Stationary Engineers Training Trust

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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

1977

Legal Domicile

Principal Officer

DAREN KONOPASKI

Phone

2063294900

Tax Period

2024-08-01 to 2025-07-31

Stationary Engineers Training Trust, founded in 1977, is a small nonprofit that reported $414K in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $460K exceeded revenue, resulting in a 11% operating deficit.

Mission

REVENUES ARE COLLECTED FOR THE PURPOSE OF REIMBURSING STATIONARY ENGINEERS FOR COSTS RELATED TO TRAINING IN THE INDUSTRY WHICH IS THE BASIS FOR THE EXEMPTION OF THIS TRUST.

Program Service Accomplishments

Program 1

GOOD STANDING FOR COSTS RELATED TO TRAINING TAKEN AS A STATIONARY ENGINEER. THE TRAINING IMPROVES THE QUALITY AND SAFETY OF INDIVIDUALS WORKING IN THE 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $394,919

Investment Income $13,543

Other Revenue $5,063

TOTAL REVENUE $413,525

Expense Breakdown

Grants Paid $0

Salaries & Benefits $221,407

Fundraising Expenses $0

Other Expenses $238,795

TOTAL EXPENSES $460,202

Year-over-Year Comparison

	2024	2023	Change
Revenue	$413,525	$364,355	+0.1%
Expenses	$460,202	$414,825	+0.1%
Net Income	$-46,677	$-50,470	-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

N/A

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

$135,697

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDREA MAJOR	TRAINING COORDINATOR	40.0	Officer	$88,127	$47,570	$135,697
DAREN KONOPASKI	CHAIRMAN	1.0	Director	$0	$0	$0
ERIK KNOWLES	SECRETARY	1.0	Director	$0	$0	$0
LEE NEWMAN	trustee	1.0	Director	$0	$0	$0
TONY FRASCONE	TRUSTEE	1.0	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
2025	$413,525	$460,202	$383,915	$-46,677
2024	$364,355	$414,825	$423,120	$-50,470
2023	$298,397	$286,247	$456,490	$12,150
2022	$370,527	$363,428	$448,572	$7,099
2021	$437,281	$330,561	$467,802	$106,720
2020	$424,934	$323,261	$356,158	$101,673
2019	$374,492	$305,722	$250,712	$68,770
2018	$365,624	$314,690	$183,441	$50,934