FINISHING TRADES INSTITUTE OF THE … - 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

2002

Legal Domicile

Principal Officer

BRIAN STANLEY

Phone

3043438250

Tax Period

2022-07-01 to 2023-06-30

FINISHING TRADES INSTITUTE OF THE WEST VIRGINIA REGION INC, founded in 2002, is a community nonprofit in the Education sector that reported $1.0M in total revenue in fiscal year 2022. Revenue surged 46% from the prior year, signaling strong growth momentum. The organization ran a surplus of $294K, a strong 28% operating margin.

Mission

OPERATE AN APPRENTICESHIP AND VOCATIONAL TRAINING TRUST FUND.

Program Service Accomplishments

Program 1

Expenses: $650,896 Revenue: $10,842

OPERATE AN APPRENTICESHIP AND TRAINING PROGRAM TO IMPROVE THE KNOWLEDGE AND TRAINING AMONG MEMBERS OF THE VARIOUS INDUSTRIES IN THE PAINTING AND ALLIED TRADES; THAT WILL ENCOURAGE ENTRY INTO THESE...

OPERATE AN APPRENTICESHIP AND TRAINING PROGRAM TO IMPROVE THE KNOWLEDGE AND TRAINING AMONG MEMBERS OF THE VARIOUS INDUSTRIES IN THE PAINTING AND ALLIED TRADES; THAT WILL ENCOURAGE ENTRY INTO THESE TRADES OF ALL INDIVIDUALS SO DESIRING; WHICH TRAINS MEMBERS TO SKILLFULLY CARRY OUT THE DUTIES OF PAINTING AND ALLIED TRADE POSITIONS IN THE VARIOUS INDUSTRIES; WHICH ADDRESSES DEVELOPMENTS IN TECHNOLOGY AND APPLICATION OF NEW PRODUCTS; AND WHICH ENSURES THAT ALL SUCH TRAINING AND APPRENTICESHIP PROGRAMS ARE UNDERTAKEN AT THE HIGHEST LEVEL OF QUALITY.

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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 (2022)

Revenue Breakdown

Contributions & Grants $1,012,328

Program Service Revenue $10,842

Investment Income $16,262

Other Revenue $9,158

TOTAL REVENUE $1,048,590

Expense Breakdown

Grants Paid $0

Salaries & Benefits $363,898

Fundraising Expenses $0

Program Expenses $650,896

Other Expenses $391,131

TOTAL EXPENSES $755,029

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,048,590	$718,253	+0.5%
Expenses	$755,029	$656,777	+0.1%
Net Income	$293,561	$61,476	+3.8%

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

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
BRIAN STANLEY	CO-CHAIR UNI	1.00	Officer Director	$0	$0	$0
KENNETH BOWEN	CO-CHAIR MGT	0.80	Officer Director	$0	$0	$0
JON SLOAN	TRUSTEE	0.30	Director	$0	$0	$0
DJ EDDY	TRUSTEE	0.30	Director	$0	$0	$0
JERRY SCARBRO	TRUSTEE	0.30	Director	$0	$0	$0
RODNEY SKAGGS	TRUSTEE	0.30	Director	$0	$0	$0
HAROLD KELLER	TRUSTEE	0.30	Director	$0	$0	$0
GLENN JEFFRIES	TRUSTEE	0.30	Director	$0	$0	$0
JESSIE VALENTINE	TRUSTEE	0.30	Director	$0	$0	$0
JAMES SPEECE	TRUSTEE	0.30	Director	$0	$0	$0
RYAN DUNBAR	TRUSTEE	0.30	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$1,048,590	$755,029	$898,944	$293,561
2022	$718,253	$656,777	$591,010	$61,476
2021	$717,451	$689,874	$497,413	$27,577
2020	$661,794	$649,624	$329,983	$12,170
2019	$879,069	$770,518	$317,030	$108,551
2018	$707,953	$710,500	$208,006	$-2,547

FINISHING TRADES INSTITUTE OF THE WEST VIRGINIA REGION INC