STEAMFITTERS UA LOCAL 353 EDUCATIONAL TRUST FUND (EIN 376033208) - 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

1980

Legal Domicile

Principal Officer

MICHAEL HOWARD

Phone

3096331353

Tax Period

2024-05-01 to 2025-04-30

STEAMFITTERS UA LOCAL 353 EDUCATIONAL TRUST FUND, founded in 1980, is a small nonprofit that reported $984K in total revenue in fiscal year 2024. Expenses of $886K left a modest 10% surplus.

Mission

OPERATION OF TRAINING PROGRAM

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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 $24,100

Program Service Revenue $779,556

Investment Income $33,979

Other Revenue $145,956

TOTAL REVENUE $983,591

Expense Breakdown

Grants Paid $0

Salaries & Benefits $190,507

Fundraising Expenses $0

Program Expenses $764,071

Other Expenses $695,453

TOTAL EXPENSES $885,960

Year-over-Year Comparison

	2024	2023	Change
Revenue	$983,591	$1,006,649	0.0%
Expenses	$885,960	$838,645	+0.1%
Net Income	$97,631	$168,004	-0.4%

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

$195,732

Total Directors

$473

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRICK O'BRIEN	REC SEC	1.00	Officer Director	$0	$0	$0
JEFF FRIEDEN	TRUSTEE	1.00	Director	$0	$0	$0
MATTHEW MCCREARY	TRUSTEE	1.00	Director	$473	$0	$473
SHAUN HOWARD	TRUSTEE	1.00	Director	$0	$0	$0
ROB GIRARD	TRUSTEE	1.00	Officer Director	$0	$0	$0
JASON COOK	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL HOWARD	TRAINING COORDINATOR	40.00	Officer	$896	$81,476	$195,732

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	$983,591	$885,960	$2,617,839	$97,631
2024	$1,006,649	$838,645	$2,515,710	$168,004
2023	$971,535	$875,260	$2,350,095	$96,275
2022	$678,288	$649,304	$2,247,218	$28,984
2021	$553,578	$560,360	$2,265,126	$-6,782
2020	$521,480	$586,854	$2,189,838	$-65,374
2019	$591,013	$632,265	$2,266,691	$-41,252
2018	$527,229	$670,905	$2,285,272	$-143,676

STEAMFITTERS UA LOCAL 353 EDUCATIONAL TRUST FUND