UNITE HERE LOCAL 54 TRAINING & EDUCATION TRUST FUND (EIN 834249700) - 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

2019

Legal Domicile

Principal Officer

DONNA DECAPRIO

Phone

6093445400

Tax Period

2023-01-01 to 2023-12-31

UNITE HERE LOCAL 54 TRAINING & EDUCATION TRUST FUND, founded in 2019, is a small nonprofit in the Education sector that reported $406K in total revenue in fiscal year 2023. Revenue surged 23% from the prior year, signaling strong growth momentum. The organization ran a surplus of $214K, a strong 53% operating margin.

Mission

THE FUND WAS ESTABLISHED FOR THE PURPOSE OF PROVIDING EDUCATIONAL AND TRAINING PROGRAMS TO DEVELOP THE SKILLS NECESSARY TO PROVIDE WELL-TRAINED AND QUALIFIED WORKERS TO PERFORM CULINARY AND OTHER SERVICE WORK TO MEET ANY NEEDS OF THE HOSPITALITY AND GAMING INDUSTRY.

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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 $0

Program Service Revenue $403,122

Investment Income $3,070

Other Revenue $0

TOTAL REVENUE $406,192

Expense Breakdown

Grants Paid $0

Salaries & Benefits $122,285

Fundraising Expenses $0

Program Expenses $143,440

Other Expenses $70,076

TOTAL EXPENSES $192,361

Year-over-Year Comparison

	2023	2022	Change
Revenue	$406,192	$331,315	+0.2%
Expenses	$192,361	$154,637	+0.2%
Net Income	$213,831	$176,678	+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

Total Directors

$272,469

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
C ROBERT MCDEVITT	CHAIRMAN/UNION TRUSTEE (P) 5/23	2.00	Director	$0	$7,105	$39,276
DONNA DECAPRIO	CHAIRPERSON/UNION TRUSTEE	2.00	Director	$0	$28,157	$136,430
CARLY WENTZ	EMPLOYER TRUSTEE	2.00	Director	$0	$0	$0
MICHAEL POMPEI	EMPLOYER TRUSTEE	2.00	Director	$0	$0	$0
BARBARA HULSIZER	SECRETARY/EMPLOYER TRUSTEE	2.00	Director	$0	$0	$0
RONETTE LARK	UNION TRUSTEE	2.00	Director	$0	$0	$0
BEN ALBERT	UNION TRUSTEE	2.00	Director	$0	$17,449	$96,763

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	$406,192	$192,361	$682,037	$213,831
2022	$331,315	$154,637	$463,666	$176,678
2021	$276,236	$153,866	$287,174	$122,370
2021	$276,236	$153,866	$287,174	$122,370

UNITE HERE LOCAL 54 TRAINING & EDUCATION TRUST FUND