SERVICE CONTRACT EDUCATION AND TRAINING TRUST FUND (EIN 521236937) - 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

1978

Legal Domicile

Principal Officer

MICHAEL F SABITONI

Phone

2027378320

Tax Period

2024-01-01 to 2024-12-31

SERVICE CONTRACT EDUCATION AND TRAINING TRUST FUND, founded in 1978, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $1.3M left a modest 12% surplus.

Mission

LABOR UNION TRAINING FUND

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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 $1,300,487

Investment Income $124,882

Other Revenue $0

TOTAL REVENUE $1,425,369

Expense Breakdown

Grants Paid $0

Salaries & Benefits $656,603

Fundraising Expenses $0

Other Expenses $458,085

TOTAL EXPENSES $1,253,972

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,425,369	$1,280,969	+0.1%
Expenses	$1,253,972	$1,281,738	0.0%
Net Income	$171,397	$-769	-223.9%

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

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

$185,654

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL F SABITONI	UNION CO-CHAIRMAN	2.00	Officer Director	$0	$0	$0
DAVID A FRYE	UNION TRUSTEE	2.00	Director	$0	$0	$0
STEPHEN E FARNER	UNION TRUSTEE	2.00	Director	$0	$0	$0
DENNIS MARTIRE	UNION TRUSTEE	2.00	Director	$0	$0	$0
DAVID BEAVER	MANAGEMENT TRUSTEE	2.00	Director	$0	$0	$0
JAMES GROSSO	MANAGEMENT CO-CHAIRMAN	2.00	Officer Director	$0	$0	$0
MARCELLO GARZA	MANAGEMENT TRUSTEE	2.00	Director	$0	$0	$0
SHAVILA SINGH	MANAGEMENT TRUSTEE	2.00	Director	$0	$0	$0
ERIN CLEGG	ADMINISTRATOR	40.00	Officer	$106,173	$79,481	$185,654
MICHAEL CANTU	MARKETING DIRECTOR	40.00	Highest	$124,716	$81,412	$206,128

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
2025	No data	No data	No data	No data
2024	$1,425,369	$1,253,972	$14,430,576	$171,397
2023	$1,280,969	$1,281,738	$12,852,666	$-769
2022	$1,264,271	$1,174,889	$11,312,980	$89,382
2021	$1,555,268	$1,158,764	$13,366,727	$396,504
2020	$1,311,667	$1,196,691	$11,860,247	$114,976
2019	$2,925,417	$1,311,834	$10,480,721	$1,613,583
2018	$952,731	$1,427,479	$8,867,386	$-474,748

SERVICE CONTRACT EDUCATION AND TRAINING TRUST FUND