MERIT ALLIANCE CONSTRUCTION TRAINING INSTITUTE INC (EIN 834289788) - 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

2019

Legal Domicile

Phone

3158630383

Tax Period

2024-07-01 to 2025-06-30

MERIT ALLIANCE CONSTRUCTION TRAINING INSTITUTE INC, founded in 2019, is a small nonprofit that reported $131K in total revenue in fiscal year 2024.

Mission

THE PURPOSE IS TO OFFER QUALITY MERIT FIRMS WORKING IN NY AND NJ, THE OPPORTUNITY TO PARTICIPATE IN NYSDOL REGISTERED APPRENTICESHIP TRAINING IN CARPENTRY, OPERATING ENGINEER, SKILLED LABORER, IRONWORKER, AND CEMENT FINISHER/MASON TRADES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $131,200

Investment Income $0

Other Revenue $0

TOTAL REVENUE $131,200

Expense Breakdown

Grants Paid $0

Salaries & Benefits $53,033

Fundraising Expenses $0

Program Expenses $111,963

Other Expenses $77,775

TOTAL EXPENSES $130,808

Year-over-Year Comparison

	2024	2023	Change
Revenue	$131,200	$123,699	+0.1%
Expenses	$130,808	$148,732	-0.1%
Net Income	$392	$-25,033	-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

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
BOB TERRY	Trustee	1.00	Director	$0	$0	$0
PENELOPE HAZER	President	1.00	Officer	$0	$0	$0
BRIAN RENNA	Chairman	1.00	Officer	$0	$0	$0
CHRIS MEYER	PAST CHAIR	1.00	Officer	$0	$0	$0
DAVE LASPADA	Secretary	1.00	Officer	$0	$0	$0
BOB CHERRY	Treasurer	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
2025	$131,200	$130,808	$111,021	$392
2024	$123,699	$148,732	$127,143	$-25,033
2023	$140,488	$148,535	$129,691	$-8,047
2022	$227,421	$208,056	$146,036	$19,365

MERIT ALLIANCE CONSTRUCTION TRAINING INSTITUTE INC