LOCAL 138 138A & 138B IUOE APPRENTICE TRAINING FUND (EIN 112000172) - 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

JOHN DUFFY

Phone

6315925725

Tax Period

2024-07-01 to 2025-06-30

LOCAL 138 138A & 138B IUOE APPRENTICE TRAINING FUND, founded in 1963, is a community nonprofit that reported $2.3M in total revenue in fiscal year 2024. The organization ran a surplus of $666K, a strong 29% operating margin.

Mission

TO PROVIDE EDUCATIONAL AND SKILL IMPROVEMENT TRAINING FACILITIES FOR ELIGIBLE 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 (2024)

Revenue Breakdown

Contributions & Grants $14,930

Program Service Revenue $2,158,884

Investment Income $121,915

Other Revenue $0

TOTAL REVENUE $2,295,729

Expense Breakdown

Grants Paid $0

Salaries & Benefits $783,846

Fundraising Expenses $0

Program Expenses $1,189,467

Other Expenses $845,884

TOTAL EXPENSES $1,629,730

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,295,729	$2,198,552	+0.0%
Expenses	$1,629,730	$1,682,184	0.0%
Net Income	$665,999	$516,368	+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

$1,575,628

Total Directors

$2,839,754

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN DUFFY	TRUSTEE	2.00	Officer Director	$0	$79,044	$447,085
JOHN J DUFFY	TRUSTEE	2.00	Director	$0	$94,344	$414,359
DENNIS ADRIAN	TRUSTEE	2.00	Director	$0	$94,469	$403,638
WILLIAM DUFFY JR	CHAIRMAN/ADMINISTRATOR	2.00	Officer Director	$0	$95,544	$413,134
JAMES PRATT III	TRUSTEE	2.00	Director	$0	$0	$0
JAMES HANEY	TRUSTEE	2.00	Director	$0	$0	$0
MARC HERBST	TRUSTEE	2.00	Director	$0	$0	$0
ANTHONY MALIZIA	TRUSTEE	2.00	Director	$0	$94,344	$416,856
VINCENT D RAZZANO	TRAINING DIRECTOR	38.00	Officer Director	$252,236	$75,634	$327,870
SHAWN COLES	TRUSTEE	2.00	Director	$0	$94,344	$416,812
STEPHEN BARNETT	PLAN ADMINISTRATOR	2.00	Officer	$308,471	$79,068	$387,539
CHRISTOPHER DUFFY	ANNUITY ADMIN	0.00	Highest	$307,211	$63,676	$370,887
SCOTT TIERNEY	APPRENTICE INSTRUCTOR	40.00	Highest	$195,964	$75,940	$271,904
LISA HARDEN	CLAIMS ADMIN	0.00	Highest	$0	$38,080	$149,573
ANNE MCDONNAUGH	BOOKKEPER	2.00	Highest	$0	$34,653	$142,203
ENRIQUE GUZMAN	ORGANIZER	0.00	Highest	$0	$79,308	$293,691

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	$2,295,729	$1,629,730	$4,938,027	$665,999
2024	$2,198,552	$1,682,184	$3,651,828	$516,368
2023	$2,161,052	$1,610,714	$3,080,569	$550,338
2022	$2,163,863	$1,482,100	$2,557,064	$681,763
2021	$1,730,725	$1,444,413	$2,056,284	$286,312
2020	$1,656,354	$1,284,436	$1,871,008	$371,918
2019	$1,494,602	$1,183,567	$1,227,942	$311,035
2018	$1,045,385	$1,202,829	$953,738	$-157,444

LOCAL 138 138A & 138B IUOE APPRENTICE TRAINING FUND