I U O E LOCAL 98 ENG'RS JT TNG SKL IMPRVMT SAFETY EDU APP & TNG FUND (EIN 042509496) - 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

1972

Legal Domicile

Phone

4139983230

Tax Period

2024-01-01 to 2024-12-31

I U O E LOCAL 98 ENG'RS JT TNG SKL IMPRVMT SAFETY EDU APP & TNG FUND, founded in 1972, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2024. Expenses of $1.1M left a modest 10% surplus.

Mission

TO PROVIDE TRAINING, SKILL IMPROVEMENT AND SAFETY EDUCATION TO ELIGIBLE PARTICIPANTS.

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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 $5,782

Program Service Revenue $1,175,852

Investment Income $60,845

Other Revenue $0

TOTAL REVENUE $1,242,479

Expense Breakdown

Grants Paid $0

Salaries & Benefits $505,998

Fundraising Expenses $0

Program Expenses $938,422

Other Expenses $611,766

TOTAL EXPENSES $1,117,764

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,242,479	$1,226,550	+0.0%
Expenses	$1,117,764	$1,054,454	+0.1%
Net Income	$124,715	$172,096	-0.3%

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

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

$398,146

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KARA RICHOTTE	FUND ADMINISTRATOR	4.00	Officer	$0	$79,746	$204,704
NICHOLAS GIROLAMO	TRAIN. DIRECTOR	40.00	Officer	$113,696	$79,746	$193,442
DARREN AUGER	UNION TRUSTEE	1.00	Director	$0	$0	$0
DAVID KAZMIERCZAK	UNION TRUSTEE/CHAIRMAN - EFF 9/24	1.00	Director	$0	$0	$0
WILLIAM D FAY	UNION TRUSTEE/CHAIRMAN - THRU 9/24	1.00	Director	$0	$0	$0
DANIEL PRATS	UNION TRUSTEE - EFF 9/24	1.00	Director	$0	$0	$0
CHRISTOPHER GAGLIARDUCCI	EMPLOYER TRUSTEE/SECRETARY	1.00	Director	$0	$0	$0
JENNA RAHKONEN	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
JONATHAN PECOY	EMPLOYER TRUSTEE	1.00	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	$1,242,479	$1,117,764	$5,096,298	$124,715
2023	$1,226,550	$1,054,454	$5,181,634	$172,096
2022	$1,226,010	$912,516	$5,103,776	$313,494
2021	$1,282,293	$862,803	$5,128,304	$419,490
2020	$1,055,556	$904,035	$5,042,979	$151,521
2019	$966,627	$774,757	$4,865,922	$191,870
2018	$921,048	$728,434	$2,848,348	$192,614

I U O E LOCAL 98 ENG'RS JT TNG SKL IMPRVMT SAFETY EDU APP & TNG FUND