NEW YORK CITY CARPENTERS RELIEF AND CHARITY FUND (EIN 133490897) - 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

1987

Legal Domicile

Principal Officer

WALTER SARACENI

Phone

2123667300

Tax Period

2024-07-01 to 2025-06-30

NEW YORK CITY CARPENTERS RELIEF AND CHARITY FUND, founded in 1987, is a small nonprofit that reported $430K in total revenue in fiscal year 2024. Expenses of $478K exceeded revenue, resulting in a 11% operating deficit.

Mission

TO MAKE CHARITABLE DONATIONS TO DULY RECOGNIZED TAX EXEMPT INSTITUTIONS WITHIN THE MEANING OF THE INTERNAL REVENUE CODE AND TO PROVIDE EMERGENCY ASSISTANCE TO BONA FIDE VICTIMS OF DISASTER AND CATASTROPHE AND TO SUPPORT COMMUNITY PROJECTS FOR THE GOOD OF THE GENERAL PUBLIC.

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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 $412,042

Investment Income $17,663

Other Revenue $0

TOTAL REVENUE $429,705

Expense Breakdown

Grants Paid $411,077

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $411,077

Other Expenses $66,698

TOTAL EXPENSES $477,775

Year-over-Year Comparison

	2024	2023	Change
Revenue	$429,705	$432,752	0.0%
Expenses	$477,775	$604,410	-0.2%
Net Income	$-48,070	$-171,658	-0.7%

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

N/A

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

$657,935

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN O'HARE	EMPLOYER TRUSTEE	2.00	Director	$0	$0	$0
JOHN DELOLLIS	EMPLOYER TRUSTEE	2.00	Director	$0	$0	$0
MICHAEL SALGO	EMPLOYER TRUSTEE	2.00	Director	$0	$0	$0
ROBERT WESSELS	EMPLOYER TRUSTEE	2.00	Director	$0	$0	$0
KRISTIN O'BRIEN FOWLKES	EXECUTIVE DIRECTOR	1.00	Officer	$0	$67,659	$370,075
WALTER SARACENI - EFF 625	INTERIM EXECUTIVE DIRECTOR	1.00	Officer	$0	$0	$0
ANGELA L MASSA	DIRECTOR OF FINANCE & INV	1.00	Officer	$0	$55,035	$287,860

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	$429,705	$477,775	$607,696	$-48,070
2024	$432,752	$604,410	$660,765	$-171,658
2023	$442,569	$450,524	$829,423	$-7,955
2022	$426,921	$566,074	$837,378	$-139,153
2021	$432,587	$549,573	$976,032	$-116,986
2020	$462,239	$459,872	$1,093,018	$2,367
2020	$462,239	$459,872	$1,093,018	$2,367
2019	$566,446	$578,128	$1,090,650	$-11,682
2018	$537,105	$356,324	$1,101,958	$180,781

NEW YORK CITY CARPENTERS RELIEF AND CHARITY FUND