REINFORCED IRON WORKERS RIGGERS & MACHINERY MOVERS APPRENTICE FUND (EIN 232041194) - 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

1993

Legal Domicile

Principal Officer

Michael Knobbs

Phone

2154627300

Tax Period

2024-07-01 to 2025-06-30

REINFORCED IRON WORKERS RIGGERS & MACHINERY MOVERS APPRENTICE FUND, founded in 1993, is a small nonprofit that reported $300K in total revenue in fiscal year 2024. Expenses of $345K exceeded revenue, resulting in a 15% operating deficit.

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 $48,395

Program Service Revenue $235,620

Investment Income $16,041

Other Revenue $0

TOTAL REVENUE $300,056

Expense Breakdown

Grants Paid $0

Salaries & Benefits $143,440

Fundraising Expenses $0

Program Expenses $230,101

Other Expenses $97,673

TOTAL EXPENSES $344,669

Year-over-Year Comparison

	2024	2023	Change
Revenue	$300,056	$290,151	+0.0%
Expenses	$344,669	$403,070	-0.1%
Net Income	$-44,613	$-112,919	-0.6%

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	Reportable Comp	Other Comp	Total
Benjamin Connors	Employer Trustee	5.00	$0	$0	$0
Joseph Merlino	Employer Trustee	5.00	$0	$0	$0
Jim Perry	Employer Trustee	5.00	$0	$0	$0
Mike Knobbs	Union Trustee	5.00	$0	$98,709	$272,174
Francis Kane	Past Union Trustee	5.00	$2,847	$56,612	$143,665
Len Ciancaglini	Union Trustee	5.00	$0	$98,709	$261,973
Joe Brusco	Union Trustee	5.00	$0	$42,881	$125,198

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	$300,056	$344,669	$507,476	$-44,613
2024	$290,151	$403,070	$513,206	$-112,919
2023	$326,374	$366,163	$577,724	$-39,789
2022	$294,155	$339,598	$703,191	$-45,443
2021	$324,338	$324,377	$702,814	$-39
2020	$257,251	$198,694	$654,232	$58,557
2019	$297,851	$222,228	$629,588	$75,623
2018	$224,875	$291,712	$480,636	$-66,837

REINFORCED IRON WORKERS RIGGERS & MACHINERY MOVERS APPRENTICE FUND