BAC ADC of New Jersey Apprentice Training and Educational Fund (EIN 227092437) - 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

1969

Legal Domicile

Phone

6093249681

Tax Period

2023-01-01 to 2023-12-31

BAC ADC of New Jersey Apprentice Training and Educational Fund, founded in 1969, is a small nonprofit that reported $722K in total revenue in fiscal year 2023. Revenue surged 39% from the prior year, signaling strong growth momentum. The organization ran a surplus of $162K, a strong 22% operating margin.

Mission

Training of apprentices in the various crafts that are within the jurisdiction of the Bricklayers & Allied Craftworkers Administrative District Council of NJ.

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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 $665,362

Investment Income $113,725

Other Revenue $-57,234

TOTAL REVENUE $721,853

Expense Breakdown

Grants Paid $0

Salaries & Benefits $192,884

Fundraising Expenses $0

Program Expenses $425,136

Other Expenses $367,303

TOTAL EXPENSES $560,187

Year-over-Year Comparison

	2023	2022	Change
Revenue	$721,853	$518,724	+0.4%
Expenses	$560,187	$601,140	-0.1%
Net Income	$161,666	$-82,416	-3.0%

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Thomas Doherty	App. Coordinator	40.00		$93,172	$55,611	$148,783
John F Capo	Trustee	0.00	Director	$0	$0	$0
Leon Jones Jr	Trustee	0.00	Director	$0	$0	$0
Kenneth Simone	Trustee	0.00	Director	$0	$0	$0
Jeffrey Burner	Trustee	0.00	Director	$0	$0	$0
Jack Kocsis	Trustee	0.00	Director	$0	$0	$0
James Prisco	Trustee	0.00	Director	$0	$0	$0
Carol Ciesielski	Trustee	0.00	Director	$0	$0	$0
John DeConie	Trustee	0.00	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	No data	No data	No data	No data
2023	$721,853	$560,187	$3,508,534	$161,666
2022	$518,724	$601,140	$4,796,348	$-82,416
2021	$637,313	$569,051	$3,611,473	$68,262
2020	$583,551	$470,092	$3,288,858	$113,459
2019	$612,430	$514,971	$3,166,850	$97,459
2018	$609,108	$488,629	$3,034,849	$120,479

BAC ADC of New Jersey Apprentice Training and Educational Fund