PENNSYLVANIA LABORERS' EDUCATION AND TRAINING TRUST FUND

EIN: 251582056

SAXONBURG, PA

Total Revenue
$2,670,139
Total Expenses
$2,949,985
Total Assets
$9,900,397
Net Assets
$9,896,982
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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
1992
Legal Domicile
PA
Principal Officer
PHILIP AMERIS
Phone
7243522224
Tax Period
2024-01-01 to 2024-12-31

PENNSYLVANIA LABORERS' EDUCATION AND TRAINING TRUST FUND, founded in 1992, is a community nonprofit that reported $2.7M in total revenue in fiscal year 2024. Revenue decreased 19% compared to the prior year. Expenses of $2.9M exceeded revenue, resulting in a 10% operating deficit.

Mission

TO PROVIDE TRAINING PROGRAMS THAT PRIMARILY COVER VOCATIONAL ADVANCEMENT AND SAFETY ENHANCEMENT TO THE UNION LABORERS WHO RESIDE IN 62 COUNTIES OF PENNSYLVANIA.

Program Service Accomplishments

Program 1

TRAINING PROGRAMS RELATING TO VOCATIONAL ADVANCEMENT AND ENHANCED SAFETY FOR THE UNION LABORERS WHO RESIDE IN 62 COUNTIES OF PENNSYLVANIA.

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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 (2024)

Revenue Breakdown

Contributions & Grants $250,000
Program Service Revenue $2,166,119
Investment Income $239,880
Other Revenue $14,140
TOTAL REVENUE $2,670,139

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,676,247
Fundraising Expenses $0
Other Expenses $1,273,738
TOTAL EXPENSES $2,949,985

Year-over-Year Comparison

2024 2023 Change
Revenue $2,670,139 $3,313,510 -0.2%
Expenses $2,949,985 $2,652,971 +0.1%
Net Income $-279,846 $660,539 -1.4%
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
8
Independent Members
8
Employees
14
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
2
$0
Total Directors
8
$0
Key Employees
1
$230,876
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PHILIP AMERIS UNION TRUSTEE/CHAIRMAN 1.00
Officer Director
$0 $0 $0
RICHARD BARCASKEY EMPLOYER TRUSTEE/SEC/TR. 1.00
Officer Director
$0 $0 $0
ROBERT FURKA UNION TRUSTEE 1.00
Director
$0 $0 $0
STEVE REED EMPLOYER TRUSTEE 1.00
Director
$0 $0 $0
GENA L SHINGLE EMPLOYER TRUSTEE 1.00
Director
$0 $0 $0
MARK TOY UNION TRUSTEE 1.00
Director
$0 $0 $0
JON O'BRIEN EMPLOYER TRUSTEE 1.00
Director
$0 $0 $0
MIKE KNECHT UNION TRUSTEE 1.00
Director
$0 $0 $0
MARC R FERRARI ADMINISTRATOR 40.00
Key Emp
$181,601 $49,275 $230,876
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 $2,670,139 $2,949,985 $9,900,397 $-279,846
2023 $3,313,510 $2,652,971 $10,008,698 $660,539
2022 $2,444,869 $2,167,786 $8,103,005 $277,083
2021 $2,131,384 $1,908,612 $8,497,456 $222,772
2020 $2,470,846 $1,888,041 $8,190,719 $582,805
2019 $2,958,897 $2,005,774 $7,480,945 $953,123
2018 $3,772,068 $1,764,495 $6,198,756 $2,007,573
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