LOCAL UNION NO 56 ELECTRICAL EDUCATIONAL TRUST FUND

EIN: 250568217

ERIE, PA

Total Revenue
$414,143
Total Expenses
$298,111
Total Assets
$1,022,575
Net Assets
$999,225
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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
1962
Legal Domicile
PA
Principal Officer
BRENT BRICKER
Phone
4128255505
Tax Period
2023-12-01 to 2024-11-30

LOCAL UNION NO 56 ELECTRICAL EDUCATIONAL TRUST FUND, founded in 1962, is a small nonprofit that reported $414K in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year. The organization ran a surplus of $116K, a strong 28% operating margin.

Mission

TO PROVIDE APPRENTICES ELECTRICAL TRAINING EDUCATION AND PROGRAMS FOR ADVANCEMENT IN THE UNION AND ELECTRICAL INDUSTRY

Program Service Accomplishments

Program 1

SCHOOL WORKSHOPS AND TRAINING ACTIVITIES. CLASS SIZE VARIES ACCORDING TO SUBJECT MATTER. PROMOTION OF ELECTRICAL INDUSTRY.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $387,577
Investment Income $21,412
Other Revenue $5,154
TOTAL REVENUE $414,143

Expense Breakdown

Grants Paid $0
Salaries & Benefits $172,695
Fundraising Expenses $0
Other Expenses $125,416
TOTAL EXPENSES $298,111

Year-over-Year Comparison

2023 2022 Change
Revenue $414,143 $446,684 -0.1%
Expenses $298,111 $269,628 +0.1%
Net Income $116,032 $177,056 -0.3%
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

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Governance

Voting Members
7
Independent Members
3
Employees
15
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
0
$0
Total Directors
8
$280,037
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMES C NUBER TRAINING DIRECTOR 5.00
Director
$0 $49,914 $144,095
MATTHEW FUHRMAN ASST. DIRECTOR/TRUSTEE - PRIOR 20.00
Director
$0 $45,309 $132,224
SCOTT MURDOCK TRUSTEE / COMMITTEE MEMBER 1.00
Director
$0 $0 $0
JEFF BARTLETT TRUSTEE / COMMITTEE MEMBER 1.00
Director
$0 $0 $0
ED KARGOL TRUSTEE / COMMITTEE MEMBER 1.00
Director
$0 $0 $0
JEFF NELSON TRUSTEE / COMMITTEE MEMBER 1.00
Director
$1,506 $632 $2,138
KEN LUMA TRUSTEE / COMMITTEE MEMBER 1.00
Director
$958 $622 $1,580
BRENT BRICKER ASST. DIRECTOR/TRUSTEE - NEW 20.00
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 $414,143 $298,111 $1,022,575 $116,032
2023 $446,684 $269,628 $894,904 $177,056
2022 $449,201 $308,840 $673,377 $140,361
2021 $384,549 $293,766 $593,630 $90,783
2020 $372,524 $291,494 $510,191 $81,030
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