IRON WORKERS LOCAL 808 JOINT APPRE… - 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

1964

Legal Domicile

Principal Officer

ROBERT KNOST

Phone

4078590321

Tax Period

2024-07-01 to 2025-06-30

IRON WORKERS LOCAL 808 JOINT APPRENTICESHIP COMMITTEE TRUST FUND, founded in 1964, is a community nonprofit in the Employment sector that reported $1.4M in total revenue in fiscal year 2024. Revenue surged 39% from the prior year, signaling strong growth momentum. The organization ran a surplus of $483K, a strong 35% operating margin.

Mission

TO PROVIDE UP-TO-DATE TRAINING AND INSTRUCTION FOR APPRENTICES IN THE IRON WORKING INDUSTRY.

Program Service Accomplishments

Program 1

TRAINING AND EDUCATIONS OF APPRENTICES. INSTRUCTORS TEACH SKILLS REQUIRED FOR APPRENTICES TO SUCCEED IN THE IRON WORKING INDUSTRY.

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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 $1,364,829

Program Service Revenue $0

Investment Income $2,072

Other Revenue $0

TOTAL REVENUE $1,366,901

Expense Breakdown

Grants Paid $0

Salaries & Benefits $584,895

Fundraising Expenses $0

Other Expenses $298,752

TOTAL EXPENSES $883,647

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,366,901	$981,995	+0.4%
Expenses	$883,647	$821,411	+0.1%
Net Income	$483,254	$160,584	+2.0%

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

$183,710

Total Directors

$195,484

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GREG HOLMES	CHAIRMAN	5.00	Officer Director	$0	$0	$0
ROBERT KNOST	SECRETARY	5.00	Officer Director	$0	$58,743	$183,710
BRIAN GEORGE	TRUSTEE	5.00	Director	$0	$3,806	$11,774
PAUL METTE	TRUSTEE	5.00	Director	$0	$0	$0
SAMUEL SONGER	TRUSTEE	5.00	Director	$0	$0	$0
KEVIN IVEY	TRUSTEE	5.00	Director	$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	$1,366,901	$883,647	$1,908,644	$483,254
2024	$981,995	$821,411	$1,423,985	$160,584
2023	$1,079,699	$715,119	$1,264,490	$364,580
2022	$583,172	$661,418	$898,821	$-78,246
2021	$499,274	$540,051	$977,067	$-40,777
2020	$510,764	$495,448	$1,017,843	$15,316
2019	$486,955	$440,167	$1,002,609	$46,788
2018	$382,910	$311,590	$956,175	$71,320

IRON WORKERS LOCAL 808 JOINT APPRENTICESHIP COMMITTEE TRUST FUND