TEAMSTERS UNION LOCAL 142 TRAINING AND APPRENTICESHIP TRUST FUND (EIN 351976062) - 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

1996

Legal Domicile

Principal Officer

HARVEY JACKSON

Phone

2199491550

Tax Period

2023-01-01 to 2023-12-31

TEAMSTERS UNION LOCAL 142 TRAINING AND APPRENTICESHIP TRUST FUND, founded in 1996, is a small nonprofit that reported $750K in total revenue in fiscal year 2023. Revenue grew 20% year-over-year, indicating healthy expansion. Net assets of $3.5M represent 57 months of operating reserves.

Mission

TRAINING TRUST 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 $685,357

Investment Income $51,935

Other Revenue $13,138

TOTAL REVENUE $750,430

Expense Breakdown

Grants Paid $0

Salaries & Benefits $460,694

Fundraising Expenses $0

Other Expenses $341,626

TOTAL EXPENSES $802,320

Year-over-Year Comparison

	2023	2022	Change
Revenue	$750,430	$625,613	+0.2%
Expenses	$802,320	$814,295	0.0%
Net Income	$-51,890	$-188,682	-0.7%

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

$166,643

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID AUSTGEN	TRUSTEE	1.00	Director	$0	$0	$0
HARVEY JACKSON	TRUSTEE	1.00	Director	$0	$0	$0
JEFF CARLSON	TRUSTEE	1.00	Director	$0	$0	$0
JEFF SWAN	TRUSTEE	1.00	Director	$0	$0	$0
MIKE TOTH	TRUSTEE	1.00	Director	$0	$0	$0
JEFF GIDEON	TRUSTEE	1.00	Director	$0	$0	$0
CHARLES GAMBLIN	CERTIFIED TRAINER	40.00	Officer	$102,057	$64,586	$166,643

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	$750,430	$802,320	$3,539,852	$-51,890
2022	$625,613	$814,295	$3,591,742	$-188,682
2021	$449,948	$602,211	$3,780,424	$-152,263
2020	$443,718	$570,479	$3,932,687	$-126,761
2019	$493,769	$575,770	$4,061,842	$-82,001
2018	$441,071	$536,493	$4,141,449	$-95,422

TEAMSTERS UNION LOCAL 142 TRAINING AND APPRENTICESHIP TRUST FUND