IRON WORKERS LOCALS 40 & 361 APPRENTICESHIP & TRAINING FUND (EIN 132571023) - 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

1967

Legal Domicile

Principal Officer

BRYAN BRADY

Phone

8773614040

Tax Period

2023-01-01 to 2023-12-31

IRON WORKERS LOCALS 40 & 361 APPRENTICESHIP & TRAINING FUND, founded in 1967, is a community nonprofit in the Employment sector that reported $2.0M in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $2.7M exceeded revenue, resulting in a 36% operating deficit.

Mission

TO PROVIDE TRAINING, SKILL IMPROVEMENT AND SAFETY EDUCATION TO ELIGIBLE PARTICIPANTS.

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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 $266,543

Program Service Revenue $1,623,242

Investment Income $76,883

Other Revenue $33,475

TOTAL REVENUE $2,000,143

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,468,449

Fundraising Expenses $0

Program Expenses $2,009,354

Other Expenses $1,253,083

TOTAL EXPENSES $2,721,532

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,000,143	$1,844,351	+0.1%
Expenses	$2,721,532	$1,879,348	+0.4%
Net Income	$-721,389	$-34,997	+19.6%

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

$453,937

Total Directors

$240,564

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATTHEW CHARTRAND	UNION TRUSTEE	1.00	Director	$0	$0	$0
JOHN CUSH	UNION TRUSTEE	1.00	Director	$0	$0	$0
ANTHONY DEBLASIE	UNION TRUSTEE/ASST. DIR.	39.00	Director	$108,785	$131,779	$240,564
DANIEL DOYLE	UNION TRUSTEE	1.00	Director	$0	$0	$0
ROBERT JOHNSON	UNION TRUSTEE - EFF 9/23	1.00	Director	$0	$0	$0
CHRISTOPHER WALSH	UNION TRUSTEE	1.00	Director	$0	$0	$0
ROBERT WALSH	UNION TRUSTEE - THRU 9/23	1.00	Director	$0	$0	$0
TERRY FLYNN	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
JAKE BIDOSKY	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
BILL MATRE	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
DAVID PISACRITA	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
ROBERT SAMELA	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
ROBERT WEISS	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
BRYAN BRADY	TRAINING DIRECTOR	54.00	Officer	$272,741	$181,196	$453,937
ERIC CHAN	OFFICE MANAGER	39.00	Highest	$130,628	$89,815	$220,443

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	No data	No data	No data	No data
2023	$2,000,143	$2,721,532	$2,890,000	$-721,389
2022	$1,844,351	$1,879,348	$16,258,842	$-34,997
2021	$1,938,784	$1,785,061	$15,669,398	$153,723
2020	$1,953,393	$1,962,270	$15,501,173	$-8,877
2019	$2,149,572	$2,265,412	$14,988,973	$-115,840
2018	$2,257,102	$1,796,213	$14,295,038	$460,889

IRON WORKERS LOCALS 40 & 361 APPRENTICESHIP & TRAINING FUND