EMPIRE STATE CARPENTERS APPRENTICE… - Form 990 Financial Data

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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

2004

Legal Domicile

Principal Officer

ZIVEN DRAKE

Phone

5087925443

Tax Period

2025-01-01 to 2025-12-31

EMPIRE STATE CARPENTERS APPRENTICE RE CORP, founded in 2004, is a small nonprofit in the Community Improvement sector that reported $562K in total revenue in fiscal year 2025. Expenses of $841K exceeded revenue, resulting in a 50% operating deficit.

Mission

THE ORGANIZATION HOLDS TITLE TO LAND AND BUILDINGS LOCATED IN VARIOUS LOCATIONS THROUGHOUT THE STATE OF NEW YORK WHICH ARE PRIMARILY OCCUPIED BY RELATED TAX EXEMPT ENTITIES.

Program Service Accomplishments

Program 1

THE ORGANIZATION HOLDS TITLE TO LAND AND BUILDINGS LOCATED IN VARIOUS LOCATIONS THROUGHOUT THE STATE OF NEW YORK WHICH ARE PRIMARILY OCCUPIED BY RELATED TAX EXEMPT ENTITIES.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $561,663

Investment Income $0

Other Revenue $0

TOTAL REVENUE $561,663

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $841,186

TOTAL EXPENSES $841,186

Year-over-Year Comparison

	2025	2024	Change
Revenue	$561,663	$542,116	+0.0%
Expenses	$841,186	$722,243	+0.2%
Net Income	$-279,523	$-180,127	+0.6%

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

Total Directors

$266,331

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM BANFIELD	PRESIDENT/TRUSTEE - THRU 12/2025	1.00	Director	$0	$0	$0
MICHAEL HOLMES	VICE PRESIDENT/TRUSTEE	1.00	Director	$0	$0	$0
ZIVEN DRAKE	TREASURER/TRUSTEE	1.00	Director	$0	$61,852	$266,331
SCOTT SMITH	PRESIDENT/TRUSTEE - EFF 12/2025	1.00	Director	$0	$0	$0
JAMES MASON	CLERK/TRUSTEE	1.00	Director	$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	$561,663	$841,186	$6,500,469	$-279,523
2024	No data	No data	No data	No data
2023	$184,927	$1,028,807	$6,919,478	$-843,880
2022	$706,600	$931,829	$7,744,757	$-225,229
2021	$509,142	$558,532	$7,920,777	$-49,390
2020	$282,702	$632,727	$8,033,648	$-350,025
2019	$352,168	$614,628	$8,339,202	$-262,460
2018	$280,679	$374,782	$10,497,294	$-94,103

EMPIRE STATE CARPENTERS APPRENTICE RE CORP