Central New York Laborers' Training Fund
Nonprofit profile at a glance
- EIN
- 166279211
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- E Syracuse, NY, USA
- Phone
- 3154349305
- Rating
- 63
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $916,994
- Expenses
- $337,824
- Assets
- $2,852,583
- Liabilities
- $66,465
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
6 people listed
Highest reported compensation
- GABRIEL ROSETTI III (TRUSTEE): $124,791 total reported compensation
- JOSEPH SOLAZZO III (TRUSTEE): $21,320 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To provide training benefits to participants.
What it reported doing in 2024
Training programs for asbestos removal, hazardous materials and other job related classes.
Operating model
- Revenue model
- Earned-program. 87% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - The filed numbers largely add up and most filed governance safeguards are in place. A relatively small share of available resources goes toward mission work and program spending has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 31
- Transparency & Controls: 90
- Accountability: 81
- Sustainability: 79
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 18.8%; rating input score 19
- Program expense ratio: 59.7%; rating input score 60
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 66.7%; rating input score 67; 14th percentile among comparable filings
- Governance controls: 7 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Limited
- Other executive compensation review process: Limited
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 63.2%; rating input score 95; 95th percentile among comparable filings
- Total-asset coverage ratio: 8.44; rating input score 91; 91st percentile among comparable filings
- Liabilities to assets ratio: 0.02; rating input score 61; 61st percentile among comparable filings
- Officer compensation ratio: Limited
Growth
- Program expense growth: -2.6% per year; rating input score 0; 11th percentile among comparable filings
- Revenue growth: 0.9% per year; rating input score 100; 18th percentile among comparable filings
- Asset growth: 6.3% per year; rating input score 100; 44th percentile among comparable filings
Details
- Where the money goes: 18.8% of revenue deployed · 59.7% of spending went to programs
- Governance: 4 of 6 board members independent · 7 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $202K in reported program spending
- Leadership: top reported pay $125K · 6 people listed
- Consistency: 28 of 28 current checks pass
- Schedules: 5 filed schedules
- Filing history: 15 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Related organizations: 5 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Mission deployment rate scored 19/100.
- High — Growth: Program expense growth scored 0/100.