EASTERN ATLANTIC STATES CARPENTERS… - Form 990 Financial Data

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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

1983

Legal Domicile

Principal Officer

ROBERT SMITH

Phone

2158242300

Tax Period

2024-07-01 to 2025-06-30

EASTERN ATLANTIC STATES CARPENTERS TECHNICAL CENTERS, founded in 1983, is a mid-sized nonprofit in the Employment sector that reported $30.6M in total revenue in fiscal year 2024. Revenue surged 44% from the prior year, signaling strong growth momentum. Expenses of $29.0M left a modest 5% surplus.

Mission

TO MAINTAIN TRAINING FACILITIES FOR THE PURPOSE OF TRAINING APPRENTICE CARPENTERS AND DEFRAYING THE COSTS ASSOCIATED WITH VOCATIONAL AND ADVANCEMENT TRAINING.

Program Service Accomplishments

Program 1

Expenses: $25,972,672 Revenue: $25,278,727

TO MAINTAIN TRAINING FACILITIES FOR THE PURPOSE OF TRAINING APPRENTICE CARPENTERS AND DEFRAYING THE COSTS ASSOCIATED WITH VOCATIONAL AND ADVANCEMENT TRAINING.

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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 $1,598,495

Program Service Revenue $25,454,151

Investment Income $2,619,302

Other Revenue $958,858

TOTAL REVENUE $30,630,806

Expense Breakdown

Grants Paid $0

Salaries & Benefits $17,276,027

Fundraising Expenses $0

Program Expenses $25,972,672

Other Expenses $11,679,983

TOTAL EXPENSES $28,956,010

Year-over-Year Comparison

	2024	2023	Change
Revenue	$30,630,806	$21,321,677	+0.4%
Expenses	$28,956,010	$20,611,754	+0.4%
Net Income	$1,674,796	$709,923	+1.4%

