CHARLESTON LABOR EDUCATION AND DEVELOPMENT TRUST FUND INC (EIN 550721844) - 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

1993

Legal Domicile

Principal Officer

TODD COREY

Phone

3043461350

Tax Period

2024-01-01 to 2024-12-31

CHARLESTON LABOR EDUCATION AND DEVELOPMENT TRUST FUND INC, founded in 1993, is a small nonprofit that reported $442K in total revenue in fiscal year 2024. The organization ran a surplus of $71K, a strong 16% operating margin.

Mission

THE CHARLESTON LEAD TRUST FUND WAS CREATED TO FOSTER PROPER OCCUPATIONAL SAFETY AND HEALTH PROCEDURES THROUGH MEMBER EDUCATION AND TRAINING.

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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 $426,986

Investment Income $12,928

Other Revenue $1,730

TOTAL REVENUE $441,644

Expense Breakdown

Grants Paid $0

Salaries & Benefits $178,654

Fundraising Expenses $0

Other Expenses $191,502

TOTAL EXPENSES $370,156

Year-over-Year Comparison

	2024	2023	Change
Revenue	$441,644	$414,170	+0.1%
Expenses	$370,156	$380,931	0.0%
Net Income	$71,488	$33,239	+1.2%

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

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

$50,431

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TODD COREY	PRESIDENT	1.00	Officer Director	$0	$0	$0
GARY MCCALLISTER	TRUSTEE	1.00	Director	$0	$0	$0
GREG CASDORPH	TRUSTEE	1.00	Director	$0	$0	$0
JAMIE BOSTIC	TRUSTEE	1.00	Director	$0	$0	$0
CRAIG MOSTELLER	TRUSTEE	1.00	Director	$0	$0	$0
CHARLES PARKER	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
ANDY SKIBA	TRUSTEE	1.00	Director	$0	$0	$0
BRIAN SMITH	TRUSTEE	1.00	Director	$0	$0	$0
CHRIS WOMACK	TRUSTEE	1.00	Director	$0	$0	$0
BRIAN CHRISTIAN	TRUSTEE	1.00	Director	$0	$0	$0
LUTHER L LASURE	ADMINISTRATOR	20.00	Officer	$35,100	$15,331	$50,431

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	$441,644	$370,156	$642,620	$71,488
2023	$414,170	$380,931	$571,224	$33,239
2022	$405,733	$383,520	$537,977	$22,213
2021	$347,080	$314,036	$515,695	$33,044
2020	$304,513	$300,037	$484,614	$4,476
2019	$371,809	$411,644	$480,682	$-39,835
2018	$386,297	$411,865	$520,876	$-25,568

CHARLESTON LABOR EDUCATION AND DEVELOPMENT TRUST FUND INC