ASBESTOS WORKERS LOCAL 1 VACATION TRUST FUND (EIN 431575419) - 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

1991

Legal Domicile

Principal Officer

GERALD MCATEE

Phone

3142917399

Tax Period

2023-10-01 to 2024-09-30

ASBESTOS WORKERS LOCAL 1 VACATION TRUST FUND, founded in 1991, is a community nonprofit that reported $2.5M in total revenue in fiscal year 2023.

Mission

ADMINISTER COLLECTION & DISTRIBUTION OF VACATION BENEFITS

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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 $0

Program Service Revenue $2,493,461

Investment Income $36,626

Other Revenue $3,402

TOTAL REVENUE $2,533,489

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $145,265

TOTAL EXPENSES $2,487,163

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,533,489	$2,448,968	+0.0%
Expenses	$2,487,163	$2,401,846	+0.0%
Net Income	$46,326	$47,122	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

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
GARY PAYEUR	TRUSTEE	1.00	Director	$0	$0	$0
GERALD MCATEE	TRUSTEE	1.00	Director	$0	$0	$0
PAT SIDNEY	TRUSTEE	1.00	Director	$0	$0	$0
DAVID SIDNEY	TRUSTEE	1.00	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	$2,533,489	$2,487,163	$1,277,036	$46,326
2023	$2,448,968	$2,401,846	$1,402,846	$47,122
2022	$2,484,333	$2,502,713	$1,333,463	$-18,380
2021	$2,312,861	$2,278,698	$1,374,887	$34,163
2020	$2,145,014	$2,166,698	$1,108,521	$-21,684
2019	$2,573,468	$2,542,697	$1,054,847	$30,771
2018	$2,320,903	$2,346,323	$945,657	$-25,420

ASBESTOS WORKERS LOCAL 1 VACATION TRUST FUND