The Tri-State Labor Education and Development Trust Fund (EIN 616204343) - 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

1992

Legal Domicile

Principal Officer

Don Bradley

Phone

6063249880

Tax Period

2024-01-01 to 2024-12-31

The Tri-State Labor Education and Development Trust Fund, founded in 1992, is a small nonprofit that reported $485K in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. Expenses of $576K exceeded revenue, resulting in a 19% operating deficit.

Mission

Training, safety and drug awareness

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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 $467,279

Investment Income $12,160

Other Revenue $5,582

TOTAL REVENUE $485,021

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $472,918

Other Expenses $387,674

TOTAL EXPENSES $576,312

Year-over-Year Comparison

	2024	2023	Change
Revenue	$485,021	$543,683	-0.1%
Expenses	$576,312	$570,257	+0.0%
Net Income	$-91,291	$-26,574	+2.4%

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

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

$171,003

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Russ Montgomery	Trustee	1.00	Director	$0	$0	$0
Mike Gullett	Trustee	1.00	Director	$0	$0	$0
Ben Collier	Trustee	1.00	Director	$0	$0	$0
Randy Ferguson	Trustee	1.00	Director	$0	$0	$0
Don Bradley	Trustee	1.00	Director	$0	$0	$0
Gregory Spears	Trustee	1.00	Director	$0	$0	$0
Scott Taylor	Trustee	1.00	Director	$0	$0	$0
Jeff Rowe	Trustee	1.00	Director	$0	$0	$0
Nick Oney	Trustee	1.00	Director	$0	$0	$0
Mark Walters	Trustee	1.00	Director	$0	$0	$0
John Holbrook	Director	24.00	Director	$0	$0	$171,003

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	$485,021	$576,312	$1,564,264	$-91,291
2023	$543,683	$570,257	$1,655,555	$-26,574
2022	$591,884	$618,133	$1,671,677	$-26,249
2021	$467,835	$558,291	$1,725,248	$-90,456
2020	$458,860	$549,113	$1,800,594	$-90,253
2019	$796,495	$645,887	$1,890,847	$150,608
2018	$550,391	$640,693	$1,823,060	$-90,302

The Tri-State Labor Education and Development Trust Fund