LABORERS' LOCAL 1822 TRAINING & EDUCATION FUND (EIN 166279878) - 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

1985

Legal Domicile

Principal Officer

SCOTT HILYARD

Phone

3157698731

Tax Period

2024-01-01 to 2024-12-31

LABORERS' LOCAL 1822 TRAINING & EDUCATION FUND, founded in 1985, is a small nonprofit that reported $295K in total revenue in fiscal year 2024. The organization ran a surplus of $122K, a strong 41% operating margin.

Mission

TO PROVIDE TRAINING & EDUCATION FOR MEMBERS OF LOCAL UNION 1822

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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 $260,743

Investment Income $34,530

Other Revenue $0

TOTAL REVENUE $295,273

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7

Fundraising Expenses $0

Other Expenses $173,316

TOTAL EXPENSES $173,323

Year-over-Year Comparison

	2024	2023	Change
Revenue	$295,273	$277,332	+0.1%
Expenses	$173,323	$275,954	-0.4%
Net Income	$121,950	$1,378	+87.5%

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

$192,844

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD DADDARIO	TRUSTEE	1.00	Director	$0	$0	$0
EARL HALL	TRUSTEE	1.00	Director	$0	$0	$0
SCOTT HILYARD	TRUSTEE	1.00	Director	$0	$87,923	$192,844
JONATHAN HUTCHINS	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	$295,273	$173,323	$675,116	$121,950
2023	$277,332	$275,954	$560,098	$1,378
2022	$263,567	$293,482	$519,396	$-29,915
2021	$303,225	$276,328	$562,625	$26,897
2020	$231,236	$267,882	$522,093	$-36,646
2019	$264,719	$271,996	$564,327	$-7,277
2018	$281,564	$261,742	$524,513	$19,822

LABORERS' LOCAL 1822 TRAINING & EDUCATION FUND