JOINT EMPLOYMENT COMMITTEE

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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

1968

Legal Domicile

Principal Officer

EDWARD F HANLEY

Phone

4105479111

Tax Period

2023-01-01 to 2023-12-31

JOINT EMPLOYMENT COMMITTEE, founded in 1968, is a community nonprofit that reported $4.5M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $4.3M left a modest 3% surplus.

Mission

THE PURPOSE OF THIS ORGANIZATION IS OVERSEEING AND SUPPORTING THE OPERATION AND MAINTENANCE OF THE EMPLOYMENT OFFICES OF DISTRICT NO. 1 - PCD, MEBA, FROM WHICH THE COMPANIES OBTAIN THEIR LICENSED OFFICERS. THE COMMITTEE IS INTENDED TO OPERATE AS A JOINT LABOR-MANAGEMENT COMMITTEE IN ACCORDANCE WITH SECTION 302(C)(9) OF THE LABOR-MANAGEMENT RELATIONS ACT.

Program Service Accomplishments

Program 1

PROMOTE JOB SECURITY AND ECONOMIC DEVELOPMENT BY DEFRAYING THE COST AND THE EXPENSE OF THE OPERATION AND MAINTENANCE OF THE UNION'S EMPLOYMENT OFFICES FROM WHICH THE COMPANIES OBTAIN THEIR LICENSED...

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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 $4,256,232

Investment Income $195,627

Other Revenue $5,170

TOTAL REVENUE $4,457,029

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,708

Fundraising Expenses $0

Other Expenses $4,303,943

TOTAL EXPENSES $4,310,651

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,457,029	$3,954,111	+0.1%
Expenses	$4,310,651	$4,126,490	+0.0%
Net Income	$146,378	$-172,379	-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

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

$465,252

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HANLEY EDWARD	CHAIRMAN-COMMITTEE MEMBER	2.00	Director	$0	$0	$0
FARRAR BORIANA	COMMITTEE MEMBER	2.00	Director	$0	$0	$0
THORNTON WILLIAM	COMMITTEE MEMBER	2.00	Director	$0	$0	$0
MOTE DAMON	COMMITTEE MEMBER	2.00	Director	$0	$0	$0
SULLIVAN JACK	COMMITTEE MEMBER	2.00	Director	$0	$0	$0
REXHA ROLAND	SECRETARY-COMMITTEE MEMBER	2.00	Director	$0	$0	$0
DUNCAN JEFF	COMMITTEE MEMBER	2.00	Director	$0	$0	$0
DOHERTY RICHARD	COMMITTEE MEMBER	2.00	Director	$0	$0	$0
CIMINI CLAUDIA	COMMITTEE MEMBER	2.00	Director	$0	$0	$0
CALLAHAN JASON	COMMITTEE MEMBER	2.00	Director	$0	$0	$0
SMITH ADAM	COMMITTEE MEMBER	2.00	Director	$0	$0	$0
LABONTE MICHAEL	COMMITTEE MEMBER	2.00	Director	$0	$0	$0
GILCHRIST ANN	ADMINISTRATOR	1.00	Officer	$0	$38,339	$230,442
KELLY PATRICIA	EXECUTIVE DIRECTOR	1.00	Officer	$0	$58,868	$234,810
WASSELL JOSEPH	EXECUTIVE DIRECTOR	2.00	Director	$0	$0	$0
KURZ DONALD JR	COMMITTEE MEMBER	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	No data	No data	No data	No data
2023	$4,457,029	$4,310,651	$10,413,675	$146,378
2022	$3,954,111	$4,126,490	$10,043,098	$-172,379
2021	$4,750,178	$3,930,329	$11,660,758	$819,849
2020	$4,028,584	$3,711,922	$10,841,250	$316,662
2019	$3,984,628	$3,526,135	$9,998,073	$458,493
2018	$3,181,717	$3,356,612	$8,674,610	$-174,895