APPRENTICESHIP & TRAINING TRUST FU… - 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

1956

Legal Domicile

Principal Officer

CHE TIMMONS

Phone

9256860730

Tax Period

2023-07-01 to 2024-06-30

APPRENTICESHIP & TRAINING TRUST FUND UA LOCAL 342, founded in 1956, is a mid-sized nonprofit that reported $12.5M in total revenue in fiscal year 2023. Revenue decreased 5% compared to the prior year. Expenses of $13.8M exceeded revenue, resulting in a 11% operating deficit.

Mission

EDUCATION AND TRAINING IN THE PIPE TRADES INDUSTRY.

Program Service Accomplishments

Program 1

Expenses: $11,289,936 Revenue: $11,177,959

PROVIDED TRAINING TO MEMBERS OF U.A. LOCAL 342 AND OTHER U.A. LOCAL UNIONS WHO ARE WORKING PRIMARILY IN THE JURISDICTION OF U.A. LOCAL 342.

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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 (2023)

Revenue Breakdown

Contributions & Grants $778,846

Program Service Revenue $11,117,525

Investment Income $504,754

Other Revenue $60,434

TOTAL REVENUE $12,461,559

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,861,851

Fundraising Expenses $0

Program Expenses $11,289,936

Other Expenses $6,944,381

TOTAL EXPENSES $13,806,232

Year-over-Year Comparison

	2023	2022	Change
Revenue	$12,461,559	$13,126,300	-0.1%
Expenses	$13,806,232	$11,147,148	+0.2%
Net Income	$-1,344,673	$1,979,152	-1.7%

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

129

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

$327,647

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALBERT GARCIA	TRAINING DIRECTOR	40.0	Key Emp	$205,347	$122,300	$327,647
KEVIN SULLIVAN	COORDINATOR	1.0	Highest	$202,075	$119,832	$321,907
MICHAEL AFONSO	COORDINATOR	40.0	Highest	$202,075	$119,562	$321,637
JOSH GALANDA	COORDINATOR	40.0	Highest	$197,530	$120,444	$317,974
DARYL BARTZI	COORDINATOR	40.0	Highest	$197,023	$119,422	$316,445
ANTHONY CUELLAR	INSTRUCTOR	40.0	Highest	$172,444	$136,816	$309,260
CHE TIMMONS	CHAIRMAN/TRUSTEE	1.0	Director	$0	$0	$0
ALEX HALL	CO-CHAIRMAN/TRUSTEE	1.0	Director	$0	$0	$0
LEROY GINN	TRUSTEE	1.0	Director	$0	$0	$0
RANDY LOYD	TRUSTEE	1.0	Director	$0	$0	$0
CHAD JOHNSTON	TRUSTEE	1.0	Director	$0	$0	$0
MICHAEL LESCURE	TRUSTEE	1.0	Director	$0	$0	$0
CHUCK LEONARD	TRUSTEE	1.0	Director	$0	$0	$0
ROBBIE NASH	TRUSTEE	1.0	Director	$0	$0	$0
DON SILVA	TRUSTEE	1.0	Director	$0	$0	$0
MARC LOPEZ	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	No data	No data	No data	No data
2024	$12,461,559	$13,806,232	$43,011,497	$-1,344,673
2023	$13,126,300	$11,147,148	$42,780,268	$1,979,152
2022	$9,099,694	$11,145,230	$37,773,636	$-2,045,536
2021	$8,305,239	$10,213,237	$41,675,509	$-1,907,998
2020	$9,200,405	$9,438,228	$42,717,395	$-237,823
2019	$15,940,949	$9,853,104	$42,636,178	$6,087,845

APPRENTICESHIP & TRAINING TRUST FUND UA LOCAL 342