Ironworkers Local 292 Gen Bldg Cont AssnEd Fd (EIN 237120105) - 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

1940

Legal Domicile

Principal Officer

Robert Kara

Phone

5742889033

Tax Period

2024-12-01 to 2025-11-30

Ironworkers Local 292 Gen Bldg Cont AssnEd Fd, founded in 1940, is a small nonprofit in the Employment sector that reported $771K in total revenue in fiscal year 2024. Revenue surged 82% from the prior year, signaling strong growth momentum. The organization ran a surplus of $200K, a strong 26% operating margin.

Mission

Apprentice training program by Local Union 292 IABSO and general building contractors to select individuals, arrange their classrooms provide on the job training and books

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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 $557,266

Program Service Revenue $212,246

Investment Income $1,696

Other Revenue $0

TOTAL REVENUE $771,208

Expense Breakdown

Grants Paid $0

Salaries & Benefits $240,201

Fundraising Expenses $0

Program Expenses $571,273

Other Expenses $331,072

TOTAL EXPENSES $571,273

Year-over-Year Comparison

	2024	2023	Change
Revenue	$771,208	$423,778	+0.8%
Expenses	$571,273	$438,886	+0.3%
Net Income	$199,935	$-15,108	-14.2%

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

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

$104,602

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Robert Kara	Trustee/Business Manager	2.00	Director	$0	$0	$0
Robert Byers	Trustee/Business Manager	2.00	Director	$3,920	$0	$3,920
Aaron Bobson	Trustee	2.00	Director	$0	$0	$0
Travis Horvath	Trustee	2.00	Director	$0	$0	$0
Terry Minix	Trustee	2.00	Director	$0	$0	$0
Matt Young	Trustee	2.00	Director	$0	$0	$0
Levi Row	Trustee	2.00	Director	$0	$0	$0
Blake Freehling	Apprenticeship Coordinator	40.00	Director	$100,682	$0	$100,682

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	$771,208	$571,273	$429,664	$199,935
2024	$423,778	$438,886	$228,475	$-15,108
2023	$362,703	$411,776	$243,425	$-49,073
2022	$450,516	$433,487	$292,247	$17,029
2021	$393,076	$381,882	$275,637	$11,194
2020	$260,515	$334,335	$261,519	$-73,820
2019	$253,045	$230,947	$336,345	$22,098
2018	$317,536	$330,539	$308,634	$-13,003

Ironworkers Local 292 Gen Bldg Cont AssnEd Fd