LOCAL UNION NO 56 ELECTRICAL EDUCATIONAL TRUST FUND (EIN 250568217) - 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

1962

Legal Domicile

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

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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 $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

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

Total Directors

$280,037

Key Employees

Highest Compensated

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
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

LOCAL UNION NO 56 ELECTRICAL EDUCATIONAL TRUST FUND