Finishing Trades Institute Of Dc 14 Chicago

EIN: 362337329 501(c)(3) Education

BERKELEY, IL

Total Revenue
$7,145,585
Total Expenses
$7,146,273
Total Assets
$23,510,009
Net Assets
$22,721,864
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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
1919
Legal Domicile
IL
Principal Officer
miles beatty
Phone
7084495282
Tax Period
2025-01-01 to 2025-12-31

Finishing Trades Institute Of Dc 14 Chicago, founded in 1919, is a community nonprofit in the Education sector that reported $7.1M in total revenue in fiscal year 2025. Revenue decreased 6% compared to the prior year. Net assets of $22.7M represent 38 months of operating reserves.

Mission

PROFESSIONAL TRADE EDUCATION

Program Service Accomplishments

Program 1
Expenses: $6,131,302 Revenue: $5,711,628

PROFESSIONAL TRADE EDUCATION BASED ON CONTRIBUTIONS RECEIVED IN CONJUNCTION WITH A COLLECTIVE BARGAINING AGREEMENT FOR THE PURPOSE OF TRAINING APPRENTICES.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $5,711,628
Investment Income $1,384,357
Other Revenue $49,600
TOTAL REVENUE $7,145,585

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,545,513
Fundraising Expenses $0
Program Expenses $6,131,302
Other Expenses $4,600,760
TOTAL EXPENSES $7,146,273

Year-over-Year Comparison

2025 2024 Change
Revenue $7,145,585 $7,562,342 -0.1%
Expenses $7,146,273 $6,679,714 +0.1%
Net Income $-688 $882,628 -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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Governance

Voting Members
9
Independent Members
9
Employees
11
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
0
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Miles Beatty Management Trustee 3.00
Director
$0 $0 $0
Mark Zamiar Management Trustee 3.00
Director
$0 $0 $0
Steve Brill Management Trustee 3.00
Director
$0 $0 $0
Nate Brown Management Trustee 3.00
Director
$0 $0 $0
Michael Dixon Union Trustee 3.00
Director
$0 $0 $0
Victor Hernandez Union Trustee 3.00
Director
$0 $0 $0
Ruben Valdivia Union Trustee 3.00
Director
$0 $0 $0
James Teruel Union Trustee 3.00
Director
$0 $0 $0
Joe Rinehart Union Trustee 3.00
Director
$0 $0 $0
Jose Hernandez Jr Instructor 45.00
Highest
$161,025 $110,492 $271,517
Veronica Leal Instructor 45.00
Highest
$173,944 $114,608 $288,552
Matthew Shepard Instructor 45.00
Highest
$153,995 $107,170 $261,165
Stephen M Thompson Instructor 45.00
Highest
$153,864 $106,173 $260,037
Daniel Penski Director of Apprenticeship 45.00
Highest
$168,959 $99,582 $268,541
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 $7,145,585 $7,146,273 $23,510,009 $-688
2024 $7,562,342 $6,679,714 $22,659,357 $882,628
2023 $7,405,757 $6,370,234 $21,750,562 $1,035,523
2022 $6,486,254 $5,907,210 $20,378,907 $579,044
2021 $6,295,488 $4,867,196 $22,598,762 $1,428,292
2020 $5,912,221 $4,414,093 $19,109,929 $1,498,128
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