IRON WORKERS UNION LOCAL #22 APPRENTICE (EIN 351177556) - 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

1969

Legal Domicile

Principal Officer

KENNETH HAGGARD

Phone

3176354766

Tax Period

2024-01-01 to 2024-12-31

IRON WORKERS UNION LOCAL #22 APPRENTICE, founded in 1969, is a community nonprofit in the Employment sector that reported $2.2M in total revenue in fiscal year 2024. Revenue surged 36% from the prior year, signaling strong growth momentum. The organization ran a surplus of $713K, a strong 33% operating margin.

Mission

TO CAREFULLY SELECT AND TRAIN INDIVIDUALS TO BECOME QUALIFIED WORKERS IN ALL FACETS OF OUR TRADE IN OUR CRAFT JURISDICTION.

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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 $521,261

Program Service Revenue $1,454,325

Investment Income $193,402

Other Revenue $8,266

TOTAL REVENUE $2,177,254

Expense Breakdown

Grants Paid $0

Salaries & Benefits $706,515

Fundraising Expenses $0

Other Expenses $758,097

TOTAL EXPENSES $1,464,612

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,177,254	$1,606,677	+0.4%
Expenses	$1,464,612	$1,218,975	+0.2%
Net Income	$712,642	$387,702	+0.8%

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

$335,055

Total Directors

$527,225

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CODY BATES	COMMITTEE MEMBER	1.00	Director	$0	$78,157	$171,665
JOHN WHITAKER	COMMITTEE MEMBER	1.00	Director	$0	$88,645	$198,688
SCOTT HIRTZEL	CO-CHAIR	42.50	Officer Director	$97,747	$57,140	$156,872
KENNETH HAGGARD	COORDINATOR	50.00	Officer	$113,057	$65,126	$178,183
WILLIE HARMAN	CO-CHAIR	1.00	Officer Director	$0	$0	$0
WILL ERWIN	COMMITTEE MEMBER	1.00	Director	$0	$0	$0
SCOTT BULLERDICK	COMMITTEE MEMBER	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	$2,177,254	$1,464,612	$3,389,540	$712,642
2023	$1,606,677	$1,218,975	$2,715,226	$387,702
2022	$1,249,029	$1,192,329	$2,178,196	$56,700
2021	$1,251,792	$1,200,275	$2,380,880	$51,517
2020	$1,296,379	$1,097,222	$2,321,860	$199,157
2019	$1,048,648	$1,037,358	$2,035,686	$11,290
2018	$888,764	$921,650	$1,942,377	$-32,886

IRON WORKERS UNION LOCAL #22 APPRENTICE