FINISHING TRADES INSTITUTE OF NORTHERN CALIFORNIA AND NEVADA TRUST (EIN 113785631) - 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

2006

Legal Domicile

Principal Officer

Frank Nunes

Phone

5107858467

Tax Period

2023-07-01 to 2024-06-30

FINISHING TRADES INSTITUTE OF NORTHERN CALIFORNIA AND NEVADA TRUST, founded in 2006, is a mid-sized nonprofit in the Education sector that reported $15.0M in total revenue in fiscal year 2023. The organization ran a surplus of $4.1M, a strong 27% operating margin.

Mission

TO PROMOTE THE WORKING CONDITIONS OF MEMBERS BY PROVIDING TRAINING TO APPRENTICES AND JOURNEYMEN IN THE SKILLED CRAFTS OF FLOOR COVERING, PAINTING, TAPING, AND GLAZING.

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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 $2,506,055

Program Service Revenue $11,738,885

Investment Income $627,689

Other Revenue $113,741

TOTAL REVENUE $14,986,370

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,329,967

Fundraising Expenses $0

Program Expenses $8,538,813

Other Expenses $5,551,841

TOTAL EXPENSES $10,881,808

Year-over-Year Comparison

	2023	2022	Change
Revenue	$14,986,370	$15,259,606	0.0%
Expenses	$10,881,808	$10,524,849	+0.0%
Net Income	$4,104,562	$4,734,757	-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

Employees

Volunteers

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
ALEJANDRO BELTRAN	DIRECTOR OF TRAINING	40.0	Highest	$203,863	$84,219	$288,082
ERIK C SCHORKEN	INSTRUCTOR	40.0	Highest	$166,456	$76,809	$243,265
GARY J WITTAKER	INSTRUCTOR	40.0	Highest	$157,807	$70,221	$228,028
TANNER CARROLL	INSTRUCTOR	40.0	Highest	$151,521	$76,109	$227,630
BRIAN G MUNSELL	INSTRUCTOR	40.0	Highest	$159,252	$62,222	$221,474
ROBERT WILLIAMS	CHAIRMAN	0.25	Officer Director	$0	$0	$0
JAMES BOSTER	TRUSTEE	0.25	Director	$0	$0	$0
JAMES HEWETT	TRUSTEE	0.25	Director	$0	$0	$0
LANCE RYKEN	TRUSTEE	0.25	Director	$0	$0	$0
JIM MAGGIORE	SECRETARY	0.25	Officer Director	$0	$0	$0
FRANK NUNES	TRUSTEE	0.25	Director	$0	$0	$0
TOM CHRISTOPHE	TRUSTEE	0.25	Director	$0	$0	$0
GENELLE VOLHONTSEFF	TRUSTEE - TERM. 7/25/2023	0.25	Director	$0	$0	$0
DANIEL LINCOLN	TRUSTEE	0.25	Director	$0	$0	$0
HAROLD DALY	TRUSTEE - EFF. 7/25/2023	0.25	Director	$0	$0	$0
TAMMY EVANS	TRUSTEE - EFF. 9/16/2023	0.25	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	$14,986,370	$10,881,808	$47,081,004	$4,104,562
2023	$15,259,606	$10,524,849	$43,055,170	$4,734,757
2022	$12,670,286	$9,832,531	$30,070,689	$2,837,755
2021	$15,228,971	$8,316,505	$28,313,624	$6,912,466
2020	$13,535,423	$7,639,104	$21,090,949	$5,896,319
2019	$8,697,124	$6,254,312	$14,645,910	$2,442,812
2018	$7,357,058	$5,757,163	$12,001,891	$1,599,895

FINISHING TRADES INSTITUTE OF NORTHERN CALIFORNIA AND NEVADA TRUST