LOCAL 107 DEVELOPMENT AND TRAINING FUND (EIN 861067103) - 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

2002

Legal Domicile

Principal Officer

MATTHEW BALES

Phone

2623265580

Tax Period

2024-07-01 to 2025-06-30

LOCAL 107 DEVELOPMENT AND TRAINING FUND, founded in 2002, is a small nonprofit in the Education sector that reported $354K in total revenue in fiscal year 2024. Revenue decreased 16% compared to the prior year. Expenses of $562K exceeded revenue, resulting in a 59% operating deficit.

Mission

CREATION AND MAINTENANCE OF EDUCATIONAL AND TRAINING PROGRAMS FOR THE DEVELOPMENT SKILLS IN CRAFTS OF UNION WORKERS.

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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 $352,143

Investment Income $2,003

Other Revenue $0

TOTAL REVENUE $354,146

Expense Breakdown

Grants Paid $0

Salaries & Benefits $235,954

Fundraising Expenses $0

Program Expenses $519,757

Other Expenses $325,995

TOTAL EXPENSES $561,949

Year-over-Year Comparison

	2024	2023	Change
Revenue	$354,146	$419,967	-0.2%
Expenses	$561,949	$641,177	-0.1%
Net Income	$-207,803	$-221,210	-0.1%

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

$135,907

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATTHEW BALES	SECRETARY-TR	0.00	Officer Director	$0	$0	$0
ABRAHAM INGHRAM	UNION TRUSTE	55.00	Director	$135,907	$0	$135,907
DAN SULIVAN	UNION CO-CHA	0.00	Officer Director	$0	$0	$0
ERIC BREY	EMPLOYER CHA	0.00	Officer Director	$0	$0	$0
JOSEPH GRENIER	EMPLOYER TRU	0.00	Director	$0	$0	$0
NATHAN JACOBSON	EMPLOYER TRU	0.00	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
2025	$354,146	$561,949	$790,859	$-207,803
2024	$419,967	$641,177	$998,658	$-221,210
2023	$600,537	$428,401	$1,219,755	$172,136
2022	$389,508	$352,009	$1,048,160	$37,499
2021	$395,482	$384,578	$1,046,685	$10,904

LOCAL 107 DEVELOPMENT AND TRAINING FUND