LOCAL #63 EDUCATIONAL TRUST FUND (EIN 376033209) - 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

DAVID MAROON JR

Phone

3096993570

Tax Period

2024-05-01 to 2025-04-30

LOCAL #63 EDUCATIONAL TRUST FUND, founded in 1980, is a small nonprofit that reported $369K in total revenue in fiscal year 2024. The organization ran a surplus of $75K, a strong 20% operating margin.

Mission

TO PROVIDE INSTRUCTION OF PROFESSIONAL TECHNIQUES AND STANDARDS TO APPRENTICE PLUMBERS THROUGH A 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 $5,000

Program Service Revenue $345,448

Investment Income $7,331

Other Revenue $10,821

TOTAL REVENUE $368,600

Expense Breakdown

Grants Paid $0

Salaries & Benefits $125,305

Fundraising Expenses $0

Other Expenses $168,748

TOTAL EXPENSES $294,053

Year-over-Year Comparison

	2024	2023	Change
Revenue	$368,600	$348,564	+0.1%
Expenses	$294,053	$272,503	+0.1%
Net Income	$74,547	$76,061	0.0%

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

$38,888

Total Directors

$6,138

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
QUINT KOEHL	TRUSTEE	1.00	Director	$0	$0	$0
DON DEAKIN	TRUSTEE	1.00	Director	$865	$0	$865
THOMAS SMITH	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL BOUC	TRUSTEE	1.00	Director	$5,273	$0	$5,273
SCOTT CICCIARELLI	TRUSTEE	1.00	Director	$0	$0	$0
DAVID MAROON	TRUSTEE	12.00	Director	$0	$0	$0
TOM SPEARS	TRAINING COORDINATOR	20.00	Officer	$38,888	$0	$38,888

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	$368,600	$294,053	$1,075,779	$74,547
2024	$348,564	$272,503	$1,001,408	$76,061
2023	$294,672	$293,217	$928,515	$1,455
2022	$249,977	$241,711	$943,409	$8,266
2021	$284,675	$236,469	$943,339	$48,206
2020	$248,999	$238,723	$892,601	$10,276
2019	$244,678	$292,354	$888,821	$-47,676
2018	$224,854	$269,251	$932,305	$-44,397

LOCAL #63 EDUCATIONAL TRUST FUND