IRONWORKERS LOCAL #498 JOINT APPRENTICESHIP COMMITTEE (EIN 362767733) - 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

1946

Legal Domicile

Phone

8158739180

Tax Period

2024-01-01 to 2024-12-31

IRONWORKERS LOCAL #498 JOINT APPRENTICESHIP COMMITTEE, founded in 1946, is a small nonprofit that reported $602K in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum. The organization ran a surplus of $187K, a strong 31% operating margin.

Mission

INDUSTRY TRAINING OF APPRENTICES AND IRON WORKERS OF LOCAL #498

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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 $583,913

Investment Income $17,839

Other Revenue $494

TOTAL REVENUE $602,246

Expense Breakdown

Grants Paid $0

Salaries & Benefits $264,158

Fundraising Expenses $0

Other Expenses $151,089

TOTAL EXPENSES $415,247

Year-over-Year Comparison

	2024	2023	Change
Revenue	$602,246	$483,663	+0.2%
Expenses	$415,247	$382,930	+0.1%
Net Income	$186,999	$100,733	+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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN MEIER	TRUSTEE	3.00	Director	$0	$0	$0
KEITH GAHL	TRUSTEE	3.00	Director	$0	$0	$0
DAVID ANSPAUGH	TRUSTEE	3.00	Director	$0	$0	$0
JEFF SHELTON	TRUSTEE	3.00	Director	$0	$0	$0
JOHN LICHTY	TRUSTEE	3.00	Director	$0	$0	$0
MARK RICHESON	TRUSTEE	3.00	Director	$0	$0	$0
PAUL KAUFFMAN	COORDINATOR	24.00	Highest	$119,752	$68,738	$188,490

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	$602,246	$415,247	$639,981	$186,999
2023	$483,663	$382,930	$459,849	$100,733
2022	$482,929	$384,981	$351,969	$97,948
2021	$401,699	$389,208	$254,809	$12,491
2020	$343,535	$396,800	$242,057	$-53,265
2019	$401,312	$406,517	$285,998	$-5,205

IRONWORKERS LOCAL #498 JOINT APPRENTICESHIP COMMITTEE