UA LOCAL 524 EDUCATION FUND (EIN 237218430) - 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

1973

Legal Domicile

Principal Officer

PATRICK DOLAN

Phone

5703479214

Tax Period

2024-07-01 to 2025-06-30

UA LOCAL 524 EDUCATION FUND, founded in 1973, is a small nonprofit in the Employment sector that reported $542K in total revenue in fiscal year 2024. Expenses of $932K exceeded revenue, resulting in a 72% operating deficit.

Mission

TO PROVIDE FOR THE CREATION AND OPERATION OF A PROGRAM FOR THE TRAINING OF PIPEFITTER APPRENTICES

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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 $528,306

Investment Income $13,553

Other Revenue $176

TOTAL REVENUE $542,035

Expense Breakdown

Grants Paid $0

Salaries & Benefits $457,464

Fundraising Expenses $0

Program Expenses $844,857

Other Expenses $474,827

TOTAL EXPENSES $932,291

Year-over-Year Comparison

	2024	2023	Change
Revenue	$542,035	$506,248	+0.1%
Expenses	$932,291	$695,225	+0.3%
Net Income	$-390,256	$-188,977	+1.1%

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

$234,717

Total Directors

$539,474

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRICK DOLAN	UNION TRUSTEE	5.00	Director	$0	$85,682	$285,430
JASON FLYNN	UNION TRUSTEE	5.00	Director	$0	$0	$0
SCOTT SCHRANER	UNION TRUSTEE	5.00	Director	$7,260	$0	$7,260
STEVE WEINBERGER	EMPLOYER TRUSTEE	5.00	Director	$0	$0	$0
HAROLD NEWELL	EMPLOYER TRUSTEE	5.00	Director	$0	$0	$0
JOHN MEEHAN	EMPLOYER TRUSTEE	5.00	Director	$0	$0	$0
BRUCE JONES	UNION TRUSTEE	5.00	Director	$0	$89,107	$246,784
BRIAN DOLAN	UNION TRUSTEE	5.00	Director	$0	$0	$0
JOE KEREKES	FUND DIRECTOR	40.00	Officer	$144,531	$90,186	$234,717

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	$542,035	$932,291	$2,178,163	$-390,256
2024	$506,248	$695,225	$2,566,048	$-188,977
2023	$495,314	$822,861	$2,754,394	$-327,547
2022	$433,900	$537,199	$3,084,294	$-103,299
2021	$341,931	$482,265	$3,186,822	$-140,334
2020	$436,684	$486,007	$3,325,768	$-49,323
2019	$693,411	$548,169	$3,375,425	$145,242
2018	$906,954	$516,393	$3,229,428	$390,561

UA LOCAL 524 EDUCATION FUND