REGIONAL DISTRICT COUNCIL TRAINING TRUST

EIN: 736360524 Employment

DELAND, FL

Total Revenue
$1,841,658
Total Expenses
$2,084,428
Total Assets
$4,144,422
Net Assets
$4,144,422
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
DC
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 IS A JOINT APPRENTICESHIP, TRAINING AND EDUCATION ORGANIZATION FOR IRONWORKERS MEMBERS OF LOCAL UNION 846 AND LOCAL UNION 847.

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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%)

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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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Governance

Voting Members
8
Independent Members
8
Employees
14
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
3
$150,347
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
2
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
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