IRON WORKERS LOCAL UNION 380 TRAINING PROGRAM TRUST (EIN 370912111) - 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

1969

Legal Domicile

Principal Officer

CHARLES BLACK

Phone

2173676014

Tax Period

2025-01-01 to 2025-12-31

IRON WORKERS LOCAL UNION 380 TRAINING PROGRAM TRUST, founded in 1969, is a small nonprofit that reported $223K in total revenue in fiscal year 2025. Revenue fell 32% from the prior year — a significant decline worth monitoring. Net assets of $841K represent 45 months of operating reserves.

Mission

ESTABLISHED FOR THE PURPOSE OF PROVIDING TRAINING PROGRAMS FOR APPRENTICE IRONWORKERS

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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 $202,773

Investment Income $9,670

Other Revenue $10,285

TOTAL REVENUE $222,728

Expense Breakdown

Grants Paid $0

Salaries & Benefits $85,935

Fundraising Expenses $0

Program Expenses $235,916

Other Expenses $149,981

TOTAL EXPENSES $235,916

Year-over-Year Comparison

	2025	2024	Change
Revenue	$222,728	$328,461	-0.3%
Expenses	$235,916	$207,556	+0.1%
Net Income	$-13,188	$120,905	-1.1%

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

$193,295

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLES BLACK	CHAIRMAN	6.00	Director	$1,346	$78,416	$191,254
JASON KOONTZ	TRUSTEE	1.00	Director	$2,041	$0	$2,041
JEREMY OCHS	TRUSTEE	1.00	Director	$0	$0	$0
MIKE BROEREN	SECRETARY	1.00	Director	$0	$0	$0
MEL SANFORD	TRUSTEE	1.00	Director	$0	$0	$0
NICK O'NEILL	TRUSTEE	1.00	Director	$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	$222,728	$235,916	$840,727	$-13,188
2024	No data	No data	No data	No data
2023	$158,384	$191,205	$655,327	$-32,821
2022	$338,268	$167,590	$652,413	$170,678
2021	$243,815	$182,744	$493,572	$61,071
2020	$281,763	$116,996	$422,702	$164,767
2019	$232,061	$151,021	$295,709	$81,040

IRON WORKERS LOCAL UNION 380 TRAINING PROGRAM TRUST