IRON WORKERS LOCAL 9 APPRENTICESHIP TRAINING TRUST FUND (EIN 222514036) - 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

1960

Legal Domicile

Principal Officer

JASON LAGAMBA

Phone

7162855738

Tax Period

2024-07-01 to 2025-06-30

IRON WORKERS LOCAL 9 APPRENTICESHIP TRAINING TRUST FUND, founded in 1960, is a small nonprofit that reported $424K in total revenue in fiscal year 2024. Revenue surged 123% from the prior year, signaling strong growth momentum. The organization ran a surplus of $261K, a strong 62% operating margin.

Mission

THE APPRENTICESHIP TRAINING PROGRAM ENCOURAGES CAREFUL SELECTION OF POTENTIAL CANDIDATES COMING INTO THE TRADE, PROVIDES BETTER TRAINING FOR APPRENTICES WHO ARE NOW PARTICIPATING IN THE PROGRAM, ASSISTS IN PROVIDING GUIDANCE THAT WILL EQUIP MEMBERS FOR PROFITABLE EMPLOYMENT AND GOOD CITIZENSHIP, AND PROVIDES ASSURANCE OF QUALIFIED WORKERS TO THE SIGNATORY EMPLOYERS SO THAT THE PUBLIC COULD RECEIVE THE BEST POSSIBLE WORKMANSHIP.

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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 $38,450

Program Service Revenue $384,368

Investment Income $39

Other Revenue $870

TOTAL REVENUE $423,727

Expense Breakdown

Grants Paid $0

Salaries & Benefits $49,826

Fundraising Expenses $0

Other Expenses $112,687

TOTAL EXPENSES $162,513

Year-over-Year Comparison

	2024	2023	Change
Revenue	$423,727	$190,150	+1.2%
Expenses	$162,513	$149,223	+0.1%
Net Income	$261,214	$40,927	+5.4%

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

$10,041

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ADAM DICKEY	TRUSTEE	3.50	Director	$6,648	$0	$6,648
CHRISTOPHER MASTERS	SECRETARY	0.50	Director	$3,393	$0	$3,393
DAN BELVISO	CHAIRMAN/INS	3.50	Director	$0	$0	$0
JAMES CUMMINGS	TRUSTEE	0.50	Director	$0	$0	$0
CRYSTAL JONATHAN	TRUSTEE	0.50	Director	$0	$0	$0
MICHAEL KESSLER JR	TRUSTEE	0.50	Director	$0	$0	$0
SCOTT BRYDGES	TRAIN ADMIN	2.00	Officer	$0	$0	$0
JASON LAGAMBA	TRAINING ADM	2.00	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	$423,727	$162,513	$575,091	$261,214
2024	$190,150	$149,223	$313,877	$40,927
2023	$285,711	$129,247	$272,950	$156,464

IRON WORKERS LOCAL 9 APPRENTICESHIP TRAINING TRUST FUND