IRON WORKERS APPRENTICESHIP FUND (EIN 346556883) - 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

1964

Legal Domicile

Principal Officer

RICH JORDAN

Phone

2166851781

Tax Period

2024-05-01 to 2025-04-30

IRON WORKERS APPRENTICESHIP FUND, founded in 1964, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2024. Revenue decreased 18% compared to the prior year. Expenses of $1.0M left a modest 9% surplus.

Mission

TO PROVIDE A TRAINING PROGRAM FOR APPRENTICE IRON WORKERS AND TO PROVIDE RETRAINING FOR JOURNEYMEN IRON WORKERS.

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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 $10,633

Program Service Revenue $1,103,185

Investment Income $0

Other Revenue $10,478

TOTAL REVENUE $1,124,296

Expense Breakdown

Grants Paid $0

Salaries & Benefits $622,421

Fundraising Expenses $0

Program Expenses $1,026,292

Other Expenses $403,871

TOTAL EXPENSES $1,026,292

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,124,296	$1,365,403	-0.2%
Expenses	$1,026,292	$1,194,669	-0.1%
Net Income	$98,004	$170,734	-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

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

$252,665

Total Directors

$498,883

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD JORDAN	CHAIRMAN	1.00	Officer Director	$129,079	$0	$129,079
EDWARD MUHLHAN JR	TRUSTEE	1.00	Director	$123,586	$0	$123,586
SCOTT MUNNINGS	RECORDING SECRETARY	1.00	Officer Director	$123,586	$0	$123,586
BRIAN MURRAY	TRUSTEE	40.00	Director	$122,632	$0	$122,632
BERNIE NOWAK	TRUSTEE	1.00	Director	$0	$0	$0
CHET MULL	TRUSTEE	1.00	Director	$0	$0	$0
BART KANICKI	TRUSTEE	1.00	Director	$0	$0	$0
SCOTT COOPER	TRUSTEE	1.00	Director	$0	$0	$0
JOSH REESE	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
2025	$1,124,296	$1,026,292	$1,340,229	$98,004
2024	$1,365,403	$1,194,669	$1,242,225	$170,734
2023	$991,715	$1,257,832	$1,071,491	$-266,117
2022	$1,109,219	$860,159	$1,337,608	$249,060
2021	$666,831	$825,795	$1,196,185	$-158,964
2020	$925,636	$828,246	$1,247,512	$97,390
2019	$990,395	$733,127	$1,150,122	$257,268

IRON WORKERS APPRENTICESHIP FUND