JOINT APPRENTICESHIP TRAINING FUND OF LOCAL UNION #164 (EIN 226029937) - 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

1987

Legal Domicile

Principal Officer

WARREN BECKER

Phone

2012251641

Tax Period

2023-01-01 to 2023-12-31

JOINT APPRENTICESHIP TRAINING FUND OF LOCAL UNION #164, founded in 1987, is a community nonprofit in the Education sector that reported $4.1M in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year. Expenses of $5.5M exceeded revenue, resulting in a 34% operating deficit.

Mission

PROVIDE WAGES AND BENEFITS WHILE ATTENDING TRAINING CLASSES.

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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 $3,439,370

Investment Income $467,707

Other Revenue $181,391

TOTAL REVENUE $4,088,468

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,965,366

Fundraising Expenses $0

Program Expenses $4,616,450

Other Expenses $941,868

TOTAL EXPENSES $5,474,942

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,088,468	$4,579,435	-0.1%
Expenses	$5,474,942	$5,085,206	+0.1%
Net Income	$-1,386,474	$-505,771	+1.7%

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

271

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

$415,144

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANIEL KELLY	TRUSTEE	1.00	Director	$0	$0	$0
VINCENT COLUCCI	TRUSTEE	1.00	Director	$0	$0	$0
ANTHONY D'ANNA	TRUSTEE	1.00	Director	$0	$0	$0
PHILIP CHIANETTA	TRUSTEE	1.00	Director	$0	$0	$0
THOMAS SULLIVAN	TRUSTEE	1.00	Director	$0	$0	$0
DANIEL GUMBLE	TRUSTEE	1.00	Director	$0	$156,171	$415,144
JAMES ESTABROOK	TRUSTEE	1.00	Director	$0	$0	$0
VICTOR DOCHERTY	TRUSTEE	1.00	Director	$0	$0	$0
WARREN BECKER	TRAINING DIRECTOR	40.00	Highest	$193,215	$117,861	$311,076
ROCH LEPAGE	INSTRUCTOR	40.00	Highest	$142,332	$86,823	$229,155
MICHAEL DEGIGLIO	INSTRUCTOR	40.00	Highest	$150,324	$91,642	$241,966
CRAIG SPARANO	INSTRUCTOR	40.00	Highest	$158,718	$71,827	$230,545
IVAN TARABOCCHIA	INSTRUCTOR	40.00	Highest	$158,718	$96,818	$255,536

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
2024	No data	No data	No data	No data
2023	$4,088,468	$5,474,942	$16,168,607	$-1,386,474
2022	$4,579,435	$5,085,206	$16,852,868	$-505,771
2021	$4,299,279	$4,787,290	$19,017,559	$-488,011
2020	$3,486,938	$3,910,072	$18,178,886	$-423,134
2019	$4,298,848	$4,209,664	$17,903,895	$89,184
2018	$3,917,642	$4,138,607	$16,518,911	$-220,965

JOINT APPRENTICESHIP TRAINING FUND OF LOCAL UNION #164