ASSOCIATED ROOFERS EDUCATIONAL CORPORATION (EIN 161557845) - 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

1998

Legal Domicile

Principal Officer

CHARLES GRATTON

Phone

3156991388

Tax Period

2022-01-01 to 2022-12-31

ASSOCIATED ROOFERS EDUCATIONAL CORPORATION, founded in 1998, is a micro nonprofit in the Education sector that reported $2 in total revenue in fiscal year 2022. Revenue fell 100% from the prior year — a significant decline worth monitoring. Expenses of $5K exceeded revenue, resulting in a 238600% operating deficit.

Mission

AN ACCREDITED ORGANIZATION WITH THE NEW YORK STATE DEPARTMENT OF EDUCATION FOR THE PURPOSE OF SAFETY AND EDUCATION TRAINING IN REGARDS TO HAZARDOUS ABATEMENT MATERIAL. INCLUDING BUT NOT LIMITED TO ASBESTOS REMOVAL. THE MAIN GOAL OF WHICH IS TO SERVE THE MEMBERSHIP AND EMPLOYEES OF ROOFERS LOCAL #195, ROOFERS LOCAL #22, ROOFERS LOCAL #203, ROOFERS LOCAL #210, AND ROOFERS LOCAL #154.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,302

Fundraising Expenses $0

Other Expenses $2,472

TOTAL EXPENSES $4,774

Year-over-Year Comparison

	2022	2021	Change
Revenue	$2	$6,363	-1.0%
Expenses	$4,774	$9,268	-0.5%
Net Income	$-4,772	$-2,905	+0.6%

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

$2,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLES GRATTON	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
MARVIN JEROME	PRESIDENT	1.00	Officer Director	$0	$0	$0
SAL GIOVANNIELLO	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
PHIL LESTER	BOARD MEMBER	1.00	Director	$0	$0	$0
MIKE ROSSI	BOARD MEMBER	1.00	Director	$0	$0	$0
PATRICIA REDHEAD	PLAN ADMINISTRATOR	1.00	Officer	$2,000	$0	$2,000

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
2022	$2	$4,774	$13,778	$-4,772
2021	$6,363	$9,268	$18,550	$-2,905
2020	$39,611	$40,842	$23,275	$-1,231
2019	$58,704	$54,904	$22,737	$3,800
2018	$39,990	$38,846	$19,875	$1,144

ASSOCIATED ROOFERS EDUCATIONAL CORPORATION