H&GL LOCAL UNIONS 472 & 172 SET FUND

EIN: 226171671 501(c)(3)

NEWARK, NJ

Total Revenue
$9,989,942
Total Expenses
$7,456,507
Total Assets
$45,335,065
Net Assets
$44,859,051
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1972
Legal Domicile
NJ
Principal Officer
BEVERLY CEASER
Phone
9735895050
Tax Period
2024-04-01 to 2025-03-31

H&GL LOCAL UNIONS 472 & 172 SET FUND, founded in 1972, is a community nonprofit that reported $10.0M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $2.5M, a strong 25% operating margin.

Mission

TO DEFRAY THE COSTS APPERTAINING TO VOCATIONAL AND ADVANCEMENT TRAINING, GENERAL AND SPECIFIC EDUCATION, IMPROVING AND INSURING SAFETY HABITS AND CONDITIONS, AND TO DEVISE AND IMPLEMENT SUCH PROCEDURES AND PROGRAMS NECESSARY OR FAVORABLE TO FULFILL THE FOREGOING OBJECTIVES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $384
Program Service Revenue $8,682,968
Investment Income $1,306,590
Other Revenue $0
TOTAL REVENUE $9,989,942

Expense Breakdown

Grants Paid $77,500
Salaries & Benefits $3,857,101
Fundraising Expenses $0
Program Expenses $6,194,430
Other Expenses $3,521,906
TOTAL EXPENSES $7,456,507

Year-over-Year Comparison

2024 2023 Change
Revenue $9,989,942 $8,808,727 +0.1%
Expenses $7,456,507 $6,865,823 +0.1%
Net Income $2,533,435 $1,942,904 +0.3%
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

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Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
10
Employees
21
Volunteers
10

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
5
$1,271,173
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BEVERLY CEASER GENERAL MANAGER 3.00
Officer
$0 $91,173 $354,567
GEORGE SAMUELSEN Executive Direc 40.00
Officer
$193,310 $78,882 $272,192
RUSSELL BLEY ASST. GEN. MGR. 3.00
Officer
$0 $78,294 $268,466
JOHN J BOHME INSTRUCTOR 45.00
$149,663 $97,557 $247,220
MICHAEL GRISKO INSTRUCTOR 44.00
$146,685 $94,153 $240,838
JOSEPH SCERBO III Executive Direc 41.00
Officer
$157,872 $79,293 $237,165
HOWARD TOMLIN INSTRUCTOR 45.00
$145,577 $87,975 $233,552
WILLIAM COFFIN INSTRUCTOR 45.00
$145,619 $87,064 $232,683
SERGIO DASILVA INSTRUCTOR 45.00
$144,195 $87,086 $231,281
JOSEPH SCERBO JR Executive Direc 40.00
Officer
$113,019 $25,764 $138,783
DEREK BROOKS Trustee 1.00
Director
$0 $0 $0
MANUEL AMADOR JR TRUSTEE-CO-CHR. 1.00
Director
$0 $0 $0
ANTHONY CAPACCIO Trustee 1.00
Director
$0 $0 $0
FRANK CRISCOLA JR Trustee 1.00
Director
$0 $0 $0
MICHAEL E HELLSTROM JR Trustee 1.00
Director
$0 $0 $0
JEFFREY S WATERS TRUSTEE 1.00
Director
$0 $0 $0
BRIAN DELPOME Trustee 1.00
Director
$0 $0 $0
NELSON FERREIRA Trustee 1.00
Director
$0 $0 $0
JACK KOCSIS JR Trustee 1.00
Director
$0 $0 $0
DAVID RIBLE TRUSTEE-CO-CHR. 1.00
Director
$0 $0 $0
DENNIS D'IMPERIO Trustee 1.00
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 $9,989,942 $7,456,507 $45,335,065 $2,533,435
2024 $8,808,727 $6,865,823 $42,277,260 $1,942,904
2023 $7,683,602 $6,020,499 $40,088,095 $1,663,103
2022 $7,636,273 $5,257,676 $38,109,361 $2,378,597
2021 $7,891,700 $5,230,713 $36,476,306 $2,660,987
2020 $7,817,527 $5,771,618 $33,924,239 $2,045,909
2019 $7,618,732 $5,689,647 $31,897,380 $1,929,085
2018 $7,238,060 $5,429,718 $29,953,795 $1,808,342
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