LABOR EDUCATION & TRAINING CENTER INC (EIN 391852871) - 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

1996

Legal Domicile

Principal Officer

BRAD SCHWANDA

Phone

7154216966

Tax Period

2023-07-01 to 2024-06-30

LABOR EDUCATION & TRAINING CENTER INC, founded in 1996, is a micro nonprofit that reported $14K in total revenue in fiscal year 2023. Revenue fell 99% from the prior year — a significant decline worth monitoring. Expenses of $16K exceeded revenue, resulting in a 12% operating deficit.

Mission

ASSIST DISLOCATED WORKERS AND ECONOMICALLY DISADVANTAGED ADULTS AND YOUTH VIA ASSESSMENT, CASE MANAGEMENT, REFERRAL TO EMPLOYMENT AND TRAINING PROGRAMS AND ASSISTANCE WITH JOB PLACEMENT IN THE STATE OF WISCONSIN.

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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 (2023)

Revenue Breakdown

Contributions & Grants $8,954

Program Service Revenue $0

Investment Income $0

Other Revenue $5,057

TOTAL REVENUE $14,011

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $15,737

TOTAL EXPENSES $15,737

Year-over-Year Comparison

	2023	2022	Change
Revenue	$14,011	$1,042,944	-1.0%
Expenses	$15,737	$1,043,124	-1.0%
Net Income	$-1,726	$-180	+8.6%

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

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
BRAD SCHWANDA	BOARD CHAIR	0.01	Officer Director	$0	$0	$0
MICHAEL CHILDERS	BOARD MEMBER	0.01	Director	$0	$0	$0
DIANN FECHTER	BOARD MEMBER	0.01	Director	$0	$0	$0
JASON WILCOX	BOARD MEMBER	0.01	Director	$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
2024	$14,011	$15,737	No data	$-1,726
2023	$1,042,944	$1,043,124	$102,380	$-180
2022	$1,093,602	$1,097,322	$106,778	$-3,720
2021	$1,084,915	$1,084,174	$135,669	$741

LABOR EDUCATION & TRAINING CENTER INC