LABORERS LOCAL 1298 JOINT APPRENTICESHIP AND TRAINING FUND (EIN 116472322) - 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

Phone

5164893644

Tax Period

2024-07-01 to 2025-06-30

LABORERS LOCAL 1298 JOINT APPRENTICESHIP AND TRAINING FUND, founded in 1996, is a community nonprofit in the Education sector that reported $1.8M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Net assets of $3.9M represent 26 months of operating reserves.

Mission

THE PURPOSE OF THE PLAN IS TO PROVIDE APPRENTICESHIP, EDUCATIONAL AND TRAINING BENEFITS 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 $0

Program Service Revenue $1,761,007

Investment Income $47,481

Other Revenue $0

TOTAL REVENUE $1,808,488

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,381,221

Fundraising Expenses $0

Program Expenses $1,638,090

Other Expenses $400,047

TOTAL EXPENSES $1,781,268

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,808,488	$1,662,910	+0.1%
Expenses	$1,781,268	$1,726,222	+0.0%
Net Income	$27,220	$-63,312	-1.4%

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

$870,610

Total Directors

$2,746,649

Key Employees

$2,214,182

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GEORGE F TRUICKO JR	UNION TRUSTEE	1.00	Director	$0	$250,072	$706,443
GEORGE S TRUICKO III	UNION TRUSTEE	1.00	Director	$0	$219,625	$601,975
FRANK DAMIANO JR	UNION TRUSTEE	1.00	Director	$0	$209,629	$539,055
JAMES WINSHIP	UNION TRUSTEE	1.00	Director	$0	$121,645	$413,659
PHILIP BEYER	EMPLOYER TRUSTEE	0.00	Director	$0	$0	$0
DONNA DEFEDE	EMPLOYER TRUSTEE	0.00	Director	$0	$0	$0
JASON GOLDEN	EMPLOYER TRUSTEE	0.00	Director	$0	$0	$0
MARC HERBST	EMPLOYER TRUSTEE	0.00	Director	$0	$0	$0
WILLIAM FLYNN	UNION TRUSTEE	1.00	Director	$0	$196,378	$485,517
ROBIN SHERMAN	FUND OFFICER	1.00	Officer	$0	$73,286	$322,116
JAMES CORNELL	FUND OFFICER	1.00	Officer	$0	$73,286	$318,422
SAMANTHA LAYTON	FUND OFFICER	1.00	Officer	$0	$63,154	$230,072
GUY TRUICKO	KEY EMPLOYEE	1.00	Key Emp	$0	$209,030	$513,369
ANNALISA DEFALCO	FUND ADMINISTRATOR	1.00	Key Emp	$0	$73,286	$443,342
STEVE AURIGEMA	INSTRUCTOR	20.00	Key Emp	$296,853	$40,808	$337,661
JOSEPH VENTURA	INSTRUCTOR	40.00	Key Emp	$250,032	$73,286	$323,318
WILLIAM FARRELL	INSTRUCTOR	40.00	Key Emp	$224,960	$73,286	$298,246
FRANK SCHWEIZER	INSTRUCTOR	40.00	Key Emp	$224,960	$73,286	$298,246

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	$1,808,488	$1,781,268	$3,968,232	$27,220
2024	$1,662,910	$1,726,222	$3,928,447	$-63,312
2023	$1,648,206	$1,748,492	$3,991,097	$-100,286
2022	$1,573,391	$1,656,948	$4,091,660	$-83,557
2021	$1,535,104	$1,631,625	$4,177,141	$-96,521
2020	$1,567,722	$1,561,502	$4,272,267	$6,220
2019	$1,475,682	$1,527,128	$4,269,186	$-51,446
2018	$1,390,398	$1,270,361	$4,373,627	$120,037

LABORERS LOCAL 1298 JOINT APPRENTICESHIP AND TRAINING FUND