IBEW 269 JOINT APPRENTICESHIP AND TRAINING TRUST FUND (EIN 221839567) - 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

1912

Legal Domicile

Principal Officer

STEPHEN M ALDRICH

Phone

6093941337

Tax Period

2024-07-01 to 2025-06-30

IBEW 269 JOINT APPRENTICESHIP AND TRAINING TRUST FUND, founded in 1912, is a community nonprofit that reported $2.6M in total revenue in fiscal year 2024. Revenue surged 55% from the prior year, signaling strong growth momentum. The organization ran a surplus of $490K, a strong 19% operating margin.

Mission

TO MAINTAIN TRAINING FACILITIES TO PROVIDE FOR TRAINING OF APPRENTICES.

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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 $2,277,076

Investment Income $231,730

Other Revenue $133,704

TOTAL REVENUE $2,642,510

Expense Breakdown

Grants Paid $0

Salaries & Benefits $604,220

Fundraising Expenses $0

Program Expenses $2,152,700

Other Expenses $1,412,617

TOTAL EXPENSES $2,152,700

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,642,510	$1,700,201	+0.6%
Expenses	$2,152,700	$1,862,426	+0.2%
Net Income	$489,810	$-162,225	-4.0%

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

$1,388,556

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GINO A PASQUALONE	TRUSTEE	1.00	Director	$0	$107,500	$354,747
WAYNE DEANGELO	TRUSTEE	1.00	Director	$0	$100,012	$347,260
STEPHEN M ALDRICH	TRUSTEE	1.00	Director	$0	$115,546	$395,059
MICHAEL NIELSEN	TRUSTEE	1.00	Director	$0	$0	$0
TIMOTHY BRYAN JR	TRUSTEE	1.00	Director	$0	$0	$0
ROBERT EWANIS	TRUSTEE	1.00	Director	$0	$0	$0
JAYSON MAKSYMOVICH	TRAINING DIRECTOR	40.00	Director	$197,409	$94,081	$291,490

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	$2,642,510	$2,152,700	$3,042,380	$489,810
2024	$1,700,201	$1,862,426	$2,610,770	$-162,225
2023	$1,282,177	$1,846,656	$2,666,351	$-564,479
2022	$1,403,085	$1,494,711	$3,076,639	$-91,626
2021	$1,461,710	$1,250,974	$3,620,361	$210,736
2020	$1,473,176	$1,274,284	$3,349,447	$198,892
2019	$1,265,645	$1,181,954	$3,193,393	$83,691

IBEW 269 JOINT APPRENTICESHIP AND TRAINING TRUST FUND