IRON WORKERS 395 TRUST JOINT APPRENTICESHIP TRAINING COMMITTEE (EIN 351057093) - 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

1954

Legal Domicile

Principal Officer

ANDREW THOMAS

Phone

2199627675

Tax Period

2022-11-01 to 2023-10-31

IRON WORKERS 395 TRUST JOINT APPRENTICESHIP TRAINING COMMITTEE, founded in 1954, is a community nonprofit that reported $1.8M in total revenue in fiscal year 2022. Revenue decreased 10% compared to the prior year. The organization ran a surplus of $416K, a strong 23% operating margin.

Mission

TO PROVIDE APPRENTICESHIP AND JOURNEYMEN TRAINING

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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 $0

Program Service Revenue $1,693,851

Investment Income $105,736

Other Revenue $25,135

TOTAL REVENUE $1,824,722

Expense Breakdown

Grants Paid $0

Salaries & Benefits $943,960

Fundraising Expenses $0

Program Expenses $1,112,404

Other Expenses $464,628

TOTAL EXPENSES $1,408,588

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,824,722	$2,024,734	-0.1%
Expenses	$1,408,588	$1,597,255	-0.1%
Net Income	$416,134	$427,479	0.0%

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

$127,677

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RON WARE JR	BOARD MEMBER/BM	2.00	Director	$0	$0	$0
RICHARD STOVALL	SECRETARY	2.00	Director	$0	$0	$0
MICHAEL MACDONALD	BOARD MEMBER	2.00	Director	$0	$0	$0
WILLIAM SULLIVAN - PAST	BOARD MEMBER	2.00	Director	$0	$0	$0
CHUCK CURRY	BOARD MEMBER/ PRESIDENT	2.00	Director	$0	$0	$0
ERIK ATTEBERRY	BOARD MEMBER	2.00	Director	$0	$0	$0
KEVIN COMERFORD - NEW	BOARD MEMBER	2.00	Director	$0	$0	$0
ANDREW THOMAS	DIRECTOR	40.00	Officer	$76,440	$51,237	$127,677
DAVID ALANIZ	INSTRUCTOR	40.00	Highest	$103,378	$74,047	$177,425
JOHN RIMKUS	INSTRUCTOR	40.00	Highest	$103,330	$74,405	$177,735

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	$1,824,722	$1,408,588	$5,140,647	$416,134
2022	$2,024,734	$1,597,255	$4,788,595	$427,479
2021	$1,392,221	$1,254,661	$4,695,430	$137,560

IRON WORKERS 395 TRUST JOINT APPRENTICESHIP TRAINING COMMITTEE