TRIANGLE, VA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)UMWA BCOA TRAINING AND EDUCATION TRUST, founded in 1988, is a small nonprofit that reported $501K in total revenue in fiscal year 2024. Revenue surged 54% from the prior year, signaling strong growth momentum. Expenses of $1.1M exceeded revenue, resulting in a 110% operating deficit.
THE FUND WAS FORMED EFFECTIVE FEBRUARY 1, 1988, UNDER AN AGREEMENT BETWEEN THE UNITED MINE WORKERS OF AMERICA (UMWA) AND THE BITUMINOUS COAL OPERATORS' ASSOCIATION, INC. (BCOA). THE FUND IS ORGANIZED UNDER SEC. 302(C)(6) OF THE LABOR MANAGEMENT RELATIONS ACT OF 1947, AS AMENDED BY THE LABOR MANAGEMENT COOPERATION ACT, TO PROVIDE FINANCIAL ASSISTANCE FOR TRAINING OR EDUCATION FOR UNEMPLOYED WORKERS IN THE BITUMINOUS COAL INDUSTRY REPRESENTED BY THE UMWA WHO HAVE PERFORMED CLASSIFIED WORK UNDER THE NATIONAL BITUMINOUS COAL WAGE AGREEMENT OF 1988 (NBCWA), OR ANY PREDECESSOR THERETO, AND THEIR FAMILY DEPENDENTS, AS SET FORTH IN ARTICLE II, PART E OF THE 1988 NBCWA. SINCE THE 1988 NBCWA AGREEMENT, THE NBCWA HAS BEEN RE-NEGOTITATED BY VARIOUS SUCCESSOR AGREEMENTS, WHICH HAVE EXTENDED THE TERMINATION DATE OF THE FUND. IN 2016, THE UMWA AND THE BCOA NEGOTIATED A SUCCESSOR AGREEMENT (2016 NBCWA) WHICH BECAME EFFECTIVE AUGUST 15, 2016. IN 2021, THE UMWA AND THE BCOA NEGOTIATED THE 2020 NBCWA, WHICH CONTAINS A TERMINATION DATE OF JULY 31, 2025.
THE FUND PROVIDED EDUCATION ASSISTANCE TO UNEMPLOYED WORKERS, AND FAMILY DEPENDENTS OF ACTIVE OR UNEMPLOYED WORKERS, IN THE BITUMINOUS COAL INDUSTRY REPRESENTED BY UMWA, TO ASSIST THE INDIVIDUALS IN...
THE FUND PROVIDED EDUCATION ASSISTANCE TO UNEMPLOYED WORKERS, AND FAMILY DEPENDENTS OF ACTIVE OR UNEMPLOYED WORKERS, IN THE BITUMINOUS COAL INDUSTRY REPRESENTED BY UMWA, TO ASSIST THE INDIVIDUALS IN SECURING EMPLOYMENT OUTSIDE THE INDUSTRY.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $501,487 | $326,001 | +0.5% |
| Expenses | $1,054,962 | $517,338 | +1.0% |
| Net Income | $-553,475 | $-191,337 | +1.9% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| JERRY D JONES | CHAIRMAN/UNION TRUSTEE | 5.0 |
Director
|
$25,000 | $0 | $25,000 |
| THOMAS C MEANS | EMPLOYER TRUSTEE | 5.0 |
Director
|
$25,000 | $0 | $25,000 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $501,487 | $1,054,962 | $5,774,964 | $-553,475 |
| 2024 | $326,001 | $517,338 | $6,113,042 | $-191,337 |
| 2023 | $361,466 | $543,133 | $6,110,372 | $-181,667 |
| 2022 | $366,448 | $361,650 | $7,116,570 | $4,798 |
| 2021 | $435,793 | $327,813 | $6,845,898 | $107,980 |
| 2020 | $389,230 | $432,816 | $6,218,462 | $-43,586 |
| 2019 | $243,909 | $393,233 | $5,867,357 | $-149,324 |
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