LOCAL 37 IRON WORKERS JAC FUND JOINT APPRENTICESHIP COMMITTEE (EIN 050313149) - 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

1963

Legal Domicile

Principal Officer

DAVID M LANGLAIS

Phone

4014381111

Tax Period

2023-07-01 to 2024-06-30

LOCAL 37 IRON WORKERS JAC FUND JOINT APPRENTICESHIP COMMITTEE, founded in 1963, is a small nonprofit in the Employment sector that reported $659K in total revenue in fiscal year 2023. Revenue surged 37% from the prior year, signaling strong growth momentum. The organization ran a surplus of $238K, a strong 36% operating margin.

Mission

APPRENTICESHIP EDUCATION AND TRAINING FOR UNION MEMBERS

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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 $629,234

Investment Income $29,493

Other Revenue $0

TOTAL REVENUE $658,727

Expense Breakdown

Grants Paid $0

Salaries & Benefits $258,470

Fundraising Expenses $0

Program Expenses $420,828

Other Expenses $162,358

TOTAL EXPENSES $420,828

Year-over-Year Comparison

	2023	2022	Change
Revenue	$658,727	$481,058	+0.4%
Expenses	$420,828	$422,146	0.0%
Net Income	$237,899	$58,912	+3.0%

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

$244,954

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANIEL E KOURY	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
JOHN L BACON	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
JOHN CASALE	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
ARMAND M LAROSE JR	UNION TRUSTEE	3.00	Director	$0	$107,996	$244,954
JEFFREY BOSTOCK	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
JUSTIN MURPHY	UNION TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL C KNIPS	UNION TRUSTEE	1.00	Director	$0	$0	$0
JASON WILKINS	UNION 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
2025	No data	No data	No data	No data
2024	$658,727	$420,828	$1,151,932	$237,899
2023	$481,058	$422,146	$914,033	$58,912
2022	$429,193	$342,144	$855,121	$87,049
2021	$357,689	$278,137	$768,072	$79,552
2020	$423,694	$214,835	$693,590	$208,859
2019	$323,876	$186,154	$506,714	$137,722

LOCAL 37 IRON WORKERS JAC FUND JOINT APPRENTICESHIP COMMITTEE