IATSE Local 8 Training Fund (EIN 271612216) - 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

2011

Legal Domicile

Principal Officer

MIchael Barnes

Phone

2157320101

Tax Period

2023-01-01 to 2023-12-31

IATSE Local 8 Training Fund, founded in 2011, is a small nonprofit in the Education sector that reported $450K in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. The organization ran a surplus of $115K, a strong 26% operating margin.

Mission

Training association

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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 $444,005

Investment Income $0

Other Revenue $6,475

TOTAL REVENUE $450,480

Expense Breakdown

Grants Paid $0

Salaries & Benefits $214,517

Fundraising Expenses $0

Program Expenses $313,792

Other Expenses $120,710

TOTAL EXPENSES $335,227

Year-over-Year Comparison

	2023	2022	Change
Revenue	$450,480	$389,216	+0.2%
Expenses	$335,227	$227,769	+0.5%
Net Income	$115,253	$161,447	-0.3%

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
Michael Barnes	Trustee	2.00	Director	$0	$0	$0
Daniel Amadie	Trustee	2.00	Director	$0	$0	$0
Frank Grasso	Trustee	2.00	Director	$0	$0	$0
John Stevenson	Trustee	2.00	Director	$0	$0	$0
David Thiele	Trustee	2.00	Director	$0	$0	$0
James Gentile	Trustee	2.00	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	No data	No data	No data	No data
2023	$450,480	$335,227	$366,961	$115,253
2022	$389,216	$227,769	$250,808	$161,447
2021	$314,553	$322,685	$89,361	$-8,132
2020	$170,967	$389,996	$97,493	$-219,029
2019	$378,346	$308,755	$316,522	$69,591
2018	$341,392	$310,624	$246,931	$30,768

IATSE Local 8 Training Fund