LOCAL 294 AND EASTERN CONTRACTORS … - Form 990 Financial Data

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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

1970

Legal Domicile

Principal Officer

LAURA REGAN

Phone

5188690961

Tax Period

2024-05-01 to 2025-04-30

LOCAL 294 AND EASTERN CONTRACTORS ASSOC JOINT EDUCATION AND TRAINING FUND, founded in 1970, is a small nonprofit in the Employment sector that reported $100K in total revenue in fiscal year 2024. Revenue fell 46% from the prior year — a significant decline worth monitoring. Expenses of $172K exceeded revenue, resulting in a 71% operating deficit.

Mission

PROVIDE BENEFITS TO PARTICIPANTS AND OTHER BENEFICIARIES AS DECIDED BY TRUSTEES, AND SHALL FURTHER PROVIDE THE MEANS FOR DEFRAYING THE REASONABLE ADMINISTRATIVE AND OPERATING EXPENSES OF THE FUND.

Program Service Accomplishments

Program 1

PROVIDE EDUCATION, TRAINING AND SKILL DEVELOPMENT IN THE CONSTRUCTION INDUSTRY WHILE PROVIDING SCHOLARSHIPS TO 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 $0

Program Service Revenue $52,663

Investment Income $47,600

Other Revenue $0

TOTAL REVENUE $100,263

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $171,648

TOTAL EXPENSES $171,648

Year-over-Year Comparison

	2024	2023	Change
Revenue	$100,263	$187,051	-0.5%
Expenses	$171,648	$89,433	+0.9%
Net Income	$-71,385	$97,618	-1.7%

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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LAURA REGAN	MGMT TRUSTEE	1.00	Director	$0	$0	$0
THOMAS QUACKENBUSH	UNION 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	$100,263	$171,648	$1,655,388	$-71,385
2024	$187,051	$89,433	$1,667,019	$97,618
2023	$144,690	$85,883	$1,560,672	$58,807
2022	$204,690	$82,998	$1,517,123	$121,692
2021	$106,025	$78,064	$1,474,002	$27,961
2020	$112,820	$77,937	$1,318,690	$34,883
2019	$139,839	$80,213	$1,289,472	$59,626

LOCAL 294 AND EASTERN CONTRACTORS ASSOC JOINT EDUCATION AND TRAINING FUND