BLASTERS DRILLRUNNERS & MINERS LOCAL 29 TRAINING FUND

EIN: 204251446

ASTORIA, NY

Total Revenue
$4,790
Total Expenses
$11,457
Total Assets
N/A
Net Assets
N/A
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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
2006
Legal Domicile
NY
Principal Officer
FRANK BIANCANIELLO
Phone
7187060720
Tax Period
2019-01-01 to 2019-12-31

BLASTERS DRILLRUNNERS & MINERS LOCAL 29 TRAINING FUND, founded in 2006, is a micro nonprofit that reported $5K in total revenue in fiscal year 2019. Revenue fell 98% from the prior year — a significant decline worth monitoring. Expenses of $11K exceeded revenue, resulting in a 139% operating deficit.

Mission

COLLECTIVELY BARGAINED MULTI-EMPLOYER TRAINING FUND TO PROVIDE TRAINING, RE-TRAINING AND EDUCATION BENEFITS ON BEHALF OF EMPLOYEES OF CONTRIBUTING EMPLOYERS & DEPENDENTS OF SUCH EMPLOYEES

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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 (2019)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $0
Other Revenue $4,790
TOTAL REVENUE $4,790

Expense Breakdown

Grants Paid $0
Salaries & Benefits $770
Fundraising Expenses $0
Other Expenses $10,687
TOTAL EXPENSES $11,457

Year-over-Year Comparison

2019 2018 Change
Revenue $4,790 $249,113 -1.0%
Expenses $11,457 $447,355 -1.0%
Net Income $-6,667 $-198,242 -1.0%
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
4
Independent Members
4
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
0
$0
Total Directors
4
$493,647
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
FRANK BIANCANIELLO TRUSTEE 0.00
Director
$0 $171,210 $493,647
DENISE RICHARDSON TRUSTEE N/A
Director
$0 $0 $0
MARK ROSEN TRUSTEE N/A
Director
$0 $0 $0
ROBERT WESSEL TRUSTEE N/A
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
2019 $4,790 $11,457 No data $-6,667
2018 $249,113 $447,355 $736,513 $-198,242
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