IRON WORKERS LOCAL 33 APPRENTICE TRAINING FUND (EIN 161038138) - 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

1994

Legal Domicile

Principal Officer

TIMOTHY STARWALD

Phone

5852882630

Tax Period

2023-07-01 to 2024-06-30

IRON WORKERS LOCAL 33 APPRENTICE TRAINING FUND, founded in 1994, is a small nonprofit in the Education sector that reported $272K in total revenue in fiscal year 2023. Revenue fell 28% from the prior year — a significant decline worth monitoring. Expenses of $260K left a modest 5% surplus.

Mission

TO PROVIDE TRAINING TO LOCAL UNION NO. 33 APPRENTICES IN ROCHESTER AND THE SURROUNDING AREA.

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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 $16,371

Program Service Revenue $239,881

Investment Income $4,952

Other Revenue $11,236

TOTAL REVENUE $272,440

Expense Breakdown

Grants Paid $0

Salaries & Benefits $165,006

Fundraising Expenses $0

Program Expenses $183,816

Other Expenses $95,024

TOTAL EXPENSES $260,030

Year-over-Year Comparison

	2023	2022	Change
Revenue	$272,440	$379,805	-0.3%
Expenses	$260,030	$257,811	+0.0%
Net Income	$12,410	$121,994	-0.9%

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

$88,438

Total Directors

$88,438

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEPHEN TAVERNIA	COORDINATOR	25.00	Officer Director	$48,054	$40,384	$88,438
WILLIAM BOULTER	TRUSTEE	N/A	Director	$0	$0	$0
TABER GEARTZ	TRUSTEE (FOR	N/A	Director	$0	$0	$0
DAVE PREST	TRUSTEE	N/A	Director	$0	$0	$0
TIMOTHY STARWALD	TRUSTEE	N/A	Officer 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	$272,440	$260,030	$983,011	$12,410
2023	$379,805	$257,811	$961,003	$121,994
2022	$467,095	$284,936	$945,012	$182,159
2021	$251,726	$225,340	$791,235	$26,386
2020	$361,624	$251,035	$749,322	$110,589
2019	$507,527	$202,025	$631,222	$305,502
2019	$507,527	$189,557	$643,690	$317,970

IRON WORKERS LOCAL 33 APPRENTICE TRAINING FUND