Ironworkers Joint Appenticeship Trust Fund 550 (EIN 341085729) - 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

1971

Legal Domicile

Principal Officer

Sean Dickmann

Phone

3304555164

Tax Period

2024-01-01 to 2024-12-31

Ironworkers Joint Appenticeship Trust Fund 550, founded in 1971, is a small nonprofit that reported $508K in total revenue in fiscal year 2024. Net assets of $1.1M represent 26 months of operating reserves.

Mission

Education & Training of Apprentices

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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 $493,274

Investment Income $212

Other Revenue $15,013

TOTAL REVENUE $508,499

Expense Breakdown

Grants Paid $0

Salaries & Benefits $295,581

Fundraising Expenses $0

Program Expenses $435,915

Other Expenses $239,316

TOTAL EXPENSES $534,897

Year-over-Year Comparison

	2024	2023	Change
Revenue	$508,499	$504,066	+0.0%
Expenses	$534,897	$466,374	+0.1%
Net Income	$-26,398	$37,692	-1.7%

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

$159,707

Total Directors

$164,574

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Shawn McCartney	CoordinatorTrustee	40.00	Officer	$89,573	$0	$90,692
Sean Dickmann	Chairman	1.00	Officer Director	$1,144	$0	$69,015
Gary Felgenhauer	Trustee	1.00	Director	$0	$0	$54,065
Chad Jordan	TrusteeAlt	1.00	Director	$39,225	$0	$41,494
Jim Chapman	Trustee	1.00	Director	$0	$0	$0
Steve Cafaro	Trustee	1.00	Director	$0	$0	$0
Geoff Nicely	Secretary	1.00	Officer 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	$508,499	$534,897	$1,558,373	$-26,398
2023	$504,066	$466,374	$1,658,266	$37,692
2022	$689,542	$455,758	$1,691,618	$233,784
2021	$379,450	$403,166	$1,512,917	$-23,716
2020	$381,889	$322,503	$1,573,755	$59,386
2019	$407,401	$411,429	$1,226,784	$-4,028
2018	$451,620	$393,333	$879,142	$58,287

Ironworkers Joint Appenticeship Trust Fund 550