SMART LOCAL 265 EDUCATION AND TRAINING TRUST FUND

EIN: 366148078

DOWNERS GROVE, IL

Total Revenue
$3,453,127
Total Expenses
$2,999,745
Total Assets
$12,866,951
Net Assets
$5,004,515
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1966
Legal Domicile
IL
Principal Officer
MATT GUGALA
Phone
6306680110
Tax Period
2024-07-01 to 2025-06-30

SMART LOCAL 265 EDUCATION AND TRAINING TRUST FUND, founded in 1966, is a community nonprofit that reported $1.9M in total revenue in fiscal year 2019. Expenses of $1.9M left a modest 4% surplus.

Mission

THE PLAN WAS ESTABLISHED AS AN EDUCATION FUND FOR THE PROFESSIONAL TRADE EDUCATION OF SUBSTANTIALLY ALL PARTICIPATING PERSONS UNDER THE UNION'S COLLECTIVE BARGAINING AGREEMENT.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $31,932
Program Service Revenue $3,224,595
Investment Income $129,924
Other Revenue $66,676
TOTAL REVENUE $3,453,127

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,622,599
Fundraising Expenses $0
Other Expenses $1,291,641
TOTAL EXPENSES $2,999,745

Year-over-Year Comparison

2024 2023 Change
Revenue $3,453,127 $3,126,044 +0.1%
Expenses $2,999,745 $2,502,155 +0.2%
Net Income $453,382 $623,889 -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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Governance

Voting Members
10
Independent Members
10
Employees
12
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
0
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PAT HUDGENS TRUSTEE 3.00
Director
$0 $0 $0
RIC DAHLMAN TRUSTEE 3.00
Director
$0 $0 $0
HENRY ARTLIP TRUSTEE 3.00
Director
$0 $0 $0
TOM SYRON TRUSTEE 3.00
Director
$0 $0 $0
KEVIN GALASS TRUSTEE 3.00
Director
$0 $0 $0
KEN WIESBROOK TRUSTEE 3.00
Director
$0 $0 $0
BRIAN DAHLMAN TRUSTEE 3.00
Director
$0 $0 $0
BRIAN MCSHERRY TRUSTEE 3.00
Director
$0 $0 $0
JEFF LUKITSH TRUSTEE 3.00
Director
$0 $0 $0
MATT GUGALA TRUSTEE 3.00
Director
$0 $0 $0
JOHN DANIEL FORMER TRUSTEE 3.00
Director
$0 $0 $0
JOSEPH CARONE INSTRUCTOR 40.00
Highest
$154,851 $77,057 $231,908
ANTHONY AARNS INSTRUCTOR 40.00
Highest
$140,575 $71,972 $212,547
KELLY MARCELLIS INSTRUCTOR 40.00
Highest
$143,562 $71,826 $215,388
DENNIS MORAN DIRECTOR OF TRAINING 40.00
Highest
$143,051 $69,675 $212,726
CHRISTOPHER JAMES INSTRUCTOR 40.00
Highest
$133,618 $70,260 $203,878
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 $3,453,127 $2,999,745 $12,866,951 $453,382
2024 $3,126,044 $2,502,155 $4,628,253 $623,889
2023 $2,813,398 $2,366,980 $4,014,087 $446,418
2022 $2,643,973 $2,173,161 $3,574,404 $470,812
2021 $2,168,199 $1,872,017 $3,239,984 $296,182
2020 $1,936,364 $1,867,727 $2,781,455 $68,637
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