APPRENTICE EDUCATION TRUST LOCAL #440 UA

EIN: 351323832 501(c)(3)

INDIANAPOLIS, IN

Total Revenue
$4,827,307
Total Expenses
$4,089,657
Total Assets
$7,473,678
Net Assets
$7,473,678
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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
1974
Legal Domicile
IN
Principal Officer
CHRIS QUINN
Phone
3172554126
Tax Period
2023-01-01 to 2023-12-31

APPRENTICE EDUCATION TRUST LOCAL #440 UA, founded in 1974, is a community nonprofit that reported $4.8M in total revenue in fiscal year 2023. Revenue surged 33% from the prior year, signaling strong growth momentum. The organization ran a surplus of $738K, a strong 15% operating margin.

Mission

TRAINING AND EDUCATIONAL PROGRAMS FOR APPRENTICE AND JOURNEYMEN WORKERS ENTERING THE PIPEFITTING, HEATING, AND AIR CONDITIONING TRADES.

Program Service Accomplishments

Program 1
Expenses: $3,205,002 Revenue: $4,002,206

TRAINING AND EDUCATIONAL PROGRAMS FOR APPRENTICE AND JOURNEYMEN WORKERS ENTERING THE PIPEFITTING, HEATING, AND AIR CONDITIONING TRADES.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $807,843
Program Service Revenue $3,971,580
Investment Income $17,258
Other Revenue $30,626
TOTAL REVENUE $4,827,307

Expense Breakdown

Grants Paid $1,181,990
Salaries & Benefits $1,329,912
Fundraising Expenses $0
Program Expenses $3,205,002
Other Expenses $1,577,755
TOTAL EXPENSES $4,089,657

Year-over-Year Comparison

2023 2022 Change
Revenue $4,827,307 $3,642,169 +0.3%
Expenses $4,089,657 $2,964,824 +0.4%
Net Income $737,650 $677,345 +0.1%
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

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Governance

Voting Members
10
Independent Members
10
Employees
63
Volunteers
10

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
3
$0
Total Directors
10
$2,001
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOE GUTZWILLER CHAIRMAN 1.00
Officer Director
$0 $0 $0
ROCH RICHARDSON VICE CHAIR 1.00
Officer Director
$0 $0 $0
BOB STEINEKER TREASURER 1.00
Officer Director
$0 $0 $0
SCOTT PRANGE DIRECTOR 1.00
Director
$0 $0 $0
CHRIS GREINER DIRECTOR 1.00
Director
$0 $0 $0
NICK WEBB DIRECTOR 1.00
Director
$0 $0 $0
MIKE PEOPLES DIRECTOR 1.00
Director
$0 $0 $0
KRIS LONG DIRECTOR 1.00
Director
$0 $0 $0
MIGUEL MOCKABEE DIRECTOR 1.00
Director
$2,001 $0 $2,001
MICHAEL CULBERTSON DIRECTOR 1.00
Director
$0 $0 $0
JOHN J KUREK DIRECTOR OF TRAINING 40.00
Highest
$116,044 $72,920 $188,964
TODD A HENDRICKSON WELDING COORDINATOR 40.00
Highest
$109,277 $72,137 $181,414
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 $4,827,307 $4,089,657 $7,473,678 $737,650
2022 $3,642,169 $2,964,824 $6,433,930 $677,345
2021 $3,538,514 $2,502,486 $6,270,475 $1,036,028
2020 $3,226,980 $3,085,099 $5,191,821 $141,881
2019 $2,686,990 $2,303,108 $5,068,173 $383,882
2018 $3,971,966 $2,225,899 $4,541,727 $1,746,067
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