LOCAL 26 EDUCATIONAL DEVELOPMENT T… - 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

1987

Legal Domicile

Principal Officer

RYAN SANTEFORD

Phone

3604869400

Tax Period

2025-01-01 to 2025-12-31

LOCAL 26 EDUCATIONAL DEVELOPMENT TRUST, founded in 1987, is a community nonprofit in the Employment sector that reported $4.3M in total revenue in fiscal year 2025. Net assets of $10.7M represent 30 months of operating reserves.

Mission

ASSURE MAINTENANCE AND IMPROVEMENT OF EMPLOYMENT THROUGH TRAINING IN SPECIALIZED AREAS.

Program Service Accomplishments

Program 1

Expenses: $3,696,137 Revenue: $4,050,696

ASSURE MAINTENANCE AND IMPROVEMENT OF EMPLOYMENT THROUGH PROVIDING APPRENTICE-JOURNEYMEN PROGRAM TO RECRUIT AND TRAIN INDIVIDUALS IN THE SKILLS NECESSARY TO ENTER THE PLUMBING AND PIPEFITTING...

ASSURE MAINTENANCE AND IMPROVEMENT OF EMPLOYMENT THROUGH PROVIDING APPRENTICE-JOURNEYMEN PROGRAM TO RECRUIT AND TRAIN INDIVIDUALS IN THE SKILLS NECESSARY TO ENTER THE PLUMBING AND PIPEFITTING INDUSTRY, AS WELL AS TO PROVIDE CONTINUING PROFESSIONAL EDUCATION TO PLUMBERS, PIPEFITTERS, AND HVAC.

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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 (2025)

Revenue Breakdown

Contributions & Grants $62,895

Program Service Revenue $4,050,696

Investment Income $72,816

Other Revenue $137,791

TOTAL REVENUE $4,324,198

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,401,392

Fundraising Expenses $0

Program Expenses $3,696,137

Other Expenses $1,837,259

TOTAL EXPENSES $4,238,651

Year-over-Year Comparison

	2025	2024	Change
Revenue	$4,324,198	$4,087,158	+0.1%
Expenses	$4,238,651	$3,711,818	+0.1%
Net Income	$85,547	$375,340	-0.8%

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

Key Employees

$503,808

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JUD HILDEBRANDT	TRUST ADMINI	40.00	Key Emp	$159,074	$93,026	$252,100
DAVID WHITTEN	EMPLOYEE	40.00	Key Emp	$153,316	$98,392	$251,708
JEREMY ROOD	EMPLOYEE	40.00	Highest	$150,115	$91,318	$241,433
RYAN SANTEFORD	TRAINING DIR	40.00	Highest	$148,970	$90,499	$239,469
SETH THOMPSON	EMPLOYEE	40.00	Highest	$148,970	$90,499	$239,469
SETH WHITE	EMPLOYEE	40.00	Highest	$148,970	$90,499	$239,469
ANNETTE HAMPSON	BOOKKEEPER	40.00	Highest	$101,863	$18,209	$120,072
JERRY BUSH	CHAIRMAN	1.00	Officer Director	$0	$0	$0
ROBIN COWPER	MANAGEMENT M	1.00	Director	$0	$0	$0
ADAM DAVIS	LABOR MEMBER	1.00	Director	$0	$0	$0
NOELLE DWARZSKI	COUNCIL	1.00	Director	$0	$0	$0
JEFF LIPPERT	SECRETARY	1.00	Officer Director	$0	$0	$0
ADAM SMITH	MANAGEMENT M	1.00	Director	$0	$0	$0
NILES STIRRETT	MANAGEMENT M	1.00	Director	$0	$0	$0
TODD TAYLOR	LABOR MEMBER	1.00	Director	$0	$0	$0
CAMERON WILKINSON	LABOR MEMBER	1.00	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	$4,324,198	$4,238,651	$10,746,403	$85,547
2024	No data	No data	No data	No data
2023	$4,065,897	$3,804,665	$10,282,818	$261,232
2022	$3,615,092	$3,476,583	$10,025,612	$138,509
2021	$3,415,935	$2,928,100	$9,881,835	$487,835
2020	$3,141,896	$2,866,255	$11,432,225	$275,641
2019	$4,618,066	$3,596,183	$10,964,951	$1,021,883
2018	$3,859,680	$3,564,932	$11,824,692	$294,748

LOCAL 26 EDUCATIONAL DEVELOPMENT TRUST