IRONWORKERS LOCAL UNION 399 JOINT APPRENTICESHIP COMMITTEE (EIN 222275029) - 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

1979

Legal Domicile

Principal Officer

Richard Sweeney

Phone

8564569323

Tax Period

2024-07-01 to 2025-06-30

IRONWORKERS LOCAL UNION 399 JOINT APPRENTICESHIP COMMITTEE, founded in 1979, is a small nonprofit in the Education sector that reported $932K in total revenue in fiscal year 2024. Net assets of $1.9M represent 24 months of operating reserves.

Mission

Training of members.

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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 $90,989

Program Service Revenue $783,219

Investment Income $56,751

Other Revenue $786

TOTAL REVENUE $931,745

Expense Breakdown

Grants Paid $0

Salaries & Benefits $611,835

Fundraising Expenses $0

Program Expenses $819,269

Other Expenses $324,848

TOTAL EXPENSES $936,683

Year-over-Year Comparison

	2024	2023	Change
Revenue	$931,745	$906,778	+0.0%
Expenses	$936,683	$795,238	+0.2%
Net Income	$-4,938	$111,540	-1.0%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Reportable Comp	Other Comp	Total
Richard Sweeney	Union Rep / Business Manager	2.00	$0	$123,689	$323,742
Gary Brown	Union Rep / Coordinator	45.00	$13,275	$121,488	$323,812
Robert Brown	Union Rep / Instructor	6.00	$57,728	$0	$58,225
Dennis Fallon	Union Rep / Instructor	6.00	$28,981	$0	$29,475
Christopher Leidy	Union Rep / Instructor	6.00	$71,732	$0	$72,226
Josue Luciano	Union Rep / Instructor	6.00	$19,526	$0	$19,526
Dan Smith	Union Rep / Instructor	6.00	$29,290	$0	$29,290
M Nick Barron	Employer Representative	2.00	$0	$0	$0
Michael Barron	Employer Representative	2.00	$0	$0	$0
Kim Shelters	Employer Representative	2.00	$0	$0	$0
Michael Principe Jr	Employer Representative	2.00	$0	$0	$0
Nick Merlino	Employer Representative	2.00	$0	$0	$0
Earl Mitchell	Employer Representative	2.00	$0	$0	$0
Anthony Mazziotto	Employer Representative	2.00	$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	$931,745	$936,683	$1,897,122	$-4,938
2024	No data	No data	No data	No data
2023	$908,684	$886,969	$1,754,579	$21,715
2022	$636,745	$831,096	$1,732,864	$-194,351
2021	$597,554	$644,013	$1,927,215	$-46,459
2020	$936,131	$528,716	$1,973,674	$407,415
2019	$527,031	$390,317	$1,566,259	$136,714
2018	$489,618	$435,106	$1,429,545	$54,512

IRONWORKERS LOCAL UNION 399 JOINT APPRENTICESHIP COMMITTEE