Civic Intelligence

Worcester Joint Apprenticeship & Training Fund

990 • Fiscal year 2021 • EIN 23-7042423

Jul 01, 2020 to Jun 30, 2021 • Filed on May 09, 2022

242 Mill StreetWorcester, MA 01602

(508) 753-8635

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

58th percentile

0.00x

Higher debt load relative to assets than 58% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

58th percentile

0.00x

Higher debt load relative to revenue than 58% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

86th percentile

50%

Higher net margin than 86% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

85th percentile

68%

Faster asset growth than 85% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

75th percentile

49%

Faster revenue growth than 75% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Up

$332,735

Up $134,275 (+68%) from 2020

Net Assets

Up

$332,480

Up $143,487 (+76%) from 2020

Liabilities

Down

$255

Down $9,212 (-97%) from 2020

Revenue

Up

$289,095

Up $94,497 (+49%) from 2020

Expenses

Down

$145,608

Down $60,698 (-29%) from 2020

Net Income

Up

$143,487

Up $155,195 (+1326%) from 2020

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.0M$500K$0Assets 2011: $139,807Liabilities 2011: $6,102Net Assets 2011: $133,7052011Assets 2012: $211,473Liabilities 2012: $550Net Assets 2012: $210,9232012Assets 2013: $222,053Liabilities 2013: $448Net Assets 2013: $221,6052013Assets 2014: $217,461Liabilities 2014: $796Net Assets 2014: $216,6652014Assets 2015: $183,649Liabilities 2015: $876Net Assets 2015: $182,7732015Assets 2016: $195,828Liabilities 2016: $1,440Net Assets 2016: $194,3882016Assets 2017: $305,234Liabilities 2017: $1,107Net Assets 2017: $304,1272017Assets 2018: $270,523Liabilities 2018: $1,349Net Assets 2018: $269,1742018Assets 2019: $201,390Liabilities 2019: $689Net Assets 2019: $200,7012019Assets 2020: $198,460Liabilities 2020: $9,467Net Assets 2020: $188,9932020Assets 2021: $332,735Liabilities 2021: $255Net Assets 2021: $332,4802021Assets 2022: $449,740Liabilities 2022: $2,726Net Assets 2022: $447,0142022Assets 2023: $612,410Liabilities 2023: $6,615Net Assets 2023: $605,7952023Assets 2024: $838,365Liabilities 2024: $3,316Net Assets 2024: $835,0492024

Highlighted filing

2021

Assets$332,735
Liabilities$255
Net Assets$332,480

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200KRevenue 2011: $168,102Expenses 2011: $262,005Net Income 2011: -$93,9032011Expenses 2012: $139,8822012Revenue 2013: $154,590Expenses 2013: $143,908Net Income 2013: $10,6822013Revenue 2014: $143,827Expenses 2014: $148,767Net Income 2014: -$4,9402014Revenue 2015: $149,628Expenses 2015: $183,520Net Income 2015: -$33,8922015Revenue 2016: $195,957Expenses 2016: $184,342Net Income 2016: $11,6152016Revenue 2017: $293,454Expenses 2017: $183,715Net Income 2017: $109,7392017Revenue 2018: $189,995Expenses 2018: $224,948Net Income 2018: -$34,9532018Revenue 2019: $165,266Expenses 2019: $233,739Net Income 2019: -$68,4732019Revenue 2020: $194,598Expenses 2020: $206,306Net Income 2020: -$11,7082020Revenue 2021: $289,095Expenses 2021: $145,608Net Income 2021: $143,4872021Revenue 2022: $351,333Expenses 2022: $236,799Net Income 2022: $114,5342022Revenue 2023: $424,012Expenses 2023: $265,231Net Income 2023: $158,7812023Revenue 2024: $515,166Expenses 2024: $285,912Net Income 2024: $229,2542024

Highlighted filing

2021

Revenue$289,095
Expenses$145,608
Net Income$143,487
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
May 9, 2022
Return Version
2020v4.2
Gross Receipts
$289,095
Mission and Program Overview

