IRON WORKERS LOCAL 7 JOINT APPRENTICE COMMITTEE (EIN 046110167) - 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

1989

Legal Domicile

Principal Officer

PAUL LANDERHOLM

Phone

6172680707

Tax Period

2024-07-01 to 2025-06-30

IRON WORKERS LOCAL 7 JOINT APPRENTICE COMMITTEE, founded in 1989, is a community nonprofit that reported $4.0M in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. The organization ran a surplus of $705K, a strong 18% operating margin.

Mission

EDUCATION OF APPRENTICE IRONWORKERS

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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 $143,954

Program Service Revenue $3,092,670

Investment Income $436,217

Other Revenue $296,272

TOTAL REVENUE $3,969,113

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,997,113

Fundraising Expenses $0

Program Expenses $2,558,134

Other Expenses $1,266,636

TOTAL EXPENSES $3,263,749

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,969,113	$4,222,016	-0.1%
Expenses	$3,263,749	$3,262,459	+0.0%
Net Income	$705,364	$959,557	-0.3%

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

$301,819

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VINCENT COYLE	RECORDING SEC	10.00	Officer Director	$0	$0	$0
JACQUELINE MAGILL	CHAIRPERSON	10.00	Officer Director	$0	$0	$0
FRANK MURRAY	TRUSTEE	10.00	Director	$0	$0	$0
BRIAN BENSON	TRUSTEE	10.00	Director	$0	$0	$0
KEVIN COLLINS	TRUSTEE	10.00	Director	$0	$0	$0
EDWARD FINN	TRUSTEE	10.00	Director	$0	$0	$0
PAUL LANDERHOLM	TRAINING COORDINATOR	40.00	Officer	$179,712	$122,107	$301,819

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	$3,969,113	$3,263,749	$15,013,485	$705,364
2024	$4,222,016	$3,262,459	$14,326,005	$959,557
2023	$4,769,595	$2,940,903	$13,376,756	$1,828,692
2022	$4,143,075	$3,106,860	$11,540,012	$1,036,215
2021	$4,381,503	$2,514,411	$10,525,871	$1,867,092
2020	$3,954,382	$3,000,554	$8,839,020	$953,828
2019	$3,839,286	$3,720,358	$7,907,874	$118,928
2018	$3,820,120	$2,771,402	$7,789,628	$1,048,718

IRON WORKERS LOCAL 7 JOINT APPRENTICE COMMITTEE