LOCAL UNION 102 JOINT APPRENTICESHIP TRAINING FUND (EIN 222520875) - 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

1966

Legal Domicile

Principal Officer

MICHAEL SCOTTO

Phone

9738871718

Tax Period

2024-01-01 to 2024-12-31

LOCAL UNION 102 JOINT APPRENTICESHIP TRAINING FUND, founded in 1966, is a community nonprofit that reported $3.3M in total revenue in fiscal year 2024. Expenses of $2.9M left a modest 12% surplus.

Mission

APPRENTICE AND JOURNEYMAN TRAINING FOR ELECTRICIANS

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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 $3,045,521

Investment Income $263,152

Other Revenue $0

TOTAL REVENUE $3,308,673

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,683,187

Fundraising Expenses $0

Other Expenses $1,225,051

TOTAL EXPENSES $2,908,238

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,308,673	$3,342,123	0.0%
Expenses	$2,908,238	$3,197,026	-0.1%
Net Income	$400,435	$145,097	+1.8%

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

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

$1,925

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VICTOR BLAND	TRUSTEE	10.00	Director	$1,381	$0	$1,381
JOHN BRENNAN	TRUSTEE	1.00	Director	$544	$0	$544
BERNIE CORRIGAN	DIRECTOR	8.00	Director	$0	$0	$0
DANNY BRACUTO	TRUSTEE (P)	2.00	Director	$0	$0	$0
NICK CASTELLO	TRUSTEE	1.00	Director	$0	$0	$0
CHISANDRA DELESKY	TRUSTEE	1.00	Director	$0	$0	$0
BOB DELLECAVA	TRUSTEE (P)	1.00	Director	$0	$0	$0
JOHN GUEMPLE	TRUSTEE	1.00	Director	$0	$0	$0
HAROLD POST	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL SCOTTO	TRUSTEE	1.00	Director	$0	$0	$0
JOSEPH STARK	TRUSTEE	1.00	Director	$0	$0	$0
JOSEPH CUCUZZA	INSTRUCTOR/ADMIN	40.00	Highest	$204,576	$127,246	$331,822
ERIC TSCHERNE	INSTRUCTOR	40.00	Highest	$156,676	$97,452	$254,128
MATTHEW D OSWALD	INSTRUCTOR	40.00	Highest	$150,150	$93,393	$243,543
JEFFREY DRAYTON	INSTRUCTOR	40.00	Highest	$150,150	$93,393	$243,543
KEITH MEREK	INSTRUCTOR	40.00	Highest	$150,150	$93,393	$243,543

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	$3,308,673	$2,908,238	$7,391,896	$400,435
2023	$3,342,123	$3,197,026	$7,079,975	$145,097
2022	$2,716,680	$2,921,751	$7,313,076	$-205,071
2021	$3,056,807	$2,629,230	$5,728,470	$427,577
2020	$2,612,578	$2,477,780	$5,341,785	$134,798
2019	$3,289,506	$2,532,377	$5,185,571	$757,129
2018	$2,512,175	$2,429,923	$4,420,789	$82,252

LOCAL UNION 102 JOINT APPRENTICESHIP TRAINING FUND