INDIANAKENTUCKYOHIO REG COUNCIL OF CARPENTERS JT APPRENTICE & TRAINING FUND

EIN: 356059073 501(c)(3) Education

WARSAW, IN

Total Revenue
$22,555,982
Total Expenses
$18,705,118
Total Assets
$40,229,145
Net Assets
$35,511,182
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1987
Legal Domicile
IN
Principal Officer
MATT MCGRIFF
Phone
5742675264
Tax Period
2024-07-01 to 2025-06-30

INDIANAKENTUCKYOHIO REG COUNCIL OF CARPENTERS JT APPRENTICE & TRAINING FUND, founded in 1987, is a mid-sized nonprofit in the Education sector that reported $22.6M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $3.9M, a strong 17% operating margin.

Mission

TO PROVIDE APPRENTICESHIP AND JOURNEYMAN 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $20,702,565
Investment Income $419,611
Other Revenue $1,433,806
TOTAL REVENUE $22,555,982

Expense Breakdown

Grants Paid $0
Salaries & Benefits $10,906,318
Fundraising Expenses $0
Program Expenses $16,327,176
Other Expenses $7,798,800
TOTAL EXPENSES $18,705,118

Year-over-Year Comparison

2024 2023 Change
Revenue $22,555,982 $20,101,386 +0.1%
Expenses $18,705,118 $15,602,287 +0.2%
Net Income $3,850,864 $4,499,099 -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
23
Independent Members
23
Employees
119
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
1
$292,507
Total Directors
27
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MATT MCGRIFF CHAIRMAN 1.00
Director
$0 $0 $0
JOSEPH COAR SECRETARY 1.00
Director
$0 $0 $0
JERRY YATES TRUSTEE-PAST 1.00
Director
$0 $0 $0
DAN JONES TRUSTEE-PAST 1.00
Director
$0 $0 $0
JEFF GIELERAK TRUSTEE 1.00
Director
$0 $0 $0
DON BRADLEY TRUSTEE 1.00
Director
$0 $0 $0
CHAD BAKER TRUSTEE 1.00
Director
$0 $0 $0
JASON KING TRUSTEE 1.00
Director
$0 $0 $0
MARK DANIELSON TRUSTEE-PAST 1.00
Director
$0 $0 $0
CHARLES DAVIS TRUSTEE 1.00
Director
$0 $0 $0
MITCH DAVISON TRUSTEE 1.00
Director
$0 $0 $0
KEITH STREETER TRUSTEE 1.00
Director
$0 $0 $0
JIM HISS TRUSTEE 1.00
Director
$0 $0 $0
JAY SULLIVAN TRUSTEE 1.00
Director
$0 $0 $0
ADAM FEDAK TRUSTEE 1.00
Director
$0 $0 $0
RICK PETTRY TRUSTEE 1.00
Director
$0 $0 $0
KEN LYONS TRUSTEE 1.00
Director
$0 $0 $0
CLAUDE POWERS TRUSTEE-PAST 1.00
Director
$0 $0 $0
DAVID BLACK TRUSTEE 1.00
Director
$0 $0 $0
JEFF MAYS TRUSTEE 1.00
Director
$0 $0 $0
ANTHONY HOLBROOK TRUSTEE 1.00
Director
$0 $0 $0
KYLE GRESHAM TRUSTEE-NEW 1.00
Director
$0 $0 $0
MATT SINGER TRUSTEE-NEW 1.00
Director
$0 $0 $0
PATRICK LOCKWOOD TRUSTEE-NEW 1.00
Director
$0 $0 $0
JEFF CARLSON TRUSTEE-NEW 1.00
Director
$0 $0 $0
BRIAN SLUSHER TRUSTEE-NEW 1.00
Director
$0 $0 $0
TONY TEEPLE TRUSTEE-NEW 1.00
Director
$0 $0 $0
NEAL STRANGE DIRECTOR 40.00
Officer
$208,913 $83,594 $292,507
CHRISTOPHER CHARTERS AREA COORDINATOR 40.00
Highest
$131,138 $99,344 $230,482
DANIEL JONES AREA COORDINATOR 40.00
Highest
$128,219 $99,344 $227,563
CLINTON YOUNG AREA COORDINATOR 40.00
Highest
$128,219 $88,488 $216,707
MICHAEL MORTON INSTRUCTOR 40.00
Highest
$129,307 $86,993 $216,300
MATTHEW SZEPANSKI INSTRUCTOR 40.00
Highest
$136,021 $87,701 $223,722
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 $22,555,982 $18,705,118 $40,229,145 $3,850,864
2024 $20,101,386 $15,602,287 $37,683,504 $4,499,099
2023 $16,198,867 $13,095,860 $31,762,350 $3,103,007
2022 $13,811,625 $11,483,796 $28,193,626 $2,327,829
2021 $10,756,465 $9,874,689 $27,085,244 $881,776
2020 $10,265,379 $10,658,608 $25,716,036 $-393,229
2019 $10,175,642 $11,383,036 $26,621,592 $-1,207,394
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