NEWARK, NJ
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
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.
THE FUND PROVIDES JOURNEYMAN TRAINING AND APPRENTICE TRAINING CLASSES FOR THE PURPOSE OF VOCATIONAL AND ADVANCEMENT TRAINING, GENERAL AND SPECIFIC EDUCATION, AND IMPROVING SAFETY HABITS AND...
THE FUND PROVIDES JOURNEYMAN TRAINING AND APPRENTICE TRAINING CLASSES FOR THE PURPOSE OF VOCATIONAL AND ADVANCEMENT TRAINING, GENERAL AND SPECIFIC EDUCATION, AND IMPROVING SAFETY HABITS AND CONDITIONS ON BEHALF OF THE 7,670 PARTICIPANTS AS OF MARCH 31,2025 AND ALSO TO PARTICIPANTS OF ANOTHER TRAINING FUND. THE PLAN IS REIMBURSED BY THE OTHER TRAINING FUND FOR THE COSTS OF THE CLASSES PROVIDED. THE PROGRAM PROVIDES CLASSROOM INSTRUCTION IN ALL ASPECTS OF HEAVY AND HIGHWAY CONSTRUCTION. TRAINING COURSES ARE OFFERED ON A WIDE RANGE OF TOPICS AND INCLUDE SAFETY, ENVIRONMENTAL, HAZARDOUS WASTE WORKER, AND CONSTRUCTION SKILLS TRAINING AND PROVIDES TRAINING TO PREPARE WORKERS FOR PREVENTION AND RESPONSE TO FUTURE TERRORIST INCIDENTS AND RESPONSE TO NATURAL DISASTERS. THE PLAN CONDUCTS TRAINING IN TRENCH AND EXCAVATION SAFETY.
THE PLAN MAINTAINS A SCHOLARSHIP PROGRAM, AWARDING FOUR SCHOLARSHIPS PER YEAR TO CHILDREN OF PARTICIPANTS FOR UTILIZATION TOWARDS TUITION FEES AND OTHER RELATED COURSE EXPENSES. THE PROGRAM PROVIDES...
THE PLAN MAINTAINS A SCHOLARSHIP PROGRAM, AWARDING FOUR SCHOLARSHIPS PER YEAR TO CHILDREN OF PARTICIPANTS FOR UTILIZATION TOWARDS TUITION FEES AND OTHER RELATED COURSE EXPENSES. THE PROGRAM PROVIDES $5,000 ANNUALLY FOR FOUR YEARS TO THOSE SELECTED BY THE SCHOLARSHIP SELECTION COMMITTEE.THE BOARD OF TRUSTEES AGREED ON OCTOBER 26,2015 TO INCREASE THE YEARLY SCHOLARSHIP AWARD TO $5,000 ANNUALLY WITH A 4 YEAR MAXIMUM OF $20,000.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
Compare H&GL LOCAL UNIONS 472 & 172 SET FUND with other nonprofits in New Jersey and across the country.