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

$1,028,668

Total Directors

Key Employees

$606,826

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANTHONY ABRANTES	LABOR TRUSTEE/VICE CO CHAIR	1.00	Director	$0	$0	$0
RICHARD BARCASKEY	EMPLOYER TRUSTEE - EFF 1/25	1.00	Director	$0	$0	$0
WADE BAUMGARTNER	LABOR TRUSTEE - EFF 1/25	1.00	Director	$0	$0	$0
RAY BRUGUERAS	LABOR TRUSTEE	1.00	Director	$0	$0	$0
ANDREW BULAKOWSKI	LABOR TRUSTEE - THRU 12/24	1.00	Director	$0	$0	$0
JOHN PAUL BUSSE	EMPLOYER TRUSTEE - EFF 1/25	1.00	Director	$0	$0	$0
JOSEPH CLEARKIN	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL CONNER	LABOR TRUSTEE - EFF 1/25	1.00	Director	$0	$0	$0
BENJAMIN CONNORS	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
STEPHEN CONRON	EMPLOYER TRUSTEE - THRU 12/24	1.00	Director	$0	$0	$0
ANDY DANIEL	EMPLOYER TRUSTEE - EFF 1/25	1.00	Director	$0	$0	$0
DAVID DAQUELENTE	EMPLOYER TRUSTEE - EFF 1/25	1.00	Director	$0	$0	$0
JOHN DELSORDI	LABOR TRUSTEE	1.00	Director	$0	$0	$0
JOSEPH DONOFRIO	EMPLOYER TRUSTEE - THRU 12/24	1.00	Director	$0	$0	$0
RICH FOLEY	LABOR TRUSTEE - EFF 1/25	1.00	Director	$0	$0	$0
BRUCE GARGANIO	LABOR TRUSTEE	1.00	Director	$0	$0	$0
GLENN GARLATTI	EMPLOYER TRUSTEE - THRU 7/24	1.00	Director	$0	$0	$0
TIM GOODEN	EMPLOYER TRUSTEE - EFF 1/25	1.00	Director	$0	$0	$0
MARK HALL	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
SEAN HEALY	EMPLOYER TRUSTEE - EFF 3/25	1.00	Director	$0	$0	$0
JAMES HOCKER	LABOR TRUSTEE	1.00	Director	$0	$0	$0
ROBERT HUDSON	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
THOMAS IVESON	LABOR TRUSTEE	1.00	Director	$0	$0	$0
JEREMY JEFFERS	LABOR TRUSTEE - EFF 1/25	1.00	Director	$0	$0	$0
ERIC JENSEN	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
JACK KOCSIS	EMPLOYER TRUSTEE/CO CHAIR	1.00	Director	$0	$0	$0
BRIAN LAYTON	LABOR TRUSTEE - EFF 1/25	1.00	Director	$0	$0	$0
STEPHEN DE LEON	EMPLOYER TRUSTEE - EFF 1/25	1.00	Director	$0	$0	$0
JOE LOCKLEY	LABOR TRUSTEE	1.00	Director	$0	$0	$0
JOHN MASCARO	EMPLOYER TRUSTEE - EFF 1/25	1.00	Director	$0	$0	$0
CRAIG MELOGRANO	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
DAN MILLER	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL MORROW	LABOR TRUSTEE - THRU 12/24	1.00	Director	$0	$0	$0
JOEL NIECGORSKI	LABOR TRUSTEE - EFF 1/25	1.00	Director	$0	$0	$0
SAM NOEL	LABOR TRUSTEE - THRU 12/24	1.00	Director	$0	$0	$0
OLAF OLSEN	LABOR TRUSTEE	1.00	Director	$0	$0	$0
RONALD PAPA	LABOR TRUSTEE - THRU 12/24	1.00	Director	$0	$0	$0
ARASH PARHAM	EMPLOYER TRUSTEE - EFF 1/25	1.00	Director	$0	$0	$0
FRAN PIETRINI	EMPLOYER TRUSTEE - THRU 3/25	1.00	Director	$0	$0	$0
ROBERT POLISANO	EMPLOYER TRUSTEE - THRU 12/24	1.00	Director	$0	$0	$0
PHILIP PRISCO	EMPLOYER TRUSTEE - EFF 7/24	1.00	Director	$0	$0	$0
PHILIP RADOMSKI	EMPLOYER TRUSTEE/VICE CO CHAIR	1.00	Director	$0	$0	$0
JOHN ROBINSON	LABOR TRUSTEE	1.00	Director	$0	$0	$0
GEORGE RUSK	EMPLOYER TRUSTEE - EFF 1/25	1.00	Director	$0	$0	$0
MICHAEL SCHILLINGER	EMPLOYER TRUSTEE - THRU 12/24	1.00	Director	$0	$0	$0
ADAM SCHMIT	EMPLOYER TRUSTEE - THRU 12/24	1.00	Director	$0	$0	$0
JAMIE V SERRITELLA	LABOR TRUSTEE	1.00	Director	$0	$0	$0
DREW SIMPSON	LABOR TRUSTEE - EFF 1/25	1.00	Director	$0	$0	$0
WILLIAM SPROULE	LABOR TRUSTEE/CO-CHAIR	1.00	Director	$0	$0	$0
JESSE STACY	LABOR TRUSTEE - EFF 1/25	1.00	Director	$0	$0	$0
ROBERT TARBY	LABOR TRUSTEE	1.00	Director	$0	$0	$0
KEN THOMSON	EMPLOYER TRUSTEE - EFF 1/25	1.00	Director	$0	$0	$0
KEN UMBEL	LABOR TRUSTEE - EFF 1/25	1.00	Director	$0	$0	$0
PETER TONIA	EXECUTIVE FUNDS DIRECTOR	3.00	Officer	$0	$299,133	$642,220
ROBERT SMITH	DIRECTOR	40.00	Officer	$245,712	$140,736	$386,448
ROBERT LANDY	DIRECTOR	40.00	Key Emp	$197,366	$114,282	$311,648
PHIL DIAZ	DIRECTOR	40.00	Key Emp	$186,323	$108,855	$295,178
JOSEPH MOORE	INSTRUCTOR	40.00	Highest	$181,004	$109,704	$290,708
BRANDON BARRETT	INSTRUCTOR	40.00	Highest	$174,698	$91,180	$265,878
AARON GREENE	INSTRUCTOR	40.00	Highest	$173,211	$71,374	$244,585
RONALD WALSH	COORDINATOR	40.00	Highest	$166,049	$69,899	$235,948
TIMOTHY WARING	COORDINATOR	40.00	Highest	$164,467	$97,619	$262,086

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	$30,630,806	$28,956,010	$77,010,621	$1,674,796
2024	$21,321,677	$20,611,754	$33,347,457	$709,923
2023	$12,024,674	$14,664,307	$31,356,180	$-2,639,633
2022	$6,924,336	$7,386,063	$14,328,660	$-461,727
2021	$6,553,003	$6,921,278	$16,564,135	$-368,275
2019	$7,201,219	$7,000,794	$16,553,082	$200,425
2018	$6,853,782	$7,026,843	$16,379,867	$-173,061

EASTERN ATLANTIC STATES CARPENTERS TECHNICAL CENTERS