CONSTRUCTION CRAFT LABORERS TRAINING AND APPRENTICESHIP FUND OF NEW JERSEY AND DE (EIN 226234965) - 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

1976

Legal Domicile

Principal Officer

MICHAEL E HELLSTROM

Phone

6098609223

Tax Period

2024-01-01 to 2024-12-31

CONSTRUCTION CRAFT LABORERS TRAINING AND APPRENTICESHIP FUND OF NEW JERSEY AND DE, founded in 1976, is a community nonprofit in the Employment sector that reported $6.2M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $5.3M left a modest 15% surplus.

Mission

TO PROVIDE TRAINING, SKILL IMPROVEMENT AND SAFETY EDUCATION TO ELIGIBLE PARTICIPANTS.

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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 $5,000

Program Service Revenue $5,310,372

Investment Income $927,979

Other Revenue $0

TOTAL REVENUE $6,243,351

Expense Breakdown

Grants Paid $116,000

Salaries & Benefits $3,239,042

Fundraising Expenses $0

Program Expenses $4,346,371

Other Expenses $1,965,189

TOTAL EXPENSES $5,320,231

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,243,351	$5,591,238	+0.1%
Expenses	$5,320,231	$5,278,575	+0.0%
Net Income	$923,120	$312,663	+2.0%

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

Key Employees

$610,188

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH DEMARCO	APPRENTICESHIP DIR	40.00	Key Emp	$210,271	$113,039	$323,310
DONALD A HOWARD	DIRECTOR	40.00	Key Emp	$222,270	$64,608	$286,878
BENITO R LABRADOR	INSTRUCTOR	40.00	Highest	$144,639	$64,608	$209,247
RAFAEL MIRANDA	INSTRUCTOR	40.00	Highest	$128,778	$64,608	$193,386
IVAN CARRION	INSTRUCTOR	40.00	Highest	$129,982	$59,090	$189,072
KIMBERLY SCHUMM	INSTRUCTOR	40.00	Highest	$112,755	$64,608	$177,363
KHARY I HIGGS	INSTRUCTOR	40.00	Highest	$111,216	$64,608	$175,824
MICHAEL E HELLSTROM	CO-CHAIRMAN	1.00	Officer	$0	$0	$0
JACK KOCSIS JR	CO-CHAIRMAN	1.00	Officer	$0	$0	$0
PAUL ROLDAN ENG	EMP TRUSTEE	1.00	Director	$0	$0	$0
CARL STYLES	UNION TRUSTEE	1.00	Director	$0	$0	$0
HECTOR FUENTES - EFF 124	UNION TRUSTEE	1.00	Director	$0	$0	$0
CURTIS LINTON	UNION TRUSTEE	1.00	Director	$0	$0	$0
ROBERT GARIEPY	EMP TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL FITZPATRICK	EMP TRUSTEE	1.00	Director	$0	$0	$0
JILL SCHIFF	EMP TRUSTEE	1.00	Director	$0	$0	$0
PHIL PRISCO	EMP TRUSTEE	1.00	Director	$0	$0	$0
JOHN MANCINI	UNION TRUSTEE	1.00	Director	$0	$0	$0
BRYAN HALFEN	UNION 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
2024	$6,243,351	$5,320,231	$16,572,861	$923,120
2023	$5,591,238	$5,278,575	$15,801,698	$312,663
2022	$4,705,619	$4,835,686	$14,781,122	$-130,067
2021	$4,654,495	$4,805,417	$15,764,079	$-150,922
2020	$4,278,861	$4,539,086	$16,135,872	$-260,225
2019	$5,087,556	$4,646,503	$15,488,076	$441,053
2018	$4,982,130	$4,473,969	$14,710,670	$508,161

CONSTRUCTION CRAFT LABORERS TRAINING AND APPRENTICESHIP FUND OF NEW JERSEY AND DE