Eastern New York Laborers Training Center Inc
Eastern New York Laborers Training Center Inc. shows consistent financial growth and zero executive compensation over a decade.
EIN: 141556545 · Glenmont, NY · NTEE: B30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.7M |
| Total Expenses | $1.8M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $5 |
| Net Assets | $4.4M |
| Transparency Score | 95/100 |
Is Eastern New York Laborers Training Center Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Eastern New York Laborers Training Center Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Eastern New York Laborers Training Center Inc
Eastern New York Laborers Training Center Inc (EIN: 141556545) is a nonprofit organization based in Glenmont, NY, classified under NTEE code B30. The organization reported total revenue of $2.7M and total assets of $5.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Eastern New York Laborers Training Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Eastern New York Laborers Training Center Inc is a mid-size nonprofit that has been operating for 2 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 6.7%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.0M |
| Total Expenses | $1.8M |
| Surplus / Deficit | +$235K |
| Total Assets | $4.5M |
| Total Liabilities | $93K |
| Net Assets | $4.4M |
| Operating Margin | 11.6% |
| Debt-to-Asset Ratio | 2.1% |
| Months of Reserves | 29.9 months |
Financial Health Grade: A
In 2024, Eastern New York Laborers Training Center Inc reported a surplus of $235K with revenue exceeding expenses, holds 29.9 months of operating reserves (strong position), has a debt-to-asset ratio of 2.1% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2024), Eastern New York Laborers Training Center Inc's revenue has grown at a compound annual growth rate (CAGR) of 6.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +19.9% | +8.7% | +4.2% |
| 2023 | +9.9% | +12.4% | -0.2% |
| 2022 | -14.7% | +14.7% | -2.1% |
| 2021 | -18.4% | +4.2% | +10.7% |
| 2020 | +32.7% | -4.5% | +27.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2024 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Eastern New York Laborers Training Center Inc with a Mission Score of 95 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Eastern New York Laborers Training Center Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $235K, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.1%.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that no funds are allocated to officer salaries, which is highly unusual for an organization of this size with nearly $5 million in assets and over $2 million in annual revenue.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Eastern New York Laborers Training Center Inc's IRS 990 filings:
- Lack of detailed program vs. administrative expense breakdown in summary data, though overall financial health is strong.
Strengths
The following positive indicators were identified for Eastern New York Laborers Training Center Inc:
- Consistent financial growth with revenue increasing from $1.19M in 2015 to over $2M in recent years.
- Zero reported officer compensation across all 14 filings, indicating strong mission focus and efficient use of funds.
- Significant asset accumulation, nearly doubling from $2.56M in 2015 to $4.96M currently.
- Substantial reduction in liabilities, from $987,501 in 2015 to $93,381 in 2024, demonstrating excellent financial management.
- Expenses consistently lower than revenue, leading to healthy surpluses and asset growth.
Frequently Asked Questions about Eastern New York Laborers Training Center Inc
Is Eastern New York Laborers Training Center Inc a legitimate charity?
Eastern New York Laborers Training Center Inc (EIN: 141556545) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 95/100. It has 14 years of IRS 990 filings on record. Total revenue: $2.7M. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does Eastern New York Laborers Training Center Inc spend its money?
Eastern New York Laborers Training Center Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Eastern New York Laborers Training Center Inc tax-deductible?
Eastern New York Laborers Training Center Inc is registered as a tax-exempt nonprofit (EIN: 141556545). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Eastern New York Laborers Training Center Inc CEO make?
Eastern New York Laborers Training Center Inc's highest-compensated officer earns $5 annually. The organization reported $2.7M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Eastern New York Laborers Training Center Inc compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Eastern New York Laborers Training Center Inc is above average for NTEE category B30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Eastern New York Laborers Training Center Inc located?
Eastern New York Laborers Training Center Inc is headquartered in Glenmont, New York and files with the IRS under EIN 141556545. It is classified under NTEE code B30.
How many years of IRS 990 filings does Eastern New York Laborers Training Center Inc have?
Eastern New York Laborers Training Center Inc has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $2.7M in total revenue.
How does the organization manage to operate without any reported officer compensation?
The filings consistently show 0% officer compensation, suggesting that leadership roles might be voluntary, compensated through other means not classified as officer compensation on the 990, or that the organization's structure allows for operational management without traditional executive salaries.
