APPRENTICESHIP SKILL IMPROVEMENT AND SAF IUOE LOCALS 137 A B C R AFL-CIO (EIN 131968055) - 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

1961

Legal Domicile

Principal Officer

ALBERT WASSEL

Phone

9147621268

Tax Period

2024-01-01 to 2024-12-31

APPRENTICESHIP SKILL IMPROVEMENT AND SAF IUOE LOCALS 137 A B C R AFL-CIO, founded in 1961, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2024. Net assets of $3.2M represent 34 months of operating reserves.

Mission

THE PURPOSE OF THE PLAN IS TO PROVIDE 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 $0

Program Service Revenue $1,045,327

Investment Income $84,265

Other Revenue $5,237

TOTAL REVENUE $1,134,829

Expense Breakdown

Grants Paid $0

Salaries & Benefits $634,974

Fundraising Expenses $0

Program Expenses $1,030,856

Other Expenses $567,884

TOTAL EXPENSES $1,202,858

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,134,829	$1,191,008	0.0%
Expenses	$1,202,858	$1,165,265	+0.0%
Net Income	$-68,029	$25,743	-3.6%

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

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

$555,745

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID RYAN	FUND DIRECTOR	40.00	Officer	$192,030	$106,393	$298,423
ALBERT WASSELL	FUND MANAGER	4.00	Officer	$0	$103,068	$257,322
SEAN P MEANY	ASST. FUND DIRECTOR	40.00	Highest	$155,070	$94,144	$249,214
JEFFREY LOUGHLIN	UNION TRUSTEE	1.00	Director	$0	$0	$0
JAMES SASSO	UNION TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL MILLER	UNION TRUSTEE	1.00	Director	$0	$0	$0
JOHN COONEY	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
RICHARD LOMBARDI	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
MARK FANTE	EMPLOYER TRUSTEE	1.00	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
2024	$1,134,829	$1,202,858	$3,274,440	$-68,029
2023	$1,191,008	$1,165,265	$3,238,486	$25,743
2022	$1,196,132	$1,188,660	$3,049,873	$7,472
2021	$1,184,742	$1,110,504	$3,334,009	$74,238
2020	$1,081,123	$1,157,468	$3,115,376	$-76,345
2019	$1,304,256	$1,058,964	$3,135,161	$245,292
2018	$1,480,869	$1,015,288	$2,870,198	$465,581

APPRENTICESHIP SKILL IMPROVEMENT AND SAF IUOE LOCALS 137 A B C R AFL-CIO