INTERNATIONAL MASONRY TRAINING AND… - 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

2009

Legal Domicile

Principal Officer

CARYN A HALIFAX

Phone

3012912105

Tax Period

2024-01-01 to 2024-12-31

INTERNATIONAL MASONRY TRAINING AND EDUCATION FOUNDATION, founded in 2009, is a mid-sized nonprofit in the Education sector that reported $24.3M in total revenue in fiscal year 2024.

Mission

TO SUPPORT TRAINING AND EDUCATION PROGRAMS FOR THE MASONRY INDUSTRY

Program Service Accomplishments

Program 1

Expenses: $25,039,367 Revenue: $23,533,313

OPERATE TRAINING CENTER FOR THE SUPPORT OF THE EDUCATION AND TRAINING PROGRAMS FOR TROWEL TRADES APPRENTICES, JOURNEYWORKERS, OR OTHER APPROPRIATE PERSONS IN THE MASONRY INDUSTRY

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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 $23,467,996

Investment Income $733,273

Other Revenue $65,317

TOTAL REVENUE $24,266,586

Expense Breakdown

Grants Paid $0

Salaries & Benefits $16,729,717

Fundraising Expenses $0

Program Expenses $25,039,367

Other Expenses $8,309,650

TOTAL EXPENSES $25,039,367

Year-over-Year Comparison

	2024	2023	Change
Revenue	$24,266,586	$24,593,795	0.0%
Expenses	$25,039,367	$24,747,620	+0.0%
Net Income	$-772,781	$-153,825	+4.0%

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

174

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

$506,667

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEITH HOCEVAR	TRUSTEE	1.00	Director	$0	$0	$0
DANIEL KWIATKOWSKI	TRUSTEE	1.00	Director	$0	$0	$0
TIM DRISCOLL	CO-CHAIR	1.00	Director	$0	$0	$0
ROBERT HOOVER	TRUSTEE	1.00	Director	$0	$0	$0
CHARLES RASO	TRUSTEE	1.00	Director	$0	$0	$0
JEREMIAH SULLIVAN JR	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL SCHMERBECK	CO-CHAIR	1.00	Director	$0	$0	$0
JOHN TRENDELL	DIRECTOR	1.00	Director	$0	$0	$0
GREG HESS	FORMER TRUSTEE	1.00	Director	$0	$0	$0
CARYN HALIFAX	PRESIDENT	1.00	Officer	$0	$198,296	$506,667
ANTHONY DIPERNA	NATIONAL DIRECTOR A&T	40.00	Highest	$276,052	$151,311	$427,363
DAVID WYSOCKI	REGIONAL TRAINING DIRECTOR	40.00	Highest	$170,677	$105,068	$275,745
KEVIN BOBO	DIRECTOR OF PROGRAM OPERAT	40.00	Highest	$154,952	$98,100	$253,052
JONATHAN HOLSGROVE	REGIONAL TRAINING DIRECTOR	40.00	Highest	$162,439	$98,166	$260,605
JOSE ORTIZ	REGIONAL TRAINING DIRECTOR	40.00	Highest	$144,274	$93,302	$237,576

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	$24,266,586	$25,039,367	$45,708,971	$-772,781
2023	$24,593,795	$24,747,620	$47,788,828	$-153,825
2022	$23,163,910	$24,520,172	$48,896,770	$-1,356,262
2021	$23,973,687	$21,565,298	$50,955,407	$2,408,389
2020	$21,563,901	$20,174,048	$51,510,567	$1,389,853
2019	$25,459,823	$24,488,064	$49,502,402	$971,759
2018	$23,879,519	$22,649,633	$48,864,381	$1,229,886

INTERNATIONAL MASONRY TRAINING AND EDUCATION FOUNDATION