IRON WORKERS LOCAL 60 EDUCATION & TRAINING FUND

EIN: 160977920 501(c)(3) Employment

SYRACUSE, NY

Total Revenue
$403,672
Total Expenses
$326,121
Total Assets
$1,180,172
Net Assets
$1,180,172
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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
1970
Legal Domicile
NY
Principal Officer
MATTHEW NESBITT
Phone
3154228209
Tax Period
2024-07-01 to 2025-06-30

IRON WORKERS LOCAL 60 EDUCATION & TRAINING FUND, founded in 1970, is a small nonprofit in the Employment sector that reported $404K in total revenue in fiscal year 2024. Revenue surged 50% from the prior year, signaling strong growth momentum. The organization ran a surplus of $78K, a strong 19% operating margin.

Mission

TRAINING OF APPRENTICES IN THE IRON WORKING FIELD

Program Service Accomplishments

Program 1
Expenses: $163,859 Revenue: $373,064

THE FUND HELD VARIOUS CLASSES TO TRAIN APPRENTICES IN THE IRON WORKING FILED AS WELL AS HOLDING CLASSES TO UPDATE JOURNEYMEN. THERE WERE APRRENTICES AND JOURNEYMEN ATTENDING CLASSES DURING THE...

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THE FUND HELD VARIOUS CLASSES TO TRAIN APPRENTICES IN THE IRON WORKING FILED AS WELL AS HOLDING CLASSES TO UPDATE JOURNEYMEN. THERE WERE APRRENTICES AND JOURNEYMEN ATTENDING CLASSES DURING THE CURRENT YEAR.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $345,014
Investment Income $30,608
Other Revenue $28,050
TOTAL REVENUE $403,672

Expense Breakdown

Grants Paid $0
Salaries & Benefits $40,228
Fundraising Expenses $0
Program Expenses $163,859
Other Expenses $285,893
TOTAL EXPENSES $326,121

Year-over-Year Comparison

2024 2023 Change
Revenue $403,672 $269,674 +0.5%
Expenses $326,121 $300,057 +0.1%
Net Income $77,551 $-30,383 -3.6%
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

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Governance

Voting Members
5
Independent Members
3
Employees
8
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
2
$464,122
Total Directors
5
$464,122
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MATT NESBIT BUSINESS MANAGER 2.00
Officer Director
$0 $99,848 $235,945
COREY MOSSOW TRUSTEE 2.00
Officer Director
$0 $97,900 $228,177
EMILY ABRANTES-WELLER EMPLOYER TRUSTEE 2.00
Director
$0 $0 $0
BLAIR LONGO EMPLOYER TRUSTEE 2.00
Director
$0 $0 $0
JOHN SZVOREN EMPLOYER 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
2025 $403,672 $326,121 $1,180,172 $77,551
2024 No data No data No data No data
2023 $265,020 $288,517 $1,028,667 $-23,497
2022 $272,256 $267,830 $975,716 $4,426
2021 $390,878 $251,223 $1,176,318 $139,655
2020 $305,291 $240,055 $982,515 $65,236
2019 $239,766 $274,058 $943,782 $-34,292
2018 $241,685 $243,547 $922,192 $-1,862
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