MC DEAN INC TRAINING BENEFITS TRUST (EIN 566616480) - Form 990 Financial Analysis & Trantor Score

🔒

Tuckman-Chang Vulnerability Assessment

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

2003

Legal Domicile

Principal Officer

N DOUGLAS CUMINS

Phone

7034718041

Tax Period

2024-01-01 to 2024-12-31

MC DEAN INC TRAINING BENEFITS TRUST, founded in 2003, is a small nonprofit in the Mutual Benefit sector that reported $564K in total revenue in fiscal year 2019. Revenue surged 42% from the prior year, signaling strong growth momentum.

Mission

TO PROVIDE TRAINING TO EMPLOYEES OF MC DEAN, INC THROUGH APPRENTICESHIP PROGRAMS REGISTERED WITH, APPROVED BY, ACCEPTED BY, OR OTHERWISE MEETING THE APPLICABLE REQUIREMENTS OF THE UNITED STATES DEPARTMENT OF LABOR, A STATE APPRENTICESHIP COUNCIL, OR A STATE APPRENTICESHIP AGENCY.

🔒

Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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 $954,721

Investment Income $15,095

Other Revenue $0

TOTAL REVENUE $969,816

Expense Breakdown

Grants Paid $0

Salaries & Benefits $115,787

Fundraising Expenses $0

Other Expenses $32,256

TOTAL EXPENSES $954,720

Year-over-Year Comparison

	2024	2023	Change
Revenue	$969,816	$614,262	+0.6%
Expenses	$954,720	$601,555	+0.6%
Net Income	$15,096	$12,707	+0.2%

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

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
WILLIAM H DEAN	TRUSTEE	0.10	Director	$0	$0	$0
N DOUGLAS CUMINS	DULY AUTH OFFICER	0.50	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	$969,816	$954,720	$7,774,953	$15,096
2023	$614,262	$601,555	$6,806,443	$12,707
2022	$292,612	$290,416	$6,194,880	$2,196
2021	$710,127	$712,678	$5,904,968	$-2,551
2020	$564,859	$566,032	$5,197,541	$-1,173
2019	$564,419	$560,407	$4,635,182	$4,012

MC DEAN INC TRAINING BENEFITS TRUST