ADSC Operating Engineers Training and Education Trust Fund

EIN: 872369445 501(c)(3)

Alameda, CA

Total Revenue
$169,610
Total Expenses
$235,875
Total Assets
$1,122,810
Net Assets
$951,227
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
CA
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.

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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 (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

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Governance

Voting Members
4
Independent Members
2
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
0
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
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
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