MECHANICS LOCAL 701 TRAINING FUND (EIN 204447127) - 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

2010

Legal Domicile

Principal Officer

MARK GRASSESCHI

Phone

6302169230

Tax Period

2024-01-01 to 2024-12-31

MECHANICS LOCAL 701 TRAINING FUND, founded in 2010, is a community nonprofit in the Education sector that reported $2.1M in total revenue in fiscal year 2024. Revenue surged 62% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.1M, a strong 51% operating margin.

Mission

TO ESTABLISH AND MAINTAIN TRAINING AND EDUCATION PROGRAMS OF JOURNEYMEN AND APPRENTICES FOR FURTHER DEVELOPMENT OF SKILLS AND KNOWLEDGE NEEDED IN CRAFTS UNDER THE JURISDICTION OF AUTOMOBILE MECHANICS LOCAL 701.

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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 $648,048

Program Service Revenue $1,373,660

Investment Income $60,781

Other Revenue $49,280

TOTAL REVENUE $2,131,769

Expense Breakdown

Grants Paid $0

Salaries & Benefits $561,920

Fundraising Expenses $0

Program Expenses $695,422

Other Expenses $493,172

TOTAL EXPENSES $1,055,092

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,131,769	$1,317,552	+0.6%
Expenses	$1,055,092	$1,002,337	+0.1%
Net Income	$1,076,677	$315,215	+2.4%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK GRASSESCHI	TRUSTEE	1.00	Director	$0	$0	$0
AARON JANIK	TRUSTEE	1.00	Director	$0	$0	$0
PATRICK CHANDLER	TRUSTEE	1.00	Director	$0	$0	$0
WALTER EMERSON	TRUSTEE	1.00	Director	$0	$0	$0
TERRY D'ARCY	TRUSTEE	1.00	Director	$0	$0	$0
RYAN HAEHNLEIN	TRUSTEE	1.00	Director	$0	$0	$0
WILL GALLAGHER	FORMER TRUSTEE	1.00	Director	$0	$0	$0
GERALD ECKERT	TRAINING DIRECTOR	40.00	Highest	$103,875	$39,494	$143,369

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	$2,131,769	$1,055,092	$2,417,960	$1,076,677
2023	$1,317,552	$1,002,337	$1,310,696	$315,215
2022	$998,044	$908,761	$956,855	$89,283
2021	$856,529	$859,428	$949,705	$-2,899
2020	$871,350	$743,486	$1,019,824	$127,864
2019	$778,392	$767,854	$848,236	$10,538
2018	$645,619	$680,880	$792,433	$-35,261

MECHANICS LOCAL 701 TRAINING FUND