LOCAL 25 IUOE MARINE DIVISION JOINT UNION/EMPLOYER TRAINING FUND (EIN 421615336) - 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

2004

Legal Domicile

Phone

7324466262

Tax Period

2024-01-01 to 2024-12-31

LOCAL 25 IUOE MARINE DIVISION JOINT UNION/EMPLOYER TRAINING FUND, founded in 2004, is a micro nonprofit in the Employment sector that reported $30K in total revenue in fiscal year 2024. Revenue fell 83% from the prior year — a significant decline worth monitoring. Expenses of $111K exceeded revenue, resulting in a 277% operating deficit.

Mission

TO PROVIDE AND MAINTAIN TRAINING, RE-TRAINING AND EDUCATIONAL PROGRAMS FOR PARTICIPANTS.

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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 $13,687

Investment Income $15,893

Other Revenue $0

TOTAL REVENUE $29,580

Expense Breakdown

Grants Paid $81,367

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $30,004

TOTAL EXPENSES $111,371

Year-over-Year Comparison

	2024	2023	Change
Revenue	$29,580	$172,756	-0.8%
Expenses	$111,371	$197,654	-0.4%
Net Income	$-81,791	$-24,898	+2.3%

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

N/A

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
ANTHONY GONSIEWSKI	UNION TRUSTEE	1.00	Officer	$0	$0	$0
TIMOTHY WECKWERTH	EMPLYR TRUSTEE	1.00	Officer	$0	$0	$0
STEPHEN NEWTON	EMPLYR TRUSTEE	1.00	Officer	$0	$0	$0
JASON CAMPBELL	EMPLYR TRUSTEE	1.00	Officer	$0	$0	$0
SCOTT REEVES	UNION TRUSTEE	1.00	Officer	$0	$0	$0
ANTHONY STEWART	UNION TRUSTEE - THRU 8/24	1.00	Officer	$0	$0	$0
GEORGE M GOODLOE JR	UNION TRUSTEE - EFF 9/24	1.00	Officer	$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	$29,580	$111,371	$805,256	$-81,791
2023	$172,756	$197,654	$848,908	$-24,898
2022	$30,950	$188,080	$977,311	$-157,130
2021	$62,216	$135,663	$1,281,638	$-73,447
2020	$45,032	$143,618	$1,410,816	$-98,586
2019	$226,130	$185,768	$1,400,322	$40,362
2018	$508,791	$209,434	$1,215,259	$299,357

LOCAL 25 IUOE MARINE DIVISION JOINT UNION/EMPLOYER TRAINING FUND