HAWTHORNE, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)LOCAL 60-CIC-BAC-LM TRUST, founded in 2012, is a small nonprofit in the Employment sector that reported $978K in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $886K, a strong 91% operating margin.
THE FUND MAY PROVIDE ANY BENEFIT THAT IS PERMISSIBLE UNDER THE APPLICABLE PROVISIONS OF THE CODE, INCLUDING, BUT NOT LIMITED TO IMPROVING COMMUNICATIONS BETWEEN THE UNION AND EMPLOYERS. IT IDENTIFIES AND EXPANDS WORK OPPORTUNITIES FOR CONSTRUCTION WORKERS AND EMPLOYERS AND PROMOTES EFFICIENCY IN OPERATIONS AND THE ECONOMIC COMPETITIVENESS OF THE UNION AND THE EMPLOYERS IN THE TERRITORIAL JURISDICTION OF THE UNION. IT ALSO PROMOTES THE HEALTH AND SAFETY OF CONSTRUCTION WORKERS EMPLOYED BY EMPLOYERS AND OF THEIR FAMILIES AND CONDUCTS RESEARCH, PERFORMS STUDIES, COLLECTS INFORMATION, DEVELOPS PROCEDURES AND OTHERWISE ACTS TO MINIMIZE THE HAZARDS IN THE WORKPLACE OF CONSTRUCTION WORKERS EMPLOYED BY EMPLOYERS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $977,983 | $864,560 | +0.1% |
| Expenses | $91,732 | $73,359 | +0.3% |
| Net Income | $886,251 | $791,201 | +0.1% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| ANTHONY ASCENCAO | UNION TRUSTEE | 0.50 |
Director
|
$0 | $180,576 | $490,240 |
| CARLOS ASCENCAO | ALTERNATE UNION TRUSTEEE | 0.50 |
Director
|
$0 | $0 | $0 |
| GEORGE PACCHIANA | EMPLOYER TRUSTEE | 0.50 |
Director
|
$0 | $0 | $0 |
| JACINTO FRAGOSO | UNION TRUSTEE | 0.50 |
Director
|
$0 | $121,167 | $311,233 |
| JOHN T COONEY JR | EMPLOYER TRUSTEE | 0.50 |
Director
|
$0 | $0 | $0 |
| MICHAEL MOREIRA | UNION TRUSTEE | 0.50 |
Director
|
$0 | $121,167 | $311,226 |
| ROSS PEPE | FORMER EMPLOYER TRUSTEE | 0.50 |
Director
|
$0 | $0 | $0 |
| ANDREW FERRARO | TRAINING INSTRUCTOR | 0.00 |
Highest
|
$0 | $57,677 | $211,669 |
| CARLOS GONZALEZ | TRAINING INSTRUCTOR | 0.00 |
Highest
|
$0 | $57,840 | $217,469 |
| CHRISTINE COSTA | ADMINISTRATOR | 0.50 |
Highest
|
$0 | $53,810 | $224,354 |
| FRANK BISIGNANO | TRAINING DIRECTOR | 0.00 |
Highest
|
$0 | $146,087 | $388,795 |
| MICHAEL CRUZ | EAP DIRECTOR | 0.00 |
Highest
|
$0 | $53,810 | $181,280 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $977,983 | $91,732 | $6,086,439 | $886,251 |
| 2023 | $864,560 | $73,359 | $5,205,651 | $791,201 |
| 2022 | $817,950 | $78,196 | $4,418,094 | $739,754 |
| 2021 | $757,710 | $31,238 | $3,668,132 | $726,472 |
| 2020 | $765,655 | $36,732 | $2,942,918 | $728,923 |
| 2019 | $990,912 | $37,461 | $2,212,236 | $953,451 |
| 2018 | $825,527 | $50,179 | $1,260,494 | $775,348 |
Compare LOCAL 60-CIC-BAC-LM TRUST with other nonprofits in New York and across the country.