WESTERN GREAT LAKES FINISHING TRADES INSTITUTE TRUST FUND (EIN 201294360) - 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

2004

Legal Domicile

Principal Officer

BRIAN BAUMGARTNER

Phone

2627977800

Tax Period

2024-06-01 to 2025-05-31

WESTERN GREAT LAKES FINISHING TRADES INSTITUTE TRUST FUND, founded in 2004, is a community nonprofit in the Education sector that reported $5.3M in total revenue in fiscal year 2024. Revenue surged 80% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.0M, a strong 56% operating margin.

Mission

THE FUND PROVIDES ELIGIBLE MEMBERS WITH APPRENTICESHIP, EDUCATION, AND TRAINING.

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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 $36,924

Program Service Revenue $1,954,538

Investment Income $3,232,804

Other Revenue $45,897

TOTAL REVENUE $5,270,163

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,183,263

Fundraising Expenses $0

Program Expenses $1,312,406

Other Expenses $1,120,285

TOTAL EXPENSES $2,303,548

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,270,163	$2,928,822	+0.8%
Expenses	$2,303,548	$2,676,270	-0.1%
Net Income	$2,966,615	$252,552	+10.7%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIAN BAUMGARTNER	CHAIRMAN	2.00	Officer Director	$0	$0	$0
BETHANY KELEHER	SECRETARY-TREASURER	2.00	Officer Director	$0	$0	$0
DAN CARTLEDGE	MANAGEMENT CHAIR	2.00	Officer Director	$0	$0	$0
JEFF MEHRHOFF	LABOR TRUSTEE	2.00	Director	$0	$0	$0
TRAVIS CARY	LABOR TRUSTEE	2.00	Director	$0	$0	$0
JEFF ARNOLD	LABOR TRUSTEE	2.00	Director	$0	$0	$0
DEAN WANTY	LABOR TRUSTEE	2.00	Director	$0	$0	$0
ADAM GIFFORD	LABOR TRUSTEE	2.00	Director	$0	$0	$0
MICHAEL WINGHART	MANAGEMENT TRUSTEE	2.00	Director	$0	$0	$0
SENAN NASH	MANAGEMENT TRUSTEE	2.00	Director	$0	$0	$0
MICHAEL MALOFSKY	MANAGEMENT TRUSTEE (UNTIL 4/10/25)	2.00	Director	$0	$0	$0
AMANDA MARTIN	MANAGEMENT TRUSTEE	2.00	Director	$0	$0	$0
GREG BOSK	MANAGEMENT TRUSTEE	2.00	Director	$0	$0	$0
ANDY BUCK	LABOR TRUSTEE (STARTED 6/3/24)	2.00	Director	$0	$0	$0
JENNI NEDUZAK	LABOR TRUSTEE (STARTED 6/3/24)	2.00	Director	$0	$0	$0
RYAN FUHRMANN	MANAGEMENT TRUSTEE (STARTED 4/10/25)	2.00	Director	$0	$0	$0
ADAM HOLMES	DIRECTOR OF TRAINING	40.00	Highest	$120,712	$78,071	$198,783
JORDAN BLATTER	INSTRUCTOR	40.00	Highest	$111,387	$57,121	$168,508

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	$5,270,163	$2,303,548	$6,049,117	$2,966,615
2024	$2,928,822	$2,676,270	$3,367,256	$252,552
2023	$2,142,847	$2,291,091	$3,415,876	$-148,244
2022	$1,952,776	$1,966,846	$1,218,551	$-14,070
2021	$1,846,839	$1,762,233	$1,217,782	$84,606
2020	$2,106,691	$1,908,276	$1,235,830	$198,415
2019	$1,280,278	$1,495,610	$832,933	$-215,332
2018	$1,367,872	$1,407,301	$1,045,546	$-39,429

WESTERN GREAT LAKES FINISHING TRADES INSTITUTE TRUST FUND