Indiana Laborers Training Trust Fund (EIN 356079079) - 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

1968

Legal Domicile

Principal Officer

Sean Coakley

Phone

8122799751

Tax Period

2024-04-01 to 2025-03-31

Indiana Laborers Training Trust Fund, founded in 1968, is a community nonprofit that reported $7.5M in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Expenses of $9.5M exceeded revenue, resulting in a 26% operating deficit.

Mission

Providing continuous programs of pre-job training, retraining and upgrading of personnel employed in the construction industry in Indiana.

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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 $6,493,693

Program Service Revenue $0

Investment Income $1,017,360

Other Revenue $0

TOTAL REVENUE $7,511,053

Expense Breakdown

Grants Paid $53,000

Salaries & Benefits $4,992,642

Fundraising Expenses $0

Other Expenses $4,419,581

TOTAL EXPENSES $9,465,223

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,511,053	$8,008,011	-0.1%
Expenses	$9,465,223	$8,517,111	+0.1%
Net Income	$-1,954,170	$-509,100	+2.8%

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

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
Rick Henson Jr	Trustee	2.00	Director	$0	$0	$0
Mike Ferrara	Trustee	2.00	Director	$0	$0	$0
Kelly Abel	Trustee	2.00	Director	$0	$0	$0
Chris Brickey	Trustee	2.00	Director	$0	$0	$0
Jade Painter	Trustee	2.00	Director	$0	$0	$0
Brian Short	Trustee	2.00	Director	$0	$0	$0
Joe Bolk	Trustee	2.00	Director	$0	$0	$0
Jim Wiseman	Trustee	2.00	Director	$0	$0	$0
Ramon Mendoza	Trustee	2.00	Director	$0	$0	$0
Nick Timmerman	Trustee	2.00	Director	$0	$0	$0
John Brown	Chairman	2.00	Officer	$0	$0	$0
David Frye	Secretary-Treasurer	4.00	Officer	$0	$0	$0
Sean Coakley	Director	40.00	Highest	$143,572	$71,330	$214,902

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	$7,511,053	$9,465,223	$18,207,109	$-1,954,170
2024	$8,008,011	$8,517,111	$20,405,425	$-509,100
2023	$6,529,560	$7,290,874	$20,408,470	$-761,314
2022	$7,306,195	$6,303,904	$22,529,948	$1,002,291
2021	$6,553,854	$5,750,578	$23,303,543	$803,276

Indiana Laborers Training Trust Fund