BOSTON CARPENTERS TRAINING CENTER (EIN 800554873) - 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

2010

Legal Domicile

Principal Officer

ZIVEN DRAKE

Phone

5087925443

Tax Period

2023-01-01 to 2023-12-31

BOSTON CARPENTERS TRAINING CENTER, founded in 2010, is a small nonprofit in the Employment sector that reported $510K in total revenue in fiscal year 2023. Expenses of $824K exceeded revenue, resulting in a 61% operating deficit.

Mission

THE CENTER WAS FORMED TO ACQUIRE, REHABILITATE, OWN, MAINTAIN AND OPERATE COMMERCIAL SPACE FOR RETAIL AND OFFICE LOCATED AT 750 DORCHESTER AVENUE IN BOSTON, MASSACHUSETTS IN ORDER TO DEVELOP UNDERSERVED AREAS BY CREATING QUALIFIED ACTIVE LOW-INCOME COMMUNITY BUSINESS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $510,378

Investment Income $0

Other Revenue $0

TOTAL REVENUE $510,378

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $823,838

Other Expenses $823,838

TOTAL EXPENSES $823,838

Year-over-Year Comparison

	2023	2022	Change
Revenue	$510,378	N/A	N/A
Expenses	$823,838	$290,211	+1.8%
Net Income	$-313,460	$-290,211	+0.1%

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

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

$240,212

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL HOLMES	CHAIRPERSON	1.00	Officer	$0	$0	$0
WILLIAM MAHERIS	PRESIDENT	1.00	Officer	$0	$0	$0
ZIVEN DRAKE	VICE PRESIDENT	1.00	Officer	$0	$60,410	$240,212
JOHN FERRANTE	TREASURER	1.00	Officer	$0	$0	$0
DAVID MINASIAN	CLERK	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
2024	No data	No data	No data	No data
2023	$510,378	$823,838	$7,972,969	$-313,460
2022	No data	$290,211	$8,286,429	No data
2021	No data	$313,461	$8,599,890	No data
2020	No data	$313,540	$8,913,351	No data
2019	No data	$339,031	$9,226,891	No data
2018	$3,316,382	$328,894	$9,565,922	$2,987,488

BOSTON CARPENTERS TRAINING CENTER