LOCAL 15 15A 15D OPERATING ENGINEERS APPR SKILL IMPROVEMENT & SAFETY FUND

EIN: 132648599 501(c)(3)

LONG ISLAND CITY, NY

Total Revenue
$8,968,416
Total Expenses
$6,491,111
Total Assets
$6,503,600
Net Assets
$6,284,494
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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
1969
Legal Domicile
NY
Principal Officer
CATHERINE CHASE
Phone
2122557657
Tax Period
2024-01-01 to 2024-12-31

LOCAL 15 15A 15D OPERATING ENGINEERS APPR SKILL IMPROVEMENT & SAFETY FUND, founded in 1969, is a community nonprofit that reported $9.0M in total revenue in fiscal year 2024. Revenue surged 68% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.5M, a strong 28% operating margin.

Mission

TO PROVIDE APPRENTICE 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 $3,122,469
Program Service Revenue $5,700,617
Investment Income $118,442
Other Revenue $26,888
TOTAL REVENUE $8,968,416

Expense Breakdown

Grants Paid $0
Salaries & Benefits $4,629,223
Fundraising Expenses $0
Program Expenses $6,186,630
Other Expenses $1,861,888
TOTAL EXPENSES $6,491,111

Year-over-Year Comparison

2024 2023 Change
Revenue $8,968,416 $5,329,677 +0.7%
Expenses $6,491,111 $6,199,166 +0.0%
Net Income $2,477,305 $-869,489 -3.8%
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
5
Independent Members
5
Employees
28
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
1
$457,588
Total Directors
5
$0
Key Employees
1
$433,078
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CATHERINE CHASE FUND ADMINISTRATOR 2.00
Officer
$0 $79,509 $457,588
PATRICK PETERSON FUND DIRECTOR 40.00
Key Emp
$349,678 $83,400 $433,078
MICHAEL NAPOLITANO INSTRUCTOR 40.00
Highest
$278,913 $112,822 $391,735
CRAIG PIANO INSTRUCTOR 40.00
Highest
$277,786 $112,735 $390,521
MARIE SULLIVAN COORDINATOR 40.00
Highest
$301,592 $78,857 $380,449
ALBERT CRAWLEY INSTRUCTOR 40.00
Highest
$190,202 $80,072 $270,274
RAYMOND PATRICE INSTRUCTOR 40.00
Highest
$188,902 $79,669 $268,571
JAMES CALLAHAN UNION TRUSTEE 1.00
Director
$0 $0 $0
THOMAS CALLAHAN UNION TRUSTEE 1.00
Director
$0 $0 $0
JOHN MCNAMARA ALTERNATE UNION TRUSTEE 1.00
Director
$0 $0 $0
WILLIAM TYSON EMPLOYER TRUSTEE 1.00
Director
$0 $0 $0
MICHAEL SALGO 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
2024 $8,968,416 $6,491,111 $6,503,600 $2,477,305
2023 $5,329,677 $6,199,166 $4,193,042 $-869,489
2022 $5,054,560 $5,510,808 $4,766,784 $-456,248
2021 $4,922,164 $5,212,438 $5,400,751 $-290,274
2020 $5,567,391 $5,095,571 $5,715,281 $471,820
2019 $5,919,713 $5,051,210 $5,126,697 $868,503
2018 $5,750,813 $4,668,936 $4,207,310 $1,081,877
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