ADSC Operating Engineers 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

2021

Legal Domicile

Principal Officer

DAN REDING

Phone

5106718800

Tax Period

2024-01-01 to 2024-12-31

ADSC Operating Engineers Training and Education Trust Fund, founded in 2021, is a small nonprofit that reported $170K in total revenue in fiscal year 2024. Expenses of $236K exceeded revenue, resulting in a 39% operating deficit.

Mission

TO PROVIDE TRAINING PROGRAMS FOR PARTICIPANTS COVERED UNDER THE COLLECTIVE BARGAINING AGREEMENT BETWEEN THE UNION AND EMPLOYERS.

Program Service Accomplishments

Program 1

Expenses: $192,947

TO PROVIDE TRAINING PROGRAMS FOR COVERED POSITIONS UNDER THE COLLECTIVE BARGAINING AGREEMENT BETWEEN THE UNION AND EMPLOYERS.

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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 $144,053

Investment Income $25,557

Other Revenue $0

TOTAL REVENUE $169,610

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $192,947

Other Expenses $235,875

TOTAL EXPENSES $235,875

Year-over-Year Comparison

	2024	2023	Change
Revenue	$169,610	$161,616	+0.0%
Expenses	$235,875	$52,117	+3.5%
Net Income	$-66,265	$109,499	-1.6%

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

N/A

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAN REDING	CO-CHAIRMAN	3.0	Director	$0	$0	$0
BARRY KANNON	CO-CHAIRMAN	3.0	Director	$0	$0	$0
DAVE HARRISON	TRUSTEE	3.0	Director	$0	$0	$0
MICHAEL WALTON	TRUSTEE	3.0	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	$169,610	$235,875	$1,122,810	$-66,265
2023	$161,616	$52,117	$1,018,341	$109,499
2021	$1,034,734	$72,072	$963,940	$962,662

ADSC Operating Engineers Training and Education Trust Fund