LABORERS' LOCAL 621 TRAINING FUND (EIN 223101756) - 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

1991

Legal Domicile

Principal Officer

EDWARD GIARDINI

Phone

7163722639

Tax Period

2023-05-01 to 2024-04-30

LABORERS' LOCAL 621 TRAINING FUND, founded in 1991, is a small nonprofit that reported $336K in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. Expenses of $375K exceeded revenue, resulting in a 12% operating deficit.

Mission

TO PROVIDE EDUCATIONAL RESOURCES AND TRAINING TO THE UNION MEMBERS OF THE AFFILIATED ORGANIZATION.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $329,094

Investment Income $5,692

Other Revenue $1,299

TOTAL REVENUE $336,085

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $259,165

Other Expenses $243,475

TOTAL EXPENSES $375,171

Year-over-Year Comparison

	2023	2022	Change
Revenue	$336,085	$364,455	-0.1%
Expenses	$375,171	$257,585	+0.5%
Net Income	$-39,086	$106,870	-1.4%

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

N/A

Volunteers

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
DONALD GIARDINI	LABOR TRUSTEE	1.00	Director	$0	$0	$0
VERGILO GIARDINI	LABOR TRUSTEE	1.00	Director	$0	$0	$0
EDWARD GIARDINI	BUSINESS MANAGER	1.00	Officer Director	$0	$0	$0
ROBERT CUMMINS	MANAGEMENT TRUSTEE	1.00	Director	$0	$0	$0
ANDREW SCALISE	MANAGEMENT TRUSTEE	1.00	Director	$0	$0	$0
BRAD WALTERS	MANAGEMENT TRUSTEE	1.00	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
2025	No data	No data	No data	No data
2024	$336,085	$375,171	$404,588	$-39,086
2023	$364,455	$257,585	$434,024	$106,870
2022	$212,638	$194,628	$325,780	$18,010
2021	$167,657	$148,517	$309,405	$19,140
2019	$228,287	$152,498	$280,502	$75,789
2018	$191,267	$132,324	$217,352	$58,943

LABORERS' LOCAL 621 TRAINING FUND