UA STEAMFITTERS LOCAL 439 INDUSTRY ADVANCEMENT FUND (EIN 370949851) - 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

1973

Legal Domicile

Principal Officer

CHARLIE BAILEY

Phone

6186246096

Tax Period

2023-01-01 to 2023-12-31

UA STEAMFITTERS LOCAL 439 INDUSTRY ADVANCEMENT FUND, founded in 1973, is a small nonprofit that reported $483K in total revenue in fiscal year 2023. Revenue surged 61% from the prior year, signaling strong growth momentum. The organization ran a surplus of $164K, a strong 34% operating margin.

Mission

PROVIDE TRAINING AND CONTINUING EDUCATION PROGRAMS FOR THE MEMBERS OF LOCAL 439.

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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 $0

Program Service Revenue $482,822

Investment Income $45

Other Revenue $0

TOTAL REVENUE $482,867

Expense Breakdown

Grants Paid $0

Salaries & Benefits $29,380

Fundraising Expenses $0

Other Expenses $289,922

TOTAL EXPENSES $319,302

Year-over-Year Comparison

	2023	2022	Change
Revenue	$482,867	$299,271	+0.6%
Expenses	$319,302	$366,302	-0.1%
Net Income	$163,565	$-67,031	-3.4%

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

N/A

Employees

N/A

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

$129,069

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BOB DURBIN	EXITING TRUSTEE	1.00	Director	$0	$0	$0
JOE SKILJAN	TRUSTEE	1.00	Director	$0	$0	$0
BRAD CORRIE	TRUSTEE	1.00	Director	$0	$0	$0
JOHN SCHULTZ	TRUSTEE	1.00	Director	$0	$0	$0
CHARLIE BAILEY	TRUSTEE	10.00	Director	$0	$0	$53,622
MARK THOMAS	TRUSTEE	10.00	Director	$0	$0	$75,447

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	No data	No data	No data	No data
2023	$482,867	$319,302	$913,195	$163,565
2022	$299,271	$366,302	$747,064	$-67,031
2021	$374,692	$266,404	$834,781	$108,288
2020	$237,953	$304,566	$766,845	$-66,613
2019	$310,891	$343,120	$822,940	$-32,229
2018	$385,835	$265,098	$807,964	$120,737
2018	$359,428	$265,098	$781,557	$94,330

UA STEAMFITTERS LOCAL 439 INDUSTRY ADVANCEMENT FUND