National Flooring Contractors Apprenticeship Program Inc (EIN 845127230) - 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

2023

Legal Domicile

Principal Officer

Carlos Mongalo

Phone

3059722232

Tax Period

2023-01-01 to 2023-12-31

National Flooring Contractors Apprenticeship Program Inc, founded in 2023, is a small nonprofit in the Education sector that reported $230K in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $261K exceeded revenue, resulting in a 13% operating deficit.

Mission

National Flooring Contractors Apprentice Program Inc is an organization dedicated in providing the opportunity to apprentices who are interested in starting a career in the the flooring industry with the roadmap on getting the right training, job placement, and when completing the program, the apprentice will have the opportunity to start their own flooring company.

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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 $230,402

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $230,402

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,500

Fundraising Expenses $0

Program Expenses $110,643

Other Expenses $259,377

TOTAL EXPENSES $260,877

Year-over-Year Comparison

	2023	2022	Change
Revenue	$230,402	$203,850	+0.1%
Expenses	$260,877	$194,985	+0.3%
Net Income	$-30,475	$8,865	-4.4%

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

N/A

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Carlos Mongalo	Director	40.00	Director	$0	$0	$0
Edward Raymond	General Counsel	1.00	Officer	$0	$0	$0
Jose Avila	Board Member	40.00	Officer	$0	$0	$0
Joel Adjei	Board Member	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
2023	$230,402	$260,877	$40,909	$-30,475
2022	$203,850	$194,985	$81,276	$8,865

National Flooring Contractors Apprenticeship Program Inc