IRON WORKERS LOCAL 60 EDUCATION & TRAINING FUND (EIN 160977920) - 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

1970

Legal Domicile

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

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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 $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

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

$464,122

Total Directors

$464,122

Key Employees

Highest Compensated

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

IRON WORKERS LOCAL 60 EDUCATION & TRAINING FUND