KML Carpenters' Apprenticeship and Training Fund (EIN 251346364) - 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

1979

Legal Domicile

Principal Officer

Board of Trustees

Phone

4122621830

Tax Period

2023-07-01 to 2024-06-30

KML Carpenters' Apprenticeship and Training Fund, founded in 1979, is a community nonprofit in the Employment sector that reported $7.6M in total revenue in fiscal year 2023. Net assets of $23.6M represent 37 months of operating reserves.

Mission

Training of apprentices and Journeyman

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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 $199,267

Program Service Revenue $6,638,638

Investment Income $614,280

Other Revenue $190,735

TOTAL REVENUE $7,642,920

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,483,083

Fundraising Expenses $0

Program Expenses $6,173,259

Other Expenses $3,411,662

TOTAL EXPENSES $7,894,745

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,642,920	$7,941,089	0.0%
Expenses	$7,894,745	$7,796,405	+0.0%
Net Income	$-251,825	$144,684	-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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM WATERKOTTE	TRUSTEE	1.00	Director	$0	$0	$0
WADE BAUMGARTNER	TRUSTEE	1.00	Director	$0	$0	$0
WILLIAM SPROULE	TRUSTEE	1.00	Director	$0	$0	$0
DAVE DAQUELENTE	TRUSTEE	1.00	Director	$0	$0	$0
RICHARD BARCASKEY	TRUSTEE	1.00	Director	$0	$0	$0
JOHN BUSSE	TRUSTEE	1.00	Director	$0	$0	$0
RICHARD DEKLEWA	TRUSTEE	1.00	Director	$0	$0	$0
ROB DOUGLAS	TRUSTEE	1.00	Director	$0	$0	$0
GORDON GIFFIN	TRUSTEE	1.00	Director	$0	$0	$0
JON O'BRIEN	TRUSTEE	1.00	Director	$0	$0	$0
JOLINE SOBECK	TRUSTEE	1.00	Director	$0	$0	$0
DREW SIMPSON	TRUSTEE	1.00	Director	$0	$0	$0
RICHARD FOLEY	TRUSTEE	1.00	Director	$0	$0	$0
PETE MILAN	TRUSTEE	1.00	Director	$0	$0	$0
DON MADEJA	TRUSTEE	1.00	Director	$0	$0	$0
JOEL NIECGORSKI	TRUSTEE	1.00	Director	$0	$0	$0
KEN UMBEL	TRUSTEE	1.00	Director	$0	$0	$0
STAN FISHER	TRUSTEE	1.00	Director	$0	$0	$0
DOUG MARTIN	TRUSTEE	1.00	Director	$0	$0	$0
SEAN FOLEY	TRUSTEE	1.00	Director	$0	$0	$0
SAM MCPHERSON	TRUSTEE	1.00	Director	$0	$0	$0
BRIAN POMEROY	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL REGAN	TRUSTEE	1.00	Director	$0	$0	$0
STEVE SCHRECENGOST	TRUSTEE	1.00	Director	$0	$0	$0
VICTOR MAGA	TRUSTEE	1.00	Director	$0	$0	$0
KEN THOMPSON	TRUSTEE	1.00	Director	$0	$0	$0
MATT TURKO	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	$7,642,920	$7,894,745	$23,609,701	$-251,825
2024	$4,339,283	$4,410,885	No data	$-71,602
2023	$7,941,089	$7,796,405	$22,698,083	$144,684
2022	$8,157,568	$6,954,292	$21,491,518	$1,203,276
2021	$7,109,936	$6,585,617	$22,471,431	$524,319

KML Carpenters' Apprenticeship and Training Fund