EASTERN ATLANTIC STATES REGIONAL COUNCIL OF CARPENTERS (EIN 250849687) - 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

2002

Legal Domicile

Principal Officer

WILLIAM SPROULE

Phone

4129226205

Tax Period

2024-07-01 to 2025-06-30

EASTERN ATLANTIC STATES REGIONAL COUNCIL OF CARPENTERS, founded in 2002, is a major nonprofit that reported $137.2M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $36.8M, a strong 27% operating margin.

Mission

LABOR UNION MAINTAINING AND IMPROVING THE BENEFIT AND WORKING CONDITIONS OF MEMBERS ENGAGED IN THE CARPENTRY TRADE.

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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 $0

Program Service Revenue $106,956,731

Investment Income $25,567,010

Other Revenue $4,704,107

TOTAL REVENUE $137,227,848

Expense Breakdown

Grants Paid $3,754,348

Salaries & Benefits $40,211,648

Fundraising Expenses $0

Other Expenses $56,474,274

TOTAL EXPENSES $100,440,270

Year-over-Year Comparison

	2024	2023	Change
Revenue	$137,227,848	$124,110,970	+0.1%
Expenses	$100,440,270	$94,627,057	+0.1%
Net Income	$36,787,578	$29,483,913	+0.2%

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

N/A

Employees

203

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

$1,186,302

Total Directors

$2,190,728

Key Employees

$3,928,521

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM SPROULE	EXEC SECRETA	60.00	Officer	$411,433	$0	$411,433
RAYMOND BRUGUERAS III	EXEC COMM/CH	60.00	Director	$318,250	$0	$318,250
ANTHONY ABRANTES	ASST EXEC SE	60.00	Officer	$281,974	$0	$281,974
BRUCE GARGANIO	EXEC COMMITT	50.00	Director	$245,012	$0	$245,012
JOHN DEL SORDI	EXEC COMMITT	50.00	Director	$236,733	$0	$236,733
PAUL SIMPSON	PRESIDENT	50.00	Officer	$221,553	$0	$221,553
JAMES HOCKER	EXEC COMMITT	50.00	Director	$220,722	$0	$220,722
ROBERT TARBY	DIR OF TRADE	50.00	Highest	$211,412	$0	$211,412
RONALD MEISCHKER	INDUSTRY LAB	50.00	Highest	$184,501	$0	$184,501
FRANK SPEZIALI	DIR OF OPERA	50.00	Highest	$184,350	$0	$184,350
KEVIN MORROW	SR COUNCIL R	50.00	Key Emp	$184,141	$0	$184,141
SEAN FOLEY	SR COUNCIL R	50.00	Key Emp	$178,474	$0	$178,474
DARREN BONASS	SR COUNCIL R	50.00	Key Emp	$178,426	$0	$178,426
OLAF OLSEN	REGIONAL MAN	50.00	Key Emp	$177,326	$0	$177,326
FRANK KOCH JR	EXEC COMMITT	50.00	Director	$175,585	$0	$175,585
MICHAEL MORROW	SR COUNCIL R	50.00	Key Emp	$175,109	$0	$175,109
JONATHAN YOUNG	POLITICAL DI	50.00	Highest	$174,474	$0	$174,474
STEPHEN SCHAEFER	COUNCIL REP	50.00	Highest	$172,099	$0	$172,099
JOHN REAPE	COUNCIL REP	50.00	Key Emp	$171,934	$0	$171,934
THOMAS IVESON	SR COUNCIL R	50.00	Key Emp	$169,048	$0	$169,048
JAMIE VINCENT SERRITELLA	EXEC COMMITT	50.00	Director	$168,688	$0	$168,688
JOHN ROBINSON JR	TRUSTEE	50.00	Director	$166,148	$0	$166,148
JOHN HAGAMAN	SR COUNCIL R	50.00	Key Emp	$166,004	$0	$166,004
MICHAEL CAMPBELL	SR COUNCIL R	50.00	Key Emp	$165,929	$0	$165,929
ERNEST SCIULI	CFO	50.00	Key Emp	$165,820	$0	$165,820
ANDREW BULAKOWSKI	SR COUNCIL R	50.00	Key Emp	$165,734	$0	$165,734
JOSEPH LOCKLEY	SR COUNCIL R	50.00	Key Emp	$163,817	$0	$163,817
STEVEN STOKES	SR COUNCIL R	50.00	Key Emp	$160,811	$0	$160,811
MICHAEL TAPKEN	OPERATIONS	50.00	Key Emp	$160,279	$0	$160,279
EDWARD CORYELL JR	COUNCIL REP	50.00	Key Emp	$158,219	$0	$158,219
CHARLES DEANGELO	COUNCIL REP	50.00	Key Emp	$158,075	$0	$158,075
JASON FRIEDMAN	SR COUNCIL R	50.00	Key Emp	$156,241	$0	$156,241
ANTONIO GODINHO	COUNCIL REP	50.00	Key Emp	$155,520	$0	$155,520
PAOLO BELARDO	COUNCIL REP	50.00	Key Emp	$154,735	$0	$154,735
KURT PECHMANN	SR COUNCIL R	50.00	Key Emp	$153,823	$0	$153,823
ANIBAL BIRRIEL	COUNCIL REP	50.00	Key Emp	$153,665	$0	$153,665
MICHAEL PIERCE	COUNCIL REP	50.00	Key Emp	$152,361	$0	$152,361
JESSE STACY II	COUNCIL REP	50.00	Key Emp	$152,172	$0	$152,172
CICERO MAZZA	COUNCIL REP	50.00	Key Emp	$150,858	$0	$150,858
JOEL NIECGORSKI	TRUSTEE	50.00	Director	$139,841	$0	$139,841
KENNETH UMBEL	EXEC COMMITT	50.00	Director	$137,365	$0	$137,365
BRIAN LAYTON	CONDUCTOR	50.00	Officer	$134,855	$0	$134,855
MICHAEL JENKINS	EXEC COMMITT	50.00	Director	$134,043	$0	$134,043
RAUL CASTRO-RAMIREZ	EXEC COMMITT	50.00		$133,457	$0	$133,457
WADE BAUMGARTNER	VICE PRESIDE	50.00	Officer	$131,181	$0	$131,181
RICHARD FOLEY	TRUSTEE	50.00	Director	$128,262	$0	$128,262
MICHAEL CONNOR	EXEC COMMITT	50.00	Director	$120,079	$0	$120,079
COREY PAGE	WARDEN	1.00	Officer	$5,306	$0	$5,306

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	$137,227,848	$100,440,270	$480,745,825	$36,787,578
2024	$124,110,970	$94,627,057	$439,629,882	$29,483,913
2023	$111,030,577	$93,595,719	$396,514,228	$17,434,858
2022	$100,285,899	$79,507,631	$360,875,783	$20,778,268
2021	$90,731,783	$70,714,633	$372,213,236	$20,017,150
2019	$93,832,031	$79,220,904	$306,796,995	$14,611,127

EASTERN ATLANTIC STATES REGIONAL COUNCIL OF CARPENTERS