Mission

To provide apprenticeship training courses and ongoing professional education and safety training for members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$196,375$332,165▲ $135,790
Land, Buildings, and Equipment, Net$2,085$570▼ $1,515
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$198,460$332,735▲ $134,275
Liabilities
Accounts Payable and Accrued Expenses$9,467$255▼ $9,212
Total Liabilities$9,467$255▼ $9,212
Net Assets / Fund Balance
Total Net Assets Fund Balance$188,993$332,480▲ $143,487
Total Liabilities and Net Assets / Fund Balance$198,460$332,735▲ $134,275

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$570$39,557$40,127
Compensation and Service Providers

Board Members and Trustees

NameTitle
Thomas MaloneyChairman
Brian MenardTrustee
David MartinelliTrustee
Jeffrey LasseyTrustee
Peter Liddy IiTrustee
Joseph MessierTrustee (p)
Samuel OstrowSec/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$284,175
Investment Income
$1,957
Other Revenue
$2,963
Change in Net Assets
$143,487

Audited Revenue Reconciliation

Revenue per Audited Statements
$289,095
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-200
Total Revenue per Audited Statements
$288,895
Total Revenue per Form 990
$289,095
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$135,056
Salaries, Compensation, and Employee Benefits$966
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management-$121,178-$121,178
Benefits to Members$9,586--$9,586
Insurance-$5,282-$5,282
Fees for Services Accounting-$4,396-$4,396
Office Expenses$1,757--$1,757
Depreciation Depletion$1,515--$1,515
Other Salaries and Wages$886--$886
Advertising-$554-$554
Fees for Services Legal-$271-$271
Occupancy$100--$100
Payroll Taxes$65--$65
Pension Plan Contributions$15--$15
Interest$3--$3
Total Functional Expenses$13,927$131,681$0$145,608

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$145,608
Total Expenses per Form 990$145,608
Total Expenses per Audited Statements$145,408
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$-200
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 7A

The organization's governing body is appointed by the employer and union members.

Form 990, Part VI, Section A, Line 8B

There are no committees with authority to act on behalf of the governing body.

Form 990, Part VI, Section B, Line 11B

Line 11b explanation - form 990 was provided to the organization's governing body via paper copy or email. The form 990 was reviewed by the trustee signing the return and administrator prior to filing.

Form 990, Part VI, Section C, Line 19

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Worcester Joint Apprenticeship
EIN
23-7042423
Phone
5087538635
Address
242 MILL STREET, WORCESTER, MA 01602

Signing Officer

Name
Thomas J Maloney
Title
Chairman
Phone
5087538635
Signed
2022-05-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Thomas J Maloney
Formed
1969
Legal Domicile
Ma
Voting Board Members
6
Independent Board Members
0
Employees
5
Volunteers
0

Preparer

Firm
Novak Francella LLC
Address
40 MONUMENT RD 5TH FLR, BALA CYNWYD, PA 19004
Preparer
Louis Verzella CPA
Phone
6106689400
Supplemental Narrative

Additional Explanations

FORM 990. PART XII, LINE 1:

The organization's financial statements were prepared using the modified cash basis.

FORM 990. PART XII, LINE 2C:

The worcester joint apprenticeship & training fund's board of trustees are responsible for the oversight of the financial statement audit and selection of an independent accountant.

Financial Statement Notes

PART X, LINE 2:

The modified cash basis of accounting requires plan management to evaluate tax positions taken by the plan and recognize a tax liability (or asset) if it has taken an uncertain position that more likely than not would not be sustained upon examination by the irs. The plan is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Sales merchandise purchases -200.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Sales merchandise purchases -200.

