SMART LOCAL 265 EDUCATION AND TRAI… - 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

1966

Legal Domicile

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 $3.5M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $3.0M left a modest 13% surplus.

Mission

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

Program Service Accomplishments

Program 1

PROFESSIONAL TRADE EDUCATION PROGRAM FOR THE PURPOSE OF TRAINING INDIVIDUALS.

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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 (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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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
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

SMART LOCAL 265 EDUCATION AND TRAINING TRUST FUND