NEW YORK STATE LABORERS' EMPLOYERS COOPERATION AND EDUCATION TRUST (EIN 223060487) - 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

1991

Legal Domicile

Principal Officer

EARL HALL

Phone

5184491715

Tax Period

2024-01-01 to 2024-12-31

NEW YORK STATE LABORERS' EMPLOYERS COOPERATION AND EDUCATION TRUST, founded in 1991, is a community nonprofit that reported $7.0M in total revenue in fiscal year 2024. Expenses of $6.1M left a modest 13% surplus.

Mission

TO PROMOTE HARMONIOUS AND COOPERATIVE RELATIONS BETWEEN AND AMONG REPRESENTATIVES OF MANAGEMENT AND LABOR IN THE CONSTRUCTION INDUSTRY AND TO PROMOTE THE ESTABLISHMENT AND MAINTENANCE OF QUALITY TRAINING PROGRAMS FOR LABORERS.

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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 $5,568,318

Investment Income $1,301,589

Other Revenue $105,006

TOTAL REVENUE $6,974,913

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,401,894

Fundraising Expenses $0

Other Expenses $3,674,070

TOTAL EXPENSES $6,075,964

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,974,913	$6,560,858	+0.1%
Expenses	$6,075,964	$4,963,276	+0.2%
Net Income	$898,949	$1,597,582	-0.4%

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

Total Directors

$341,360

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRICK PURCELL	EXECUTIVE DIRECTOR	40.00	Director	$240,189	$101,171	$341,360
CARMINE D'AMATO	CO-CHAIR	1.00	Officer	$0	$0	$0
JOHN O'HARE	MANAGEMENT TRUSTEE	1.00	Officer	$0	$0	$0
ANGELO ANGELONE	TRUSTEE	1.00	Officer	$0	$0	$0
EARL HALL	CO-CHAIR	1.00	Officer	$0	$0	$0
ROBERT WESSELS	MANAGEMENT TRUSTEE	1.00	Officer	$0	$0	$0
SAMUEL CAPITANO	TRUSTEE	1.00	Officer	$0	$0	$0
MICHAEL PROHASKA	TRUSTEE	1.00	Officer	$0	$0	$0
ROSS PEPE	PAST CO-CHAIR	1.00	Officer	$0	$0	$0
DAVID BOLGER	TRUSTEE	1.00	Officer	$0	$0	$0
JEREMY DELGADO	EMPLOYEE	40.00	Highest	$165,956	$88,419	$254,375
KIMBERLY DEVANE	EMPLOYEE	40.00	Highest	$187,744	$101,152	$288,896
JOSEPH MIRABILE	EMPLOYEE	40.00	Highest	$165,954	$94,834	$260,788
KAREN NEIL	EMPLOYEE	40.00	Highest	$141,214	$24,761	$165,975
GWENNAN BOUCHARD	EMPLOYEE	40.00	Highest	$138,653	$82,406	$221,059

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	$6,974,913	$6,075,964	$28,633,210	$898,949
2023	$6,560,858	$4,963,276	$25,881,775	$1,597,582
2022	$5,802,081	$4,562,896	$21,859,953	$1,239,185
2021	$5,669,563	$3,793,228	$24,324,236	$1,876,335
2020	$4,579,405	$3,272,951	$20,273,701	$1,306,454
2019	$7,094,246	$6,301,487	$17,228,028	$792,759
2018	$6,439,515	$5,863,644	$14,332,626	$575,871

NEW YORK STATE LABORERS' EMPLOYERS COOPERATION AND EDUCATION TRUST