NORTHEAST CARPENTERS APPRENTICE FUND (EIN 237041867) - 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

Principal Officer

ROBERT SMITH

Phone

9082418866

Tax Period

2022-01-01 to 2022-12-31

NORTHEAST CARPENTERS APPRENTICE FUND, founded in 1969, is a mid-sized nonprofit that reported $11.1M in total revenue in fiscal year 2022.

Mission

TO MAINTAIN TRAINING FACILITIES TO PROVIDE TRAINING OF APPRENTICES AND UPGRADING OF SKILL LEVEL FOR TRAINING JOURNEY LEVEL 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 (2022)

Revenue Breakdown

Contributions & Grants $601,293

Program Service Revenue $9,722,775

Investment Income $360,247

Other Revenue $464,755

TOTAL REVENUE $11,149,070

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,577,856

Fundraising Expenses $0

Program Expenses $10,293,017

Other Expenses $4,926,975

TOTAL EXPENSES $11,504,831

Year-over-Year Comparison

	2022	2021	Change
Revenue	$11,149,070	$10,381,249	+0.1%
Expenses	$11,504,831	$10,632,114	+0.1%
Net Income	$-355,761	$-250,865	+0.4%

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

$350,599

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JACK KOCSIS	EMPLOYER TRUSTEE/CO-CHAIR	1.00	Director	$0	$0	$0
ERIC JENSEN	EMPLOYER TRUSTEE/VICE CO-CHAIR	1.00	Director	$0	$0	$0
ADAM SCHMIT	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
GLENN GARLATTI	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
JOHN EPIFANO	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
MARK HALL	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL TRAVOSTINO	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
ROBERT HUDSON	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
ROBERT POLISANO	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
WILLIAM SPROULE	LABOR TRUSTEE/CO-CHAIR	1.00	Director	$0	$0	$0
ANTHONY ABRANTES	LABOR TRUSTEE	1.00	Director	$0	$0	$0
RAY BRUGUERAS	LABOR TRUSTEE	1.00	Director	$0	$0	$0
JOHN DELSORDI	LABOR TRUSTEE	1.00	Director	$0	$0	$0
BRUCE GARGANIO	LABOR TRUSTEE/VICE CO-CHAIR	1.00	Director	$0	$0	$0
THOMAS IVESON	LABOR TRUSTEE	1.00	Director	$0	$0	$0
OLAF OLSEN	LABOR TRUSTEE	1.00	Director	$0	$0	$0
JAMIE V SERRITELLA	LABOR TRUSTEE	1.00	Director	$0	$0	$0
ROBERT TARBY	LABOR TRUSTEE	1.00	Director	$0	$0	$0
PETER TONIA	EXECUTIVE FUNDS DIRECTOR	40.00	Officer	$0	$0	$0
NICK DEMATTEO	APPRENTICE TRAINING FUND D	40.00	Officer	$232,877	$117,722	$350,599
THOMAS SOMMERS	TRAINING DIRECTOR	40.00	Highest	$168,354	$89,693	$258,047
KEVIN LEARY	TRAINING DIRECTOR	40.00	Highest	$158,619	$84,278	$242,897
TIMOTHY WARING	INSTRUCTOR	40.00	Highest	$148,552	$87,606	$236,158
PHILIP DIAZ	TRAINING COORDINATOR	40.00	Highest	$148,360	$80,141	$228,501
ROBERT SMITH	INSTRUCTOR	40.00	Highest	$208,250	$74,327	$282,577

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
2022	$11,149,070	$11,504,831	No data	$-355,761
2021	$10,381,249	$10,632,114	$19,860,788	$-250,865
2020	$10,262,183	$10,674,475	$20,447,623	$-412,292
2019	$10,545,247	$11,550,020	$20,765,507	$-1,004,773
2018	$18,923,976	$14,974,733	$21,772,018	$3,949,243

NORTHEAST CARPENTERS APPRENTICE FUND