PLASTERERS AND CEMENT MASONS APPRENTICESHIP LOCAL 692 TRAINING FUND (EIN 351814071) - 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

1993

Legal Domicile

Principal Officer

CHARLES SPICER

Phone

3175081609

Tax Period

2023-01-01 to 2023-12-31

PLASTERERS AND CEMENT MASONS APPRENTICESHIP LOCAL 692 TRAINING FUND, founded in 1993, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2023. Revenue grew 20% year-over-year, indicating healthy expansion. The organization ran a surplus of $406K, a strong 40% operating margin.

Mission

APPRENTICE 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $961,248

Investment Income $29,727

Other Revenue $12,854

TOTAL REVENUE $1,003,829

Expense Breakdown

Grants Paid $0

Salaries & Benefits $286,728

Fundraising Expenses $0

Other Expenses $310,894

TOTAL EXPENSES $597,622

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,003,829	$837,820	+0.2%
Expenses	$597,622	$494,989	+0.2%
Net Income	$406,207	$342,831	+0.2%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RUSSELL REDMON	UNION TRUSTEE	1.00	Director	$0	$0	$0
DAVID NEWMAN	UNION TRUSTEE	1.00	Director	$0	$0	$0
RONALD MORIN	UNION TRUSTEE	1.00	Director	$0	$0	$0
DOUGLAS FELTES	UNION TRUSTEE	1.00	Director	$0	$0	$0
CHARLES SPICER	UNION TRUSTEE	1.00	Director	$0	$0	$0
STEVE BOWSER	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
GREG WALKER	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
JEFF CARLSON	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
JADE PAINTER	EMPLOYER TRUSTEE	1.00	Director	$0	$0	$0
ERIC BECKER	EMPLOYER TRUSTEE-PAST	1.00	Director	$0	$0	$0
BRIAN KRISTOFF	APPR. COORDINATOR	45.00	Highest	$116,451	$80,960	$197,411

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	$1,003,829	$597,622	$2,498,464	$406,207
2022	$837,820	$494,989	$2,090,361	$342,831
2021	$732,233	$418,485	$1,772,992	$313,748
2020	$662,471	$379,327	$1,432,498	$283,144
2019	$652,058	$424,692	$1,153,746	$227,366
2018	$517,650	$495,336	$918,338	$22,314

PLASTERERS AND CEMENT MASONS APPRENTICESHIP LOCAL 692 TRAINING FUND