UNITE HERE MID ATLANTIC TRAINING A… - Form 990 Financial Data

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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

2013

Legal Domicile

Principal Officer

MICHAEL MULLINS

Phone

2152323145

Tax Period

2023-01-01 to 2023-12-31

UNITE HERE MID ATLANTIC TRAINING AND SCHOLARSHIP FUND, founded in 2013, is a small nonprofit in the Education sector that reported $585K in total revenue in fiscal year 2023. Revenue surged 54% from the prior year, signaling strong growth momentum. Expenses of $502K left a modest 14% surplus.

Mission

TO PROVIDE SCHOLARSHIPS FOR THE EDUCATION OF DEPENDENTS OF ELIGIBLE MEMBERS AND TO PROVIDE TRAINING FOR MEMBERS TO BE EMPLOYED BY CONTRIBUTING EMPLOYERS.

Program Service Accomplishments

Program 1

Expenses: $16,106

PROVIDE SCHOLARSHIPS TO ELIGIBLE DEPENDENTS OF UNION MEMBERS

Program 2

Expenses: $434,456

TO PROVIDE TRAINING PROGRAMS TO TRAIN WORKERS TO BE ABLE TO IMPROVE THEIR SKILLS TO PERFORM THE WORK REQUIRED BY EMPLOYMENT WITH CONTRIBUTING EMPLOYERS.

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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 $585,037

Investment Income $0

Other Revenue $0

TOTAL REVENUE $585,037

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $450,562

Other Expenses $51,134

TOTAL EXPENSES $501,696

Year-over-Year Comparison

	2023	2022	Change
Revenue	$585,037	$379,309	+0.5%
Expenses	$501,696	$347,854	+0.4%
Net Income	$83,341	$31,455	+1.6%

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

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
ROSSLYN WUCHINICH	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL MULLINS	TRUSTEE	1.00	Director	$0	$0	$0
KATHARINE CRISTIANI	TRUSTEE	1.00	Director	$0	$0	$0
ROXIE HERBEKIAN	TRUSTEE	1.00	Director	$0	$0	$0
JO ANN BONGART	TRUSTEE	1.00	Director	$0	$0	$0
ANDREW HARRIS	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL BENNETT	TRUSTEE	1.00	Director	$0	$0	$0
TRACY LINGO	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	No data	No data	No data	No data
2023	$585,037	$501,696	$648,671	$83,341
2022	$379,309	$347,854	$565,330	$31,455
2021	$398,130	$24,004	$533,875	$374,126

UNITE HERE MID ATLANTIC TRAINING AND SCHOLARSHIP FUND