SEIU LOCAL 2015 LONG TERM CARE WOR… - Form 990 Financial Data

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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

Principal Officer

DERECK SMITH

Phone

2139850463

Tax Period

2023-01-01 to 2023-12-31

SEIU LOCAL 2015 LONG TERM CARE WORKERS EDUCATION AND TRAINING TRUST FUND, founded in 2010, is a small nonprofit in the Employment sector that reported $810K in total revenue in fiscal year 2023. Revenue surged 43% from the prior year, signaling strong growth momentum. Expenses of $756K left a modest 7% surplus.

Mission

THE PURPOSE OF THE FUND IS TO EDUCATE AND TRAIN INDIVIDUALS IN THE LONG TERM CARE AND NURSING HOME INDUSTRIES.

Program Service Accomplishments

Program 1

THE PURPOSE OF THE FUND IS TO EDUCATE AND TRAIN INDIVIDUALS IN THE LONG TERM CARE AND NURSING HOME INDUSTRIES.

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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 $784,571

Investment Income $1,943

Other Revenue $23,594

TOTAL REVENUE $810,108

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $756,441

TOTAL EXPENSES $756,441

Year-over-Year Comparison

	2023	2022	Change
Revenue	$810,108	$565,487	+0.4%
Expenses	$756,441	$805,456	-0.1%
Net Income	$53,667	$-239,969	-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

N/A

Employees

N/A

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

$625,771

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ARNULFO DE LA CRUZ	UNION TRUSTEE	1.00	Director	$0	$76,832	$357,459
DAVID WERLIN	UNION TRUSTEE	1.00	Director	$0	$60,575	$265,090
CHIMERE RANDELL	UNION TRUSTEE	1.00	Director	$0	$0	$3,222
JOHN BOWEN	MANAGEMENT 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
2024	No data	No data	No data	No data
2023	$810,108	$756,441	$369,523	$53,667
2022	$565,487	$805,456	$257,294	$-239,969
2021	$679,714	$669,981	$563,375	$9,733
2020	$736,436	$481,133	$542,691	$255,303
2019	$699,472	$1,044,732	$409,509	$-345,260
2018	$668,799	$1,019,267	$707,871	$-350,468

SEIU LOCAL 2015 LONG TERM CARE WORKERS EDUCATION AND TRAINING TRUST FUND