PLASTERERS & CEMENT MASONS LOCAL 109 APPRENTICESHIP FUND (EIN 341684148) - 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

1991

Legal Domicile

Principal Officer

WILLIAM TAGGART

Phone

3307241221

Tax Period

2023-01-01 to 2023-12-31

PLASTERERS & CEMENT MASONS LOCAL 109 APPRENTICESHIP FUND, founded in 1991, is a small nonprofit in the Employment sector that reported $262K in total revenue in fiscal year 2023. Revenue surged 26% from the prior year, signaling strong growth momentum. The organization ran a surplus of $53K, a strong 20% operating margin.

Mission

TO PROMOTE BY PROPER MEANS THE MATERIAL AND INTELLECTUAL WELFARE OF ITS MEMBERS.

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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 $245,391

Investment Income $15,692

Other Revenue $1,282

TOTAL REVENUE $262,365

Expense Breakdown

Grants Paid $0

Salaries & Benefits $131,991

Fundraising Expenses $0

Program Expenses $208,888

Other Expenses $76,897

TOTAL EXPENSES $208,888

Year-over-Year Comparison

	2023	2022	Change
Revenue	$262,365	$207,735	+0.3%
Expenses	$208,888	$107,875	+0.9%
Net Income	$53,477	$99,860	-0.5%

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

$55,037

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BROCK BELLO	INSTRUCTOR	10.00	Director	$55,037	$0	$55,037
ROBERT GLIDDEN III	INSTRUCTOR	10.00		$20,317	$0	$20,317
WILLIAM TAGGART	COORDINATOR	5.00	Director	$0	$0	$0
CHRIS WILLIAMS	RECORDING SE	1.00	Director	$0	$0	$0
MARK ANDERSON	TRUSTEE	1.00	Director	$0	$0	$0
KYLE CRALLIE	TRUSTEE	1.00	Director	$0	$0	$0
BRAD PAINTING	TRUSTEE	1.00	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	$262,365	$208,888	$823,914	$53,477
2022	$207,735	$107,875	$759,641	$99,860
2021	$148,355	$90,489	$669,905	$57,866
2020	$159,702	$129,345	$611,365	$30,357
2019	$196,427	$131,862	$581,008	$64,565
2018	$136,510	$100,451	$516,443	$36,059

PLASTERERS & CEMENT MASONS LOCAL 109 APPRENTICESHIP FUND