LOCAL 282 JOB TRAINING TRUST FUND (EIN 116399999) - 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

1990

Legal Domicile

Principal Officer

THOMAS GESUALDI

Phone

5164882822

Tax Period

2023-01-01 to 2023-12-31

LOCAL 282 JOB TRAINING TRUST FUND, founded in 1990, is a small nonprofit that reported $682K in total revenue in fiscal year 2023. Revenue surged 43% from the prior year, signaling strong growth momentum. The organization ran a surplus of $149K, a strong 22% operating margin.

Mission

TRAINING PLAN PARTICIPANTS TO ENABLE THEM TO OPERATE TRUCKS AND EQUIPMENT IN A PROPER AND SAFE MANNER.

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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 $43,351

Program Service Revenue $551,808

Investment Income $82,834

Other Revenue $3,673

TOTAL REVENUE $681,666

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $230,670

TOTAL EXPENSES $532,455

Year-over-Year Comparison

	2023	2022	Change
Revenue	$681,666	$478,006	+0.4%
Expenses	$532,455	$437,545	+0.2%
Net Income	$149,211	$40,461	+2.7%

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

N/A

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
MARIO BULDING	FUND MANAGER	1.00		$0	$117,940	$389,977
THOMAS J ZULTKO	INSTRUCTOR	35.00		$0	$70,679	$221,096
BRUCE LEVINE	IN HOUSE COUNSEL	0.00		$0	$38,092	$178,189
HONG YING LI	CONTROLLER	1.75		$0	$56,862	$168,651
HO Y HO	PAYROLL AUDITOR	0.00		$0	$64,048	$167,059
TIMOTHY LYE	IT MANAGER	2.75		$0	$41,395	$159,059
MARC HERBST	Trustee	1.50	Director	$0	$0	$0
THOMAS CORBETT	Trustee	1.50	Director	$0	$0	$0
LOUIS BISIGNANO	Trustee	1.50	Director	$0	$0	$0
THOMAS GESUALDI	Trustee	1.50	Director	$0	$0	$0
MICHAEL BOURGAL	Trustee	1.50	Director	$0	$0	$0
MICHAEL O' TOOLE	Trustee	1.50	Director	$0	$0	$0
FRANK FINKEL	Trustee	1.50	Director	$0	$0	$0
DARIN JEFFERS	Trustee	1.50	Director	$0	$0	$0
ROBERT G WESSELS	Trustee	1.50	Director	$0	$0	$0
ROCCO TOMASSETTI SR	Trustee	1.50	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	No data	No data	No data	No data
2023	$681,666	$532,455	$2,187,832	$149,211
2022	$551,266	$444,766	$1,856,976	$106,500
2022	$478,006	$437,545	$1,968,831	$40,461
2021	$526,852	$432,835	$1,729,730	$94,017
2020	$659,882	$491,749	$1,674,223	$168,133
2019	$635,842	$479,442	$1,517,445	$156,400

LOCAL 282 JOB TRAINING TRUST FUND