LOCAL 355 USW JOINT APPRENTICESHIP AND TRAINING FUND (EIN 113522006) - 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

2002

Legal Domicile

Principal Officer

WILLIAM SWEENEY

Phone

9292441222

Tax Period

2024-05-01 to 2025-04-30

LOCAL 355 USW JOINT APPRENTICESHIP AND TRAINING FUND, founded in 2002, is a community nonprofit in the Education sector that reported $1.1M in total revenue in fiscal year 2024. The organization ran a surplus of $195K, a strong 17% operating margin.

Mission

TO PROVIDE APPRENTICESHIP 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 $6,944

Program Service Revenue $1,051,531

Investment Income $75,354

Other Revenue $18

TOTAL REVENUE $1,133,847

Expense Breakdown

Grants Paid $0

Salaries & Benefits $391,986

Fundraising Expenses $0

Program Expenses $617,519

Other Expenses $547,316

TOTAL EXPENSES $939,302

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,133,847	$1,151,082	0.0%
Expenses	$939,302	$945,622	0.0%
Net Income	$194,545	$205,460	-0.1%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIAN KEATING	DIRECTOR	40.00	Highest	$218,800	$37,709	$256,509
GANDOLFO SCHIAVONE	EMPLOYER TRUSTEE	10.00	Director	$0	$0	$0
LORI AMES	UNION TRUSTEE	70.00	Director	$0	$0	$0
JONATHAN S AMES	UNION TRUSTEE	70.00	Director	$0	$0	$0
WILLIAM SWEENEY	FUND ADMINISTRATOR	65.00	Officer	$0	$0	$0
LOU LOIACONO	UNION TRUSTEE	65.00	Director	$0	$0	$0
MICHAEL LORUSSO	EMPLOYER TRUSTEE	10.00	Director	$0	$0	$0
KEN FULEP	EMPLOYER TRUSTEE	10.00	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	$1,133,847	$939,302	$2,634,067	$194,545
2024	$1,151,082	$945,622	$2,531,733	$205,460
2023	$1,031,288	$957,252	$1,752,560	$74,036
2022	$938,023	$850,989	$1,667,110	$87,034
2021	$899,663	$840,087	$1,619,906	$59,576
2020	$997,828	$879,538	$1,499,836	$118,290
2019	$1,181,859	$903,999	$1,404,797	$277,860
2018	$1,008,071	$786,092	$1,112,573	$221,979

LOCAL 355 USW JOINT APPRENTICESHIP AND TRAINING FUND