LABORERS LOCAL 17 TRAINING & EDUCATIONAL TRUST FUND (EIN 222387008) - 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

1984

Legal Domicile

Principal Officer

WAYNE K MACKEY

Phone

8455621121

Tax Period

2024-01-01 to 2024-12-31

LABORERS LOCAL 17 TRAINING & EDUCATIONAL TRUST FUND, founded in 1984, is a community nonprofit in the Employment sector that reported $3.1M in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. Net assets of $6.4M represent 25 months of operating reserves.

Mission

TRAIN & EDUCATE UNION MEMBERS

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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 $739,273

Program Service Revenue $2,086,637

Investment Income $41,157

Other Revenue $225,614

TOTAL REVENUE $3,092,681

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,483,937

Fundraising Expenses $0

Program Expenses $1,548,807

Other Expenses $1,585,033

TOTAL EXPENSES $3,068,970

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,092,681	$2,614,142	+0.2%
Expenses	$3,068,970	$2,936,106	+0.0%
Net Income	$23,711	$-321,964	-1.1%

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

$257,861

Total Directors

$888,168

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
L TODD DIORIO	BOARD CHAIRM	1.00	Director	$0	$4,894	$41,169
DEAN TAMBURRI	RECORDING SE	1.00	Director	$0	$130,862	$377,301
JEFFREY DIORIO	TRUSTEE	1.00	Director	$0	$153,183	$469,698
MICHAEL MASTROPIETRO	TRUSTEE	1.00	Director	$0	$0	$0
JUSTIN DARROW	TRUSTEE	1.00	Director	$0	$0	$0
GENARO A ARGENIO	TRUSTEE	1.00	Director	$0	$0	$0
WAYNE K MACKEY	ADMINISTRATI	46.00	Officer	$190,358	$56,303	$257,861

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	$3,092,681	$3,068,970	$7,026,403	$23,711
2023	$2,614,142	$2,936,106	$6,706,050	$-321,964
2022	$2,161,675	$2,667,905	$6,786,711	$-506,230
2021	$2,569,223	$2,299,366	$7,670,576	$269,857
2020	$2,431,716	$2,525,376	$7,270,623	$-93,660
2019	$2,801,758	$2,765,439	$6,887,035	$36,319
2018	$2,912,448	$2,537,355	$6,704,389	$375,093

LABORERS LOCAL 17 TRAINING & EDUCATIONAL TRUST FUND