LIUNA LOCAL 731 TRAINING FUND

EIN: 133900715 501(c)(3) Employment

ASTORIA, NY

Total Revenue
$8,083,578
Total Expenses
$5,390,795
Total Assets
$40,503,312
Net Assets
$39,817,802
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1996
Legal Domicile
NY
Principal Officer
DOMINIC VALDNER
Phone
7187529860
Tax Period
2024-01-01 to 2024-12-31

LIUNA LOCAL 731 TRAINING FUND, founded in 1996, is a community nonprofit in the Employment sector that reported $8.1M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. The organization ran a surplus of $2.7M, a strong 33% operating margin.

Mission

COLLECTIVELY BARGAINED MULTI-EMPLOYER TRAINING FUND PROVIDES TRAINING, RETRAINING & EDUCATION BENEFITS ON BEHALF OF EMPLOYEES OF CONTRIBUTING EMPLOYERS & DEPENDENTS OF SUCH EMPLOYEES

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $6,913,839
Investment Income $1,152,203
Other Revenue $17,536
TOTAL REVENUE $8,083,578

Expense Breakdown

Grants Paid $258,000
Salaries & Benefits $2,920,057
Fundraising Expenses $0
Program Expenses $3,994,566
Other Expenses $2,212,738
TOTAL EXPENSES $5,390,795

Year-over-Year Comparison

2024 2023 Change
Revenue $8,083,578 $7,462,554 +0.1%
Expenses $5,390,795 $6,004,717 -0.1%
Net Income $2,692,783 $1,457,837 +0.8%
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

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
4
Independent Members
4
Employees
12
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
0
$0
Total Directors
4
$1,214,542
Key Employees
1
$354,947
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CARMINE D'AMATO UNION TRUSTE N/A
Director
$0 $222,278 $611,134
DOMINIC VALDNER UNION TRUSTE 0.00
Director
$0 $219,535 $603,408
TIMOTHY MAGUIRE TRAINING DIR 40.00
Key Emp
$244,077 $110,870 $354,947
FRANK BIANCANIELLO FORMER UNION 0.00
$0 $24,197 $347,717
PAUL TURCK INSTRUCTOR 40.00
Highest
$214,798 $110,870 $325,668
AGUSTIN VAZQUEZ INSTRUCTOR 40.00
Highest
$208,849 $110,870 $319,719
DAVIS TORRES APPRENTICE C 40.00
Highest
$192,915 $110,870 $303,785
VINCENT OMBRES INSTRUCTOR 40.00
Highest
$184,400 $107,993 $292,393
DONALD ABRAHAM INSTRUCTOR 40.00
Highest
$174,275 $110,870 $285,145
JOSEPH D'AMATO FORMER UNION 0.00
$0 $0 $51,954
MARK ROSEN EMPLOYER TRU N/A
Director
$0 $0 $0
ROBERT WESSEL EMPLOYER TRU N/A
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 $8,083,578 $5,390,795 $40,503,312 $2,692,783
2023 $7,462,554 $6,004,717 $38,521,411 $1,457,837
2022 $6,806,306 $5,335,072 $34,235,772 $1,471,234
2021 $6,900,469 $5,073,731 $35,207,464 $1,826,738
2020 $8,001,596 $4,243,518 $33,215,001 $3,758,078
2019 $7,807,516 $4,660,763 $29,159,291 $3,146,753
2018 $6,933,689 $3,542,957 $23,688,658 $3,390,732
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