$0
RICHARD PFORTE	TRUSTEE	1.00	Director	$0	$0	$0
KANE ARMISTEAD	TRUSTEE	1.00	Director	$0	$0	$0
ROBERT ROTH	TRUSTEE	1.00	Director	$0	$0	$0
ROBERT AMBROSETTI	TRUSTEE	1.00	Director	$0	$10,180	$23,018

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	$387,710	$432,036	$241,362	$-44,326
2023	$318,743	$383,775	$301,092	$-65,032
2022	$216,437	$404,728	$345,307	$-188,291
2021	$231,868	$306,603	$544,793	$-74,735
2020	$211,763	$336,625	$615,324	$-124,862
2019	$292,689	$337,750	$759,873	$-45,061
2018	$741,760	$328,379	$803,204	$413,381

JOURNEYMEN & APPRENTICESHIP TRAINING & EDUCATION FUND LOCAL UNION 373