NEW YORK LATHERS APPRENTICESHIP FUND (EIN 133049630) - 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

1946

Legal Domicile

Principal Officer

MICHAEL ANDERSON

Phone

2125352323

Tax Period

2024-01-01 to 2024-12-31

NEW YORK LATHERS APPRENTICESHIP FUND, founded in 1946, is a small nonprofit that reported $771K in total revenue in fiscal year 2024. Revenue fell 32% from the prior year — a significant decline worth monitoring. Expenses of $1.2M exceeded revenue, resulting in a 60% operating deficit.

Mission

PROVIDING TRAINING AND EDUCATION TO DEVELOP AND MAINTAIN THE SKILLS OF THE METAL LATHERS LOCAL 46 WORKERS AS WELL AS PROMOTING WORKER SAFETY AND PRODUCTIVITY.

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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 $0

Program Service Revenue $435,242

Investment Income $333,349

Other Revenue $2,176

TOTAL REVENUE $770,767

Expense Breakdown

Grants Paid $0

Salaries & Benefits $557,469

Fundraising Expenses $0

Program Expenses $1,116,451

Other Expenses $678,079

TOTAL EXPENSES $1,235,548

Year-over-Year Comparison

	2024	2023	Change
Revenue	$770,767	$1,133,403	-0.3%
Expenses	$1,235,548	$1,245,432	0.0%
Net Income	$-464,781	$-112,029	+3.1%

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

$240,012

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL ANDERSON	TRUSTEE	1.00	Director	$0	$0	$0
JOHN COFFEY	TRUSTEE	1.00	Director	$0	$0	$0
JOHN CLAUSMAN	TRUSTEE	1.00	Director	$0	$0	$0
GEORGE FERNANDEZ	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL SALGO	TRUSTEE	1.00	Director	$0	$0	$0
KEVIN O'BRIEN	TRUSTEE	1.00	Director	$0	$0	$0
JOSEPH MITRIONE	TRUSTEE	1.00	Director	$0	$0	$0
ANTHONY LANGAN	APPRENTICESHIP COORDINATOR	41.00	Officer	$144,282	$95,730	$240,012

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	$770,767	$1,235,548	$4,004,817	$-464,781
2023	$1,133,403	$1,245,432	$4,403,147	$-112,029
2023	$1,133,403	$1,245,432	$4,403,147	$-112,029
2022	$571,485	$1,301,375	$4,623,405	$-729,890
2021	$828,758	$1,288,069	$6,363,116	$-459,311
2020	$653,644	$1,213,844	$6,446,018	$-560,200
2019	$977,855	$1,371,448	$6,407,555	$-393,593
2018	$1,110,410	$1,596,344	$6,419,878	$-485,934

NEW YORK LATHERS APPRENTICESHIP FUND