NY HELMETS TO HARDHATS INC

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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

2013

Legal Domicile

Principal Officer

GARY LABARBERA

Phone

2126470700

Tax Period

2023-01-01 to 2023-12-31

NY HELMETS TO HARDHATS INC, founded in 2013, is a small nonprofit in the Public & Societal Benefit sector that reported $880K in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $805K left a modest 9% surplus.

Mission

THE NY HELMETS TO HARDHATS, INC. (ORGANIZATION) IS A NONPROFIT ORGANIZATION WHOSE PURPOSE IS TO CONNECT FORMER MEMBERS OF THE MILITARY WITH SKILLED TRAINING AND QUALITY CAREER OPPORTUNITIES IN THE NEW YORK CONSTRUCTION INDUSTRY.

Program Service Accomplishments

Program 1

Expenses: $434,861

THE PURPOSE OF NY HELMETS TO HARDHATS, INC. IS TO CONNECT FORMER MEMBERS OF THE MILITARY WITH SKILLED TRAINING AND QUALITY CAREER OPPORTUNITIES IN THE NEW YORK 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $879,702

Program Service Revenue $0

Investment Income $264

Other Revenue $0

TOTAL REVENUE $879,966

Expense Breakdown

Grants Paid $0

Salaries & Benefits $563,913

Fundraising Expenses $83,227

Program Expenses $434,861

Other Expenses $241,075

TOTAL EXPENSES $804,988

Year-over-Year Comparison

	2023	2022	Change
Revenue	$879,966	$775,173	+0.1%
Expenses	$804,988	$725,689	+0.1%
Net Income	$74,978	$49,484	+0.5%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GARY LABARBERA	CHAIRMAN	1.00	Officer Director	$0	$0	$0
LENNY LEGOTTE	RECORDING SECRETARY	1.00	Officer Director	$0	$0	$0
ANTHONY SAPORITO	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
EDWIN LOPEZ	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JOHN MURPHY	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
CARLO SCISSURA	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JOHN O'HARE	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
MICHAEL HELLSTROM	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
ELIZABETH CROWLEY	PRESIDENT	1.00	Officer Director	$0	$0	$0
PETER MYERS	FINANCIAL SECRETARY	1.00	Officer Director	$0	$0	$0
EDWIN CHRISTIAN	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JOSEPH GEIGER	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
ROBERT WESSELS	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
ANNE TRENKLE	NYS DIRECTOR	40.00	Highest	$163,160	$24,474	$187,634

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	$879,966	$804,988	$1,862,997	$74,978
2022	$775,173	$725,689	$1,776,722	$49,484
2021	$647,480	$606,547	$1,704,102	$40,933
2020	$555,360	$489,491	$1,715,034	$65,869
2019	$680,979	$447,722	$1,616,055	$233,257
2018	$779,703	$494,246	$1,433,430	$285,457