LOCAL 1010 APPRENTICESHIP SKILL IMPROVEMENT AND TRAINING FUND (EIN 273157473) - 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

2010

Legal Domicile

Phone

7188863310

Tax Period

2024-07-01 to 2025-06-30

LOCAL 1010 APPRENTICESHIP SKILL IMPROVEMENT AND TRAINING FUND, founded in 2010, is a community nonprofit in the Employment sector that reported $3.8M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.3M, a strong 33% operating margin.

Mission

TO PROVIDE APPRENTICESHIP AND TRAINING BENEFITS TO EMPLOYEES COVERED BY COLLECTIVE BARGAINING AGREEMENTS AND TO SUCH OTHER EMPLOYEES BOUND BY THE AGREEMENT AND DECLARATION OF TRUST.

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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 $0

Program Service Revenue $3,516,145

Investment Income $282,960

Other Revenue $0

TOTAL REVENUE $3,799,105

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,340,415

Fundraising Expenses $0

Other Expenses $1,197,185

TOTAL EXPENSES $2,537,600

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,799,105	$3,374,193	+0.1%
Expenses	$2,537,600	$2,366,032	+0.1%
Net Income	$1,261,505	$1,008,161	+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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEITH LOSCALZO	UNION TRUSTEE	1.00	Director	$0	$0	$0
FRANCISCO FERNANDEZ	UNION TRUSTEE	1.00	Director	$0	$0	$0
CAROL SIGMOND	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
ROBERT WESSELS	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
ANTONIO BARBOSA	INSTRUCTOR - THRU 1/2025	40.00	Highest	$235,668	$74,383	$310,051
ARMANDO J VALERIANO	DIRECTOR	40.00	Highest	$235,302	$123,792	$359,094
JOHN SESTAYO	INSTRUCTOR	40.00	Highest	$205,702	$115,050	$320,752
DAVID LOPEZ	INSTRUCTOR - EFF 1/2025	40.00	Highest	$124,690	$94,039	$218,729

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	$3,799,105	$2,537,600	$14,109,363	$1,261,505
2024	$3,374,193	$2,366,032	$12,463,567	$1,008,161
2023	$2,738,286	$2,181,104	$10,064,506	$557,182
2022	$3,195,138	$1,976,347	$8,525,635	$1,218,791
2021	$2,539,292	$1,686,661	$8,392,340	$852,631
2020	$3,335,380	$1,549,959	$7,078,278	$1,785,421
2019	$3,116,421	$1,464,788	$5,451,964	$1,651,633

LOCAL 1010 APPRENTICESHIP SKILL IMPROVEMENT AND TRAINING FUND