LOCAL 624 TRAINING PROGRAM

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2015

Legal Domicile

Principal Officer

ROYCE COBY GRAVES

Phone

6013533914

Tax Period

2024-01-01 to 2024-12-31

LOCAL 624 TRAINING PROGRAM, founded in 2015, is a small nonprofit in the Employment sector that reported $468K in total revenue in fiscal year 2024. Revenue surged 33% from the prior year, signaling strong growth momentum. The organization ran a surplus of $165K, a strong 35% operating margin.

Mission

PROGRAM SERVICES: PROVIDE EDUCATION, TRAINING AND INSTRUCTION FOR HEAVY EQUIPMENT OPERATION AND MAINTENANCE TO TRAINEES/APPRENTICES. FUNDING IS PROVIDED BY THE EMPLOYERS WHO MAKE PAYMENTS TO THE TRAINING PROGRAM TO PROVIDE BENEFITS TO COVERED EMPLOYEES.

Program Service Accomplishments

Program 1

PROGRAM SERVICES: PROVIDE EDUCATION, TRAINING AND INSTRUCTION FOR HEAVY EQUIPMENT OPERATION AND MAINTENANCE TO TRAINEES/APPRENTICES. FUNDING IS PROVIDED BY THE EMPLOYERS WHO MAKE PAYMENTS TO THE...

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $439,584

Investment Income $28,053

Other Revenue $0

TOTAL REVENUE $467,637

Expense Breakdown

Grants Paid $0

Salaries & Benefits $162,535

Fundraising Expenses $0

Program Expenses $276,438

Other Expenses $140,100

TOTAL EXPENSES $302,635

Year-over-Year Comparison

	2024	2023	Change
Revenue	$467,637	$352,351	+0.3%
Expenses	$302,635	$281,861	+0.1%
Net Income	$165,002	$70,490	+1.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

N/A

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEPHEN GLENN	TRUSTEE	1.00	Director	$0	$0	$0
LOUIS HENDERSON	TRUSTEE	1.00	Director	$0	$0	$0
EDWIN BRUCE PENNINGTON	TRUSTEE	40.00	Director	$0	$0	$0
SHANE BILLS	SECRETARY	1.00	Officer	$0	$0	$0
ROYCE COBY GRAVES	CHAIRMAN	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	$467,637	$302,635	$1,332,483	$165,002
2023	$352,351	$281,861	$1,169,259	$70,490
2022	$255,690	$206,121	$1,099,377	$49,569
2021	$187,586	$142,923	$1,061,495	$44,663
2020	$182,138	$46,353	$1,009,653	$135,785
2019	$124,307	$14,544	$898,533	$109,763
2018	$182,637	$16,726	$768,664	$165,911
2017	$118,454	$6,306	$612,147	$112,148