LOCAL #444 IRON WORKERS JOINT APPRENTICESHIP & TRAINING TRUST FUND (EIN 362547875) - 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

1961

Legal Domicile

Principal Officer

MATT GREGORY

Phone

8157250725

Tax Period

2024-07-01 to 2025-06-30

LOCAL #444 IRON WORKERS JOINT APPRENTICESHIP & TRAINING TRUST FUND, founded in 1961, is a small nonprofit that reported $618K in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. Net assets of $2.3M represent 45 months of operating reserves.

Mission

PROVIDE APPRENTICESHIP TRAINING 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 $11,666

Program Service Revenue $527,725

Investment Income $48,374

Other Revenue $30,727

TOTAL REVENUE $618,492

Expense Breakdown

Grants Paid $0

Salaries & Benefits $397,083

Fundraising Expenses $0

Other Expenses $206,115

TOTAL EXPENSES $603,198

Year-over-Year Comparison

	2024	2023	Change
Revenue	$618,492	$704,916	-0.1%
Expenses	$603,198	$529,262	+0.1%
Net Income	$15,294	$175,654	-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

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

$226,709

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAN AUSSEM	TRUSTEE	1.00	Director	$0	$0	$0
DENNIS MURRY	TRUSTEE	1.00	Director	$0	$0	$0
JASON BERNICKY	TRUSTEE	1.00	Director	$0	$0	$0
KEVIN HRAY	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL TESTA	TRUSTEE	1.00	Director	$0	$0	$0
JEFFREY CROMPTON	FUND COORDINATOR - PAST	40.00	Officer	$131,421	$95,288	$226,709
MATTHEW GREGORY	FUND COORDINATOR - NEW	40.00	Officer	$0	$0	$0

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	$618,492	$603,198	$2,341,480	$15,294
2024	$704,916	$529,262	$2,323,926	$175,654
2023	$739,398	$542,720	$2,147,847	$196,678
2022	$967,766	$513,671	$1,966,587	$454,095
2021	$668,600	$466,912	$1,496,275	$201,688

LOCAL #444 IRON WORKERS JOINT APPRENTICESHIP & TRAINING TRUST FUND