What is the primary source of the organization's revenue?
While the summary data doesn't specify, given the NTEE code B30 (Labor Unions/Organizations) and the name 'Laborers Training Center', it's highly probable that revenue comes from training fees, grants, or contributions related to labor union activities and workforce development.
What specific programs does the Eastern New York Laborers Training Center Inc. offer?
Based on its name and NTEE code, the organization likely provides vocational training, skill development, and safety education for laborers in the Eastern New York region, though specific program details are not available in the provided financial summary.
Filing History
IRS 990 filing history for Eastern New York Laborers Training Center Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Eastern New York Laborers Training Center Inc's revenue has grown by 132.8%, moving from $874K to $2.0M. Total assets increased by 54.1% over the same period, from $2.9M to $4.5M. Total functional expenses rose by 87.3%, from $960K to $1.8M. In its most recent filing year (2024), Eastern New York Laborers Training Center Inc reported a surplus of $235K, with revenue exceeding expenses. The organization holds $93K in liabilities against $4.5M in assets (debt-to-asset ratio: 2.1%), resulting in net assets of $4.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $2.0M | $1.8M | $4.5M | $93K | — | View 990 |
| 2023 | $1.7M | $1.7M | $4.3M | $146K | — | View 990 |
| 2022 | $1.5M | $1.5M | $4.3M | $196K | — | View 990 |
| 2021 | $1.8M | $1.3M | $4.4M | $360K | — | — |
| 2020 | $2.2M | $1.2M | $4.0M | $457K | — | View 990 |
| 2019 | $1.7M | $1.3M | $3.1M | $588K | — | View 990 |
| 2018 | $1.6M | $1.2M | $2.8M | $679K | — | View 990 |
| 2017 | $1.3M | $1.2M | $2.4M | $738K | — | View 990 |
| 2016 | $1.2M | $1.2M | $2.5M | $874K | — | View 990 |
| 2015 | $1.2M | $1.2M | $2.6M | $988K | — | View 990 |
| 2014 | $1.1M | $1.1M | $2.6M | $1.0M | — | View 990 |
| 2013 | $1.0M | $1.1M | $2.6M | $1.0M | — | View 990 |
| 2012 | $1.0M | $1.1M | $2.8M | $1.1M | — | View 990 |
| 2011 | $874K | $960K | $2.9M | $1.2M | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $2.0M, expenses of $1.8M, and assets of $4.5M (revenue +19.9% year-over-year).
- 2023: Revenue of $1.7M, expenses of $1.7M, and assets of $4.3M (revenue +9.9% year-over-year).
- 2022: Revenue of $1.5M, expenses of $1.5M, and assets of $4.3M (revenue -14.7% year-over-year).
- 2021: Revenue of $1.8M, expenses of $1.3M, and assets of $4.4M (revenue -18.4% year-over-year).
- 2020: Revenue of $2.2M, expenses of $1.2M, and assets of $4.0M (revenue +32.7% year-over-year).
- 2019: Revenue of $1.7M, expenses of $1.3M, and assets of $3.1M (revenue +3.3% year-over-year).
- 2018: Revenue of $1.6M, expenses of $1.2M, and assets of $2.8M (revenue +25.5% year-over-year).
- 2017: Revenue of $1.3M, expenses of $1.2M, and assets of $2.4M (revenue +8.7% year-over-year).
- 2016: Revenue of $1.2M, expenses of $1.2M, and assets of $2.5M (revenue -0.5% year-over-year).
- 2015: Revenue of $1.2M, expenses of $1.2M, and assets of $2.6M (revenue +9.8% year-over-year).
- 2014: Revenue of $1.1M, expenses of $1.1M, and assets of $2.6M (revenue +6.6% year-over-year).
- 2013: Revenue of $1.0M, expenses of $1.1M, and assets of $2.6M (revenue -2.9% year-over-year).
- 2012: Revenue of $1.0M, expenses of $1.1M, and assets of $2.8M (revenue +20.1% year-over-year).
- 2011: Revenue of $874K, expenses of $960K, and assets of $2.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Eastern New York Laborers Training Center Inc:
Data Sources and Methodology
This transparency report for Eastern New York Laborers Training Center Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.