LONG ISLAND SAFETY PPE FUND TRUST (EIN 846958744) - 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

Principal Officer

JAMES GIORGIO SR

Phone

6312919732

Tax Period

2024-01-01 to 2024-12-31

LONG ISLAND SAFETY PPE FUND TRUST, founded in 2019, is a small nonprofit that reported $339K in total revenue in fiscal year 2024. Expenses of $444K exceeded revenue, resulting in a 31% operating deficit.

Mission

TO COLLECT REMITTANCES FROM EMPLOYERS FOR THE PURPOSE OF FURNISHING PROTECTIVE SAFETY EQUIPMENT TO ALL EMPLOYEES WORKING UNDER THE COLLECTIVE BARGAINING AGREEMENT BETWEEN THE LONG ISLAND CHAPTER OF THE NATIONAL ELECTRICAL CONTRACTORS ASSOCIATION AND THE INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS.

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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 $313,386

Investment Income $25,302

Other Revenue $0

TOTAL REVENUE $338,688

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $91,522

TOTAL EXPENSES $444,059

Year-over-Year Comparison

	2024	2023	Change
Revenue	$338,688	$326,558	+0.0%
Expenses	$444,059	$332,062	+0.3%
Net Income	$-105,371	$-5,504	+18.1%

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
KURT FELDMANN	SECRETARY	N/A	Officer	$0	$0	$0
ALFRED J MCATEER	EXECUTIVE DI	N/A	Officer	$0	$0	$0
DANIEL SANCHEZ	TREASURER	N/A	Officer	$0	$0	$0
LAWRENCE SPRING	VICE PRSIDEN	N/A	Officer	$0	$0	$0
JAMES GIORGIO SR	PRESIDENT	N/A	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
2024	$338,688	$444,059	$301,490	$-105,371
2023	$326,558	$332,062	$398,920	$-5,504
2022	$288,460	$430,941	$404,124	$-142,481
2021	$400,902	$448,863	$543,485	$-47,961

LONG ISLAND SAFETY PPE FUND TRUST