Local 251 Training Fund

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Legal Domicile

Phone

4014673323

Tax Period

2024-04-01 to 2025-03-31

Local 251 Training Fund is a small nonprofit in the Education sector that reported $560K in total revenue in fiscal year 2024. Expenses of $627K exceeded revenue, resulting in a 12% operating deficit.

Mission

Train and educate individuals in specialized skills to qualify for employment.

Program Service Accomplishments

Program 1

Expenses: $599,579 Revenue: $560,096

To train and educate its members and unemployed individuals of the states of RI and MA in specialized skills to enable them to qualify for employment opportunities.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $501,331

Program Service Revenue $58,765

Investment Income $42

Other Revenue $0

TOTAL REVENUE $560,138

Expense Breakdown

Grants Paid $0

Salaries & Benefits $135,695

Fundraising Expenses $0

Program Expenses $599,579

Other Expenses $491,042

TOTAL EXPENSES $626,737

Year-over-Year Comparison

	2024	2023	Change
Revenue	$560,138	$535,649	+0.0%
Expenses	$626,737	$658,844	0.0%
Net Income	$-66,599	$-123,195	-0.5%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Matthew Taibi	Trustee	2.00	Director	$0	$0	$0
Michael Gammino	Trustee	2.00	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
2025	$560,138	$626,737	$294,702	$-66,599
2024	$535,649	$658,844	$385,724	$-123,195
2023	$746,993	$550,008	$498,642	$196,985
2022	$506,948	$463,561	$287,654	$43,387
2021	$299,492	$385,764	$278,160	$-86,272
2020	$528,469	$405,217	$322,769	$123,252
2019	$446,961	$363,271	$243,351	$83,690