UNITE HERE LOCAL 54 TRAINING & EDUCATION TRUST FUND

EIN: 834249700 501(c)(3) Education

ATLANTIC CITY, NJ

Total Revenue
$406,192
Total Expenses
$192,361
Total Assets
$682,037
Net Assets
$659,487
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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
NJ
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.

Program Service Accomplishments

Program 1
Expenses: $143,440 Revenue: $403,122

OFFER COURSE AND PROGRAMS RELATED TO THE HOSPITALITY INDUSTRY, TAUGHT BY TRAINED PROFESSIONALS.

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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 $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

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Governance

Voting Members
6
Independent Members
4
Employees
1
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
0
$0
Total Directors
7
$272,469
Key Employees
0
$0
Highest Compensated
0
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
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