PLASTERERS & CEMENT MASONS LOCAL N… - Form 990 Financial Data

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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

1967

Legal Domicile

Principal Officer

CHARLES LOCURTO

Phone

7166951494

Tax Period

2024-09-01 to 2025-08-31

PLASTERERS & CEMENT MASONS LOCAL NO 111 APPRENTICE TRAINING FUND, founded in 1967, is a small nonprofit that reported $220K in total revenue in fiscal year 2024. The organization ran a surplus of $113K, a strong 51% operating margin.

Mission

TO PROVIDE TRAINING AND EDUCATION TO HELP MEMBERS PERFORM THEIR JOBS MORE EFFICIENTLY.

Program Service Accomplishments

Program 1

Expenses: $75,124 Revenue: $211,435

TRAINING AND EDUCATION TO HELP MEMBERS PERFORM THEIR JOBS MORE EFFICIENTLY.

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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 $211,435

Investment Income $9,065

Other Revenue $0

TOTAL REVENUE $220,500

Expense Breakdown

Grants Paid $0

Salaries & Benefits $67,823

Fundraising Expenses $0

Program Expenses $75,124

Other Expenses $39,223

TOTAL EXPENSES $107,046

Year-over-Year Comparison

	2024	2023	Change
Revenue	$220,500	$204,943	+0.1%
Expenses	$107,046	$110,244	0.0%
Net Income	$113,454	$94,699	+0.2%

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

$152,276

Total Directors

$153,318

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN TOMASELLO	COORDINATOR/TRUSTEE	0.50	Officer Director	$0	$0	$75,098
CHARLES LOCURTO	FINANCIAL SECRETARY/TRUSTE	0.50	Officer Director	$0	$0	$77,178
MARK CATALANO	TRUSTEE	0.50	Director	$1,042	$0	$1,042
JIM LOGAN	TRUSTEE	0.50	Director	$0	$0	$0
JASON AIGNER	TRUSTEE	0.50	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	$220,500	$107,046	$491,684	$113,454
2024	$204,943	$110,244	$372,417	$94,699

PLASTERERS & CEMENT MASONS LOCAL NO 111 APPRENTICE TRAINING FUND