THE APPRENTICE TRAINING FUND FOR LOCAL 1 OF THE IABSOIW (EIN 362405186) - 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

1953

Legal Domicile

Principal Officer

ROBERT BASS

Phone

7083668181

Tax Period

2023-08-01 to 2024-07-31

THE APPRENTICE TRAINING FUND FOR LOCAL 1 OF THE IABSOIW, founded in 1953, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2023. The organization ran a surplus of $197K, a strong 18% operating margin.

Mission

TRAINING APPRENTICE IRONWORKERS

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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 $939,859

Investment Income $53,544

Other Revenue $95,738

TOTAL REVENUE $1,089,141

Expense Breakdown

Grants Paid $0

Salaries & Benefits $551,005

Fundraising Expenses $0

Program Expenses $511,157

Other Expenses $341,473

TOTAL EXPENSES $892,478

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,089,141	$1,056,961	+0.0%
Expenses	$892,478	$954,837	-0.1%
Net Income	$196,663	$102,124	+0.9%

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

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

$211,426

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRICK CLARK	CHAIRPERSON	0.40	Officer Director	$0	$0	$0
ADRIAN CABALLERO	TREASURER	0.40	Officer Director	$0	$0	$0
ROBERT J MCGEE JR	SECRETARY	0.40	Officer Director	$0	$0	$0
KENNETH DAVIS	TRUSTEE	0.40	Director	$0	$0	$0
JOHN F GARDINER	TRUSTEE	0.40	Director	$0	$0	$0
PATRICK QUIGLEY	TRUSTEE	0.40	Director	$0	$0	$0
ROBERT BASS	COORDINATOR	50.00	Officer	$211,426	$0	$211,426

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	$1,089,141	$892,478	$4,117,240	$196,663
2023	$1,056,961	$954,837	$3,991,389	$102,124
2022	$976,118	$865,432	$3,879,134	$110,686
2021	$1,067,294	$848,549	$3,757,234	$218,745
2021	$1,067,294	$848,549	$3,757,234	$218,745
2020	$967,140	$815,209	$3,530,033	$151,931
2019	$1,055,817	$918,266	$3,394,532	$137,551
2018	$987,753	$874,904	$3,252,929	$112,849

THE APPRENTICE TRAINING FUND FOR LOCAL 1 OF THE IABSOIW