NYCDCC APPRENTICESHIP JOURNEYMAN RETRAINING EDUCATIONAL & INDUSTRY FUND

EIN: 132583087 501(c)(3) Employment

NEW YORK, NY

Total Revenue
$18,796,209
Total Expenses
$15,683,770
Total Assets
$44,667,270
Net Assets
$38,522,525
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1966
Legal Domicile
NY
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.

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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 $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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Governance

Voting Members
12
Independent Members
12
Employees
68
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
4
$936,884
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
5
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
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