TWIN CITY IRONWORKERS APPRENTICESHIP AND TRAINING FUND (EIN 237115395) - 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

1970

Legal Domicile

Principal Officer

CHRIS RUST

Phone

9528540795

Tax Period

2023-01-01 to 2023-12-31

TWIN CITY IRONWORKERS APPRENTICESHIP AND TRAINING FUND, founded in 1970, is a community nonprofit that reported $2.5M in total revenue in fiscal year 2023. Expenses of $2.3M left a modest 8% surplus.

Mission

APPRENTICESHIP TRAINING AND EDUCATION FOR IRONWORKERS AND PROSPECTIVE IRONWORKERS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $95,820

Program Service Revenue $2,384,488

Investment Income $8,348

Other Revenue $25,698

TOTAL REVENUE $2,514,354

Expense Breakdown

Grants Paid $0

Salaries & Benefits $152,508

Fundraising Expenses $0

Other Expenses $2,170,066

TOTAL EXPENSES $2,322,574

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,514,354	$2,408,221	+0.0%
Expenses	$2,322,574	$2,317,717	+0.0%
Net Income	$191,780	$90,504	+1.1%

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

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	Role	Reportable Comp	Other Comp	Total
MARK ZIEGLER	CHAIRMAN	1.00	Officer Director	$0	$0	$0
DAN SOWLES	MANAGEMENT TRUSTEE	1.00	Director	$0	$0	$0
BARRY DAVIES	SECRETARY	1.00	Officer Director	$0	$0	$0
BRYAN HUTCHINSON	MANAGEMENT TRUSTEE	1.00	Director	$0	$0	$0
SCOTT JOHNSON	UNION TRUSTEE	1.00	Director	$0	$0	$0
MARC JUREK	UNION TRUSTEE	1.00	Director	$0	$0	$0
DOUG MONTAVON	MANAGEMENT TRUSTEE	1.00	Director	$0	$0	$0
HEIDI GUNDERSON	MANAGEMENT TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL WALTERS	UNION TRUSTEE	1.00	Director	$0	$0	$0
CHRIS RUST	CHAIRMAN	1.00	Officer Director	$0	$0	$0
KEITH MUSOLF	UNION TRUSTEE	1.00	Director	$0	$0	$0
JOE WILLIAMS	MANAGEMENT TRUSTEE	1.00	Director	$0	$0	$0
NICK PERTUCELLE	UNION TRUSTEE	1.00	Director	$0	$0	$0
CLARK PALMER	UNION TRUSTEE	1.00	Director	$0	$0	$0
MIKE MAHOWALD	UNION TRUSTEE	1.00	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
2024	No data	No data	No data	No data
2023	$2,514,354	$2,322,574	$8,063,962	$191,780
2022	$2,408,221	$2,317,717	$7,879,383	$90,504
2021	$2,059,566	$2,069,652	$8,189,632	$-10,086
2020	$2,271,449	$2,022,602	$9,042,648	$248,847
2019	$2,557,531	$2,104,724	$9,427,296	$452,807
2018	$3,067,633	$2,168,325	$9,870,442	$899,308

TWIN CITY IRONWORKERS APPRENTICESHIP AND TRAINING FUND