INSULATORS LOCAL 37 JOINT APPRENTICESHIP & TRAINING FUND (EIN 272790409) - 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

2010

Legal Domicile

Principal Officer

STEVEN CARR

Phone

8124772341

Tax Period

2023-01-01 to 2023-12-31

INSULATORS LOCAL 37 JOINT APPRENTICESHIP & TRAINING FUND, founded in 2010, is a small nonprofit in the Employment sector that reported $239K in total revenue in fiscal year 2023. Expenses of $328K exceeded revenue, resulting in a 37% operating deficit.

Mission

PROVIDING FUNDING AND OPERATION OF THE APPRENTICESHIP AND TRAINING PROGRAM FOR OUR MEMBERS AND SUPPLYING OUR SIGNATORY CONTRACTORS WITH A SKILLED WORK FORCE.

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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 $53,091

Program Service Revenue $185,641

Investment Income $22

Other Revenue $0

TOTAL REVENUE $238,754

Expense Breakdown

Grants Paid $40,678

Salaries & Benefits $139,040

Fundraising Expenses $0

Other Expenses $148,521

TOTAL EXPENSES $328,239

Year-over-Year Comparison

	2023	2022	Change
Revenue	$238,754	$233,899	+0.0%
Expenses	$328,239	$233,199	+0.4%
Net Income	$-89,485	$700	-128.8%

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

$90,780

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICK BLEDSO	DIRECTOR/ADMINISTRATOR	25.50	Director	$79,709	$0	$79,709
DEMETRIUS TINSLEY	BOARD MEMBER	0.50	Director	$0	$0	$0
ROBERT HARNER	BOARD MEMBER	1.50	Director	$11,071	$0	$11,071
RYAN HOBGOOD	BOARD MEMBER	0.50	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	$238,754	$328,239	$162,108	$-89,485
2022	$233,899	$233,199	$282,881	$700
2021	$293,880	$361,387	$246,898	$-67,507
2020	$310,252	$388,658	$320,063	$-78,406
2019	$323,898	$385,655	$397,173	$-61,757
2018	$406,532	$478,042	$462,935	$-71,510

INSULATORS LOCAL 37 JOINT APPRENTICESHIP & TRAINING FUND