Iron Workers Local 399 Project Targeting Trust Fund (EIN 276306737) - 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

2009

Legal Domicile

Principal Officer

Richard Sweeney

Phone

8564569323

Tax Period

2021-07-01 to 2022-06-30

Iron Workers Local 399 Project Targeting Trust Fund, founded in 2009, is a micro nonprofit that reported $23 in total revenue in fiscal year 2021. Revenue fell 94% from the prior year — a significant decline worth monitoring. Expenses of $59K exceeded revenue, resulting in a 255335% operating deficit.

Mission

Provide employment opportunities

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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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $23

Other Revenue $0

TOTAL REVENUE $23

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $58,750

TOTAL EXPENSES $58,750

Year-over-Year Comparison

	2021	2020	Change
Revenue	$23	$359	-0.9%
Expenses	$58,750	$99,814	-0.4%
Net Income	$-58,727	$-99,455	-0.4%

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

$874,660

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Richard Sweeney	Union Trustee	2.00	Director	$0	$117,885	$295,112
Gary Brown	Union Trustee	2.00	Director	$0	$115,283	$291,779
Greg Ferretti	Union Trustee	2.00	Director	$0	$115,283	$287,769
Michael Barron	Employer Trustee	2.00	Director	$0	$0	$0
Joseph Merlino	Employer Trustee	2.00	Director	$0	$0	$0
Fred Archer	Employer 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
2022	$23	$58,750	No data	$-58,727
2021	$359	$99,814	$55,288	$-99,455
2020	$2,293	$263,018	$154,142	$-260,725
2019	$6,552	$241,112	$415,380	$-234,560
2018	$7,749	$189,632	$649,824	$-181,883

Iron Workers Local 399 Project Targeting Trust Fund