CHESAPEAKE CONSTRUCTION EDUCATION AND APPRENTICESHIP TRUST

EIN: 270881582 501(c)(3) Education

ANNAPOLIS, MD

Total Revenue
$495,325
Total Expenses
$415,252
Total Assets
$257,800
Net Assets
$239,644
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
MD
Principal Officer
CHRIS GARVEY
Phone
4102670347
Tax Period
2024-07-01 to 2025-06-30

CHESAPEAKE CONSTRUCTION EDUCATION AND APPRENTICESHIP TRUST, founded in 2010, is a small nonprofit in the Education sector that reported $495K in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. The organization ran a surplus of $80K, a strong 16% operating margin.

Mission

THE ORGANIZATION'S MISSION IS TO PROVIDE EDUCATION AND TRAINING, TO ENSURE THAT LOCAL CONSTRUCTION STANDARDS RELATING TO THE QUALITY OF WORK CONFORM WITH ANY APPLICABLE NATIONAL CODES FOR THE CONSTRUCTION INDUSTRY, TO DEVELOP A HIGHER DEGREE OF OCCUPATIONAL EFFICIENCY IN SUCH INDUSTRY, TO IMPROVE THE GRADE OF SUCH INDUSTRY'S SERVICES AND PRODUCTS, AND TO PROMOTE CAREER OPPORTUNITIES IN THE CONSTRUCTION INDUSTRY.

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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 $0
Program Service Revenue $495,071
Investment Income $4
Other Revenue $250
TOTAL REVENUE $495,325

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $373,760
Other Expenses $415,252
TOTAL EXPENSES $415,252

Year-over-Year Comparison

2024 2023 Change
Revenue $495,325 $429,594 +0.2%
Expenses $415,252 $389,366 +0.1%
Net Income $80,073 $40,228 +1.0%
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

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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
8
Independent Members
8
Employees
N/A
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
2
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KELLY ROSENTHAL CHAIRMAN 1.00
Officer Director
$0 $0 $0
JOSHUA AULT TRUSTEE 1.00
Director
$0 $0 $0
CRAIG BROGAN TRUSTEE 1.00
Director
$0 $0 $0
DERECK HALL TRUSTEE 1.00
Director
$0 $0 $0
JEFF FERGUSON TRUSTEE 1.00
Director
$0 $0 $0
ERIK HAJKOWSKI TRUSTEE 1.00
Director
$0 $0 $0
TIM REEDY TRUSTEE 1.00
Director
$0 $0 $0
ELLIE WEBB TRUSTEE 1.00
Director
$0 $0 $0
CHRIS GARVEY PRESIDENT 1.00
Officer
$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
2025 $495,325 $415,252 $257,800 $80,073
2024 $429,594 $389,366 $180,278 $40,228
2023 $395,953 $408,999 $218,742 $-13,046
2022 $389,549 $390,480 $174,094 $-931
2021 $367,415 $377,899 $141,730 $-10,484
2020 $305,096 $357,866 $190,865 $-52,770
2019 $333,485 $341,047 $219,935 $-7,562
2018 $349,810 $326,840 $210,962 $22,970
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