NATIONAL ELEVATOR INDUSTRY EDUCATIONAL PROGRAM

EIN: 236421955 501(c)(3)

ATTLEBORO FALLS, MA

Total Revenue
$50,223,538
Total Expenses
$47,274,417
Total Assets
$181,428,025
Net Assets
$171,749,826
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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
1967
Legal Domicile
MA
Principal Officer
DAVID MORGAN
Phone
5086992200
Tax Period
2024-07-01 to 2025-06-30

NATIONAL ELEVATOR INDUSTRY EDUCATIONAL PROGRAM, founded in 1967, is a mid-sized nonprofit that reported $50.2M in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $47.3M left a modest 6% surplus.

Mission

THE MISSION OF NATIONAL ELEVATOR INDUSTRY EDUCATIONAL PROGRAM (NEIEP) IS DESCRIBED IN SCHEDULE O.*THE MISSION OF NATIONAL ELEVATOR INDUSTRY EDUCATIONAL PROGRAM (NEIEP) IS TO DELIVER WORLD-CLASS EDUCATION, TRAINING, AND SAFETY AWARENESS TO ELEVATOR CONSTRUCTORS, MAINTAINING OUR POSITION AS THE MOST HIGHLY-SKILLED LABOR FORCE IN THE CONVEYANCE INDUSTRY. THE PURPOSE OF THE PROGRAM IS TO SUPPORT, THROUGH EMPLOYER CONTRIBUTIONS TO A TRUST FUND, EDUCATION AND TRAINING PROGRAMS FOR ELEVATOR CONSTRUCTOR MECHANICS, ASSISTANT MECHANICS, HELPERS, AND APPRENTICES.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $13,642
Program Service Revenue $41,031,348
Investment Income $9,160,681
Other Revenue $17,867
TOTAL REVENUE $50,223,538

Expense Breakdown

Grants Paid $0
Salaries & Benefits $25,325,097
Fundraising Expenses $0
Program Expenses $40,172,836
Other Expenses $21,949,320
TOTAL EXPENSES $47,274,417

Year-over-Year Comparison

2024 2023 Change
Revenue $50,223,538 $43,762,043 +0.1%
Expenses $47,274,417 $43,594,607 +0.1%
Net Income $2,949,121 $167,436 +16.6%
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

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Governance

Voting Members
10
Independent Members
10
Employees
871
Volunteers
530

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
2
$744,387
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARK ANDERSON TRUSTEE 2.00
Director
$0 $0 $0
ABEL J ARABITG TRUSTEE 2.00
Director
$0 $0 $0
PAUL CAFFARELLI TRUSTEE 2.00
Director
$0 $0 $0
MICHAEL CAMPBELL TRUSTEE 2.00
Director
$0 $0 $0
ROBERT P CAPUANI JR TRUSTEE 2.00
Director
$0 $0 $0
RANDY J CHISTOLINI TRUSTEE 2.00
Director
$0 $0 $0
JOHN FAURE TRUSTEE 2.00
Director
$0 $0 $0
MARC J HOLYOKE TRUSTEE 2.00
Director
$0 $0 $0
LEONARD R LEGOTTE TRUSTEE 2.00
Director
$0 $0 $0
DAVID LOPEZ JR TRUSTEE 2.00
Director
$0 $0 $0
MARK MANNING TRUSTEE 2.00
Director
$0 $0 $0
LARRY J MCGANN TRUSTEE 2.00
Director
$0 $0 $0
DAVID T MORGAN EXECUTIVE DIRECTOR 50.00
Officer
$321,548 $83,756 $405,304
JOHN J CAUGHEY ASSISTANT EXECUTIVE DIRECTOR 50.00
Officer
$255,327 $83,756 $339,083
EDWARD L CHRISTENSEN JR NATIONAL COORDINATOR 45.00
Highest
$220,403 $81,073 $301,476
JOEL M ROBERTS AREA COORDINATOR 45.00
Highest
$212,612 $81,073 $293,685
LESTER E WHITE DEPARTMENT HEAD OF DEVELOPMENT 45.00
Highest
$210,948 $77,300 $288,248
PHILIP J DUCATELLI AREA COORDINATOR 45.00
Highest
$209,779 $81,073 $290,852
CURTIS R DEVILLERS SUBJECT MATTER EXPERT 45.00
Highest
$188,560 $77,300 $265,860
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 $50,223,538 $47,274,417 $181,428,025 $2,949,121
2024 No data No data No data No data
2023 $36,692,886 $40,069,195 $171,999,806 $-3,376,309
2022 $36,648,824 $34,986,846 $171,436,015 $1,661,978
2021 $37,822,732 $24,749,858 $187,712,359 $13,072,874
2020 $37,777,918 $34,814,050 $159,111,688 $2,963,868
2019 $36,761,307 $37,069,437 $156,666,433 $-308,130
2018 $45,427,645 $34,952,766 $154,776,522 $10,474,879
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