Multi-Craft Apprenticeship Preparation Program Inc (EIN 854268643) - 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

2020

Legal Domicile

Principal Officer

Gerry Hunt

Phone

5854342004

Tax Period

2023-01-01 to 2023-12-31

Multi-Craft Apprenticeship Preparation Program Inc, founded in 2020, is a small nonprofit that reported $779K in total revenue in fiscal year 2023. Revenue fell 64% from the prior year — a significant decline worth monitoring. Expenses of $1.2M exceeded revenue, resulting in a 48% operating deficit.

Mission

Provide an introduction into a building and construction trade career.

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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 $726,929

Program Service Revenue $0

Investment Income $264

Other Revenue $52,127

TOTAL REVENUE $779,320

Expense Breakdown

Grants Paid $0

Salaries & Benefits $306,014

Fundraising Expenses $0

Program Expenses $929,251

Other Expenses $844,060

TOTAL EXPENSES $1,150,074

Year-over-Year Comparison

	2023	2022	Change
Revenue	$779,320	$2,180,915	-0.6%
Expenses	$1,150,074	$1,099,799	+0.0%
Net Income	$-370,754	$1,081,116	-1.3%

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

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

$232,532

Total Directors

$232,532

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Gregory Hopkins	President	5.00	Officer Director	$0	$0	$0
Kereem Barry	Vice President/Exective Director	40.00	Officer Director	$120,971	$0	$120,971
Gerry Hunt	Treasurer/Secretary	40.00	Officer Director	$111,561	$0	$111,561
Debbie Lee	Board Member	5.00	Director	$0	$0	$0
Dave Young	Board Member	5.00	Director	$0	$0	$0
Jahkeen Hoke	Board Member	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
2024	No data	No data	No data	No data
2023	$779,320	$1,150,074	$1,108,018	$-370,754
2023	$518,365	$997,370	$1,187,102	$-479,005
2022	$2,180,915	$1,099,799	$1,368,933	$1,081,116
2021	$599,585	$403,899	$224,808	$195,686

Multi-Craft Apprenticeship Preparation Program Inc