LOCAL UNION 104 OCCUPATIONAL SAFETY HEALTH AND EDUCATION TRUST FUND

EIN: 222581643 501(c)(3) Employment

MANSFIELD, MA

Total Revenue
$9,060,145
Total Expenses
$5,531,312
Total Assets
$14,752,032
Net Assets
$14,751,265
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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
MA
Principal Officer
BRIAN MURPHY
Phone
5086685856
Tax Period
2024-01-01 to 2024-12-31

LOCAL UNION 104 OCCUPATIONAL SAFETY HEALTH AND EDUCATION TRUST FUND, founded in 1985, is a community nonprofit in the Employment sector that reported $9.1M in total revenue in fiscal year 2024. Revenue surged 29% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.5M, a strong 39% operating margin.

Mission

PROVIDE TRAINING AND EDUCATION PROGRAMS FOR EMPLOYEES IN THE OUTSIDE ELECTRICAL INDUSTRY AND MEMBERS OF AN AFFILIATED IBEW LOCAL.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $8,562,277
Investment Income $495,056
Other Revenue $2,812
TOTAL REVENUE $9,060,145

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,625,833
Fundraising Expenses $0
Program Expenses $3,382,844
Other Expenses $3,905,479
TOTAL EXPENSES $5,531,312

Year-over-Year Comparison

2024 2023 Change
Revenue $9,060,145 $7,047,258 +0.3%
Expenses $5,531,312 $4,578,927 +0.2%
Net Income $3,528,833 $2,468,331 +0.4%
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

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Governance

Voting Members
6
Independent Members
6
Employees
7
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
0
$0
Total Directors
6
$0
Key Employees
1
$304,503
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KEITH PRACHNIAK TRUSTEE 2.00
Director
$0 $0 $0
TOM HALPIN TRUSTEE 2.00
Director
$0 $0 $0
MICHAEL GILCHRIST TRUSTEE 2.00
Director
$0 $0 $0
CHUCK RUBESKI TRUSTEE 2.00
Director
$0 $0 $0
BRIAN MURPHY TRUSTEE 2.00
Director
$0 $0 $0
BILL HERSHMAN TRUSTEE 2.00
Director
$0 $0 $0
RYAN DEMERITT DIRECTOR/ PLAN ADMIN 40.00
Key Emp
$222,858 $81,645 $304,503
JULIE MORRIS ADMIN 40.00
Highest
$121,433 $66,265 $187,698
DEREK MARTIN ADMIN 40.00
Highest
$213,362 $82,012 $295,374
KATHLEEN M TILDEN ADMIN 40.00
Highest
$121,433 $66,265 $187,698
KERRY BISSINGER ADMIN 40.00
Highest
$121,433 $66,265 $187,698
BART JONES ADMIN 40.00
Highest
$211,706 $81,645 $293,351
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 $9,060,145 $5,531,312 $14,752,032 $3,528,833
2023 $7,047,258 $4,578,927 $12,957,124 $2,468,331
2022 $4,417,542 $4,319,296 $8,754,790 $98,246
2021 $5,699,271 $3,923,509 $8,656,713 $1,775,762
2020 $3,385,944 $2,905,810 $6,880,707 $480,134
2019 $3,291,919 $2,983,319 $6,400,788 $308,600
2018 $3,540,526 $2,537,490 $6,091,611 $1,003,036
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