APPRENTICESHIP SKILL IMPROVEMENT AND SAF IUOE LOCALS 137 A B C R AFL-CIO

EIN: 131968055 501(c)(3)

BRIARCLIFF MANOR, NY

Total Revenue
$1,134,829
Total Expenses
$1,202,858
Total Assets
$3,274,440
Net Assets
$3,228,341
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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
1961
Legal Domicile
NY
Principal Officer
ALBERT WASSEL
Phone
9147621268
Tax Period
2024-01-01 to 2024-12-31

APPRENTICESHIP SKILL IMPROVEMENT AND SAF IUOE LOCALS 137 A B C R AFL-CIO, founded in 1961, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2024. Net assets of $3.2M represent 34 months of operating reserves.

Mission

THE PURPOSE OF THE PLAN IS TO PROVIDE TRAINING, SKILL IMPROVEMENT AND SAFETY EDUCATION TO ELIGIBLE PARTICIPANTS.

Program Service Accomplishments

Program 1
Expenses: $1,030,856 Revenue: $1,050,564

TO PROVIDE TRAINING, SKILL 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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,045,327
Investment Income $84,265
Other Revenue $5,237
TOTAL REVENUE $1,134,829

Expense Breakdown

Grants Paid $0
Salaries & Benefits $634,974
Fundraising Expenses $0
Program Expenses $1,030,856
Other Expenses $567,884
TOTAL EXPENSES $1,202,858

Year-over-Year Comparison

2024 2023 Change
Revenue $1,134,829 $1,191,008 0.0%
Expenses $1,202,858 $1,165,265 +0.0%
Net Income $-68,029 $25,743 -3.6%
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

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Liquidity & Cash Position

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Governance

Voting Members
6
Independent Members
6
Employees
2
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
2
$555,745
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID RYAN FUND DIRECTOR 40.00
Officer
$192,030 $106,393 $298,423
ALBERT WASSELL FUND MANAGER 4.00
Officer
$0 $103,068 $257,322
SEAN P MEANY ASST. FUND DIRECTOR 40.00
Highest
$155,070 $94,144 $249,214
JEFFREY LOUGHLIN UNION TRUSTEE 1.00
Director
$0 $0 $0
JAMES SASSO UNION TRUSTEE 1.00
Director
$0 $0 $0
MICHAEL MILLER UNION TRUSTEE 1.00
Director
$0 $0 $0
JOHN COONEY EMPLOYER TRUSTEE 1.00
Director
$0 $0 $0
RICHARD LOMBARDI EMPLOYER TRUSTEE 1.00
Director
$0 $0 $0
MARK FANTE EMPLOYER TRUSTEE 1.00
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
2025 No data No data No data No data
2024 $1,134,829 $1,202,858 $3,274,440 $-68,029
2023 $1,191,008 $1,165,265 $3,238,486 $25,743
2022 $1,196,132 $1,188,660 $3,049,873 $7,472
2021 $1,184,742 $1,110,504 $3,334,009 $74,238
2020 $1,081,123 $1,157,468 $3,115,376 $-76,345
2019 $1,304,256 $1,058,964 $3,135,161 $245,292
2018 $1,480,869 $1,015,288 $2,870,198 $465,581
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