INSULATORS LOCAL UNION #89 - JATC ACCOUN UNION EDUCATION FUND (EIN 208249202) - 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

1969

Legal Domicile

Principal Officer

CHESTER GESEMYER

Phone

6092266643

Tax Period

2024-01-01 to 2024-12-31

INSULATORS LOCAL UNION #89 - JATC ACCOUN UNION EDUCATION FUND, founded in 1969, is a small nonprofit in the Education sector that reported $288K in total revenue in fiscal year 2024. Revenue surged 54% from the prior year, signaling strong growth momentum. The organization ran a surplus of $87K, a strong 30% operating margin.

Mission

TO PROVIDE EDUCATION AND TRAINING FOR INSULATORS LOCAL UNION #89 APPRENTICES.

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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 $246,986

Investment Income $0

Other Revenue $41,322

TOTAL REVENUE $288,308

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $193,078

Other Expenses $201,680

TOTAL EXPENSES $201,680

Year-over-Year Comparison

	2024	2023	Change
Revenue	$288,308	$187,365	+0.5%
Expenses	$201,680	$153,890	+0.3%
Net Income	$86,628	$33,475	+1.6%

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

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

$275,268

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHESTER GESEMYER	TRUSTEE	2.00	Director	$0	$109,282	$248,496
ANDY OSINCHAK	TRUSTEE	2.00	Director	$0	$0	$26,772
FRED DAVIES	TRUSTEE	2.00	Director	$0	$0	$0
WILLIAM HICKEY	TRUSTEE	2.00	Director	$0	$0	$0
STEVE MAINERO	TRUSTEE	2.00	Director	$0	$0	$0
DAMIEN DESOMMA	TRUSTEE	2.00	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	$288,308	$201,680	$169,060	$86,628

INSULATORS LOCAL UNION #89 - JATC ACCOUN UNION EDUCATION FUND