INDIANAPOLIS ASBESTOS WORKERS JOINT APPRENTICESHIP TRAINING TRUST FUND (EIN 351892455) - 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

1995

Legal Domicile

Principal Officer

TODD CONN

Phone

3177356183

Tax Period

2024-01-01 to 2024-12-31

INDIANAPOLIS ASBESTOS WORKERS JOINT APPRENTICESHIP TRAINING TRUST FUND, founded in 1995, is a small nonprofit that reported $628K in total revenue in fiscal year 2024. Revenue surged 84% from the prior year, signaling strong growth momentum. The organization ran a surplus of $117K, a strong 19% operating margin.

Mission

TO EDUCATE AND PREPARE APPRENTICES TO PERFORM ALL ASPECTS OF THE WORK REQUIRED IN THE INDUSTRY WITH THE GOAL OF MAKING EACH APPRENTICE A HIGHLY SKILLED JOURNEYMAN IN THE INSULATION INDUSTRY UPON SATISFACTORY COMPLETION OF THE 4 YEAR PROGRAM.

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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 $525,021

Program Service Revenue $8,860

Investment Income $10,998

Other Revenue $82,969

TOTAL REVENUE $627,848

Expense Breakdown

Grants Paid $0

Salaries & Benefits $201,990

Fundraising Expenses $0

Other Expenses $308,963

TOTAL EXPENSES $510,953

Year-over-Year Comparison

	2024	2023	Change
Revenue	$627,848	$341,505	+0.8%
Expenses	$510,953	$281,884	+0.8%
Net Income	$116,895	$59,621	+1.0%

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

N/A

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

$92,979

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TODD CONN	TRUSTEE	40.00	Director	$87,885	$0	$87,885
ROBERT SWORDS II	TRUSTEE	1.00	Director	$5,094	$0	$5,094

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	No data	No data	No data	No data
2024	$627,848	$510,953	$2,543,830	$116,895
2023	$341,505	$281,884	$2,497,786	$59,621
2022	$359,882	$287,304	$1,276,847	$72,578
2021	$393,138	$289,627	$1,217,959	$103,511
2020	$372,662	$249,260	$1,132,915	$123,402
2019	$357,107	$277,755	$1,017,083	$79,352
2018	$339,303	$223,661	$950,139	$115,642

INDIANAPOLIS ASBESTOS WORKERS JOINT APPRENTICESHIP TRAINING TRUST FUND