DISTRICT COUNCIL 50 JOINT APPRENTICESHIP & TRAINING FUND (EIN 320393628) - 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

2012

Legal Domicile

Principal Officer

JOHN FRIGILLANA JR LAR

Phone

8085239411

Tax Period

2023-01-01 to 2023-12-31

DISTRICT COUNCIL 50 JOINT APPRENTICESHIP & TRAINING FUND, founded in 2012, is a community nonprofit in the Employment sector that reported $3.0M in total revenue in fiscal year 2023. The organization ran a surplus of $690K, a strong 23% operating margin.

Mission

TO PROVIDE EDUCATIONAL BENEFITS TO PARTICIPANTS AND THEIR BENEFICIARIES SATISFYING CERTAIN ELIGIBILITY REQUIREMENTS.

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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 $2,966,138

Investment Income $80,537

Other Revenue $1,154

TOTAL REVENUE $3,047,829

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,152,460

Fundraising Expenses $0

Other Expenses $1,205,206

TOTAL EXPENSES $2,357,666

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,047,829	$2,988,424	+0.0%
Expenses	$2,357,666	$2,006,861	+0.2%
Net Income	$690,163	$981,563	-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
LARI BLOOM	MGMT TRUSTEE - LU1791	0.25	Director	$0	$0	$0
DEAN NAGATOSHI	MGMT TRUSTEE - LU1791 (ALT	0.25	Director	$0	$0	$0
VINCENT NIHIPALI	MGMT TRUSTEE - LU1944	0.25	Director	$0	$0	$0
BARBARA KONO	MGMT TRUSTEE - LU1944	0.25	Director	$0	$0	$0
BRENT SHIMOKAWA	MGMT TRUSTEE - LU1926	0.25	Director	$0	$0	$0
MARC MATSUBARA	MGMT TRUSTEE - LU1926 (ALT	0.25	Director	$0	$0	$0
RYDEN VALMOJA	UNION TRUSTEE - LU1791	0.25	Director	$0	$0	$0
ROBIN SCHLITZKUS	UNION TRUSTEE - LU1791 (AL	0.25	Director	$0	$0	$0
JOHN FRIGILLANA JR	UNION TRUSTEE - LU1944	0.25	Director	$0	$0	$0
CASEY NIHIPALI	UNION TRUSTEE - LU1944 (AL	0.25	Director	$0	$0	$0
DOUGLAS KEMA JR	UNION TRUSTEE - LU1926	0.25	Director	$0	$0	$0
KARL SINCLAIR	MGMT TRUSTEE - LU1944 (ALT)	0.25	Director	$0	$0	$0
DWAYNE ARELLIANO	UNION TRUSTEE - LU1889	0.25	Director	$0	$0	$0
CHRISTOPHER KNITTER	MGMT TRUSTEE - LU1889 (ALT	0.25	Director	$0	$0	$0
JOHN MATHIAS	MGMT TRUSTEE - LU1889	0.25	Director	$0	$0	$0
BREANNE GERONIMO	DIRECTOR OF TRAINING	40.00	Highest	$111,683	$66,168	$177,851
MARIO MANRIQUE JR	TRAINING COORDINATOR - LU	40.00	Highest	$106,213	$73,131	$179,344
PATERNO ASUNCION	TRAINING COORDINATOR - LU	40.00	Highest	$106,683	$77,762	$184,445
ORLANDO GANTE	TRAINING COORDINATOR - LU	40.00	Highest	$106,683	$66,064	$172,747

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	$3,047,829	$2,357,666	$7,800,319	$690,163
2022	$2,988,424	$2,006,861	$6,689,802	$981,563
2021	$2,570,431	$2,170,740	$6,158,713	$399,691
2020	$2,205,317	$2,067,931	$5,853,555	$137,386
2019	$2,009,665	$1,852,400	$5,635,898	$157,265
2018	$1,973,351	$2,002,511	$5,337,513	$-29,160

DISTRICT COUNCIL 50 JOINT APPRENTICESHIP & TRAINING FUND