HOTEL & RESTAURANT INDUSTRY EMPLOYMENT AND TRAINING TRUST (EIN 996009966) - Form 990 Financial Analysis & Trantor Score

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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

1965

Legal Domicile

Principal Officer

ERIC GILLCARLA THOMAS

Phone

8085230199

Tax Period

2023-01-01 to 2023-12-31

HOTEL & RESTAURANT INDUSTRY EMPLOYMENT AND TRAINING TRUST, founded in 1965, is a community nonprofit that reported $2.4M in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.0M, a strong 42% operating margin.

Mission

TO PROVIDE TRAINING FOR ELIGIBLE INDIVIDUALS IN THE AREA OF HOTEL AND RESTAURANT SERVICES.

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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 $0

Program Service Revenue $2,331,200

Investment Income $112,659

Other Revenue $0

TOTAL REVENUE $2,443,859

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,280,689

Other Expenses $1,412,840

TOTAL EXPENSES $1,412,840

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,443,859	$2,017,378	+0.2%
Expenses	$1,412,840	$871,679	+0.6%
Net Income	$1,031,019	$1,145,699	-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

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
JULIE WALKER	MANAGEMENT TRUSTEE	1.00	Director	$0	$0	$0
CARLA THOMAS	MANAGEMENT TRUSTEE	1.00	Director	$0	$0	$0
ERIC GILL	UNION TRUSTEE	1.00	Director	$0	$0	$0
ROSARIO ROSS BANIAGA	UNION TRUSTEE	1.00	Director	$0	$0	$0
DORYNE DJ JARDINE	UNION TRUSTEE - ALT (UNTIL	1.00	Director	$0	$0	$0
MORGAN EVANS	UNION TRUSTEE	1.00	Director	$0	$0	$0
MORRISON LUKA	UNION TRUSTEE - ALT	1.00	Director	$0	$0	$0
GEMMA WEINSTEIN	UNION TRUSTEE - ALT	1.00	Director	$0	$0	$0
TREVOR BRACHER	MANAGEMENT TRUSTEE - ALT	1.00	Director	$0	$0	$0
EILEEN CALDWELL	MANAGEMENT TRUSTEE - ALT	1.00	Director	$0	$0	$0
JULIE NAKAYAMA	MANAGEMENT TRUSTEE	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
2024	No data	No data	No data	No data
2023	$2,443,859	$1,412,840	$3,134,970	$1,031,019
2022	$2,017,378	$871,679	$2,051,901	$1,145,699
2021	$1,244,524	$684,906	$1,006,822	$559,618
2020	$616,214	$993,285	$425,634	$-377,071
2019	$1,159,309	$1,123,275	$765,384	$36,034
2018	$1,112,095	$1,020,235	$700,470	$91,860

HOTEL & RESTAURANT INDUSTRY EMPLOYMENT AND TRAINING TRUST