ABATEMENT WORKERS LOCAL #207 JOINT TRAINING FUND (EIN 383017672) - 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

1989

Legal Domicile

Phone

7379471745

Tax Period

2024-06-01 to 2025-05-31

ABATEMENT WORKERS LOCAL #207 JOINT TRAINING FUND, founded in 1989, is a small nonprofit in the Employment sector that reported $388K in total revenue in fiscal year 2024. Revenue fell 20% from the prior year — a significant decline worth monitoring. Expenses of $499K exceeded revenue, resulting in a 29% operating deficit.

Mission

TRAINING ASBESTOS ABATEMENT WORKERS

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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 $0

Program Service Revenue $216,657

Investment Income $2,847

Other Revenue $168,130

TOTAL REVENUE $387,634

Expense Breakdown

Grants Paid $0

Salaries & Benefits $225,666

Fundraising Expenses $0

Program Expenses $498,761

Other Expenses $273,095

TOTAL EXPENSES $498,761

Year-over-Year Comparison

	2024	2023	Change
Revenue	$387,634	$484,778	-0.2%
Expenses	$498,761	$489,441	+0.0%
Net Income	$-111,127	$-4,663	+22.8%

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

$43,004

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Neil Stamp	Trustee	1.00	Director	$0	$0	$0
Michael Berg	Trustee	1.00	Director	$0	$0	$0
Thomas Dyl	Trustee	1.00	Director	$0	$0	$0
Douglas Ripple	Administrator	1.00	Director	$0	$0	$0
Owen Thornton	Trustee	1.00	Director	$0	$0	$0
Kevin Meagher	Training Director	1.00	Key Emp	$43,004	$0	$43,004
Shawn Holeman	Trustee	1.00	Director	$0	$0	$0
Wade Edwards	Trustee	1.00	Director	$0	$0	$0
Forrest Russell	Trustee	1.00		$0	$0	$0
George Lesko	Trustee	1.00		$0	$0	$0

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	$387,634	$498,761	$64,378	$-111,127
2024	$484,778	$489,441	$175,331	$-4,663
2023	$505,239	$493,074	$181,128	$12,165
2022	$578,612	$472,867	$167,992	$105,745
2021	$448,697	$474,981	$61,289	$-26,284

ABATEMENT WORKERS LOCAL #207 JOINT TRAINING FUND