BUILDING TRADES EDUCATIONAL BENEFIT FUND (EIN 113310063) - 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

1996

Legal Domicile

Principal Officer

ERIC OLYNIK

Phone

5168339300

Tax Period

2023-01-01 to 2023-12-31

BUILDING TRADES EDUCATIONAL BENEFIT FUND, founded in 1996, is a small nonprofit in the Education sector that reported $955K in total revenue in fiscal year 2023. Revenue decreased 17% compared to the prior year. Expenses of $1.1M exceeded revenue, resulting in a 17% operating deficit.

Mission

PROVIDE EDUCATION, TRAINING AND RELATED BENEFITS TO IMPROVE THE SKILLS OF PARTICIPANT ELECTRICIANS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $917,542

Investment Income $37,660

Other Revenue $0

TOTAL REVENUE $955,202

Expense Breakdown

Grants Paid $0

Salaries & Benefits $417,601

Fundraising Expenses $0

Program Expenses $302,593

Other Expenses $394,459

TOTAL EXPENSES $1,114,653

Year-over-Year Comparison

	2023	2022	Change
Revenue	$955,202	$1,150,895	-0.2%
Expenses	$1,114,653	$1,536,734	-0.3%
Net Income	$-159,451	$-385,839	-0.6%

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

N/A

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

$304,360

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIC OLYNIK	TRUSTEE	7.00	Director	$27,175	$0	$152,180
FRANK RAPPO	TRUSTEE	7.00	Director	$27,175	$0	$152,180
PAUL IACCARINO	DIRECTOR	40.00	Highest	$124,213	$24,021	$148,234

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	No data	No data	No data	No data
2023	$955,202	$1,114,653	$5,896,235	$-159,451
2022	$1,150,895	$1,536,734	$5,555,466	$-385,839
2021	$1,291,900	$1,243,113	$6,333,682	$48,787
2020	$1,225,468	$1,308,030	$5,715,811	$-82,562
2019	$1,104,216	$1,589,961	$5,384,578	$-485,745
2018	$1,169,884	$1,600,949	$5,145,628	$-431,065

BUILDING TRADES EDUCATIONAL BENEFIT FUND