REGIONAL DISTRICT COUNCIL TRAINING… - Form 990 Financial Data

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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

2005

Legal Domicile

Principal Officer

CARY NEWTON

Phone

8887382499

Tax Period

2023-01-01 to 2023-12-31

REGIONAL DISTRICT COUNCIL TRAINING TRUST, founded in 2005, is a community nonprofit in the Employment sector that reported $1.8M in total revenue in fiscal year 2023. Expenses of $2.1M exceeded revenue, resulting in a 13% operating deficit.

Mission

THE REGIONAL DISTRICT COUNCIL TRAINING TRUST WAS ESTABLISHED BY AN AGREEMENT AMONG PARTICIPATING EMPLOYERS AND THE INTERNATIONAL ASSOCIATION OF BRIDGE, STRUCTURAL, ORNAMENTAL AND REINFORCING IRON WORKERS, LOCAL 846. THE ORGANIZATION IS THE FUNDING TRUST FOR A JOINT APPRENTICESHIP, TRAINING, AND EDUCATION PLAN, ESTABLISHED UNDER SEC. 302(C) OF THE LABOR MANAGEMENT RELATIONS ACT OF 1974.

Program Service Accomplishments

Program 1

THE TRUST SERVES AS THE FUNDING ENTITY FOR A JOINT APPRENTICESHIP, EDUCATION, AND TRAINING PLAN FOR MEMBERS OF LOCAL UNION 846 AND LOCAL UNION 847. THE PLAN CONDUCTED COMPREHENSIVE TRAINING PROGRAMS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $48,514

Program Service Revenue $1,567,072

Investment Income $108,240

Other Revenue $117,832

TOTAL REVENUE $1,841,658

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,236,403

Fundraising Expenses $0

Other Expenses $848,025

TOTAL EXPENSES $2,084,428

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,841,658	$1,816,520	+0.0%
Expenses	$2,084,428	$2,131,947	0.0%
Net Income	$-242,770	$-315,427	-0.2%

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

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

$150,347

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Joseph Simpson	Training Director	40.0	Officer	$117,892	$32,455	$150,347
Victor Franco	REG. TRAINING COORDINATOR	40.0	Highest	$113,588	$14,855	$128,443
EDMUNDO RANGEL	TRAINING COORDINATOR	40.0	Highest	$110,596	$14,855	$125,451
Cary Newton	Employer Trustee/President	1.0	Officer Director	$0	$0	$0
JAMES WHALEY	Employer Trustee/TREASURER	1.0	Officer Director	$0	$0	$0
Louie Leon	Employer Trustee	1.0	Director	$0	$0	$0
Jose Mendoza	Union Trustee	1.0	Director	$0	$0	$0
Michael Relyin	Union Trustee	1.0	Director	$0	$0	$0
Keith Smith	Employer Trustee	1.0	Director	$0	$0	$0
ERNESTO SOTO	UNION TRUSTEE	1.0	Director	$0	$0	$0
DYLAN DALTON	UNION TRUSTEE	1.0	Director	$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	No data	No data	No data	No data
2023	$1,841,658	$2,084,428	$4,144,422	$-242,770
2022	$1,816,520	$2,131,947	$4,291,943	$-315,427
2021	$1,957,950	$1,937,227	$5,038,772	$20,723
2020	$2,439,776	$2,044,421	$4,923,017	$395,355
2019	$3,158,543	$2,284,540	$4,394,535	$874,003
2018	$3,043,058	$2,286,382	$3,372,479	$756,676

REGIONAL DISTRICT COUNCIL TRAINING TRUST