Raw XML Appendix386 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE MODIFIED CASH BASIS OF ACCOUNTING REQUIRES PLAN MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE PLAN AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF IT HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS. THE PLAN IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1SALES MERCHANDISE PURCHASES -200.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2SALES MERCHANDISE PURCHASES -200.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0570
IRS990ScheduleD/TotalExpensesPerForm990Amt0145608
IRS990ScheduleD/TotalRevenuePerForm990Amt0289095
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0288895
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0145408
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd00
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0APPRENTICE APPLICATION MATERIALS PROVIDE THAT THE FUND DOES NOT DISCRIMINATE.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION'S GOVERNING BODY IS APPOINTED BY THE EMPLOYER AND UNION MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2LINE 11B EXPLANATION - FORM 990 WAS PROVIDED TO THE ORGANIZATION'S GOVERNING BODY VIA PAPER COPY OR EMAIL. THE FORM 990 WAS REVIEWED BY THE TRUSTEE SIGNING THE RETURN AND ADMINISTRATOR PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO DOCUMENTS AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION'S FINANCIAL STATEMENTS WERE PREPARED USING THE MODIFIED CASH BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE WORCESTER JOINT APPRENTICESHIP & TRAINING FUND'S BOARD OF TRUSTEES ARE RESPONSIBLE FOR THE OVERSIGHT OF THE FINANCIAL STATEMENT AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990. PART XII, LINE 1:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990. PART XII, LINE 2C:
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0198460
IRS990/TotalAssetsEOYAmt0332735
IRS990/TotalAssetsGrp/BOYAmt0198460
IRS990/TotalAssetsGrp/EOYAmt0332735
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt05
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0131681
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt013927
IRS990/TotalFunctionalExpensesGrp/TotalAmt0145608
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt09467
IRS990/TotalLiabilitiesEOYAmt0255
IRS990/TotalLiabilitiesGrp/BOYAmt09467
IRS990/TotalLiabilitiesGrp/EOYAmt0255
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0188993
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0332480
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt013927
IRS990/TotalProgramServiceRevenueAmt0284175
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0261
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0288834
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0289095
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0198460
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0332735
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0242 MILL STREET
IRS990/USAddress/CityNm0WORCESTER
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd001602
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0THOMAS J MALONEY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum05087538635
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-05-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0WORCESTER JOINT APPRENTICESHIP
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0& TRAINING FUND
ReturnHeader/Filer/BusinessNameControlTxt0WORC
ReturnHeader/Filer/EIN0237042423
ReturnHeader/Filer/PhoneNum05087538635
ReturnHeader/Filer/USAddress/AddressLine1Txt0242 MILL STREET
ReturnHeader/Filer/USAddress/CityNm0WORCESTER
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd001602
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0611436956
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0NOVAK FRANCELLA LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt040 MONUMENT RD 5TH FLR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BALA CYNWYD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd019004
ReturnHeader/PreparerPersonGrp/PhoneNum06106689400
ReturnHeader/PreparerPersonGrp/PreparationDt02022-05-09
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LOUIS VERZELLA CPA
ReturnHeader/ReturnTs02022-05-09T10:19:44-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0THOMAS
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0MALONEY
ReturnHeader/TaxPeriodBeginDt02020-07-01
ReturnHeader/TaxPeriodEndDt02021-06-30
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$8.38$0.03$8.35$5.15$2.86$2.29
2023Detailed filing. Detailed filing data is available for this year.$6.12$0.07$6.06$4.24$2.65$1.59
2022Detailed filing. Detailed filing data is available for this year.$4.50$0.03$4.47$3.51$2.37$1.15
2021Detailed filing. Detailed filing data is available for this year.$3.33$0.00$3.32$2.89$1.46$1.43
2020Detailed filing. Detailed filing data is available for this year.$1.98$0.09$1.89$1.95$2.06$0.12
2019Detailed filing. Detailed filing data is available for this year.$2.01$0.01$2.01$1.65$2.34$0.68
2018Detailed filing. Detailed filing data is available for this year.$2.71$0.01$2.69$1.90$2.25$0.35
2017Detailed filing. Detailed filing data is available for this year.$3.05$0.01$3.04$2.93$1.84$1.10
2016Detailed filing. Detailed filing data is available for this year.$1.96$0.01$1.94$1.96$1.84$0.12
2015Detailed filing. Detailed filing data is available for this year.$1.84$0.01$1.83$1.50$1.84$0.34
2014Detailed filing. Detailed filing data is available for this year.$2.17$0.01$2.17$1.44$1.49$0.05
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.22$0.00$2.22$1.55$1.44$0.11
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.11$0.01$2.11$1.40
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.40$0.06$1.34$1.68$2.62$0.94