IRON WORKERS LOCAL NO 383 TRAINING… - 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

1971

Legal Domicile

Principal Officer

ANTHONY ANASTASI

Phone

6082789500

Tax Period

2023-09-01 to 2024-08-31

IRON WORKERS LOCAL NO 383 TRAINING PROGRAM TRUST, founded in 1971, is a small nonprofit that reported $688K in total revenue in fiscal year 2023.

Mission

PROVIDE TRAINING PROGRAMS FOR APPRENTICESHIPS AND JOURNEYMAN IRON WORKERS OF LOCAL 383

Program Service Accomplishments

Program 1

Expenses: $697,777 Revenue: $687,674

PROVIDE TRAINING PROGRAMS FOR APPRENTICESHIPS AND JOURNEYMAN IRON WORKERS OF LOCAL 383

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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 $0

Program Service Revenue $687,674

Investment Income $581

Other Revenue $0

TOTAL REVENUE $688,255

Expense Breakdown

Grants Paid $0

Salaries & Benefits $455,934

Fundraising Expenses $0

Program Expenses $697,777

Other Expenses $160,215

TOTAL EXPENSES $737,392

Year-over-Year Comparison

	2023	2022	Change
Revenue	$688,255	$658,893	+0.0%
Expenses	$737,392	$616,321	+0.2%
Net Income	$-49,137	$42,572	-2.2%

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

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
TIM DEMINTER	TRUSTEE	1.00	Officer Director	$0	$0	$0
ANTHONY ANASTASI	TRUSTEE	1.00	Officer Director	$0	$0	$0
JOHN RILEY	TRUSTEE	1.00	Director	$0	$0	$0
PATTY TEMPLIN	TRUSTEE	1.00	Director	$0	$0	$0
HANNAH WINCH	TRUSTEE	1.00	Director	$0	$0	$0
NATHAN HYDE	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
2025	No data	No data	No data	No data
2024	$688,255	$737,392	$567,437	$-49,137
2023	$658,893	$616,321	$615,636	$42,572
2022	$515,642	$573,880	$573,064	$-58,238
2021	$460,850	$519,328	$631,302	$-58,478
2020	$493,954	$478,086	$689,780	$15,868
2019	$569,114	$530,866	$673,912	$38,248
2018	$620,011	$503,754	$635,664	$116,257

IRON WORKERS LOCAL NO 383 TRAINING PROGRAM TRUST