EASTERN ATLANTIC STATES REGIONAL COUNCIL OF CARPENTERS SCHOLARSHIP FD A NJ NP COR (EIN 226676052) - 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

1996

Legal Domicile

Principal Officer

WILLIAM SPROULE

Phone

7324179229

Tax Period

2024-12-01 to 2025-11-30

EASTERN ATLANTIC STATES REGIONAL COUNCIL OF CARPENTERS SCHOLARSHIP FD A NJ NP COR, founded in 1996, is a small nonprofit in the Education sector that reported $347K in total revenue in fiscal year 2024. Revenue decreased 14% compared to the prior year. The organization ran a surplus of $188K, a strong 54% operating margin.

Mission

TO PROVIDE SCHOLARSHIPS TO THE CHILDREN AND GRANDCHILDREN OF UNION CARPENTERS AFFLIATED WITH THE EASTERN ATLANTIC STATES REGIONAL COUNCIL OF CARPENTERS.

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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 $346,131

Program Service Revenue $0

Investment Income $735

Other Revenue $0

TOTAL REVENUE $346,866

Expense Breakdown

Grants Paid $107,750

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $107,750

Other Expenses $50,643

TOTAL EXPENSES $158,393

Year-over-Year Comparison

	2024	2023	Change
Revenue	$346,866	$402,249	-0.1%
Expenses	$158,393	$113,532	+0.4%
Net Income	$188,473	$288,717	-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

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

N/A

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK HALL	TRUSTEE	1.00	Director	$0	$0	$0
RAY BRUGUERAS	TRUSTEE/TREASURER	1.00	Officer Director	$0	$0	$0
STEVE STOKES	TRUSTEE	1.00	Director	$0	$0	$0
PHIL RADOMSKI	TRUSTEE	1.00	Director	$0	$0	$0
BENJAMIN CONNORS	TRUSTEE	1.00	Director	$0	$0	$0
GEORGE MALONEY	TRUSTEE	1.00	Director	$0	$0	$0
WILLIAM SPROULE	PRESIDENT/CHAIRMAN	1.00	Officer Director	$0	$0	$0
JACK KOCSIS	TRUSTEE/SEC	1.00	Officer Director	$0	$0	$0
DREW SIMPSON	TRUSTEE	1.00	Director	$0	$0	$0
THOMAS IVESON	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	$346,866	$158,393	$1,768,958	$188,473
2024	$402,249	$113,532	$1,506,572	$288,717
2023	$146,208	$123,572	$1,163,612	$22,636
2022	$381,045	$107,836	$1,137,103	$273,209
2021	$335,960	$155,822	$926,721	$180,138
2018	$176,770	$194,174	$611,368	$-17,404

EASTERN ATLANTIC STATES REGIONAL COUNCIL OF CARPENTERS SCHOLARSHIP FD A NJ NP COR