EMPIRE STATE CARPENTERS APPRENTICE RE CORP (EIN 810557573) - 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

2004

Legal Domicile

Principal Officer

ZIVEN DRAKE

Phone

5087925443

Tax Period

2023-01-01 to 2023-12-31

EMPIRE STATE CARPENTERS APPRENTICE RE CORP, founded in 2004, is a small nonprofit in the Community Improvement sector that reported $185K in total revenue in fiscal year 2023. Revenue fell 74% from the prior year — a significant decline worth monitoring. Expenses of $1.0M exceeded revenue, resulting in a 456% 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.

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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 $184,927

Investment Income $0

Other Revenue $0

TOTAL REVENUE $184,927

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,028,807

TOTAL EXPENSES $1,028,807

Year-over-Year Comparison

	2023	2022	Change
Revenue	$184,927	$706,600	-0.7%
Expenses	$1,028,807	$931,829	+0.1%
Net Income	$-843,880	$-225,229	+2.7%

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

$240,212

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM BANFIELD	PRESIDENT/TRUSTEE	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	$60,410	$240,212
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
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