Empire State Merit Apprenticeship Allian (EIN 208482142) - 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

2007

Legal Domicile

Principal Officer

Penelope Hazer

Phone

3158630383

Tax Period

2023-07-01 to 2024-06-30

Empire State Merit Apprenticeship Allian, founded in 2007, is a community nonprofit in the Community Improvement sector that reported $1.2M in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $1.1M left a modest 9% surplus.

Mission

TO PROVIDE INDUSTRY LEADING, NEW YORK STATE DEPARTMENT OF LABOR REGISTERED APPRENTICESHIP TRAINING PROGRAMS IN FULL COMPLIANCE WITH STATE AND FEDERAL REGULATIONS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,225,554

Investment Income $60

Other Revenue $1,633

TOTAL REVENUE $1,227,247

Expense Breakdown

Grants Paid $1,841

Salaries & Benefits $585,324

Fundraising Expenses $0

Program Expenses $878,046

Other Expenses $528,892

TOTAL EXPENSES $1,116,057

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,227,247	$1,044,173	+0.2%
Expenses	$1,116,057	$998,396	+0.1%
Net Income	$111,190	$45,777	+1.4%

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

$190,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Dave LaSpada	Past Chair	1.00	Officer Director	$0	$0	$0
Rick Whitney	Chairman	1.00	Director	$0	$0	$0
Jeff Alessio	Trustee	1.00	Director	$0	$0	$0
Amos Dicob	Trustee	1.00	Director	$0	$0	$0
Eamon Lynch	Trustee	1.00	Director	$0	$0	$0
Gaspare Saracino	Trustee	1.00	Director	$0	$0	$0
Chris Jones	Trustee	1.00	Director	$0	$0	$0
Mike Hamel	Trustee	1.00	Director	$0	$0	$0
Bob Cherry	TREASURER	1.00	Director	$0	$0	$0
Chris Monohan	TRUSTEE	1.00	Director	$0	$0	$0
Penelope Hazer	President	40.00	Officer	$190,000	$0	$190,000

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
2025	No data	No data	No data	No data
2024	$1,227,247	$1,116,057	$966,247	$111,190
2023	$1,044,173	$998,396	$855,567	$45,777
2022	$1,231,568	$1,042,056	$837,811	$189,512
2020	$674,820	$631,520	$517,224	$43,300
2019	$606,350	$483,124	$483,827	$123,226

Empire State Merit Apprenticeship Allian