IRONWORKERS LOCAL 46 TRAINING PROG… - Form 990 Financial Data

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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

Principal Officer

BRIAN BASKETT

Phone

2175284041

Tax Period

2023-07-01 to 2024-06-30

IRONWORKERS LOCAL 46 TRAINING PROGRAM TR, founded in 1967, is a small nonprofit that reported $302K in total revenue in fiscal year 2023. Revenue surged 50% from the prior year, signaling strong growth momentum. The organization ran a surplus of $59K, a strong 19% operating margin.

Mission

OPERATING EXPENSES INCURRED FOR THE BENEFIT OF APPRENTICES IN THE APPRENTICE TRAINING PROGRAMS FOR NEW UNION MEMBERS.

Program Service Accomplishments

Program 1

OPERATING EXPENSES INCURRED FOR THE BENEFIT OF TRAINING APPRENTICES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $3,200

Program Service Revenue $283,354

Investment Income $12,016

Other Revenue $2,947

TOTAL REVENUE $301,517

Expense Breakdown

Grants Paid $0

Salaries & Benefits $124,403

Fundraising Expenses $0

Other Expenses $118,351

TOTAL EXPENSES $242,754

Year-over-Year Comparison

	2023	2022	Change
Revenue	$301,517	$200,976	+0.5%
Expenses	$242,754	$260,012	-0.1%
Net Income	$58,763	$-59,036	-2.0%

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

$78,744

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GREG GOETZ	TRUSTEE	1.00	Director	$0	$0	$0
STEVE HALVERSON	TRUSTEE	1.00	Director	$0	$0	$0
BRIAN BENEKE	TRUSTEE	1.00	Director	$0	$0	$0
MASON YOUNG	TRUSTEE	1.00	Director	$0	$0	$0
BRIAN BASKETT	TRUSTEE	1.00	Director	$0	$0	$0
STEVEN GRAPES	TRUSTEE	1.00	Director	$0	$0	$0
FRED BASKETT	TRUSTEE	1.00	Director	$0	$0	$0
DAN SULLIVAN	TRUSTEE	1.00	Director	$0	$0	$0
JOSHUA SUMMERS	COORDINATOR	10.00	Officer	$47,444	$31,300	$78,744

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	$301,517	$242,754	$393,402	$58,763
2023	$200,976	$260,012	$331,588	$-59,036
2022	$224,239	$140,057	$390,472	$84,182
2021	$200,726	$130,305	$305,429	$70,421

IRONWORKERS LOCAL 46 TRAINING PROGRAM TR