NORTH CENTRAL ILLINOIS FINISHING TRADES INSTITUTE (EIN 362667869) - 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

1945

Legal Domicile

Principal Officer

STEPHEN LEFAVER

Phone

6309661451

Tax Period

2024-07-01 to 2025-06-30

NORTH CENTRAL ILLINOIS FINISHING TRADES INSTITUTE, founded in 1945, is a community nonprofit in the Education sector that reported $2.2M in total revenue in fiscal year 2018. Expenses of $2.0M left a modest 7% surplus.

Mission

THE NORTH CENTRAL ILLINOIS FINISHING TRADES INSTITUTE EMPOWERS CRAFTSPERSONS THROUGH EDUCATION AND SKILLS TRAINING TO PREPARE THEM FOR CONTINUOUS EMPLOYMENT IN THE UNIONIZED FINISHING TRADES, TO BETTER THEMSELVES AND ACHIEVE UPWARD MOBILITY, AND TO RESPONSIBLY CARE FOR THE INDUSTRY.

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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 $0

Program Service Revenue $2,135,593

Investment Income $81,162

Other Revenue $400,255

TOTAL REVENUE $2,617,010

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,756,003

Fundraising Expenses $0

Program Expenses $1,615,914

Other Expenses $1,064,138

TOTAL EXPENSES $2,820,141

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,617,010	$2,548,015	+0.0%
Expenses	$2,820,141	$2,536,943	+0.1%
Net Income	$-203,131	$11,072	-19.3%

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

$690,160

Total Directors

$1,158,884

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RYAN ANDERSON	SECRETARY/TREASURER	1.00	Officer Director	$0	$107,054	$387,946
KURT HAND	CHAIRMAN	1.00	Officer Director	$0	$0	$0
BRIAN DAHL	LABOR TRUSTEE	1.00	Director	$0	$98,890	$317,546
MARISA RICHARDS	LABOR TRUSTEE	1.00	Director	$0	$92,396	$267,392
ANTHONY LECUYER	MANAGEMENT TRUSTEE	1.00	Director	$0	$0	$0
JASON LARSEN	MANAGEMENT TRUSTEE	1.00	Director	$0	$0	$0
BOB RUFF	MANAGEMENT TRUSTEE	1.00	Director	$0	$0	$0
BENJAMIN UNDERHILL	LABOR TRUSTEE	1.00	Director	$0	$82,490	$186,000
STEPHEN J LEFAVER	DIRECTOR OF APPRENTICESHIP	40.00	Officer	$214,056	$88,158	$302,214
JESUS ARVAYO	INSTRUCTOR	40.00	Highest	$132,285	$77,383	$213,136
DAVID HEADLEY	INSTRUCTOR	40.00	Highest	$125,313	$76,727	$202,040
DAVID PANICO	INSTRUCTOR	40.00	Highest	$134,205	$79,143	$213,348
DANIEL VALDIVIA	INSTRUCTOR	40.00	Highest	$124,443	$75,828	$201,792

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	$2,617,010	$2,820,141	$7,103,263	$-203,131
2024	$2,548,015	$2,536,943	$7,770,027	$11,072
2023	$2,298,534	$2,327,528	$8,032,687	$-28,994
2022	$1,835,448	$2,279,508	$2,614,345	$-444,060
2021	$939,832	$1,060,942	$3,258,411	$-121,110
2020	$2,226,500	$2,203,729	$3,400,110	$22,771
2019	$2,309,605	$2,188,076	$3,292,424	$121,529
2018	$2,159,080	$2,005,988	$3,082,491	$153,092

NORTH CENTRAL ILLINOIS FINISHING TRADES INSTITUTE