OPCMIA Local 526 Joint Apprentice Education and Training Fund (EIN 251556487) - 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

1989

Legal Domicile

Principal Officer

Kenneth R Harmon

Phone

4127616166

Tax Period

2024-06-01 to 2025-05-31

OPCMIA Local 526 Joint Apprentice Education and Training Fund, founded in 1989, is a small nonprofit that reported $600K in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. The organization ran a surplus of $142K, a strong 24% operating margin.

Mission

APPRENTICESHIP FUND

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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 $100,000

Program Service Revenue $497,526

Investment Income $1,459

Other Revenue $846

TOTAL REVENUE $599,831

Expense Breakdown

Grants Paid $0

Salaries & Benefits $198,480

Fundraising Expenses $0

Other Expenses $259,032

TOTAL EXPENSES $457,512

Year-over-Year Comparison

	2024	2023	Change
Revenue	$599,831	$497,105	+0.2%
Expenses	$457,512	$431,972	+0.1%
Net Income	$142,319	$65,133	+1.2%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CAMERON RUPERT	TRUSTEE	1.00	Director	$0	$0	$0
MIKE MAGGIO	TRUSTEE	1.00	Director	$0	$0	$0
DAVID DAQUELENTE	TRUSTEE	1.00	Director	$0	$0	$0
RICHARD BARCASKEY	TRUSTEE	1.00	Director	$0	$0	$0
KEN HARMON	TRUSTEE	1.00	Director	$0	$0	$0
JOHN SWENGLISH	TRUSTEE	1.00	Director	$0	$0	$0
FRED EPISCOPO	TRUSTEE	1.00	Director	$0	$0	$0
LORENZO SCIULLI	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	$599,831	$457,512	$753,967	$142,319
2024	$497,105	$431,972	$637,368	$65,133
2023	$445,498	$442,588	$603,231	$2,910
2022	$355,463	$472,220	$567,776	$-116,757
2021	$317,322	$203,982	$603,772	$113,340
2020	$323,788	$233,447	$491,484	$90,341
2019	$305,984	$218,993	$406,204	$86,991
2018	$196,388	$215,747	$311,634	$-19,359

OPCMIA Local 526 Joint Apprentice Education and Training Fund