FOUNDATION FOR TRADES INC (EIN 824053335) - 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

2018

Legal Domicile

Principal Officer

JOSEPH J MASSANOVA

Phone

6092208528

Tax Period

2023-01-01 to 2023-12-31

FOUNDATION FOR TRADES INC, founded in 2018, is a micro nonprofit in the Education sector that reported $3K in total revenue in fiscal year 2023. Revenue fell 23% from the prior year — a significant decline worth monitoring. Net assets of $7K represent 25 months of operating reserves.

Mission

FOUNDATION FOR TRADES, INC.'S MISSION IS TO INCREASE OPPORTUNITIES FOR INDIVIDUALS TO BECOME SELF-SUFFICIENT BY LEARNING BUILDING TRADES. OUR GOAL IS TO ENCOURAGE UNDEREMPLOYED PERSONS SEEKING STRONG WORK SKILL SETS IN GENERAL CONSTRUCTION, CARPENTRY, PLUMBING, ELECTRICAL AND OTHER TECHNICAL TRADES THAT ARE IN HIGH DEMAND.

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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 $3,286

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $3,286

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,514

Other Expenses $3,394

TOTAL EXPENSES $3,394

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,286	$4,291	-0.2%
Expenses	$3,394	$1,420	+1.4%
Net Income	$-108	$2,871	-1.0%

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

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
JOSEPH J MASSANOVA	PRESIDENT/DI	5.00	Officer Director	$0	$0	$0
JOHN HIGGINS	TREASURER/DI	5.00	Officer Director	$0	$0	$0
MICHAEL MOSS	SECRETARY/DI	5.00	Officer Director	$0	$0	$0
REBECCA MICHIELLI	DIR OF BOOKK	5.00	Director	$0	$0	$0
KATHRYN LENNOX	DIR OF EDUCA	5.00	Director	$0	$0	$0
CAROLINE HAUBRICH	DIR TECH/JOB	5.00	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
2023	$3,286	$3,394	$6,770	$-108
2022	$4,291	$1,420	$6,878	$2,871
2021	$3,456	$2,951	$8,930	$505
2020	$4,619	$3,202	$8,004	$1,417
2019	$3,546	$4,530	$5,277	$-984
2018	$8,389	$5,320	$3,069	$3,069

FOUNDATION FOR TRADES INC