LOCAL 9 IBEW & MIDDLE STATES APPRENTICE AND JOURNEYMAN TRAINING FUND

EIN: 362638779

Tinley Park, IL

Total Revenue
$6,045,567
Total Expenses
$5,293,890
Total Assets
$41,572,152
Net Assets
$41,329,959
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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
1967
Legal Domicile
IL
Principal Officer
william niesman
Phone
7084052084
Tax Period
2023-11-01 to 2024-10-31

LOCAL 9 IBEW & MIDDLE STATES APPRENTICE AND JOURNEYMAN TRAINING FUND, founded in 1967, is a community nonprofit that reported $6.0M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $5.3M left a modest 12% surplus.

Mission

Provide lineman journeyman training to members of IBEW Local No. 9

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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 (2023)

Revenue Breakdown

Contributions & Grants $325,012
Program Service Revenue $5,260,148
Investment Income $460,407
Other Revenue $0
TOTAL REVENUE $6,045,567

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,365,814
Fundraising Expenses $0
Other Expenses $2,928,076
TOTAL EXPENSES $5,293,890

Year-over-Year Comparison

2023 2022 Change
Revenue $6,045,567 $5,456,096 +0.1%
Expenses $5,293,890 $4,544,682 +0.2%
Net Income $751,677 $911,414 -0.2%
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
10
Independent Members
8
Employees
114
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
10
$20,918
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
John Jamicich Trustee 2.00
Director
$0 $0 $0
John C Burkard Trustee 2.00
Director
$8,161 $0 $8,161
Art Burke Trustee 2.00
Director
$0 $0 $0
Frank A Lizzadro Trustee 2.00
Director
$0 $0 $0
John Dowling Trustee 2.00
Director
$12,757 $0 $12,757
Kevin B Schuster Trustee 2.00
Director
$0 $0 $0
William Niesman Trustee 2.00
Director
$0 $0 $0
STEPHEN ALDRIDGE Trustee 2.00
Director
$0 $0 $0
Matt Turk trustee 2.00
Director
$0 $0 $0
Thomas McCluskey Trustee 2.00
Director
$0 $0 $0
Mark Greco instructor 40.00
Highest
$135,441 $77,079 $212,520
jeff johnson instructor 40.00
Highest
$153,166 $87,166 $240,332
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 $6,045,567 $5,293,890 $41,572,152 $751,677
2023 $5,456,096 $4,544,682 $40,555,716 $911,414
2022 $7,258,335 $3,835,528 $38,764,143 $3,422,807
2021 $7,249,400 $3,797,824 $36,358,604 $3,451,576
2020 $8,071,604 $3,686,878 $33,197,776 $4,384,726
2019 $6,997,115 $3,595,126 $28,380,196 $3,401,989
2018 $5,889,072 $3,962,070 $24,767,474 $1,927,002
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