LOCAL 374 DEVELOPMENT AND TRAINING FUND (EIN 351757364) - 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

1988

Legal Domicile

Principal Officer

BRAD SIEVERS

Phone

2198441000

Tax Period

2023-07-01 to 2024-06-30

LOCAL 374 DEVELOPMENT AND TRAINING FUND, founded in 1988, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2023. Expenses of $1.2M left a modest 11% surplus.

Mission

DEVELOPMENT AND TRAINING 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,292,955

Investment Income $38,790

Other Revenue $24,175

TOTAL REVENUE $1,355,920

Expense Breakdown

Grants Paid $0

Salaries & Benefits $534,876

Fundraising Expenses $0

Other Expenses $674,522

TOTAL EXPENSES $1,209,398

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,355,920	$1,384,000	0.0%
Expenses	$1,209,398	$1,071,124	+0.1%
Net Income	$146,522	$312,876	-0.5%

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
ISMAEL SULIVAN	TRUSTEE	1.00	Director	$0	$0	$0
LAWRENCE MCMANAMON	TRUSTEE-PAST	1.00	Director	$0	$0	$0
DAVID WILLIS	TRUSTEE	1.00	Director	$0	$0	$0
JEFF SPINKS	TRUSTEE - NEW	1.00	Director	$0	$0	$0
BRAD SIEVERS	TRUSTEE - NEW	1.00	Director	$0	$0	$0
BRIAN DOWDEN	TRUSTEE	1.00	Director	$0	$0	$0
SCOTT HOLLAND	TRUSTEE	1.00	Director	$0	$0	$0
JOHN MOONEY	TRUSTEE - PAST	1.00	Director	$0	$0	$0
NICHOLAS TOKARZ	TRAINING DIRECTOR	55.00	Highest	$112,427	$75,191	$187,618

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	$1,355,920	$1,209,398	$1,960,295	$146,522
2023	$1,384,000	$1,071,124	$1,879,864	$312,876
2022	$1,336,193	$1,040,923	$1,330,061	$295,270
2021	$750,879	$850,037	$1,044,890	$-99,158
2020	$1,042,592	$1,246,596	$1,074,398	$-204,004
2019	$1,165,619	$1,274,086	$1,264,124	$-108,467

LOCAL 374 DEVELOPMENT AND TRAINING FUND