CARPENTERS-EMPLOYERS APPRENTICESHIP AND TRAINING TRUST FUND OF WASHINGTON-IDAHO

EIN: 237163057 501(c)(3)

KENT, WA

Total Revenue
$4,679,996
Total Expenses
$6,088,873
Total Assets
N/A
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1972
Legal Domicile
WA
Principal Officer
JIM GLEASON
Phone
2534375235
Tax Period
2024-01-01 to 2024-08-31

CARPENTERS-EMPLOYERS APPRENTICESHIP AND TRAINING TRUST FUND OF WASHINGTON-IDAHO, founded in 1972, is a community nonprofit that reported $4.7M in total revenue in fiscal year 2024. Revenue fell 73% from the prior year — a significant decline worth monitoring. Expenses of $6.1M exceeded revenue, resulting in a 30% operating deficit.

Mission

TO PROVIDE TRAINING AND RETRAINING TO ELIGIBLE PARTICIPANTS.

Program Service Accomplishments

Program 1
Expenses: $3,284,181 Revenue: $3,360,710

TO PROVIDE CARPENTERS TRAINING AND RETRAINING TO ELIGIBLE PARTICIPANTS.DURING THE 2023 YEAR, THE TRAINING TRUST HELD 1,424 CLASSES WITH 1,750 STUDENTS FOR OVER 56,960 STUDENT PARTICIPANT HOURS. THE...

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TO PROVIDE CARPENTERS TRAINING AND RETRAINING TO ELIGIBLE PARTICIPANTS.DURING THE 2023 YEAR, THE TRAINING TRUST HELD 1,424 CLASSES WITH 1,750 STUDENTS FOR OVER 56,960 STUDENT PARTICIPANT HOURS. THE CLASSES SERVE APPRENTICES STRIVING TO BECOME JOURNEY-PEOPLE AS WELL AS SERVING THE ESTABLISHED JOURNEY-PEOPLE IN OBTAINING NEW OR MAINTAINING SKILLS THROUGH CONTINUING EDUCATION.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $3,633,923
Investment Income $880,384
Other Revenue $165,689
TOTAL REVENUE $4,679,996

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,048,991
Fundraising Expenses $0
Program Expenses $3,284,181
Other Expenses $3,039,882
TOTAL EXPENSES $6,088,873

Year-over-Year Comparison

2024 2023 Change
Revenue $4,679,996 $17,087,298 -0.7%
Expenses $6,088,873 $11,036,618 -0.4%
Net Income $-1,408,877 $6,050,680 -1.2%
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

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Governance

Voting Members
7
Independent Members
7
Employees
36
Volunteers
7

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
2
$196,494
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANTHONY ALCOSTA TRUSTEE (THRU 1/22/24) 0.50
Director
$0 $0 $0
ANDREW LEDBETTER TRUSTEE 0.50
Director
$0 $0 $0
JESSE SCOTT-KANDOLL TRUSTEE 0.50
Director
$0 $0 $0
ERIC TAYLOR TRUSTEE 0.50
Director
$0 $0 $0
ANTHONY PENA TRUSTEE 0.50
Director
$0 $0 $0
JAMES T WELSH TRUSTEE 0.50
Director
$0 $0 $0
GERI URBAS TRUSTEE (THRU 1/22/24) 0.50
Director
$0 $0 $0
PAULA RESA EXECUTIVE DIRECTOR 40.00
Officer
$171,242 $25,252 $196,494
JACK HUTCHINSON CFO 40.00
Officer
$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 $4,679,996 $6,088,873 No data $-1,408,877
2023 $17,087,298 $11,036,618 $74,755,628 $6,050,680
2022 $16,341,422 $14,756,580 $68,247,787 $1,584,842
2021 $18,647,454 $13,972,309 $76,810,852 $4,675,145
2020 $14,496,430 $13,036,294 $73,154,963 $1,460,136
2019 $17,275,515 $13,663,927 $62,998,679 $3,611,588
2018 $15,338,403 $11,768,840 $49,590,818 $3,569,563
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