NYCDCC APPRENTICESHIP JOURNEYMAN R… - Form 990 Financial Data

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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

1966

Legal Domicile

Principal Officer

WALTER SARACENI

Phone

2127272224

Tax Period

2024-07-01 to 2025-06-30

NYCDCC APPRENTICESHIP JOURNEYMAN RETRAINING EDUCATIONAL & INDUSTRY FUND, founded in 1966, is a mid-sized nonprofit in the Employment sector that reported $18.8M in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. The organization ran a surplus of $3.1M, a strong 17% operating margin.

Mission

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

Program Service Accomplishments

Program 1

Expenses: $13,250,003 Revenue: $16,067,250

THE PURPOSE OF THE PLAN IS 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,551,831

Program Service Revenue $16,067,250

Investment Income $1,059,449

Other Revenue $117,679

TOTAL REVENUE $18,796,209

Expense Breakdown

Grants Paid $0

Salaries & Benefits $8,198,355

Fundraising Expenses $0

Program Expenses $13,250,003

Other Expenses $7,485,415

TOTAL EXPENSES $15,683,770

Year-over-Year Comparison

	2024	2023	Change
Revenue	$18,796,209	$20,542,460	-0.1%
Expenses	$15,683,770	$15,228,762	+0.0%
Net Income	$3,112,439	$5,313,698	-0.4%

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

$936,884

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KRISTIN O'BRIEN FOWLKES	EXECUTIVE DIRECTOR	2.00	Officer	$0	$67,659	$370,075
ANGELA L MASSA	DIRECTOR OF FINANCE & INV	2.00	Officer	$0	$55,035	$287,860
THOMAS J SCANLON	INSTRUCTOR	40.00	Highest	$202,159	$79,266	$281,425
JAMES R HAYES	TRAINING DIRECTOR	40.00	Officer	$200,542	$78,407	$278,949
ROBERT D MCAULIFFE	INSTRUCTOR	40.00	Highest	$193,858	$79,891	$273,749
RAFAL R SZEWCZYK	INSTRUCTOR	40.00	Highest	$190,228	$79,891	$270,119
RICHARD WONG	INSTRUCTOR	40.00	Highest	$182,071	$79,032	$261,103
VINCENT EUGENE MATTERA	INSTRUCTOR	40.00	Highest	$174,217	$79,266	$253,483
WALTER SARACENI - EFF 625	INTERIM EXECUTIVE DIRECTOR	2.00	Officer	$0	$0	$0
DAVID T MEBERG	EMP TRUSTEE - CO-CHAIRMAN	2.00	Director	$0	$0	$0
KEVIN O'CALLAGHAN	EMP TRUSTEE	2.00	Director	$0	$0	$0
JOHN DELOLLIS	EMP TRUSTEE	2.00	Director	$0	$0	$0
MICHAEL SALGO	EMP TRUSTEE	2.00	Director	$0	$0	$0
JOHN O'HARE	EMP TRUSTEE	2.00	Director	$0	$0	$0
JOSEPH A GEIGER	UNION TRUSTEE	2.00	Director	$0	$0	$0
JOHN SHEEHY - THRU 125	UNION TRUSTEE	2.00	Director	$0	$0	$0
PAUL CAPURSO	UNION TRUSTEE - CO-CHAIRMAN	2.00	Director	$0	$0	$0
MICHAEL CAVANAUGH - THRU 125	UNION TRUSTEE	2.00	Director	$0	$0	$0
DAVID CARABALLOSO	UNION TRUSTEE	2.00	Director	$0	$0	$0
ADAM HARKIN	UNION TRUSTEE	2.00	Director	$0	$0	$0
ROBERT WESSELS	EMP TRUSTEE	2.00	Director	$0	$0	$0
ANTHONY MADAIO - EFF 125	UNION TRUSTEE	2.00	Director	$0	$0	$0
MICHAEL PICCIRILLO - EFF 125	UNION TRUSTEE	2.00	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	$18,796,209	$15,683,770	$44,667,270	$3,112,439
2024	$20,542,460	$15,228,762	$42,152,597	$5,313,698
2024	$20,542,460	$15,228,762	$42,152,597	$5,313,698
2023	$13,298,702	$15,530,683	$39,516,904	$-2,231,981
2022	$13,554,381	$15,711,383	$32,423,989	$-2,157,002
2021	$12,953,579	$14,688,174	$38,681,713	$-1,734,595
2020	$14,089,601	$14,176,960	$36,872,655	$-87,359
2019	$17,308,719	$14,796,635	$36,950,496	$2,512,084
2018	$16,274,770	$14,299,325	$34,299,570	$1,975,445

NYCDCC APPRENTICESHIP JOURNEYMAN RETRAINING EDUCATIONAL & INDUSTRY FUND