Ironworkers Local 11 Training Prog… - Form 990 Financial Data

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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

1963

Legal Domicile

Principal Officer

William Kolfenbach Jr

Phone

9733767230

Tax Period

2024-07-01 to 2025-06-30

Ironworkers Local 11 Training Program Trust, founded in 1963, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2024. Revenue surged 46% from the prior year, signaling strong growth momentum. The organization ran a surplus of $281K, a strong 19% operating margin.

Mission

TO PROVIDE TRAINING TO APPRENTICES AND EMPLOYEE MEMBERS.

Program Service Accomplishments

Program 1

THE TRUST MAINTAINS A TRAINING FACILITY AND OPERATES TRAINING PROGRAMS FOR IRONWORKERS. THE PLAN IS FUNDED BY CONTRIBUTIONS FROM ALL EMPLOYERS HAVING COLLECTIVE BARGAINING AGREEMENTS WITH IRON...

THE TRUST MAINTAINS A TRAINING FACILITY AND OPERATES TRAINING PROGRAMS FOR IRONWORKERS. THE PLAN IS FUNDED BY CONTRIBUTIONS FROM ALL EMPLOYERS HAVING COLLECTIVE BARGAINING AGREEMENTS WITH IRON WORKERS LOCAL UNION NO. 11.

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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 $14,892

Program Service Revenue $1,474,514

Investment Income $1,208

Other Revenue $17,549

TOTAL REVENUE $1,508,163

Expense Breakdown

Grants Paid $0

Salaries & Benefits $701,133

Fundraising Expenses $0

Other Expenses $458,877

TOTAL EXPENSES $1,227,260

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,508,163	$1,034,414	+0.5%
Expenses	$1,227,260	$1,164,234	+0.1%
Net Income	$280,903	$-129,820	-3.2%

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

$1,545,017

Key Employees

$203,693

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JACK KOCSIS JR	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
FRED ARCHER	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
ROBERT SHAW	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
DAVID MURAWSKI	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
STEVEN SANGLE	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
STEPHEN SWEENEY	UNION TRUSTEE	1.00	Director	$0	$0	$0
CHARLES MCFADDEN	UNION TRUSTEE	1.00	Director	$0	$150,841	$379,609
JOHN WADE JR	UNION TRUSTEE	1.00	Director	$0	$152,778	$389,191
RICHARD MALCOLM	UNION TRUSTEE	0.00	Director	$0	$152,778	$390,508
MICHAEL LESLIE	UNION TRUSTEE	0.00	Director	$0	$152,778	$385,709
EDWARD MIRONSKI	TRAINING COORDINATOR	40.00	Key Emp	$135,806	$67,887	$203,693

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	$1,508,163	$1,227,260	$1,271,274	$280,903
2024	$1,034,414	$1,164,234	$365,217	$-129,820
2023	$1,070,402	$1,208,302	$638,904	$-137,900
2022	$1,165,987	$1,346,967	$524,064	$-180,980
2021	$1,242,622	$1,262,454	$665,034	$-19,832
2020	$1,086,342	$1,211,270	$705,964	$-124,928
2019	$1,162,726	$1,322,253	$815,796	$-159,527
2018	$1,330,055	$1,277,221	$962,942	$52,834

Ironworkers Local 11 Training Program Trust