IRONWORKERS LOCAL 6 TRAINING FUND (EIN 161172173) - 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

1981

Legal Domicile

Principal Officer

JAMES C LOGAN

Phone

7168753435

Tax Period

2023-07-01 to 2024-06-30

IRONWORKERS LOCAL 6 TRAINING FUND, founded in 1981, is a small nonprofit in the Education sector that reported $292K in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. The organization ran a surplus of $93K, a strong 32% operating margin.

Mission

TO PROVIDE IRONWORKER TRAINING AND RETRAINING FOR JOURNEYMEN AND 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 (2023)

Revenue Breakdown

Contributions & Grants $37,319

Program Service Revenue $236,831

Investment Income $13,733

Other Revenue $4,200

TOTAL REVENUE $292,083

Expense Breakdown

Grants Paid $0

Salaries & Benefits $69,786

Fundraising Expenses $0

Program Expenses $163,411

Other Expenses $129,040

TOTAL EXPENSES $198,826

Year-over-Year Comparison

	2023	2022	Change
Revenue	$292,083	$255,242	+0.1%
Expenses	$198,826	$159,960	+0.2%
Net Income	$93,257	$95,282	0.0%

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

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

$12,656

Total Directors

$200

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GUY BUGMAN	ADMINISTRATO	8.00	Officer	$10,976	$1,680	$12,656
BRIAN HART	TRUSTEE	1.00	Director	$200	$0	$200
THOMAS HALLIGAN	CHAIRMAN (FO	1.00	Director	$0	$0	$0
JAMES C LOGAN	TRUSTEE/SECR	2.00	Officer Director	$0	$0	$0
CHRIS OKIE	TRUSTEE	1.00	Director	$0	$0	$0
THOMAS SAIA	TRUSTEE	1.00	Director	$0	$0	$0
JAMES WILLIS III	TRUSTEE	1.00	Officer	$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	$292,083	$198,826	$850,457	$93,257
2023	$255,242	$159,960	$765,001	$95,282
2022	$151,820	$137,448	$631,749	$14,372
2021	$175,561	$122,209	$666,824	$53,352
2020	$134,112	$119,039	$618,052	$15,073
2019	$196,127	$173,899	$589,483	$22,228

IRONWORKERS LOCAL 6 TRAINING FUND