NATIONAL AUTOMATIC SPRINKLER INDUSTRY APPRENTICE & TRAINING FUND (EIN 116082331) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1966

Legal Domicile

Principal Officer

SAME AS C ABOVE

Phone

8006382603

Tax Period

2024-01-01 to 2024-12-31

NATIONAL AUTOMATIC SPRINKLER INDUSTRY APPRENTICE & TRAINING FUND, founded in 1966, is a community nonprofit in the Employment sector that reported $9.6M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $8.5M left a modest 12% surplus.

Mission

THE TRUST FUND AGREEMENT PROVIDES FOR THE EDUCATION AND TRAINING OF APPRENTICES.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $9,526,515

Investment Income $105,263

Other Revenue $0

TOTAL REVENUE $9,631,778

Expense Breakdown

Grants Paid $8,107,641

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $8,107,641

Other Expenses $342,769

TOTAL EXPENSES $8,450,410

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,631,778	$8,600,261	+0.1%
Expenses	$8,450,410	$8,227,719	+0.0%
Net Income	$1,181,368	$372,542	+2.2%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

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
LANCE GUNNELLS	TRUSTEE	2.00	Director	$0	$0	$0
SHANE RAY	TRUSTEE	2.00	Director	$0	$0	$0
NICK GRAGE	TRUSTEE	2.00	Director	$0	$0	$0
BRYAN LAROCHE	CHAIRMAN - TRUSTEE	2.00	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	$9,631,778	$8,450,410	$10,003,520	$1,181,368
2023	$8,483,733	$8,227,719	$9,158,366	$256,014
2022	$8,171,378	$7,690,260	$9,030,945	$481,118
2021	$7,669,959	$7,925,818	$8,318,559	$-255,859
2020	$6,824,650	$5,795,377	$7,938,320	$1,029,273
2019	$7,012,479	$5,980,643	$7,110,624	$1,031,836
2018	$6,684,114	$6,566,150	$5,906,583	$117,964

NATIONAL AUTOMATIC SPRINKLER INDUSTRY APPRENTICE & TRAINING FUND