THOMAS SHORTMAN TRAINING SCHOLARSHIP AND SAFETY FUND (EIN 237424757) - 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

1974

Legal Domicile

Principal Officer

EMMANUEL PASTREICH

Phone

2125392778

Tax Period

2024-07-01 to 2025-06-30

THOMAS SHORTMAN TRAINING SCHOLARSHIP AND SAFETY FUND, founded in 1974, is a mid-sized nonprofit in the Employment sector that reported $23.5M in total revenue in fiscal year 2024.

Mission

THE FUND PROVIDES TRAINING, SCHOLARSHIPS AND SAFETY PROGRAMS TO ELIGIBLE PARTICIPANTS EMPLOYED IN THE BUILDING SERVICE INDUSTRY UNDER COLLECTIVE BARGAINING AGREEMENTS.

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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 $74,783

Program Service Revenue $22,548,787

Investment Income $884,742

Other Revenue $30,000

TOTAL REVENUE $23,538,312

Expense Breakdown

Grants Paid $586,926

Salaries & Benefits $12,174,311

Fundraising Expenses $0

Program Expenses $22,316,300

Other Expenses $11,956,371

TOTAL EXPENSES $24,717,608

Year-over-Year Comparison

	2024	2023	Change
Revenue	$23,538,312	$22,837,187	+0.0%
Expenses	$24,717,608	$22,200,696	+0.1%
Net Income	$-1,179,296	$636,491	-2.9%

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

N/A

Employees

288

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

$1,639,920

Total Directors

$4,558,808

Key Employees

$297,577

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HOWARD I ROTHSCHILD	EMPLOYER TRUSTEE	1.0	Director	$0	$23,892	$1,595,482
ROBERT SCHWARTZ	DEPUTY EMPLOYER TRUSTEE	1.0	Director	$0	$23,892	$573,616
PETER GOLDBERGER	EXECUTIVE DIRECTOR	1.0	Officer	$0	$41,186	$385,258
HARRY WEINBERG	DEPUTY EMPLOYER TRUSTEE	1.0	Director	$0	$23,892	$381,892
FARNAZ TAMARI	DIRECTOR, DENTAL CENTER	0.0	Highest	$0	$40,707	$347,218
STEVE JENKINS	DIRECTOR OF OPERATIONS	1.0	Officer	$0	$39,457	$340,303
ELAINE POMMELLS	DIRECTOR OF FINANCE/ADMIN	1.0	Officer	$0	$40,086	$329,622
RANDI FARBER	DIRECTOR, TECH & OPERATIONS	0.0	Highest	$0	$38,838	$324,222
ANTONIO RODRIGUEZ	DIRECTOR OF INVESTMENTS	0.0	Highest	$0	$38,831	$324,024
THOMAS ORMSBY	DIR. OF BILLING & EMPLOY. SVCS	0.0	Highest	$0	$38,415	$313,223
CORA OPSAHL	HEALTH FUND, DIRECTOR	0.0	Highest	$0	$38,139	$306,036
LINDA NELSON	DIRECTOR OF TRAINING FUND	35.0	Key Emp	$259,763	$37,814	$297,577
EMANUEL PASTREICH	UNION TRUSTEE - CHAIRMAN	1.0	Officer Director	$0	$66,757	$294,777
JOHN SANTOS	UNION TRUSTEE - SECY/TREAS.	1.0	Officer Director	$0	$69,838	$289,960
ELIZABETH BAKER	DEPUTY UNION TRUSTEE	1.0	Director	$0	$58,331	$245,872
SHIRLEY ALDEBOL	DPTY UNION TTEE-THRU 1/31/25	1.0	Director	$0	$62,700	$244,536
DENIS JOHNSTON	UNION TRUSTEE	1.0	Director	$0	$62,700	$242,250
CANDIS TALL	DEPUTY UNION TRUSTEE	1.0	Director	$0	$55,693	$238,057
LENORE FRIEDLANDER	DEPUTY UNION TRUSTEE	1.0	Director	$0	$63,290	$237,091
ANA MARIA HILL	DPTY UNION TRUSTEE EFF 1/31/25	1.0	Director	$0	$47,091	$186,742
LARRY ENGELSTEIN	UNION TRUSTEE	1.0	Director	$0	$0	$28,533
JEFFREY BRODSKY	EMPLOYER TRUSTEE	1.0	Director	$0	$0	$0
BROOKE JENKINS-LEWIS	EMPLOYER TRUSTEE	1.0	Director	$0	$0	$0
ANDREW HOFFMAN	EMPLOYER TRUSTEE EFF 2/12/25	1.0	Director	$0	$0	$0
FRED SURACE	DEPUTY EMPLOYER TRUSTEE	1.0	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	$23,538,312	$24,717,608	$23,629,028	$-1,179,296
2024	$22,837,187	$22,200,696	$24,270,877	$636,491
2023	$20,094,857	$20,877,776	$23,428,571	$-782,919
2022	$19,037,003	$18,544,418	$23,159,088	$492,585
2021	$18,661,986	$18,313,037	$24,265,152	$348,949
2020	$19,857,959	$18,319,557	$23,481,383	$1,538,402
2019	$17,802,064	$17,245,196	$20,657,435	$556,868
2018	$18,544,858	$16,166,374	$19,480,847	$2,378,484

THOMAS SHORTMAN TRAINING SCHOLARSHIP AND SAFETY FUND