IRONWORKERS LOCAL #12 EDUCATION AND TRAINING TRUST FUND (EIN 237232360) - 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

1972

Legal Domicile

Principal Officer

JOHN BISSAILLON

Phone

5184350470

Tax Period

2024-07-01 to 2025-06-30

IRONWORKERS LOCAL #12 EDUCATION AND TRAINING TRUST FUND, founded in 1972, is a small nonprofit in the Education sector that reported $668K in total revenue in fiscal year 2024. Revenue surged 58% from the prior year, signaling strong growth momentum. The organization ran a surplus of $120K, a strong 18% operating margin.

Mission

EDUCATION AND TRAINING OF 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $655,114

Investment Income $12,679

Other Revenue $500

TOTAL REVENUE $668,293

Expense Breakdown

Grants Paid $0

Salaries & Benefits $103,546

Fundraising Expenses $0

Program Expenses $228,443

Other Expenses $444,419

TOTAL EXPENSES $547,965

Year-over-Year Comparison

	2024	2023	Change
Revenue	$668,293	$423,596	+0.6%
Expenses	$547,965	$496,479	+0.1%
Net Income	$120,328	$-72,883	-2.7%

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

N/A

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

$192,158

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN BISSAILLON	TRUSTEE	1.00	Director	$0	$83,466	$192,158
HENRY DIGESER	TRUSTEE	1.00	Director	$0	$0	$0
WILLIAM CARR	TRUSTEE	1.00	Director	$0	$0	$0
MATTHEW CALKINS	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	$668,293	$547,965	$1,419,860	$120,328
2024	$434,499	$503,848	$1,351,780	$-69,349
2023	$421,995	$392,505	$1,462,185	$29,490
2022	$320,916	$343,472	$1,460,866	$-22,556
2021	$370,957	$353,843	$1,521,125	$17,114
2020	$430,704	$385,679	$1,534,975	$45,025
2019	$370,041	$402,598	$1,512,649	$-32,557
2018	$580,177	$408,300	$1,572,438	$171,877

IRONWORKERS LOCAL #12 EDUCATION AND TRAINING TRUST FUND