INTERNATIONAL MASONRY TRAINING AND EDUCATION FOUNDATION

EIN: 271494284 501(c)(3) Education

BOWIE, MD

Total Revenue
$24,266,586
Total Expenses
$25,039,367
Total Assets
$45,708,971
Net Assets
$36,734,349
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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
2009
Legal Domicile
DC
Principal Officer
CARYN A HALIFAX
Phone
3012912105
Tax Period
2024-01-01 to 2024-12-31

INTERNATIONAL MASONRY TRAINING AND EDUCATION FOUNDATION, founded in 2009, is a mid-sized nonprofit in the Education sector that reported $24.3M in total revenue in fiscal year 2024.

Mission

TO SUPPORT TRAINING AND EDUCATION PROGRAMS FOR THE MASONRY 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 $23,467,996
Investment Income $733,273
Other Revenue $65,317
TOTAL REVENUE $24,266,586

Expense Breakdown

Grants Paid $0
Salaries & Benefits $16,729,717
Fundraising Expenses $0
Program Expenses $25,039,367
Other Expenses $8,309,650
TOTAL EXPENSES $25,039,367

Year-over-Year Comparison

2024 2023 Change
Revenue $24,266,586 $24,593,795 0.0%
Expenses $25,039,367 $24,747,620 +0.0%
Net Income $-772,781 $-153,825 +4.0%
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

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
8
Independent Members
8
Employees
174
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
$506,667
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KEITH HOCEVAR TRUSTEE 1.00
Director
$0 $0 $0
DANIEL KWIATKOWSKI TRUSTEE 1.00
Director
$0 $0 $0
TIM DRISCOLL CO-CHAIR 1.00
Director
$0 $0 $0
ROBERT HOOVER TRUSTEE 1.00
Director
$0 $0 $0
CHARLES RASO TRUSTEE 1.00
Director
$0 $0 $0
JEREMIAH SULLIVAN JR TRUSTEE 1.00
Director
$0 $0 $0
MICHAEL SCHMERBECK CO-CHAIR 1.00
Director
$0 $0 $0
JOHN TRENDELL DIRECTOR 1.00
Director
$0 $0 $0
GREG HESS FORMER TRUSTEE 1.00
Director
$0 $0 $0
CARYN HALIFAX PRESIDENT 1.00
Officer
$0 $198,296 $506,667
ANTHONY DIPERNA NATIONAL DIRECTOR A&T 40.00
Highest
$276,052 $151,311 $427,363
DAVID WYSOCKI REGIONAL TRAINING DIRECTOR 40.00
Highest
$170,677 $105,068 $275,745
KEVIN BOBO DIRECTOR OF PROGRAM OPERAT 40.00
Highest
$154,952 $98,100 $253,052
JONATHAN HOLSGROVE REGIONAL TRAINING DIRECTOR 40.00
Highest
$162,439 $98,166 $260,605
JOSE ORTIZ REGIONAL TRAINING DIRECTOR 40.00
Highest
$144,274 $93,302 $237,576
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 No data No data No data No data
2024 $24,266,586 $25,039,367 $45,708,971 $-772,781
2023 $24,593,795 $24,747,620 $47,788,828 $-153,825
2022 $23,163,910 $24,520,172 $48,896,770 $-1,356,262
2021 $23,973,687 $21,565,298 $50,955,407 $2,408,389
2020 $21,563,901 $20,174,048 $51,510,567 $1,389,853
2019 $25,459,823 $24,488,064 $49,502,402 $971,759
2018 $23,879,519 $22,649,633 $48,864,381 $1,229,886
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