IUPAT DISTRICT COUNCIL 81 JOINT APPRENTICESHIP AND TRAINING TRUST (EIN 203834228) - 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

2005

Legal Domicile

Principal Officer

JEREMIAH FITCH

Phone

5152890482

Tax Period

2024-07-01 to 2025-06-30

IUPAT DISTRICT COUNCIL 81 JOINT APPRENTICESHIP AND TRAINING TRUST, founded in 2005, is a community nonprofit in the Education sector that reported $1.0M in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. Expenses of $1.1M exceeded revenue, resulting in a 14% operating deficit.

Mission

APPRENTICESHIP AND TRAINING PROGRAM

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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 $895,299

Investment Income $111,630

Other Revenue $0

TOTAL REVENUE $1,006,929

Expense Breakdown

Grants Paid $0

Salaries & Benefits $698,951

Fundraising Expenses $0

Program Expenses $884,039

Other Expenses $445,167

TOTAL EXPENSES $1,144,118

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,006,929	$1,103,437	-0.1%
Expenses	$1,144,118	$1,016,193	+0.1%
Net Income	$-137,189	$87,244	-2.6%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAUL COMISKEY	CHAIRMAN	2.00	Director	$0	$0	$0
ADAM DRAKE	TRUSTEE	2.00	Director	$0	$0	$0
JEREMIAH FITCH	CO CHAIR	2.00	Director	$0	$0	$0
JOSH KREUL	TRUSTEE	2.00	Director	$0	$0	$0
RICK LUNDVALL	TRUSTEE	2.00	Director	$0	$0	$0
DEREK MOLYNEUX	TRUSTEE	2.00	Director	$0	$0	$0
CHRIS SWARTZ	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	$1,006,929	$1,144,118	$3,207,109	$-137,189
2024	$1,103,437	$1,016,193	$3,357,488	$87,244
2023	$1,095,381	$1,030,331	$3,261,770	$65,050
2022	$990,136	$869,049	$3,193,409	$121,087
2021	$1,182,726	$774,167	$3,072,358	$408,559
2020	$964,996	$745,344	$2,562,197	$219,652

IUPAT DISTRICT COUNCIL 81 JOINT APPRENTICESHIP AND TRAINING TRUST