WORCESTER JOINT APPRENTICESHIP & TRAINING FUND (EIN 237042423) - 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

1969

Legal Domicile

Principal Officer

JAMES ARTHUR

Phone

5087538635

Tax Period

2022-07-01 to 2023-06-30

WORCESTER JOINT APPRENTICESHIP & TRAINING FUND, founded in 1969, is a small nonprofit that reported $424K in total revenue in fiscal year 2022. Revenue surged 21% from the prior year, signaling strong growth momentum. The organization ran a surplus of $159K, a strong 37% operating margin.

Mission

TO PROVIDE APPRENTICESHIP TRAINING COURSES AND ONGOING PROFESSIONAL EDUCATION AND SAFETY TRAINING FOR 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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $454,176

Investment Income $564

Other Revenue $-30,728

TOTAL REVENUE $424,012

Expense Breakdown

Grants Paid $0

Salaries & Benefits $105,533

Fundraising Expenses $0

Program Expenses $179,185

Other Expenses $145,308

TOTAL EXPENSES $265,231

Year-over-Year Comparison

	2022	2021	Change
Revenue	$424,012	$351,333	+0.2%
Expenses	$265,231	$236,799	+0.1%
Net Income	$158,781	$114,534	+0.4%

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

N/A

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

$720

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS MALONEY	CHAIRMAN	1.00	Director	$0	$0	$0
SAMUEL OSTROW	SEC/TREASURER	1.00	Director	$0	$0	$0
PETER LIDDY II	TRUSTEE	1.00	Director	$0	$0	$0
DAVID MARTINELLI	TRUSTEE	1.00	Director	$0	$0	$0
BRIAN MENARD	TRUSTEE	1.00	Director	$0	$0	$0
JEFFREY LASSEY	TRUSTEE	1.00	Director	$720	$0	$720

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$424,012	$265,231	$612,410	$158,781
2022	$351,333	$236,799	$449,740	$114,534
2021	$289,095	$145,608	$332,735	$143,487
2020	$194,598	$206,306	$198,460	$-11,708
2019	$165,266	$233,739	$201,390	$-68,473
2018	$189,995	$224,948	$270,523	$-34,953
2018	$189,995	$224,948	$270,523	$-34,953

WORCESTER JOINT APPRENTICESHIP & TRAINING FUND