I&AW LOCAL #39 APPRENTICESHIP TRUST (EIN 363512441) - 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

1950

Legal Domicile

Principal Officer

JOHN HANSON

Phone

4023336960

Tax Period

2025-01-01 to 2025-12-31

I&AW LOCAL #39 APPRENTICESHIP TRUST, founded in 1950, is a small nonprofit that reported $215K in total revenue in fiscal year 2025.

Mission

TRAINING UNION MEMBERS IN THE TRADE OF CONSTRUCTION HEAT & WATER LINE INSULATION.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $201,267

Investment Income $7,587

Other Revenue $6,118

TOTAL REVENUE $214,972

Expense Breakdown

Grants Paid $0

Salaries & Benefits $113,840

Fundraising Expenses $0

Program Expenses $220,339

Other Expenses $64,117

TOTAL EXPENSES $220,339

Year-over-Year Comparison

	2025	2024	Change
Revenue	$214,972	$209,349	+0.0%
Expenses	$220,339	$211,225	+0.0%
Net Income	$-5,367	$-1,876	+1.9%

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

$45,797

Total Directors

$10,619

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TED JENSEN Jr	VICE PRESAPPRENTICE COORDINATOR	40.00	Officer	$35,178	$0	$35,178
BRIAN YAGER	EXECUTIVE BOARDTRUSTEE	1.00	Officer Director	$10,619	$0	$10,619
JOHN HANSON	TRUSTEEBUSINESS MANAGER	5.00	Officer Director	$0	$0	$0
JOE NUSSRALLAH	PRESIDENTORGANIZER	1.00	Officer	$0	$0	$0
KEVIN YAGER	EXECUTIVE BOARDRECORDING SECRETARY	1.00	Officer	$0	$0	$0
NICK KURTZ	FINANCIAL SECRETARY	0.00	Officer	$0	$0	$0
JASON HOSPODKA	EXECUTIVE BOARD	1.00	Officer	$0	$0	$0
JASON CARLIN	EXECUTIVE BOARD	1.00	Officer	$0	$0	$0
ABRAHAM GUTIERREZ	EXECUTIVE BOARD	1.00	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	$214,972	$220,339	$237,484	$-5,367
2024	$209,349	$211,225	$241,748	$-1,876
2023	$150,473	$207,005	$244,216	$-56,532
2022	$117,650	$133,341	$300,285	$-15,691
2021	$123,092	$96,811	$317,129	$26,281
2020	$150,228	$78,034	$290,232	$72,194

I&AW LOCAL #39 APPRENTICESHIP TRUST